Global $240,644 Million Substation Automation (Distribution & Transmission) Market Outlook to 2027 - ResearchAndMarkets.com
The "Substation Automation - Global Market Outlook (2019 -2027)" report has been added to ResearchAndMarkets.com's offering.
The "Substation Automation - Global Market Outlook (2019 -2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Substation Automation market accounted for $134,930 million in 2019 and is expected to reach $240,644 million by 2027 growing at a CAGR of 7.5% during the forecast period.
Increase in demand for the smart grid solutions and emergence of smart cities to benefit the substation automation market are the major factors propelling market growth. However, lack of global standards is hampering market growth.
Substation automation is a process of using data from Intelligent Electronic Devices. It refers to overprotective and automating the ability within the substation and controlling power systems devices through instructions from remote users.
Based on the module, the intelligent electronic devices (IED) segment is likely to have a huge demand due to the upcoming deployment across the power sector. The growing demand for high voltage across commercial buildings and industries to operate machines is rapidly boosting the requirement for IEDs to reduce losses during distribution and optimizing efficiency.
By geography, Asia Pacific is estimated to have a lucrative growth due to the growing demand of rural electrification resulting in new projects, energy efficiency and smart power infrastructure in developing nations such as China and India in this region. Furthermore, favourable initiatives from governments in countries such as India, China and Japan have led the demand across the entire region.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company Profiling with detailed strategies, financials and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Substation Automation Market, By Type
5.1 Introduction
5.2 Distribution Substations
5.3 Transmission Substations
6 Global Substation Automation Market, By Module
6.1 Introduction
6.2 Communication Networks
6.2.1 Wireless Communication
6.2.2 Wired Communication
6.3 Intelligent Electronic Devices (IED)
6.4 Supervisory Control and Data Acquisition (SCADA) Systems
7 Global Substation Automation Market, By Installation Type
7.1 Introduction
7.2 New Installations
7.3 Retrofit Installations
8 Global Substation Automation Market, By Offering
8.1 Introduction
8.2 Hardware
8.2.1 Capacitor Banks
8.2.2 Digital Transducer
8.2.3 Load Tap Changers
8.2.4 Programmable Logic Controllers
8.2.5 Protective Relays
8.2.6 Recloser Controllers
8.2.7 Smart Meters
8.3 Services
8.3.1 Upgrades & Retrofits
8.3.2 Installation & Commissioning
8.3.3 Repair, Testing, & Maintenance
8.3.4 Training & Development
8.4 Software
8.4.1 Production Management
8.4.2 Performance Management
8.4.3 Asset Management
9 Global Substation Automation Market, By Communication Channel
9.1 Introduction
9.2 Optical Fiber Communication
9.3 Copper Wire Communication
9.4 Ethernet
9.5 Power Line Communication
10 Global Substation Automation Market, By End User
10.1 Introduction
10.2 Mining
10.3 Oil and Gas
10.4 Steel
10.5 Transportation
10.6 Utility
10.6.1 Renewables
10.6.1.1 Wind Projects
10.6.1.2 Solar Projects
10.6.2 Non-Renewables
11 Global Substation Automation Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Novatech LLC
13.2 Crompton Greaves
13.3 Siemens AG
13.4 General Electric
13.5 Cisco Systems, Inc.
13.6 Schneider Electric
13.7 Eaton Corporation PLC
13.8 Honeywell International, Inc.
13.9 Schweitzer Engineering Laboratories, Inc.
13.10 ABB Ltd.
13.11 Igrid T&D
13.12 Cadillac Automation and Controls
13.13 I-Tor
13.14 Tekvel
13.15 Yamal Lng
For more information about this report visit https://www.researchandmarkets.com/r/sre5jl
View source version on businesswire.com: https://www.businesswire.com/news/home/20201210005413/en/