Substation Automation Market Size 2019: Global Analysis by Share, Trends, Opportunities, Key Players, Sales Revenue, Segmentation and Comprehensive Research Study 2023

Market Research Future published a research report on “Global Substation Automation Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - October 2, 2019 /MarketersMedia/ —

Overview:

Substation automation has evolved as an integral part of the electricity distribution system. Substations work by receiving electricity at high voltage and then distributing it at an appropriate level. This entire process of electricity generation, transmission and distribution depend heavily on intelligent electronic devices (IED) and remotely controlled devices. Automation provides necessary support for the better functioning of the substation. The global substation automation market is expecting a 6% CAGR to climb up to USD 51 billion market valuation during the forecast period (2017-2023). Market research Future’s (MRFR) report indicates at smart grids enhancing grid performance, reliability, and an effort to reduce the transmission and distribution loss as major factors to influence the market growth. Industrial upheaval in emerging economies is also providing gateways for further market proliferation and prosperity. Aging infrastructures in many regions need revamping which can contribute to the all over substation automation market growth.

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Market Competition:

The global substation automation market is witnessing several strategical methods getting applied by market superiors to increase profitability. These tactical moves include merger, acquisition, new product launches, collaborations and other ways enabling companies to expand their product portfolio.

For instance, to increase market penetration, Schneider Electric has decided to explore the MEA region by implementing their strategies for smart cities.

ABB’s taking over GE Industrial Solutions in June 2018, the latter’s electrification solutions business can be considered a decisive step which helped ABB in cementing its global position.

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.

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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

Continued…

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Organization: Market Research Future
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