Market Overview:
The global power grid automation systems market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for smart grids and rising concerns over energy security. On-grid automation systems are expected to account for the majority of the market share in 2018, owing to their widespread adoption for communications, IT & telecom, and smart grid applications. Off-grid automation systems are projected to grow at a higher CAGR during the forecast period as they are increasingly being adopted for military and remote applications. North America is estimated to hold the largest share of the global power grid automation systems market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Power Grid Automation Systems are used to manage, monitor and control the flow of electricity from generating stations to consumers. They are important because they help ensure that the power grid is running smoothly and that outages are minimized.
On-Grid Automation Systems:
On-grid automation systems are used to increase the efficiency of power plants by reducing fuel usage and emissions. These systems can be utilized in various power generation plants including coal, gas, oil & gas and renewable energy.
Off-Grid Automation Systems:
Off-grid automation systems are used in power grid automation systems to provide a stable power supply. These off-grid automation systems are designed for remote locations where the primary energy source is not available. It provides an alternative source of energy which can be utilized to meet the electricity demand of end users in absence of grid connection.
The growing population and increasing urbanization have resulted in augmenting electricity demand across the world, especially from developing countries such as India, China.
Application Insights:
The communications segment dominated the global power grid automation systems market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for data communication services, especially across remote areas, is anticipated to be a key factor driving the segment growth.
Communications are vital for ensuring effective management of power grids and distribution networks as they provide crucial information regarding system operations such as voltage levels & alarms related issues concerning equipment maintenance. Automation solutions help reduce human errors during critical operations of power grids by providing real-time data on grid conditions through advanced analytics coupled with machine learning techniques. This helps operators make better decisions pertaining to system management thereby enhancing overall efficiency of these infrastructures.
Regional Analysis:
North America accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing investments in automation, favorable government policies, and growing demand for clean energy generation. Moreover, rising need for better communication infrastructure is anticipated to drive regional market growth over the forecast period.
Asia Pacific power grid automation systems market is expected witness significant growth during the forecast period owing to increasing adoption of smart grid technologies across various countries such as China and India. In addition, rising penetration of renewable energy sources across these countries will further propel industry expansion over next eight years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of smart grids and grid modernization initiatives worldwide
- Proliferation of renewable energy sources such as solar and wind power
- Growing concerns over grid security and resilience
- Advances in digital technologies and big data analytics
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Grid Automation Systems Market Research Report
By Type
On-Grid Automation Systems, Off-Grid Automation Systems
By Application
Communications, IT & Telecom, Smart Grid, Others
By Companies
ABB, Siemens, CHINT, National Instruments, GE Gird, Schneider Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Power Grid Automation Systems Market Report Segments:
The global Power Grid Automation Systems market is segmented on the basis of:
Types
On-Grid Automation Systems, Off-Grid Automation Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Communications, IT & Telecom, Smart Grid, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- CHINT
- National Instruments
- GE Gird
- Schneider Electric
Highlights of The Power Grid Automation Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Grid Automation Systems
- Off-Grid Automation Systems
- By Application:
- Communications
- IT & Telecom
- Smart Grid
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Power Grid Automation Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Power Grid Automation Systems (PGAS) is a technology that enables the automation of power systems. PGAS can improve system reliability, efficiency, and security.
Some of the major companies in the power grid automation systems market are ABB, Siemens, CHINT, National Instruments, GE Gird, Schneider Electric.
The power grid automation systems market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Grid Automation Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Power Grid Automation Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Grid Automation Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Power Grid Automation Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Power Grid Automation Systems Market Size & Forecast, 2018-2028
4.5.1 Power Grid Automation Systems Market Size and Y-o-Y Growth
4.5.2 Power Grid Automation Systems Market Absolute $ Opportunity
Chapter 5 Global Power Grid Automation Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Power Grid Automation Systems Market Size Forecast by Type
5.2.1 On-Grid Automation Systems
5.2.2 Off-Grid Automation Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Grid Automation Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Power Grid Automation Systems Market Size Forecast by Applications
6.2.1 Communications
6.2.2 IT & Telecom
6.2.3 Smart Grid
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Grid Automation Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Power Grid Automation Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Power Grid Automation Systems Analysis and Forecast
9.1 Introduction
9.2 North America Power Grid Automation Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Power Grid Automation Systems Market Size Forecast by Type
9.6.1 On-Grid Automation Systems
9.6.2 Off-Grid Automation Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Power Grid Automation Systems Market Size Forecast by Applications
9.10.1 Communications
9.10.2 IT & Telecom
9.10.3 Smart Grid
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Power Grid Automation Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Power Grid Automation Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Power Grid Automation Systems Market Size Forecast by Type
10.6.1 On-Grid Automation Systems
10.6.2 Off-Grid Automation Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Power Grid Automation Systems Market Size Forecast by Applications
10.10.1 Communications
10.10.2 IT & Telecom
10.10.3 Smart Grid
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Power Grid Automation Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Grid Automation Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Power Grid Automation Systems Market Size Forecast by Type
11.6.1 On-Grid Automation Systems
11.6.2 Off-Grid Automation Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Power Grid Automation Systems Market Size Forecast by Applications
11.10.1 Communications
11.10.2 IT & Telecom
11.10.3 Smart Grid
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Power Grid Automation Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Grid Automation Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Power Grid Automation Systems Market Size Forecast by Type
12.6.1 On-Grid Automation Systems
12.6.2 Off-Grid Automation Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Power Grid Automation Systems Market Size Forecast by Applications
12.10.1 Communications
12.10.2 IT & Telecom
12.10.3 Smart Grid
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Power Grid Automation Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Grid Automation Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Power Grid Automation Systems Market Size Forecast by Type
13.6.1 On-Grid Automation Systems
13.6.2 Off-Grid Automation Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Power Grid Automation Systems Market Size Forecast by Applications
13.10.1 Communications
13.10.2 IT & Telecom
13.10.3 Smart Grid
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Power Grid Automation Systems Market: Competitive Dashboard
14.2 Global Power Grid Automation Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 CHINT
14.3.4 National Instruments
14.3.5 GE Gird
14.3.6 Schneider Electric
