Global Feeder Automation Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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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, and 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, and 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, and product innovation.
The rise in demand for efficient power distribution is set to propel the growth of the feeder automation market going forward. Power distribution involves delivering electrical power from generation sources to end users such as homes, businesses, and industries. There is an increasing need for efficient power distribution to support economic activities and societal functions. Feeder automation improves reliability and efficiency by automating monitoring, control, and management of distribution feeders, thereby enhancing fault detection, isolation, and restoration processes. This ensures uninterrupted power supply while reducing downtime and operational costs. For instance, in March 2023, the Dubai Electricity and Water Authority reported that the total length of electricity transmission and distribution lines reached 42,586.71 kilometers in 2022, compared to 41,930 kilometers in 2021. The growth included an increase in transmission lines to 4,332 km and 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.
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What Are The Key Trends That Influence Feeder Automation Share Analysis?
Major companies in the feeder automation sector are adopting sustainable electrification technologies, including all-in-one protection relays, to enhance efficiency and reliability while minimizing complexity and installation costs. Protection relays are essential for continuously monitoring electrical parameters like current, voltage, and frequency on distribution feeders. For example, in May 2021, ABB Ltd., a Swiss manufacturing firm, introduced the REX610, an all-in-one protection relay designed to support safe, smart, and sustainable electrification. The REX610 offers optimal protection for fundamental power distribution tasks with only six variants, simplifying ordering, setup, usage, and servicing. It supports communication and interoperability among substation automation devices and various smart services available on the ABB Ability platform. The relay provides a plug-and-play solution with installed hardware modules that unlock all functionalities, allowing users to adapt to evolving protection, communication, and network needs.
Which Market Players Are Driving Growth In The Feeder Automation Market?
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.
How Is The Global Feeder Automation Market 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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The Feeder Automation Global Market Report 2024 provides an overview of the feeder automationmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The feeder automation market forecast analyzes feeder automation market size, feeder automation market share, leading competitor and their market positions.
The Table Of Content For The Feeder Automation Market Include
1. Feeder Automation Market Executive Summary
2. Feeder Automation Market Segments
3. Feeder Automation Market Size And Template Market Growth Rate
4. Key Feeder Automation Market Trends
5. Major Feeder Automation Market Drivers
……
25. Key Mergers And Acquisitions In The Feeder Automation Market
26. Top Feeder Automation Companies
27. Feeder Automation Market Opportunities And Strategies
28. Feeder Automation Market, Conclusions And Recommendations
29. Appendix
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