Distribution Feeder Automation System Market Trends 2021: Sales Revenue, Development Strategy
The distribution feeder automation system market trends is growing at a rapid pace. These systems are rapidly adopted in commercial, industrial, and residential sectors to monitor the distribution system and its equipment remotely. The industry has significantly expanded in recent years, mainly due to the rising use of digital grids. The increasing demand from the power industry is a major factor substantiating the size of the market. Besides, advances in technologies, such as e-mobility software, energy dashboard, feeder automation, and energy consulting & protection devices drive the market growth. Rapid industrialization in developing countries such as India has also created substantial market demand. Moreover, substantial investments in developing programmable logic controllers (PLCs), distributed control systems (DCSs), and microgrids boost the market size. According to Market Research Future (MRFR), the global distribution feeder automation system ma...