Substation Automation Market Estimation, Dynamics, Trends, Competitor Analysis and Forecast 2022-2029

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Substation Automation Market was valued USD 48.21 Bn in 2022 and is expected to reach US$ 73.94 Bn by 2029, at CAGR of 6.3% during forecast period of 2022 to 2029.

Substation Automation Market Overview:

The Substation Automation market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Substation Automation Market, as well as the causes for variances in the industry's growth in various places.

Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

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Drivers:

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.

Segmentation:

by Module

SCADA
Intelligent electronic devices
Communication Network Technology

by Type

Transmission substations
Distribution substations

by Component

Reclose Controller
Programmable Logical Controller
Capacitor Bank Controller
Digital Transducer/Smart Meter
Load Tap Controller
Communication Channel
Digital Relays

by End-User

Utility
Steel
Mining
Oil and gas
Transportation

by Channel

Ethernet
Power Line Communication
Copper Wire Communication
Optical Fiber Communication

Key Players: The key players are

1. Schneider Electric
2. EATON Corp.
3. Tropos Network
4. Encore Networks
5. Grid Net
6. ABB Ltd.
7. Siemens AG
8. General Electric
9. Cisco Systems, Inc.
10.Eaton Corporation Plc.
11.Crompton Greaves Ltd.
12.Larsen & Toubro Limited
13.Verson Electric Pvt. Ltd.
14.Trilliant Holdings, Inc.
15.Encore Networks
16.Cooper Industries
17.Power System Engineering, Inc.
18.Texas Instruments
19.Axiomtek Co. Ltd
20.Toshiba Corporation
21.Ametek

Middle East & Africa
• Lesaffre Middle East and Africa (United Arab Emirates)
• Puratos Middle East and Africa (United Arab Emirates)
• DSM Food Specialties MEA FZE (United Arab Emirates)

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Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Substation Automation market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Substation Automation Market: The report also includes a detailed analysis of COVID-19 on the Substation Automation market.

Key Questions Answered in the Substation Automation Market Report are:

  • Which sub-segment had the largest share in the Substation Automation market?
  • How is the competitive landscape of the Substation Automation market in 2020?
  • Which are the key drivers impacting the Substation Automation market growth?
  • Which region holds the maximum share in the Substation Automation market?
  • What will be the CAGR of the Substation Automation market during the forecast period (2021-2027)?

 

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