The Latin America, Middle East and Africa Distribution Automation Market would witness market growth of 14.8% CAGR during the forecast period (2023-2030).
Government mandates to improve grid efficiency are driving the need for distribution automation technologies across this region's energy & utility sectors. The region's market growth will be fueled by the GCC's predicted dominance as smart grids replace traditional grids. The Middle East and Africa are anticipated to expand because of the widespread use of solutions to reduce outages and revenue losses and provide greater control with little disturbances.
Renewable energy must be successfully integrated into the power grid to support the regional transition to greener energy sources like solar and wind. By maximizing their generation, delivery, and consumption, distribution automation provides improved management of distributed energy resources (DERs). Utility companies may better manage the fluctuation and irregularity brought on by renewable energy sources by using intelligent automation solutions, which also enhance grid stability and make it easier to integrate renewable generation into the grid.
The energy sector in Brazil is the biggest in Latin America, and there are opportunities in many different subsectors. Most importantly, the Energy Expansion Plan (PDE) for 2021–2031 of the Brazilian Energy Planning Agency (EPE) shows that renewable energy sources will continue to be a top priority in Brazil's energy sector, accounting for nearly 50% of Brazil's energy matrix between 2021 and 2031. In 2020, renewable energy met 85% of the demand for power, and by 2030, that percentage is anticipated to rise to 88%. The development of the market in LAMEA throughout the forecast period is therefore supported by the government's ambitions for electrification.
The Brazil market dominated the LAMEA Distribution Automation Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $673.1 million by 2030. The Argentina market is poised to grow at a CAGR of 15.5% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 14.5% during (2023 - 2030).
Based on Communication Technology, the market is segmented into Wired (Fiber Optic, Ethernet, and Powerline Carrier), and Wireless. Based on Utility, the market is segmented into Public, and Private. Based on Component, the market is segmented into Field Devices (Automated Feeder Switches/Reclosers, Remote Fault Indicators, Smart Relays, Automated Capacitors, Automated Voltage Regulators, Transformer Monitors, Remote Terminal Unit, Feeder Monitors, and Others), Software, and Services.Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Distribution Automation Market is Projected to reach USD 35.9 Billion by 2030, at a CAGR of 11.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Schneider Electric SE, Siemens AG, Eaton Corporation PLC, General Electric Company, Itron, Inc., Toshiba Corporation, Xylem, Inc., G&W Electric, and S&C Electric Company
By Communication Technology
By Utility
By Component
By Country
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