Market Overview:
The global substation automation and integration 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 electricity, growing investments in smart grid infrastructure, and rising concerns about energy security. The substation automation and integration market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into substation equipment and power distribution equipment. The substation equipment segment is further divided into switchgear, transformers, protection relays & meters, communication systems & software; while power distribution equipment includes circuit breakers/switches/fuses/metering devices etcetera). On the basis of application, the market is divided into industrial sector (manufacturing plants & process industries), business sector (commercial buildings such as hospitals offices etc.), residential sector (multi-family dwellings such as apartments or condos), and others (government institutions or utilities). Regionally speaking North America dominates this space with Europe following closely behind it owing to early adoption rates in these regions followed by Asia Pacific which has been registering high growth rates over recent years due to increased investments in smart grid infrastructure projects across countries such as China India Japan South Korea Australia Singapore Malaysia Thailand Vietnam Philippines Indonesia Taiwan Republic Of Korea And Hong Kong SAR Of China .
Product Definition:
Substation Automation and Integration is the use of systems and software to control, monitor, and optimize the performance of substations. The importance of Substation Automation and Integration is that it can help utilities improve reliability, increase efficiency, reduce costs, and support a smarter grid.
Substation Equipment:
Substation equipment is used to convert the AC power from transmission and distribution system into low voltage DC power suitable for use in substation automation and integration. The global substation equipment market size was valued at USD 8.5 billion in 2016, growing at a CAGR of XX% over the forecast period.
Power Distribution Equipment:
Power distribution equipment is used to convert the AC power from a utility into an appropriate range of voltages and currents for usage in various industries. It includes switches, transformers, generators, meters and circuit breakers among others. The market for power distribution equipment is expected to witness significant growth over the forecast period owing to increasing electricity consumption across the globe along with rising government initiatives towards sustainable development.
Application Insights:
The industrial sector accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The growing demand for electric power, coupled with an increase in investments for automation of electrical generation and distribution, is anticipated to drive growth over the forecast period.
The residential sector was valued at USD 1,252.5 million in 2016 owing to increasing number of installations across developed economies such as U.K., Germany, France and Italy where high-end residential systems are widely used owing to higher safety requirements set by regulatory bodies such as NEDA (National Electric Data Association).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in various sectors, such as industrial and commercial, for automation of substations. Increasing demand for electricity in emerging economies due to rapid urbanization and growing population is also a major factor driving regional market growth.
The European region accounted for more than 25% of global revenue share in 2017 owing to high investments made by governments across Europe for upgrading existing infrastructure with advanced technologies at a faster pace compared with other regions. Moreover, growing adoption of renewable energy sources has led power distribution equipment manufacturers across Europe to develop innovative solutions based on renewable energy sources such as wind and solar power generation systems that are further expected to drive the overall industry demand over the next eight years.
North America occupied significant revenue share within the global industry space owing its large presence of manufacturing facilities involved in industries including oil & gas; chemicals; food & beverage; automotive etc.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of smart grids and substations by utilities to improve reliability and efficiency
- Proliferation of renewable energy sources such as solar and wind, which require more sophisticated substation automation systems for integration
- Aging infrastructure that needs modernization and replacement
- Growing concern about cybersecurity threats to the electrical grid
Scope Of The Report
Report Attributes
Report Details
Report Title
Substation Automation and Integration Market Research Report
By Type
Substation Equipment, Power Distribution Equipment
By Application
Industrial Sector, Business Sector, Residential Sector
By Companies
ABB, ABB Tropos Networks, Alstom, Amperion, Automated Control Concepts, Beijing Sifang Automation, Black & Veatch, BPL Global, Cisco Systems, Dashiell, Eaton, Cooper Power Systems, Encore Networks, Freescale Semiconductor, General 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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Substation Automation and Integration Market Report Segments:
The global Substation Automation and Integration market is segmented on the basis of:
Types
Substation Equipment, Power Distribution Equipment
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
Industrial Sector, Business Sector, Residential Sector
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
- ABB Tropos Networks
- Alstom
- Amperion
- Automated Control Concepts
- Beijing Sifang Automation
- Black & Veatch
- BPL Global
- Cisco Systems
- Dashiell
- Eaton
- Cooper Power Systems
- Encore Networks
- Freescale Semiconductor
- General Electric
Highlights of The Substation Automation and Integration 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:
- Substation Equipment
- Power Distribution Equipment
- By Application:
- Industrial Sector
- Business Sector
- Residential Sector
- 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 Substation Automation and Integration 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
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- 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?
Substation automation and integration is the process of integrating substations into an electrical grid. This allows for more efficient use of energy, as well as improved safety.
Some of the key players operating in the substation automation and integration market are ABB, ABB Tropos Networks, Alstom, Amperion, Automated Control Concepts, Beijing Sifang Automation, Black & Veatch, BPL Global, Cisco Systems, Dashiell, Eaton, Cooper Power Systems, Encore Networks, Freescale Semiconductor, General Electric.
The substation automation and integration market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Substation Automation and Integration 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 Substation Automation and Integration Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Substation Automation and Integration 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 Substation Automation and Integration 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 Substation Automation and Integration Market Size & Forecast, 2020-2028
4.5.1 Substation Automation and Integration Market Size and Y-o-Y Growth
4.5.2 Substation Automation and Integration Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Substation Equipment
5.2.2 Power Distribution Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial Sector
6.2.2 Business Sector
6.2.3 Residential Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Substation Automation and Integration 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 Substation Automation and Integration 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Substation Equipment
9.6.2 Power Distribution Equipment
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 Market Size Forecast by Applications
9.10.1 Industrial Sector
9.10.2 Business Sector
9.10.3 Residential Sector
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Substation Equipment
10.6.2 Power Distribution Equipment
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 Market Size Forecast by Applications
10.10.1 Industrial Sector
10.10.2 Business Sector
10.10.3 Residential Sector
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Substation Equipment
11.6.2 Power Distribution Equipment
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 Market Size Forecast by Applications
11.10.1 Industrial Sector
11.10.2 Business Sector
11.10.3 Residential Sector
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Substation Equipment
12.6.2 Power Distribution Equipment
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 Market Size Forecast by Applications
12.10.1 Industrial Sector
12.10.2 Business Sector
12.10.3 Residential Sector
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Substation Equipment
13.6.2 Power Distribution Equipment
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) Market Size Forecast by Applications
13.10.1 Industrial Sector
13.10.2 Business Sector
13.10.3 Residential Sector
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 Substation Automation and Integration Market: Competitive Dashboard
14.2 Global Substation Automation and Integration Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 ABB Tropos Networks
14.3.3 Alstom
14.3.4 Amperion
14.3.5 Automated Control Concepts
14.3.6 Beijing Sifang Automation
14.3.7 Black & Veatch
14.3.8 BPL Global
14.3.9 Cisco Systems
14.3.10 Dashiell
14.3.11 Eaton
14.3.12 Cooper Power Systems
14.3.13 Encore Networks
14.3.14 Freescale Semiconductor
14.3.15 General Electric
