Distribution Automation Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2030
Distribution Automation Market Overview: Distribution Automation Market is anticipated grow at a CAGR of 7.14% during the ongoing forecast period of 2022-2030. The global distribution automation market is growing at a rapid pace. Some of the critical functions of distribution automation systems include asset optimization, demand optimization, distribution optimization, and distribution control analysis. Rapid adoption of these systems in commercial, industrial, and residential sectors for remote monitoring and control of electrical loads on power distribution systems and equipment are major distribution automation market trends. The energy industry has significantly evolved in recent years, mainly due to the rising deployments of digital grids. Augmenting demand from the power industry is a major factor substantiating the size of the market. Besides, technological advances, such as e-mobility software, energy dashboard, automation, and energy consulting & protection dev...