According to a new report, published by KBV research, The Global Distribution Automation Market size is expected to reach $35.9 billion by 2030, rising at a market growth of 11.8% CAGR during the forecast period.
The Wireless segment has shown the growth rate of 12.6% during (2023 - 2030). The greater funding allocation for the widespread implementation of distribution automation technologies and the expanding private utility investment in cutting-edge technologies are the main drivers of the wireless communication technology segment's growth.
The Public segment is leading the Global Distribution Automation Market by Utility in 2022, achieving a market value of $24.2 billion by 2030. Due to the growing number of publicly owned electric utilities around the world, the public utility industry is anticipated to experience significant growth. The government's assistance to public utilities is another factor that is accelerating the implementation of distribution automation systems.
The Software segment is showcasing a CAGR of 12% during (2023 - 2030). The IoT and communication systems' growing tendency to adopt new technology is likely to cause the software segment to expand significantly. The segment expansion is being fueled by elements like cheap maintenance costs, quick restoration times, and increased efficiency. These services collect track data and keep track of switch status to remotely monitor and regulate the electric supply network.
The Asia Pacific market dominated the Global Distribution Automation Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.4 billion by 2030. The Europe market is estimated to grow a CAGR of 11.4% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 11.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/distribution-automation-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
Unique Offerings 
