Global Substation Automation Market Overview:
Substation automation is an intelligent electrical delivery system that is integrated with communications and information technology to enhance grid operations, improve customer service, lower costs. It refers to using data from intelligent electronic devices, control and automation capabilities within the substation. Substation automation system benefits in the Automatic supervision of interlocks, Graphical presentations of safety procedures and others. Some of the players profiled in the study are ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (United States), Cisco Systems (United States), Schneider Electric (France), Eaton Corporation Plc. (Ireland), Honeywell International (United States), Larsen & Toubro Limited (India), Schweitzer Engineering Laboratories Inc. (United States) and ETAP (United States).
On the basis of geography, the market of Substation Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Module Type, the sub-segment i.e. Intelligent electronic devices will boost the Substation Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Installation Type, the sub-segment i.e. Retrofit Installations will boost the Substation Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing demand of smart grids
- Rising demand for efficient and low-cost solutions in the solar energy sector
Influencing Trend
- Increasing demand for retrofitting conventional substations
Opportunities
- Due to increasing adoption of smart grid applications and technology advancement are expected high growth opportunity in this market
Challenges
- The advancement of technology in the power industry has led to increase in the cyberattacks, which become the barrier in this industry
Key Market Developments:
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.
In Dec 2018, General Electric and JSC VO Elektroapparat announced the launch production of substation automation solutions in Russia, which enable continuous and efficient control of power grids with scalable solutions tailored to specific need of customer.
Target Audience:
Intelligent electronic devices manufacturers, SCADA solution providers and Communication network providers
Major Objectives Focused through this Study
To define, describe, and forecast the Global Substation Automation market on the basis of product [Intelligent electronic devices, Communication Networks and SCADA Systems] , application [Utility, Steel, Mining, Oil and gas and Transportation], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Substation Automation market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Substation Automation industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Crompton Greaves (India), SAE IT-systems (Germany) and CG - Global Pioneer in Electrical Energy.
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Substation Automation market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.