Feeder Automation Global Market Report 2024

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 witnessed in the historical period can be attributed to several factors, including the rapid escalation of electricity prices, the escalating demand for feeder system automation, increased utilization of distribution feeder automation systems across various mining sites, and the growing imperative for operational efficiency.

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%. Looking forward to the forecast period, growth is expected to be fueled by the integration of renewable energy sources, a heightened need for efficient feeder systems, the imperative for enhanced reliability and efficiency in power distribution, increasing demand for tailored automation solutions, and greater adoption of feeder automation systems within the oil and gas industry. Key trends anticipated in the forecast period include the implementation of smart grid technology, the uptake of advanced technologies in feeder automation, the integration of automatic devices, rising investments in automation endeavors, and continued product innovation.

The increasing demand for efficient power distribution is anticipated to drive the expansion of the feeder automation market in the future. Power distribution involves the transmission of electrical power from generation sources, such as power plants, to various end-users such as residences, businesses, and industries. There's a growing need for power distribution systems to efficiently deliver electricity to end-users, supporting economic activities and societal functions. Feeder automation is utilized in power distribution to enhance reliability and efficiency by automating monitoring, control, and management processes, improving fault detection, isolation, and restoration, thus ensuring uninterrupted power supply to consumers while minimizing downtime and operational expenses. For example, according to the Dubai Electricity and Water Authority (PJSC) in March 2023, the total length of electricity transmission and distribution lines increased from 41,930 kilometers in 2021 to 42,586.71 kilometers in 2022. The growth included an increase in transmission lines to 4,332 km and underground distribution cables to 37,541 km in 2022, indicating the rising demand for efficient power distribution driving the feeder automation market.

Key players in the feeder automation sector are embracing sustainable electrification technologies such as all-in-one protection relays to enhance efficiency and reliability while reducing complexity and installation expenses. Protection relays continuously monitor electrical parameters such as current, voltage, and frequency on distribution feeders. For instance, ABB Ltd. introduced an all-in-one protection relay, REX610, in May 2021. The REX610 is designed to support safe, smart, and sustainable electrification by offering optimal protection for basic power distribution applications with only six variants, simplifying ordering, setup, usage, and maintenance. It facilitates communication and interoperability among substation automation devices and various smart services, including those on the ABB Ability platform. The plug-and-play solution includes installed hardware modules unlocking all available functionality, enabling users to adapt to changing protection, communication, and network needs.

In November 2023, Mutares SE & Co. KGaA acquired Efacec for an undisclosed sum. Through this acquisition, Efacec will enhance Mutares' Engineering & Technology division, marking its third acquisition and second platform investment in the Iberian region. Efacec, based in Portugal, specializes in electricity distribution solutions such as feeder automation and will contribute to Mutares' portfolio expansion in the sector.

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.

North America was the largest region in the feeder automation market in 2023. The regions covered in the feeder automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the feeder automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Feeder automation utilizes automated technologies to oversee and regulate electrical distribution feeders within power systems. These systems are designed to identify faults, isolate problematic areas, and swiftly restore power to minimize service disruptions.

The main types of feeder automation are hardware, software, and services. Hardware involves the physical elements of feeder automation, including the integration of sensors, actuators, controllers, and communication interfaces to automate the monitoring, control, and management of physical processes or equipment. Its applications span various sectors, including commercial, industrial, residential, and others, serving end users such as those in manufacturing, transportation, agriculture, and retail.

The feeder automation market research report is one of a series of new reports that provides feeder automation market statistics, including feeder automation industry global market size, regional shares, competitors with a feeder automation market share, detailed feeder automation market segments, market trends and opportunities, and any further data you may need to thrive in the feeder automation industry. This feeder automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The feeder automation market consists of revenues earned by entities by installation, maintenance, software and licensing fees. The market value includes the value of related goods sold by the service provider or included within the service offering. The feeder automation market also includes sales of smart grid components, switches, and controllers, communication devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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