The feeder automation global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Feeder Automation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The feeder automation market size has grown exponentially in recent years. It will grow from $3.53 billion in 2023 to $3.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to rapid rising prices of electricity, increasing demand for automation of feeder systems, growing usage of distribution feeder, automation system in different mining sites, increasing operational efficiency needs.
The feeder automation market size is expected to see strong growth in the next few years. It will grow to $5.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to integration of renewable energy sources, growing need for efficient feeder systems, need for improved reliability and efficiency in power distribution, increasing demand for customized automation solutions, higher adoption of feeder automation system in oil and gas industry. Major trends in the forecast period include implementation of smart grid technology, adoption of advanced technologies in feeder automation, integration of automatic devices, increasing investment in automation activities, product innovation.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –The rise in demand for efficient power distribution is expected to propel the growth of the feeder automation market going forward. Power distribution is the process of delivering electrical power from a generation source, such as a power plant, to various end users, such as homes, businesses, and industries. There is a demand for power distribution to efficiently deliver electricity from generation sources to end-users, powering homes, businesses, and industries, facilitating economic activities, and fulfilling societal functions. Power distribution uses feeder automation to improve reliability and efficiency by automating the monitoring, control, and management of distribution feeders, enhancing fault detection, isolation, and restoration processes, and ultimately ensuring uninterrupted power supply to consumers while reducing downtime and operational costs. For instance, in March 2023, according to the Dubai Electricity and Water Authority (PJSC), a UAE-based government agency, the total length of electricity transmission and distribution lines reached 42,586.71 kilometers in 2022, compared to 41,930 kilometers in 2021. The total length of transmission lines increased to 4,332 km, and the distribution lines—underground cables—to 37,541 km in 2022. Therefore, the increased demand for efficient power distribution is driving the growth of the feeder automation market.
Market Trends – Major companies operating in feeder automation are adopting sustainable electrification technologies such as all-in-one protection relays, to improve efficiency and reliability while reducing complexity and installation costs. Protection relays continuously monitor electrical parameters such as current, voltage, and frequency on distribution feeders. For instance, in May 2021, ABB Ltd., a Switzerland-based manufacturing company, launched an all-in-one protection relay, REX610, which is designed to support safe, smart, and sustainable electrification by providing optimal protection for all basic power distribution applications with only six variants, making it easy to order, set up, use, and service. REX610 facilitates communication and interoperability among substation automation devices and various smart services, including those available on the ABB Ability platform. It provides a plug-and-play solution with installed hardware modules that unlock all available functionality, allowing users to adapt to changing protection, communication, and network requirements.
The feeder automation market covered in this report is segmented –
1) By Type: Hardware, Software, Services
2) By Application: Commercial, Industrial, Residential, Other Applications
3) By End-User: Manufacturing, Transportation, Agriculture, Retail
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Regional Insights – North America was the largest region in the feeder automation market in 2023. The regions covered in the feeder automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the feeder automation market are Hitachi Ltd., Siemens AG, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., GE Vernova Inc., ABB Ltd., Toshiba Corporation, Eaton Corporation PLC, Emerson Electric Co., Delta Electronics Inc., Rockwell Automation Inc., Omron Corporation, YASKAWA Electric Corporation, Woodward Inc., Schweitzer Engineering Laboratories Inc., Atlantic City Electric Company, CG Power & Industrial Solutions Ltd., G&W Electric Co., Moxa Inc., EFACEC , Kyland Technology Co. Ltd., ATI Industrial Automation Inc., Advanced Control Systems Inc.
Table of Contents
1. Executive Summary
2. Feeder Automation Market Report Structure
3. Feeder Automation Market Trends And Strategies
4. Feeder Automation Market – Macro Economic Scenario
5. Feeder Automation Market Size And Growth
…..
27. Feeder Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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