Electric Power DAS: Profiting Regional Market to Aid Global Expansion

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Electric Power DAS Profiting Regional Market to
Aid Global Expansion By Shruti Vanjare Electrical
power distribution is characterized as the final
stage of an electrical power system, primarily in
terms of delivering electricity to the load.
Automation in the distribution field helps
implement flexible control of distribution
systems, consequently used to enhance
reliability, efficiency, and the quality of
electric service.

• In this regard, the operational and financial
  benefits of distribution automation systems (DAS)
  include
• Increased revenue owing to quick restoration
• Enhanced utilization of system capacity
• Reduced man-hour and manpower
• Better fault detection and diagnostic analysis
• Hence, these advantages play an integral role in
  positioning the global electric power
  distribution automation systems market as a
  rapidly-developing avenue, progressing with a
  CAGR of 6.59 over the forecast period of 2022 to
  2030. Moreover, the global markets growth is
  further accredited to the high reliability of
  distribution automation systems and the aging
  power infrastructure.
• For example, as per the United States Department
  of Energy (DOE), nearly 70 of the transmission
  and distribution lines in the country are over
  two decades old. Hence, with the modernization of
  grid infrastructure, automation is integral for
  making distributed energy profitable, thereby
  propelling market growth.

Regional Dynamics to Supplement Global Market
Developments
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• According to industry statistics, government
  energy RD expenditure in 2019 increased by 3 to
  30 billion, majorly directed to low-carbon
  energy technologies. Aligning with this, Europe
  and the United States recorded robust growth,
  with the spending on public energy RD rising by
  7 in both economies. Hence, the regional
  investments within the energy sector will also
  aid the adoption of electric power distribution
  automation systems, thereby facilitating the
  markets growth in Europe as well as North
  America.
• North America to Capture the Largest Share of
  31.03 by 2030
• The demand for electric power distribution
  automation systems has witnessed robust growth in
  North America due to the increasing need for
  energy consumption in terms of industry,
  commercial, and residential usage. Moreover,
  Ontario is also engaged in a billion- dollar
  program for the installation of smart meters for
  4.5 million electricity customers in the Canadian
  province.
• Market leaders such as General Electric Company,
  Siemens AG, and others are focused on expanding
  their business by partnering with government
  agencies for the maintenance and supply of power
  distribution automation systems. Primarily
  concentrated across states like South Carolina
  and California, these collaborations will further
  accelerate the North America electric power
  distribution automation systems market growth.
• Likewise, Hydro-Québec, a major smart grid firm
  headquartered in Canada, has also been involved
  in the automation of substations and high-voltage
  transmission. This factor plays an essential role
  in ranking substation as the fastest-growing
  implementation segment with a 6.94 CAGR by 2030.
• Asia-Pacific to Witness the Highest CAGR of 8.34
  by 2030
• The demand for electricity is on the rise across
  developing countries such as Indonesia,
  Bangladesh, China, India, and others. This
  factor, in addition to rapid urbanization,
  significantly contributes to the growth of the
  Asia-Pacific electric power distribution
  automation systems market growth.
• The lack of residential area development,
  especially in countries such as Indonesia,
  impacts the demand for distribution automation
  systems (DAS). However, industrial advancements
  are expected to boost the need for electric power
  distribution automation systems over the forecast
  years, thus propelling the regional markets
  growth. Consequently, this factor will also
  support the growth of the industrial segment
  under the end-user category, capturing a sizeable
  market share of 49.94 by 2030.
• On the other hand, the development of feeder
  automation (FA) technology in the Asia- Pacific
  is majorly focused on automation techniques. In
  view of this aspect, leading players operating in
  the market, such as SC Electric, ABB Ltd, and
  Hitachi Ltd, are introducing cutting-edge
  features that manage power restoration and are
  ideal for smart grid systems.

Players Contribution to Alleviating Limitations
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While the global market is developing with
improved grid management approaches and
investments in smart cities, it may face
challenges like security concerns and the lack of
operational planning tools. In this regard, the
development and trend of feeder automation (FA)
technology, focused on automation techniques,
will help reduce challenges faced during the
operational planning of electric power
distribution automation. Moreover, initiatives
introduced by organizations across the globe play
an essential role in fortifying security
solutions, as well. For instance, the European
Unions regulation comprises guidelines for
better coordination between transmission system
operators, thus enhancing the security of
electricity supply. Similarly, companies such as
Schweitzer Engineering Laboratories offer
engineering services and solutions for the
security of critical infrastructure, thereby
strengthening the global electric power
distribution automation systems market growth.

• Frequently Asked Questions (FAQs)
• What are the end-user segments covered in the
  market growth analysis?
• A Industrial, commercial, and residential
  segments are covered in the market growth
  analysis.
• Which country leads the Asia-Pacific electric
  power distribution automation systems market?
• A China is set to lead the market growth in the
  Asia-Pacific region.