Global Substation Automation Market was valued USD XX Bn in 2019 and is expected to reach US$ 61.56 Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Substation Automation Market Drivers and Restrains:
Substation automation systems (SAS) are based on a dedicated software stored in parts of hardware that belong to a set of substation secondary components. To achieve the goal of efficient transmission and distribution of electricity, the automation of substation is required. In order to make power supply automated, use of equipment like specific software, special sensor and equipment that facilitate two way communication are entailed.
There is a use of intelligent device used such as protective relays, programmable logical control and digital transducer, such type of equipment helps in the monitoring and controlling the substation equipment, also with help of such equipment the incidence and duration of power outages are reduced.
The requirement of high capital cost for the installation to wireless sensor network and the lack of technical expertise are restraining the growth of the market at the global level. Increasing government support in emerging economies in Asia pacific for the use of battery technology for the electricity generation to offer growth opportunities for the market players during the forecast period.
Manufacturers in the substation automation are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers, acquisitions and technological innovations are also the key focus areas of the manufacturers.
Global Substation Automation Market Segmentation Analysis:
Based on end users, substation automation market has been segmented into utility, steel, mining, transportation, oil and gas. Utility segment is expected to grow at a highest CAGR of XX% between 2018 and 2026. The utility segment is one of the growing application areas relating to substation automation and integration, due to the high demand-supply gap in energy in most of the emerging and emerged industries.
Substation automation systems have a big opportunity in the utility sector as these systems are used in generating, transmitting, and distributing power. The modernization of grids and installation of smart grids in utility industry are fueling the market growth worldwide.
Global Substation Automation Market Regional Analysis:
The substation automation and integration market in APAC is expected to grow at a high rate between 2018 and 2026. Several initiatives have been taken by the Government of India to advance its power and energy sector, which helps to the growth of substation automation in APAC. Strategies to implement renovation of substation with an energy capacity of 175GW by 2026, various schemes organized to recover distribution in utilities, and village electrification programs.
A report covers the recent development in market for substation automation market like, in 3rd April 2017, General electric make contract with Saudi Arabia country to deliver four electric substation to power infrastructure. This Contract includes substation automation to regional control based on SCADA system
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global substation automation market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence.
To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will be address all questions of shareholders to prioritize their efforts and investment in the near future to the emerging segment in the Global substation automation market.
Scope of the Global Substation Automation Market:
Global Substation Automation Market, by Module:
• Intelligent electronic devices
• Communication Network Technology
Global Substation Automation Market, by Type:
• Transmission substations
• Distribution substations
Global Substation Automation Market, by Component:
• Reclose Controller
• Programmable Logical Controller
• Capacitor Bank Controller
• Digital Transducer/Smart Meter
• Load Tap Controller
• Communication Channel
• Digital Relays
Global Substation Automation Market, by Communication channel:
• Power Line Communication
• Copper Wire Communication
• Optical Fiber Communication
Global Substation Automation Market, by End Users:
• Oil and gas
Global Substation Automation Market, by Region:
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Substation Automation Market, Major Players:
• Schneider Electric
• EATON Corp.
• Tropos Network
• Encore Networks
• Grid Net
• ABB Ltd.
• Siemens AG
• General Electric
• Cisco Systems, Inc.
• Eaton Corporation Plc.
• Crompton Greaves Ltd.
• Larsen & Toubro Limited
• Verson Electric Pvt. Ltd.
• Trilliant Holdings, Inc.
• Encore Networks
• Cooper Industries
• Power System Engineering, Inc.
• Texas Instruments
• Axiomtek Co. Ltd
• Toshiba Corporation
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