Distribution Feeder Automation System Market Growth (2022-27)

 

Market Overview:

During the forecast period of 2022–2027, the distribution feeder automation system market is anticipated to grow at a CAGR of more than 2%. The COVID-19 pandemic had a negative impact on the market in 2020 and caused delays in a number of projects related to smart grids. The effects of the pandemic are expected to be neutralised by the resurgent demand for electricity. The market for distribution feeder automation systems is driven by factors like a strong emphasis on reducing electricity distribution faults, a need for a consistent and uninterrupted power supply, and an increase in energy demand. The market may be constrained by complex architecture and irregularities in the reporting of outages, particularly in densely populated areas.

During the forecast period, the hardware industry is anticipated to represent a sizable segment. The segment is used to accurately identify network faults in the transmission and distribution systems so that power can be restored more quickly and effectively. It is anticipated that rising reliability and advancements will support market expansion.

Scope of the Report

The distribution feeder automation system market report includes:

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