Substation Automation Market: 3-Key Growth Scenarios

Substation Automation Market Latest Edition Published with Forecast to 2027


According to the report, Increasing demand for retrofitting conventional substations is one of the primary growth factors for the market. Increasing demand of smart grids is also expected to contribute significantly to the Substation Automation market. Overall, Utility applications of Substation Automation, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Module Type, such as Intelligent electronic devices, is boosting the Substation Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Installation Type, such as Retrofit Installations, is boosting the Substation Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Substation Automation market identified that the demand is rising in many different parts of the world as "Due to increasing adoption of smart grid applications and technology advancement are expected high growth opportunity in this market". Furthermore, some recent industry insights like "In Aug 2018, ABB announced upgradation of world’s largest substation, which equipped with digital technology to enhance controllability and reliability while optimizing operation costs." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Substation Automation market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Substation Automation market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

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