0
2017
Substation Automation Market

Substation Automation Market

by Component (Reclose Controller, Programmable Logical Controller, Capacitor Bank Controller, Digital Transducer/Smart Meter, Load Tap Controller, and Communication Channel), Module (SCADA, IED, and Communication Network Technology), and Communication Channel (Ethernet, Power Line Communication, Copper Wire Communication, and Optical Fiber Communication) - Global Opportunity Analysis and Industry Forecast, 2014-2022
Update Available On-Demand

Report Code: A01592
Pages: 103
Feb 2017 | 11640 Views
Author(s) : Eshan Hira
Tables: 79
Charts: 27
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Substation Automation Market

Request Now !

Substation Automation Market Overview:
Global substation automation market size was valued at $106,891 million in 2015 and is expected to reach $154,876 million by 2022, growing at a CAGR of 5.5% from 2016 to 2022.This market is expected to witness significant growth in forthcoming years as substations are critical part of electrical infrastructure. They perform critical functions such as step-up/step-down voltage regulation and form the basic part of generation, transmission, and distribution systems. The features of substation automation are monitoring and controlling of substation devices using modules such as intelligent electronic devices) (IEDs) and two-way communications through remote access. The aim is to monitor and control the substation instruments to reduce the incidence and duration of power outages.

Substation Automation Market

Global substation automation market is segmented on the basis of module, component, communication channel, and geography. On the basis of component, it is further sub-divided into programmable logic controller, load tap changer, reclose controller, capacitor bank controller, digital transducer, digital relays, communication channel, and others. Based on the communication channel, the market is further segmented into Ethernet, copper wire communication, power line communication, and optical fiber communication. On the basis of geography, the market is divided into North America, Europe, Asia-Pacific, and LAMEA.

Market Segmentation

Substation Automation Market Segmentation

The growth of substation automation market is driven by factors such as rise in electricity demand globally as well as upsurge of smart grids and need of upgradation of the existing networks. However, high cost of installation and cyber-attacks are the factors that hinder the market growth. Irrespective of these challenges, advancement in communication technologies and utilization of renewable & non-conventional energy resources created numerous opportunities for the substation automation market growth.

Market Dynamics

Substation Automation Market Dynamics

The substation automation market is largely driven by the product launch strategy. Agreements & partnerships and merger & acquisition are other prominent strategies adopted by key players always to remain competitive in the market. Almost 30% of the top strategies involved agreements & partnerships with product launches in addition, 20% of the chosen strategies are accounted due to partnerships & agreements with expansions.

Major players in the substation automation industry include Ingeteam, ABB Ltd, Schneider Electric SE, Siemens AG, Amperion Inc, GE Grid Solutions, Cisco Systems Inc, Eaton Technologies Pvt. Ltd, Honeywell International and Schweitzer Engineering Laboratories, Inc.

Top Winning Strategies in the Substation Automation Market (2013-2016)

Substation Automation Market Strategies

Key Benefits for Substation Automation Market

  • This report also provides the detailed quantitative analysis of the current market and estimations throughout 2014-2022, which assists in identifying the prevailing market opportunities.
  • Comprehensive analysis of all regions is provided to determine the prevailing and forthcoming opportunities in these geographies.
  • Key market players are profiled, and their strategies are analyzed thoroughly, which helps in understanding competitive market outlook.
  • Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
  • Exhaustive analysis of the market by modules helps in understanding the substation automation that are currently being used along with the variants that would eventually gain prominence in the future.
  • SWOT analysis highlights the internal environment of the leading companies for effective strategy formulation.

Substation Automation Market Key Segments:

By Module

  • SCADA
  • IED
  • Communication Network Technology

By Component

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

By Communication Channel

  • Ethernet
  • Power Line Communication
  • Copper Wire Communication
  • Optical Fiber Communication

By Geography

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

Loading Table Of Content...


 
 

Substation automation market holds a substantial scope for growth globally. High electricity demand, increasing share of renewable energy as well as replacement of old substation units provide exclusive opportunities for growth of this market. However, no power system is complete without substations and hence most of governments are providing initiatives to setup smart grids. Major segments in substation automation module market are SCADA, IEDs, and communication networks. IEDs occupy major market share owing to their widespread availability and utilization. Substation automation market is dominated by few key players; however, ever-increasing electricity demand provides opportunities for new players once they overcome the technological barriers.

As the power sector is the key indicator of economic growth, countries are investing in strengthening their power infrastructure to meet the growing demand for electricity. Therefore, increasing electricity demand and strong government support for new power projects together with utilization of renewable energy are estimated to fuel the growth of the substation automation market in the forthcoming years. However, cyber threats are a major concern for the market growth.

Currently, communication channel is widely utilized in substation automation, followed by digital relays and programmable logic controller. Globally, the most preferred mode of communication is copper wire communication, but utilization of power line communication is increasing as it carries both data and electrical current.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Substation Automation Market

Start reading instantly.
This Report and over 18,777+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,217
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Feb 2018 - Feb 2019)
  • Data Pack
  • $3,574
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2018 - Feb 2019)
  • Single User
  • $4,999
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2018 - Feb 2019)
  • Five Users
  • $6,004
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2018 - Feb 2019)
  • Enterprise
    License/PDF

  • $9,373
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2018 - Feb 2019)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers