Substation Automation Market: Industry Trends and Developments 2019–2026

The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

The Substation Automation Market drivers and trends are as follows:

Some of the factors responsible for the growth of the global substation automation market include the rising demand for low-cost substation automation solutions in the solar industry, the growing integration of functions with digital technology to improve grid efficiency in smart cities, and the increasing need for retrofitting conventional substations. The development in the substation automation standard IEC 61850 to enable interoperability among intelligent electronic devices, and rising adoption of fiber optics cables is further energizing the market growth. The power generation companies are concentrating on low-cost substation solution; thus, they are switching from the conventional substation to digital substations, which will surge the growth of the market. On the other hand, high wireless sensor network installation costs and embedded leds in substation increase equipment purchasing costs will hinder the market growth.

Based on the region, the Asia-pacific region is expected to grow at a higher rate during the forecast period. The growing government initiatives in developing countries such as India and China to enhance its power and energy sector will boost the growth of the market. India is targeted to install 175 GW of renewable energy capacity by the year 2022, several schemes organized to increase distribution in utilities, and village electrification programs, among others, are few initiatives taken up by the Government of India. Furthermore, rising investment to propel the manufacturing activities across the developing countries globally is accelerating the industry growth in the Asia-pacific.

To know more about this market, request a sample at https://www.gmiresearch.com/report/substation-automation-market/sample-request

Key Benefits of the Report:

This report offers an analytical depiction of the substation automation market while providing the current trends and future estimations to determine the imminent investment pockets.
This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the substation automation market share.
The report also provides a detailed substation automation market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Substation Automation Market report:

ABB Group
Siemens AG
Rockwell Automation, Inc.
Cisco Systems, Inc.
CG Power and Industrial Solutions Limited
Schneider Electric SE
General Electric
Schweitzer Engineering Laboratories, Inc.
Honeywell International Inc.
Eaton Corporation plc
Novatech LLC
Larsen & Toubro Limited

Segmentation of the Substation Automation Market:

Breakup by Module:

Intelligent Electronic Devices
Communication Networks

Wired Communication
Wireless Communication

SCADA Systems

Breakup by Offering:

Hardware

Smart Meters
Programmable Logic Controllers
Protective Relays
Load Tap Changers
Recloser Controllers
Capacitor Banks
Others

Software

Asset Management
Production Management
Performance Management

Services

Training & Development
Upgrades & Retrofits
Installation & Commissioning
Repair, Testing, & Maintenance

Breakup by Type:

Transmission Substations
Distribution Substations

Breakup by Installation Type:

Retrofit Installation
New Installation

Breakup by Industry:

Utility

Non-Renewables
Renewables

Solar Projects
Wind Projects

Steel
Mining
Oil & Gas
Transportation

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

Request for Customization at https://www.gmiresearch.com/report/substation-automation-market/request-for-customization

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

Contact GMI Research

Company Name: GMI RESEARCH
EUROPE OFFICE: Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate,
Dublin D18 Y3X2, Ireland
Email: [email protected]
Website: https://www.gmiresearch.com