Energy and Power Global Distribution Feeder Protection System

Global Distribution Feeder Protection System Market Synopsis
The global distribution feeder protection system market is anticipated to garner a CAGR of 6.19
% during the forecast period (2019-2024), Market Research Future (MRFR) reveals in a detailed
report. Distribution feeder protection system can be defined as a device which can be used in an
electric distribution system to safeguard the expensive systems and components from threats like
blackout and lightening. It also safeguards from potential threats like transmission line tower flash-
over, strong wind blowing tree branches into electric lines, generator failure, and transformer
failure. The system comprises sensors, fuses, and interconnections.
Market Potential and Pitfalls
The global Distribution Feeder Protection System Market Share is likely to experience a sturdy
growth in the foreseeable future. The increased demand for power, along with the rising adoption
of feeder protection devices for safe T&D are some of the top factors likely to propel the growth
of the market across the globe. The demand for electricity will continue to propel with time,
thereby fueling the market growth across the globe. For instance, the consumption of electricity
reached 22,015 TWh in 2017. As reported by the International Energy Agency, World Energy
Outlook 2017, according to the new policies, the global demand for energy is not as high as in the
past but has the potential to expand at a rate of 30% by 2040. With the increased need for energy,
the demand for electricity infrastructure is also increasing. This is further considered to contribute
to the growth of distribution feeder protection system market globally. There is an increased need
to upgrade T&D grids to provide lucrative business opportunities, which in turn encourages the
growth of the market. Moreover, the growing use of non-conventional and renewable energy
sources is highly influencing the market.
On the contrary, the high price of distribution feeder protection system, coupled with its high
maintenance cost are some of the top roadblocks to the growth of the market.
Global Distribution Feeder Protection System Market: Segmental Analysis
The global distribution feeder protection system market is segmented on the basis of voltage rating
and end user.
By voltage rating, the distribution feeder protection system market is segmented into low voltage
and medium voltage. Among these, the medium voltage rating acquired the largest share and led
the market in 2018 due to its rising application in the industrial sector.
By end user, the distribution feeder protection system market is segmented into manufacturing &
processing industries, transmission & distribution utility, and commercial & residential. Among
these, the transmission & distribution utility segment is likely to showcase the highest growth rate.
T&D utility is highly used in industrial plants, power plants, and conventional electric utility
companies. The unstable electricity supply, coupled with the constant requirement for electricity
among the developing economies, will assist in the growth of the distribution feeder protection
system in the T&D utility segment.
Regional Frontiers