Feeder Automation Market Scope
Feeder Automation (FA) encompasses a broad range of applications that help utilities make more efficient use of their distribution feeder systems. For example utilities can confidently operate closer to the physical limits of their systems with the increase in more robust data for planning engineering and maintenance extending equipment useful life. DA can also provide benefit through deferral of additional generation capacity release of transmission capacity and delay or suspension of distribution substation equipment purchases. Since FA distribution feeder automation improves reliable power delivery in turn it also improves utility customer satisfaction.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | GE (United States), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (United States), Landis+Gyr (Switzerland), Hubbell (United States), CE Power Engineered Services (United States), S&C Electric Company (United States) and Eaton (Ireland) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions expansions investments new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Feeder Automation market throughout the predicted period.
GE (United States), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (United States), Landis+Gyr (Switzerland), Hubbell (United States), CE Power Engineered Services (United States), S&C Electric Company (United States) and Eaton (Ireland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Schweitzer Engineering Laboratories (United States), G&W Electric (United States), Xylem (United States), Beckwith Electric (United States) and Toshiba (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Feeder Automation market by Type , by Application (Commercial, Industrial and Residential) and Region with country level break-up.
On the basis of geography, the market of Feeder Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2023,Siemens Mobility has completed the acquisition of Optrail S.r.l., an Italian-based technology company, that provides unique algorithms for Traffic Management Systems – TMS – based on mathematical optimization methods and operations research. The acquisition complements Siemens Mobility’s existing Train Planning System – TPS – portfolio and strengthens its position as a leading supplier of software solutions to rail customers. Optrail will remain based in Rome, Italy, and its technology will be integrated into Hacon’s existing TPS products. Hacon, a Siemens Company, is based in Hanover, Germany, and an essential part of Siemens Mobility’s software unit.
In September 2023 Siemens announced the launch of ‘Siemens Xcelerator’ in India at its Annual Flagship event ‘Siemens India Innovation Day 2022’ in Mumbai today. Siemens Xcelerator is an open and evolving digital business ecosystem that comprises a comprehensive, curated portfolio that includes digital and Internet of Things (IoT)-enabled offerings (software, hardware and digital services) from Siemens, and certified third parties.
Influencing Trend:
Use of Smart Grid Technology
Market Growth Drivers:
Growing Electricity Prices With Increased Consumption and Renewable Energy Integration
Challenges:
The continues Generation of Data for the various node of the network has the raised huge concern of solution Provider
Restraints:
High Costs & Standards
Opportunities:
Rapid advances in wireless cellular and satellite systems will soon provide cost-effective solutions for enterprise connectivity
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Feeder Automation Manufacturer, Government Regulatory and Research Organizations and End-Use Industry