Brazil, South Africa, and UAE are the fastest growing demand hubs within the $3.5 billion Feeder Automation market and expected to grow with a CAGR range of 4.3% and 6.3% for the period of 2024 to 2030. Utilities sector and industrial applications are major application areas for Feeder Automation and market competition is fierce in these applications. In environments like factories and manufacturing plants feeder automation is essential for maintaining stable power quality and minimizing production interruptions. Companies such, as Siemens and Eaton offer customized solutions specifically designed for industrial power distribution needs.
Leading players in such as Schneider Electric, ABB, Siemens, GE, Eaton, Hitachi Energy, Mitsubishi Electric, Toshiba, Fuji Electric, CG Power, Hubbell and Landis+Gyr are pushing the boundaries of innovation and forging strategic partnerships to capture larger market share.
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Feeder automation systems with capabilities are gaining popularity for their ability to monitor in real time and predict maintenance needs accurately This is particularly important, for utilities and smart cities where reliability is key.
๐๐ฅ๐จ๐๐๐ฅ & ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
As per research study, Feeder Automation is expected to rise to $7.4 billion by 2035 from $3.5 billion of 2023 with a CAGR of 6.6%. In North America, the use of feeder automation is extensive, spurred by an energy infrastructure and a commitment to smart grid initiatives, with major industry participants highlighting the importance of IoT and cybersecurity elements to bolster grid durability, and legislative structures in the region backing energy upgrades and the introduction of automated systems.
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