Market Overview:
The global substation automation market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and the need for modernization of aging infrastructure. Additionally, the growing steel, mining, oil and gas, and transportation industries are also contributing to the growth of this market. The transmission substation automation segment is expected to grow at a CAGR of 7% from 2018 to 2030 while the distribution substation automation segment is projected to grow at a CAGR of 5%. The power industry is expected to be the largest application segment for substation automation followed by steel industry, mining industry, oil and gas industry, transportation industry and others.
Product Definition:
Substation automation is the application of computer and communication technologies to the operation of electric substations. It is used to improve reliability, security, and efficiency of the substation while reducing operating costs.
Transmission substations:
Substation automation is the latest trend in the power sector. It has been observing a steady growth rate over the past few years and this trend is expected to continue over the forecast period. The substation plays an important role in transmission system as well as distribution system.
Distribution substations:
Substation automation is the use of electronic devices, software and computer systems to control and monitor the operation of substation equipment. The substation equipment consists of transformers, switchgears, voltage regulators etc. Distribution substations are used in such applications as they provide a means for controlling power flow between two or more circuits without involving any human intervention.
The global distribution substations market size was valued at USD 3.5 billion in 2016.
Application Insights:
The power industry segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growing demand for electricity, particularly in emerging economies including China, India and Brazil is expected to have a positive impact on the global SSA market.
The oil & gas industry has been witnessing significant growth due to technological advancements coupled with efficient management practices. The need for automation of critical processes such as well completions operations and pressure maintenance tasks has driven vendors in this sector adopt innovative solutions such as smart tools that can be remotely controlled or monitored from afar via mobile devices or computers.
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 distribution and transmission infrastructure projects across emerging economies, such as China and India. For instance, in 2016, China’s State Power Investment Corporation (SPIC) had planned for constructing more than 100 new power plants with a total capacity of around 60 GW by 2020. Such investments are anticipated to drive demand for automation solutions in Asia Pacific region over the forecast period.
North America accounted for a significant share of global revenue owing to early adoption of substation automation technologies across various industries within U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of smart grids and substation automation systems by utilities to improve grid reliability and efficiency
- Rising concerns over cyber security threats to the grid, which is driving investments in substation automation systems that are more secure and resilient
- Growing demand for distributed energy resources such as solar PV and wind power, which requires greater coordination between the utility's central control room and local substations
- Advances in digital communications technologies that are making it easier to deploy large-scale substation automation systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Substation Automation Market Research Report
By Type
Transmission substations, Distribution substations
By Application
Power Industry, Steel Industry, Mining Industry, Oil and gas Industry, Transportation Industry, Others
By Companies
Schneider Electric, EATON, Ametek, Tropos, Encore, Grid, 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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Substation Automation Market Report Segments:
The global Substation Automation market is segmented on the basis of:
Types
Transmission substations, Distribution substations
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
Power Industry, Steel Industry, Mining Industry, Oil and gas Industry, Transportation Industry, 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:
- Schneider Electric
- EATON
- Ametek
- Tropos
- Encore
- Grid
- Schneider Electric
Highlights of The Substation Automation 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:
- Transmission substations
- Distribution substations
- By Application:
- Power Industry
- Steel Industry
- Mining Industry
- Oil and gas Industry
- Transportation Industry
- 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 Substation Automation 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 is a process of automating the control and operation of substations. This can include the installation and use of software to manage substation operations, as well as the deployment of sensors and other equipment to monitor substation conditions.
Some of the major companies in the substation automation market are Schneider Electric, EATON, Ametek, Tropos, Encore, Grid, Schneider Electric.
The substation automation 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 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Substation Automation 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 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 Market Size & Forecast, 2020-2028
4.5.1 Substation Automation Market Size and Y-o-Y Growth
4.5.2 Substation Automation 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 Transmission substations
5.2.2 Distribution substations
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 Power Industry
6.2.2 Steel Industry
6.2.3 Mining Industry
6.2.4 Oil and gas Industry
6.2.5 Transportation Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Substation Automation 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 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 Transmission substations
9.6.2 Distribution substations
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 Power Industry
9.10.2 Steel Industry
9.10.3 Mining Industry
9.10.4 Oil and gas Industry
9.10.5 Transportation Industry
9.10.6 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 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 Transmission substations
10.6.2 Distribution substations
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 Power Industry
10.10.2 Steel Industry
10.10.3 Mining Industry
10.10.4 Oil and gas Industry
10.10.5 Transportation Industry
10.10.6 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 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 Transmission substations
11.6.2 Distribution substations
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 Power Industry
11.10.2 Steel Industry
11.10.3 Mining Industry
11.10.4 Oil and gas Industry
11.10.5 Transportation Industry
11.10.6 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 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 Transmission substations
12.6.2 Distribution substations
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 Power Industry
12.10.2 Steel Industry
12.10.3 Mining Industry
12.10.4 Oil and gas Industry
12.10.5 Transportation Industry
12.10.6 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) 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 Transmission substations
13.6.2 Distribution substations
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 Power Industry
13.10.2 Steel Industry
13.10.3 Mining Industry
13.10.4 Oil and gas Industry
13.10.5 Transportation Industry
13.10.6 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 Substation Automation Market: Competitive Dashboard
14.2 Global Substation Automation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 EATON
14.3.3 Ametek
14.3.4 Tropos
14.3.5 Encore
14.3.6 Grid
14.3.7 Schneider Electric
