Substation Automation Market Share, Business Strategy, Sales Revenue, Gross Margin Analysis, Emerging Technologies, Opportunities and Industry Estimated to Rise Profitably by Forecast 2023

“Market Research Future”
Market Research Future published a research report on “Global Substation Automation Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 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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Key Players

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: Segmental Analysis

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.

Global Substation Automation Market: Regional 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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Intended Audience

  • Associations, organizations, forums, and alliances
  • Cloud service providers
  • Customer experience solution providers
  • Government bodies and departments
  • Substation automation companies
  • Substation automation providers
  • Technical universities
  • System integrators
  • Managed Security Service Providers
  • Professional service providers
  • Research and development companies
  • Market research and consulting firms
  • Solution providers
  • Technology standards organizations
  • Technology investors
  • System Integrators

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