The global distribution feeder protection system market size was USD XX Bn in 2022 and is likely to reach USD XX Bn by 2031, expanding at a CAGR of 6.21% during 2023–2031. The market is driven by the growing demand for power in commercial and industrial sectors.
Increasing manufacturing activities across industries and the expansion of commercial spaces are fueling demand for non-stop power supply and efficient power systems. This in turn, is propelling the need for a distribution feeder protection system, as it plays a crucial role in maintaining the reliability and stability of the power supply systems, by minimizing the impact of disruptions and ensuring the safety of the electrical infrastructure.
These systems are incorporating advanced technologies, including digital relays and communication systems, to enable fast and accurate fault detection. The technology is enabling improved coordination between powerline protection devices. All of these factors are projected to propel the healthy growth of the market for distribution feeder protection systems during the assessment period.
- As per the estimation of the International Energy Association, approximately USD 2.8 trillion is anticipated to be invested in the energy sector in 2023. Additionally, around USD 1.7 trillion is expected to be financed for clean energy, which includes the development and implementation of renewable power, low-emission fuels, nuclear, grids, and electrification.
A distribution feeder protection system is a special type of electrical system designed to protect distribution feeders. The feeders are the electrical circuits that deliver power from a substation to various nodes such as commercial, residential, and industrial consumers. In simple terms, it is used for the protection of overhead lines and cables. The purpose of this protection is to ensure a seamless power supply and in case some fault occurs, then to prevent its spread to the healthy parts of the network.
The market report finds that the COVID-19 pandemic has negatively affected the distribution feeder protection system market. The lockdown restrictions imposed by governments all around the world led to complete or limited access to the outside world. This curtailed most of the construction and manufacturing activities, dropping the global energy demand. In addition, the fear of infection and public movement regulations led to a shortage of workforce, which stalled the development and maintenance work for power supply systems, this, as a result, hampered the market.
Distribution Feeder Protection System Market Dynamics
Major Drivers
Increase in global power consumption is expected to drive the market during the forecast period. The demand for efficient and reliable power distribution systems is rising across the power sector. As power consumption rises, the load on distribution feeders intensifies.
Such power load requires dependable protection systems to ensure an uninterrupted supply. It creates the need for advanced technological solutions to monitor, detect, and respond to faults and abnormalities in distribution feeders. The distribution feeder protection system enhances overall system reliability, owing to this it is expected to drive market growth.
Use of renewable sources of energy as an alternative power source is projected to boost the market during the forecast period. Renewable power sources such as solar and wind power are naturally replenished and do not run out. The distribution feeder protection systems ensure the reliable and safe operation of these grids as well.
Furthermore, the protection enables the seamless integration of renewable energy sources into the existing electricity distribution infrastructure.
Existing Restraints
The increasing cost of energy is anticipated to restrain the market growth as it puts financial pressure on utilities and grid operations. This takes away from the money to be used for infrastructure development of electrical grids. It also causes delays in the upgradation and expansion of distribution feeder protection systems.
Furthermore, the high cost of energy limits the innovation and development of more advanced and efficient protection systems.
Emerging Opportunities
Ongoing global upgradation of transmission and distribution grids presents considerable growth opportunities for the distribution feeder protection system market. It creates a greater demand for reliable and efficient protection systems.
As the grid infrastructure evolves to accommodate renewable energy integration and smart grids, the need for advanced protection solutions becomes paramount to ensure grid stability and prevent disruptions. The development and upgradation of the grid infrastructure have the potential for market growth for these protection systems.
Scope of the Distribution Feeder Protection System Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Distribution Feeder Protection System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Voltage Rating (High Voltage, Medium Voltage, and Low Voltage), and End-user (Transmission & Distribution Utility, Commercial & Residential, and Manufacturing & Processing Industries)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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ABB; Crompton Greaves Consumer Electricals Limited; Eaton; Fanox; General Electric; LARSEN & TOUBRO LIMITED; Littelfuse, Inc.; Mitsubishi Electric Corporation; National Grid; NOJA Power Switchgear Pty Ltd; Schneider Electric; Schweitzer Engineering Laboratories, Inc.; Siemens; and TOSHIBA CORPORATION
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Distribution Feeder Protection System Market Segment Insights
Voltage Rating Segment Analysis
Based on voltage rating, the distribution feeder protection system market is divided into high voltage, medium voltage, and low voltage. The medium voltage segment is likely to hold the dominant share of the market during the projection period due to the increasing demand for efficient and reliable power distribution in industries and urban areas.
