Distribution Feeder Automation Market – Drivers and Forecasts by Technavio

LONDON–(BUSINESS WIRE)–#Automation—Technavio
analysts forecast the global
distribution feeder automation market to grow at a CAGR
of almost 6% during the forecast period, according to their latest
report.

The research study covers the present scenario and growth prospects of
the global distribution
feeder automation market for 2017-2021. Technavio
presents a detailed picture of the market by way of study, synthesis,
and summation of data from multiple sources.

The global distribution feeder automation market will continue to
register a steady growth during the forecast period due to the
increasing demand for uninterrupted power supply, reduced outage time,
and stringent government regulations. It is expected that modern
infrastructure facilities such as IoT and cloud computing will bring
about flexibility in distribution feeder automation, and will provide
both financial and operational benefits to utility companies and
last-mile users.

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Technavio analysts highlight the following three factors that are
contributing to the growth of the global distribution feeder automation
market:

Growing need for uninterrupted power supply

Against the backdrop of dynamic competitive environments, many
businesses now realize the need for uninterrupted power supply without
compromising on power quality. In recent times, end-users are losing
significant revenue even during brief power outages. As most of the
manufacturing industries are now shifting toward Just in Time (JIT)
delivery, an outage lasting even for a short duration creates a huge
mismatch between supply and demand, thereby adversely affecting the
overall revenue of the company.

Raghav Bharadwaj Shivaswamy, a lead automation
research analyst at Technavio, says, “Utility companies must address
a large number of consumer complaints. As distribution feeder automation
can reduce the outage time by quickly switching between feeder lines, it
puts the utility companies in a better cash flow position.”

Significant reduction in the maintenance cost of feeder circuits

Most utility companies now focus on reducing their maintenance costs. In
the absence of distribution feeder automation, maintenance activities on
feeder line faults are dealt on-site, which stretches the outage time
and adds to consumers’ grievances. Utility companies also incur a loss
of revenue due to the traveling costs incurred in on-site maintenance
activities.

“Power outages lead to consumer complaints, and utility companies are
required to spend a huge amount of money on managing the fuel and labor
costs. In addition, prolonged outage time affects the utility company’s
reputation and may lead to the company losing contracts for upcoming
projects,” adds Raghav.

Increasing government pressure to improve the quality of power

Most utility companies come under government jurisdiction in many
countries. The rising need for power, the shortages in electricity
supply, and the low quality of the power supplied are continuously
pushing the government to have a closer look at the utilization of
electricity, to achieve sustainable economic growth.

Thus, to improve the performance of the distribution network,
governments in many countries have issued clear directives to the
utility companies to ensure a steady and sustainable distribution power
system with enhanced power quality. For instance, the international
standard: IEEE 519-1992 specifies the limit of harmonics in power
voltage and current.

Top vendors:

• ABB
• Eaton
• Grid Solutions
• Schneider Electric
• Siemens

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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