The global substation automation market is currently witnessing strong growth. Looking forward, the market is expected to register a CAGR of around 5% during 2020-2025.
Rapid industrialization, along with the growing demand for efficient energy management solutions across the globe, represent as the key factors driving the growth of the market. Automated substations regulate voltage fluctuations and are a crucial component of electricity transmission and distribution (T&D) processes that aid in minimizing prolonged outages and overall operational costs.
Furthermore, various technological advancements and the integration of primary equipment with modern sensors, protective relays, programmable logical controllers and digital transducers, are also creating a positive impact on the market growth. Additionally, the emerging trend of smart cities and the widespread adoption of smart grids, especially in the developing countries, is creating a positive outlook for the market.
Other factors, including rising-retrofitting and upgradation of existing substation equipment, implementation of government initiatives promoting substation automation and extensive research and development (R&D) activities, are projected to drive the market further.
The competitive landscape of the industry has also been examined with some of the key players being ABB, Cooper Industries, Eaton Corporation, General Electric, Grid Net, Larsen & Toubro Limited, Power system Engineering, SAE IT-Systems GmbH & Co. KG, Schneider Electric, Siemens AG, Tropos Network Ltd., etc.
Key Questions Answered
How has the global substation automation market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the module?
What is the breakup of the market based on the component?
What is the breakup of the market based on the communication channel?
What is the breakup of the market based on the substation type?
What is the breakup of the market based on the installation type?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global substation market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends