Market Overview
The global substation automation market is growing rapidly. The increasing demand of distributed intelligence is propelling the market growth of application development. For instance, the companies are investing in substation automation which is widely used for the utility industry. The growing urbanization along with increasing demand of electricity is boosting the demand of Substation Automation Market. These controllers are widely used in the utility industry. The real time automation controller which is boosting the demand of substation automation market. These automation controllers are rugged, reliable to use and reduces training and flexible for application. It is integrated with human-machine interface which offer offer comprehensive data visualization.
The global substation automation market is segmented into component, module, communication channel, industry, and region. The component is sub-segmented into recloser controller, capacitor bank controller, smart meter, load tap controller and others. The module is sub-segmented into SCADA, intelligent electronic device, communication network and others. The communication channel segment is sub-segmented into Ethernet, copper wire communication, power line communication, optical fiber communication and others. The industry is sub-segmented into utility, transportation, mining, steel, and others. The global market is spanned across North America, Europe, Asia Pacific, and rest of the world.
According to the Market Research Future Analysis, the global substation automation market is expected to reach USD ~51 Billion by the end of the forecast period at a CAGR of ~9%.
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Key Players
Some of the prominent players in the global substation automation market are Schneider Electric (France), Siemens AG (Germany), ABB Group (Switzerland), General Electric (U.S.), Tropos Network (U.S.), EATON Corp. (U.S.), Encore Networks (U.S.), Grid Net (U.S.), Cisco Systems, Inc. (U.S.), Cooper Industries (U.S.), Larsen & Toubro Limited (India), Power System Engineering, Inc. (U.S.), Texas Instruments (U.S.), Axiomtek Co. Ltd (Taiwan),Toshiba Corporation (Japan), Ametek (U.S.), SAE IT-systems GmbH & Co. KG (Germany), among others.
Substation Automation Global Market – Segmentation
- Segmentation by Component: Recloser Controller, Capacitor Bank Controller, Smart Meter, Load Tap Controller, others
- Segmentation by Module: Comprises of SCADA, Intelligent Electronic Device, Communication Network and others
- Segmentation by Communication Channel: Comprises of Ethernet, copper wire communication, power line communication, optical fiber communication and others.
- Segmentation by Industry: Comprises of utility, transportation, mining, steel, and others
- Segmentation by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Substation Automation Global Market – Regional Analysis
The geographical analysis of Substation Automation market is dominated by North America, which is estimated to account for the largest share of the market, followed by Europe, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth factor in Substation Automation market in North America is attributed to increasing popularity of advanced intelligent electronic device and communication technologies, which is propelling the substation automation market growth. The major growth factor for Europe is the increasing demand for smart grids.
Industry News
April 2018– Siemens has announced a strengthened digital T&D portfolio across key areas including substations, transformer maintenance and grid planning. Advantaging Siemens’ global focus on the growth of the Internet of Things, the company aims to incorporate digitally-driven solutions into its grid-facing businesses including digital substations that can operate more economically.
April 2018, G&W Electric and GE’s Grid Solutions have collaborated on the development of a new integrated recloser solution. G&W’s Viper Recloser has been designed and tested to work seamlessly with GE’s new Multilin® R650 recloser control. It delivers comprehensive performance in protection, monitoring, control, automatic network configuration and communications.
April 2018– ABB has secured a contract worth over $90m from Dubai Electricity and Water Authority (DEWA) to construct the Shams 400kV substation at the Mohammed bin Rashid Al Maktoum solar park in Dubai.
Intended Audience
- Associations, organizations, forums, and alliances
- Cloud service providers
- Customer experience solution providers
- Government bodies and departments
- Substation automation companies
- Substation automation providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Module
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Substation Automation Market
Continued…
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