It serves as a vital link between high-voltage transmission and low-voltage distribution systems. Furthermore, the integration of renewable source energy into the main grid requires medium-voltage solutions to integrate into the grid effectively.
End User Segment Analysis
On the basis of end-user, the distribution feeder protection system market is segmented into transmission & distribution utility, commercial & residential, and manufacturing & processing industries.
The manufacturing & processing industries segment is anticipated to register a robust growth rate during the forecast period as industries typically have high power demands and complex distribution networks. This makes the implementation of effective feeder protection systems very crucial, as they prevent equipment damage, downtime, and production losses.
The commercial & residential segment is projected to register a considerable CAGR during the forecast period owing to the requirement for robust protection systems to ensure uninterrupted operations in places such as industrial complexes, office buildings, and shopping centers.
Such places depend on reliable fault detection systems to ensure uninterrupted operations to prevent equipment damage and costly downtime. The protection systems offer features such as fault location and isolation, load balancing, and quick restoration, making them highly desirable for commercial applications.
Regional Analysis
In terms of region, the global distribution feeder protection system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period owing to the expansion of power grids in the region. This leads to an increased demand for advanced electric power transmission and distribution equipment.
The increasing power consumption is due to factors such as urbanization, industrialization, rise in disposable income, and increasing population, among others. As a result, the growing investment in the transmission and distribution sector of emerging economies of the region such as China, India, and other Southeast Asian countries is anticipated to drive the market.
North America is anticipated to have considerable growth during the forecast period owing to factors such as its advanced infrastructure of power distribution system, the presence of several key market players, and high industrial production. A large number of industrial and commercial activities are carried out in the region which is projected to create new growth opportunities for the market in North America.
Segments
The distribution feeder protection system market has been segmented on the basis of
Voltage Rating
- High Voltage
- Medium Voltage
- Low Voltage
End-user
- Transmission & Distribution Utility
- Commercial & Residential
- Manufacturing & Processing Industries
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ABB
- Crompton Greaves Consumer Electricals Limited
- Eaton
- Fanox
- General Electric
- LARSEN & TOUBRO LIMITED
- Littelfuse, Inc.
- Mitsubishi Electric Corporation
- National Grid
- NOJA Power Switchgear Pty Ltd
- Schneider Electric
- Schweitzer Engineering Laboratories, Inc.
- Siemens
- TOSHIBA CORPORATION
Competitive Landscape
Key players competing in the global distribution feeder protection system market are ABB; Crompton Greaves Consumer Electricals Limited; Eaton; Fanox; General Electric; LARSEN & TOUBRO LIMITED; Littelfuse, Inc.; Mitsubishi Electric Corporation; National Grid; NOJA Power Switchgear Pty Ltd; Schneider Electric; Schweitzer Engineering Laboratories, Inc.; Siemens; and TOSHIBA CORPORATION.
These companies have several developmental strategies in place including collaborations, product launches, mergers, acquisitions, partnerships, and production expansion to increase their market share. Frequent collaborations with other industries and government contracts play a major role in maintaining relevance and working on new & innovative project developments. For instance,
- On 19 May 2021, Elexicon Energy collaborated with real estate developer Marshall Homes and Canada’s global cleantech company, Opus’s One Solutions for the creation of Altona Towns, a smart grid pilot community in Canada. Elexicon Energy is the fourth-largest distributor of electricity that is municipally owned. It tends to test and develop the technology to turn the current electricity distribution system into modern grids that are digitally enabled.
- On 12 October 2021, Sharika Enterprises Ltd., a provider of engineering procurement services, received a contract worth USD 5.8 million to design and install the commission and maintenance of the Feeder Automation System. This step has been taken to improve the state of the power distribution in the Jammu and Kashmir region in India.
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