Global Substation Automation Market Research Report: by Component (Load Tap Controller), Module (Communication Network), Communication Channel (Ethernet, copper wire, power line, and optical fiber communication), Industry (Utility) - Forecast till 2023
Global Substation Automation Market: Synopsis
The detailed report published by Market Research Future (MRFR) projects that the global substation automation market is marked to exhibit notable expansion at a CAGR of 6% during the forecast period from 2017 to 2023. The global Substation Automation Market is also anticipated to reach the market valuation of USD 51 Bn by the end of the review period. High adoption rate of advanced electronic devices, rapid improvement in internet connectivity, increasing demand for technologically advanced solutions, and increased government funding to convert public infrastructures into smart buildings are majorly propelling the growth of the global substation automation market during the assessment period. However, the loss of employment caused due to adoption of automation is restraining the growth of the global substation automation market during the review period.
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Some of the prominent players in the global substation automation market are Schneider Electric (France), Siemens AG (Germany), ABB Group (Switzerland), General Electric (U.S.), Tropos Network (U.S.), EATON Corp. (U.S.), Encore Networks (U.S.), Grid Net (U.S.), Cisco Systems, Inc. (U.S.), Cooper Industries (U.S.), Larsen & Toubro Limited (India), Power System Engineering, Inc. (U.S.), Texas Instruments (U.S.), Axiomtek Co. Ltd (Taiwan),Toshiba Corporation (Japan), Ametek (U.S.), SAE IT-systems GmbH & Co. KG (Germany), among others.
Global Substation Automation Market Segmentation
The global substation automation market has been segmented on the basis of component, module, communication channel, and industry. Based on component, the global substation automation market has been segmented into recloser controller, capacitor bank controller, smart meter, load tap controller and others. Based on module, the global substation automation market has been segmented into SCADA, intelligent electronic device, communication network and others. Based on communication channel, the global substation automation market has been segmented into Ethernet, copper wire communication, power line communication, optical fiber communication and others. Based on industry, the global substation automation market has been segmented into utility, transportation, mining, steel, and others.
Market Research Analysis:
Geographically, the global substation automation market has been segmented into four major regions such as North America, Asia Pacific (APAC), Europe, and the rest of the world. Among these, the North America region commands the major share of the global substation automation market. The factors such as high adoption rate of advanced electronic devices, rapid improvement in internet connectivity, increasing demand for technologically advanced solutions, and increased government funding to convert public infrastructures into smart buildings are majorly propelling the growth of the substation automation market in the North America region. The Asia Pacific (APAC) region is projecting significant growth in the global substation automation market. The factors that are governing the growth of the substation automation market in this region are rapid adoption of advanced technology, development of technologically advanced solutions, improved internet connectivity, and high preference of automation of services in the developing countries such as India, China, Japan and others. High incorporation of technologically advanced solutions and increased government funding for development of automation are majorly fueling the growth of the substation automation market in the Europe region.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Module
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Substation Automation Market
5 Industry Overview Of Global Substation Automation Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
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