Allied Market Research

2024

Electric Substation Integration And Monitoring Technology Market

Electric Substation Integration and Monitoring Technology Market Size, Share, Competitive Landscape and Trend Analysis Report by Offering (Hardware, Software), by Technology (Wired Communication Technology, Wireless Communication), by Sector (Transmission, Distribution) and by End Use (Oil Gas, Mining, Transportation, Utility , Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Vineet Kumar
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Electric Substation Integration and Monitoring Technology Market Outlook-2026

Electric substation integration and monitoring is a technology that works on the real-time data. It is used for monitoring the flow of electricity, which is transmitted at high voltage and low current to reduce the heat and other transmission losses. Substation monitoring involves significant data from the parameters attached to substation assets such as transformers, conductors, and circuit breaker among others. The substation monitoring system has following functions such as it involves data acquisition from each asset through appropriated sensor, data storage and processing at substation level, and integration of data from different substations into the general maintenance management system of the utility.

The electric substation integration and monitoring technology market is expected to witness growth due to increase in demand for reduction in transmission and distribution losses. Automated substations provide the necessary information that is required or, say needed to maintain uninterrupted power. Substation automation is the integration of smart electrical equipment that has the ability to monitor their functionality. For example, circuit breakers are able to measure their contact resistance and acknowledge proper maintenance diagnostics. Automated substations consist of microprocessor-based relays, circuit breakers, transformers, and motor-operated air switches, which are processed by graphical interface unit that can easily be accessed remotely. Thus, all these factors are highly responsible for electric substation integration and monitoring technology market growth.

Factors such as increase in financial initiatives by the government for the promotion of monitoring technologies, enhancing Iot-based communication network, and rise in need for reduction in transmission and distribution losses drive the growth of the electric substation integration and monitoring technology market. However, high cost for the installation of wireless sensor networks and IEDs restrains the market growth. Furthermore, growth in demand for renewable energy projects provides lucrative opportunities for the market growth.

The electric substation integration and monitoring technology market is segmented into offering, technology, sector, end use, and region. Based on offering, the market is bifurcated into hardware and software. By technology, it is divided into wired communication technology and wireless communication. Based on sector, the market is categorized into transmission and distribution. By end use, it is segregated into oil & gas, mining, transportation, utility, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the electric substation integration and monitoring technology industry are ABB, Honeywell, Siemens, Schneider Electric, Emerson Electric, General Electric, Schweitzer Engineering Laboratories, Eaton, NovaTech and Crompton Greaves. These key players focus on R&D activities related to electric substation integration and monitoring technologies and adopt various strategies such as acquisition, mergers, collaboration, and others to enhance products in the market.

KEY BENEFITS FOR STAKEHOLDERS

  • This study includes the analytical depiction of the global electric substation integration and monitoring technology market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Electric Substation Integration and Monitoring Technology Market Report Highlights

Aspects Details
Electric Substation Integration and Monitoring Technology Market By Offering
By Offering
  • Hardware
  • Software
Electric Substation Integration and Monitoring Technology Market By Technology
By Technology
  • Wired Communication Technology
  • Wireless Communication
Electric Substation Integration and Monitoring Technology Market By Sector
By Sector
  • Transmission
  • Distribution
Electric Substation Integration and Monitoring Technology Market By End Use
By End Use
  • Oil & Gas
  • Mining
  • Transportation
  • Utility 
  • Others
Electric Substation Integration and Monitoring Technology Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Crompton Greaves, Schneider Electric, ABB, Honeywell, Eaton, Schweitzer Engineering Laboratories, Emerson Electric, NovaTech, General Electric, Siemens

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Electric Substation Integration And Monitoring Technology Market

Global Opportunity Analysis and Industry Forecast, 2023-2032