Market Overview:
The global substation monitoring software market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for reliable and efficient power transmission and distribution systems, growing concerns over grid security, and rising investments in smart grid infrastructure. The substation monitoring software market can be segmented on the basis of type into asset management, production management, and performance management. Of these, the asset management segment is expected to account for the largest share of the global substation monitoring software market in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to increasing concerns over grid security and rising investments in smart grid infrastructure worldwide. On the basis of application,the substation monitoring softwaremarket can be divided into oil & gas, steel, utility companies,,and others (including transportation sector).
Product Definition:
A substation monitoring software is a computer program that helps in the collection and analysis of data from electrical substations. The collected data can be used to improve the performance and reliability of the substation, as well as help plan preventive maintenance.
Asset Management:
Asset management is the process of tracking and controlling various assets associated with power generation, transmission & distribution (T&D), oil & gas, manufacturing, etc. The asset management software is used in the T&D sector for monitoring purposes to reduce maintenance costs and improve system reliability. Asset Management Systems (AMS) provide a comprehensive view of all assets including information about location, health status and required maintenance services at a low cost which increases its importance in substation monitoring systems market.
Production Management:
Production management is a tool that helps to monitor the power production from various sources through real-time data. It provides information about the power generation and transmission process, which includes information such as voltage, current, load flow (electricity), energy production (kWh), and other parameters. Production management software has gained popularity in recent years owing to its ability to provide accurate data related to electricity supply for different locations at different times.
Application Insights:
The utility application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for electricity, water and waste management services across countries such as India, China, Australia and New Zealand.
Substation monitoring software has enabled utilities to reduce operating costs by improving asset reliability while accelerating revenue growth through advanced analytics capabilities that deliver critical information from complex systems in real-time. These capabilities enable utilities to make quick decisions based on real-time data thereby driving industry expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electricity along with growing industrialization and urbanization in this region. In addition, rising investments in new power generation projects are anticipated to drive the demand for monitoring software in this region.
The Asia Pacific regional market was valued at USD X million in 2017 and is estimated to expand at a CAGR of XX% from 2018 to 2030 owing high growth opportunities offered by developing economies such as China, India, Indonesia, Malaysia etc., which have been witnessing strong economic growth over the past few years (see Figure 1).
In addition, countries such as Japan are also contributing significantly towards industry expansion due to increasing adoption of these systems across various industries including manufacturing & automotive and utilities sector (see Figure 2).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of smart grids and substations
- Growing concerns about grid security and reliability
- Proliferation of renewable energy sources such as solar and wind power
- Increased focus on energy efficiency and conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Substation Monitoring Software Market Research Report
By Type
Asset Management, Production Management, Performance Management
By Application
Oil & Gas, Steel, Utility, Others
By Companies
ABB (Switzerland), Honeywell (US), Siemens (Germany), Schneider Electric (France), Emerson Electric (US), General Electric (US), Eaton(Ireland), Schweitzer Engineering Laboratories (US), NovaTech (UK), Crompton Greaves (India)
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Substation Monitoring Software Market Report Segments:
The global Substation Monitoring Software market is segmented on the basis of:
Types
Asset Management, Production Management, Performance Management
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
Oil & Gas, Steel, Utility, 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 (Switzerland)
- Honeywell (US)
- Siemens (Germany)
- Schneider Electric (France)
- Emerson Electric (US)
- General Electric (US)
- Eaton(Ireland)
- Schweitzer Engineering Laboratories (US)
- NovaTech (UK)
- Crompton Greaves (India)
Highlights of The Substation Monitoring Software 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:
- Asset Management
- Production Management
- Performance Management
- By Application:
- Oil & Gas
- Steel
- Utility
- 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 Monitoring Software 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
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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 monitoring software is a computer program that helps utilities monitor their substations. It collects data from the substation and sends it to the utility's management system. The software can also help identify problems with the substation and make recommendations for fixing them.
Some of the major players in the substation monitoring software market are ABB (Switzerland), Honeywell (US), Siemens (Germany), Schneider Electric (France), Emerson Electric (US), General Electric (US), Eaton(Ireland), Schweitzer Engineering Laboratories (US), NovaTech (UK), Crompton Greaves (India).
The substation monitoring software 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 Substation Monitoring Software 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 Monitoring Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Substation Monitoring Software 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 Monitoring Software 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 Monitoring Software Market Size & Forecast, 2020-2028
4.5.1 Substation Monitoring Software Market Size and Y-o-Y Growth
4.5.2 Substation Monitoring Software 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 Asset Management
5.2.2 Production Management
5.2.3 Performance Management
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 Oil & Gas
6.2.2 Steel
6.2.3 Utility
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Substation Monitoring Software 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 Monitoring Software 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 Asset Management
9.6.2 Production Management
9.6.3 Performance Management
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 Oil & Gas
9.10.2 Steel
9.10.3 Utility
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 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 Asset Management
10.6.2 Production Management
10.6.3 Performance Management
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 Oil & Gas
10.10.2 Steel
10.10.3 Utility
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 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 Asset Management
11.6.2 Production Management
11.6.3 Performance Management
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 Oil & Gas
11.10.2 Steel
11.10.3 Utility
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 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 Asset Management
12.6.2 Production Management
12.6.3 Performance Management
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 Oil & Gas
12.10.2 Steel
12.10.3 Utility
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) 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 Asset Management
13.6.2 Production Management
13.6.3 Performance Management
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 Oil & Gas
13.10.2 Steel
13.10.3 Utility
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 Substation Monitoring Software Market: Competitive Dashboard
14.2 Global Substation Monitoring Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB (Switzerland)
14.3.2 Honeywell (US)
14.3.3 Siemens (Germany)
14.3.4 Schneider Electric (France)
14.3.5 Emerson Electric (US)
14.3.6 General Electric (US)
14.3.7 Eaton(Ireland)
14.3.8 Schweitzer Engineering Laboratories (US)
14.3.9 NovaTech (UK)
14.3.10 Crompton Greaves (India)
