Annual Global Revenue for Distribution Automation Technologies Is Expected to Grow from $10.9 Billion in 2019 to $20.9 Billion in 2028
Developed regions such as North America and Europe are experiencing significant distribution automation deployments
A new report from Navigant Research analyzes the technologies and strategies being deployed on the distribution grid to increase grid reliability, visibility, resiliency, and flexibility.
The distribution grid is among the most critical, dynamic, and fastest changing pieces of the 2019 electric grid. During the next decade, utilities around the world are expected to make significant investment in distribution grids, specifically in distribution automation (DA). Click to tweet: According to a new report from Navigant Research, annual global revenue for distribution automation technologies is forecast to grow from $10.9 billion in 2019 to $20.9 billion in 2028, at a CAGR of 7.5%.
“The importance of distribution automation is consistent across all types of utilities,” says Michael Hartnack, research analyst with Navigant Research. “Ratepayer, regulator, and stakeholder demand for improved grid performance is driving much of this investment, with increasingly widespread deployments of distributed energy resources (DER) also growing the market.”
According to the report, developed regions such as North America and Europe are witnessing high growth and significant distribution automation deployments, while the pure size and rate of development of the distribution grid in Asia Pacific bolsters the market and its growth rate there. Developing regions typically include higher levels of automation for new construction, but existing grids in these areas are left unimproved. This situation drives an overall high growth rate for Latin America and the Middle East & Africa despite a lower overall market size.
The report, Distribution Automation Technologies, analyzes the key trends, drivers, and barriers to adoption of data platforms and other big data management solutions within the utility industry. The study includes several submarkets within the utility data management space alongside global market adoption trends. Global market forecasts, segmented by technology, application, and region, extend through 2027. The report examines different application segments for data management: data platforms, connected devices, edge computing, data storage, and IoT analytics. An Executive Summary of the report is available for free download on the Navigant Research website.
*The information contained in this press release concerning the report, Distribution Automation Technologies, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.