Substation Automation Market by Offering (Hardware, Software, Services), Type (Transmission, Distribution), Installation Type, End-use Industry, Component, Communication, and Region - Global Forecast to 2036
Substation Automation Market Summary
The global Substation Automation Market size is estimated to be valued at approximately USD 38–42 billion and is projected to reach around USD 82–88 billion by 2036, growing at a compound annual growth rate (CAGR) of 7–9% during the forecast period. The market is witnessing robust growth, driven by rapid digital transformation across the energy and utilities sector. The increasing integration of renewable energy sources, modernization of aging grid infrastructure, and rising demand for reliable and efficient power distribution systems are key growth drivers. Additionally, the adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and automation is significantly enhancing grid intelligence, enabling real-time monitoring, predictive maintenance, and improved operational efficiency. Governments and utilities worldwide are prioritizing smart grid initiatives, further accelerating the adoption of substation automation solutions.
Key Market Trends & Insights
The Substation Automation Market is evolving rapidly, influenced by technological innovation and changing energy consumption patterns. North America currently leads the market due to early adoption of smart grid technologies and strong investments in grid modernization. Asia Pacific is emerging as the fastest-growing region, driven by expanding power infrastructure and urbanization in countries like China and India.
The communication networks segment dominates the market due to its critical role in enabling seamless data transmission and real-time control. Emerging technologies such as edge computing, AI-driven analytics, and digital twins are reshaping substation operations. AI and automation are playing a pivotal role in predictive fault detection, reducing downtime, and improving grid reliability. Furthermore, cybersecurity solutions are gaining prominence as digital substations become more interconnected and vulnerable to cyber threats.
Market Size & Forecast
- Base year market size (2025): USD 38–42 billion
- Forecast value by 2036: USD 82–88 billion
- CAGR (2025–2036): 7–9%
- Growth is driven by increasing renewable energy integration, grid modernization, AI-enabled automation, and rising demand for reliable power distribution systems.
Substation Automation Market Top 10 key takeaway
- The market is expected to nearly double in size by 2036 due to digital grid transformation.
- AI and IoT integration are significantly improving operational efficiency and reliability.
- North America dominates due to strong infrastructure and early adoption of smart grids.
- Asia Pacific is the fastest-growing region driven by rapid industrialization and urbanization.
- Communication networks remain the backbone of substation automation systems.
- Renewable energy integration is accelerating demand for advanced substation technologies.
- Cybersecurity solutions are becoming critical due to increased digitalization.
- Cloud-based platforms are enabling remote monitoring and control of substations.
- Utilities are investing heavily in predictive maintenance to reduce operational costs.
- Government initiatives and regulatory support are key drivers of market growth.
Product Insights
The communication networks segment holds a dominant position in the Substation Automation Market, primarily due to its essential role in ensuring seamless connectivity between various substation components. These networks facilitate real-time data exchange, enabling utilities to monitor and control grid operations efficiently. The increasing deployment of fiber optic communication systems and wireless technologies is further strengthening this segment.
Intelligent Electronic Devices (IEDs) are another crucial product category, gaining traction due to their ability to perform advanced monitoring, protection, and control functions. These devices are increasingly integrated with AI-based analytics, allowing predictive fault detection and improved decision-making. Supervisory Control and Data Acquisition (SCADA) systems continue to play a vital role, offering centralized control and visualization of substation operations.
Emerging product categories include digital substations and process bus systems, which eliminate traditional wiring and enhance system flexibility. AI-powered digital substations are gaining momentum as they enable automated decision-making, reduce human intervention, and improve operational safety.
Technology / Component Insights
The Substation Automation Market is being driven by a combination of advanced technologies that enhance efficiency, reliability, and scalability. IoT plays a critical role by enabling real-time data collection from sensors and devices across the grid. This data is analyzed using AI and machine learning algorithms to predict equipment failures, optimize load distribution, and enhance grid stability.
Cloud computing is transforming substation operations by providing scalable data storage and enabling remote monitoring and control. Utilities are increasingly adopting cloud-based platforms to manage large volumes of data generated by digital substations. Automation technologies are reducing manual intervention, improving response times, and minimizing operational risks.
Edge computing is emerging as a key innovation, allowing data processing closer to the source, thereby reducing latency and improving real-time decision-making. Cybersecurity technologies are also gaining importance as substations become more interconnected, ensuring protection against cyber threats and data breaches.
Application Insights
Transmission substations represent the leading application segment, driven by the need to manage high-voltage power efficiently and ensure reliable long-distance electricity transmission. These substations are increasingly adopting automation solutions to enhance grid stability and minimize power losses.
Distribution substations are also experiencing significant growth, fueled by the rising demand for electricity in urban and rural areas. The integration of renewable energy sources such as solar and wind is creating new opportunities for substation automation in distribution networks. Industrial applications, including manufacturing and oil & gas, are adopting automated substations to ensure uninterrupted power supply and improve operational efficiency.
Future opportunities lie in microgrids and smart cities, where automated substations will play a critical role in managing decentralized energy systems and ensuring efficient energy distribution.
Regional Insights
North America leads the Substation Automation Market due to its advanced grid infrastructure, strong regulatory support, and early adoption of smart grid technologies. The region is heavily investing in upgrading aging power infrastructure and integrating renewable energy sources.
Europe follows closely, driven by stringent environmental regulations and a strong focus on renewable energy integration. Countries in the region are actively investing in digital substations to enhance energy efficiency and reduce carbon emissions.
Asia Pacific is the fastest-growing region, supported by rapid urbanization, industrialization, and increasing electricity demand. Governments in countries like China and India are investing heavily in power infrastructure development and smart grid initiatives.
- North America dominates due to advanced infrastructure and high investment levels.
- Europe is driven by sustainability goals and renewable energy adoption.
- Asia Pacific shows the highest growth rate due to expanding power demand.
- Government policies play a crucial role in regional market expansion.
- Increasing electrification in developing regions is boosting demand.
Country-Specific Market Trends
In Asia Pacific, China is leading the adoption of substation automation with a CAGR of 8–10%, driven by large-scale investments in smart grid infrastructure. Japan is focusing on advanced digital substations and disaster-resilient power systems, growing at a CAGR of 6–8%.
In North America, the United States dominates the market with a CAGR of 7–9%, supported by strong investments in grid modernization and renewable integration. Canada is also witnessing steady growth due to government initiatives promoting clean energy, while Mexico is expanding its power infrastructure to meet rising demand.
In Europe, Germany leads with a CAGR of 6–8%, driven by its energy transition policies. France is also investing in smart grid technologies to enhance energy efficiency and reliability.
- China leads APAC with aggressive smart grid investments.
- Japan focuses on resilience and advanced automation technologies.
- The United States dominates North America with strong infrastructure upgrades.
- Canada emphasizes clean energy integration.
- Germany and France drive European market growth through energy transition initiatives.
Key Substation Automation Market Company Insights
The competitive landscape of the Substation Automation Market is characterized by the presence of major global players focusing on innovation, digital transformation, and strategic partnerships. Companies are investing heavily in AI-driven solutions and IoT-enabled systems to enhance grid intelligence and operational efficiency.
Leading players such as ABB Ltd., Siemens AG, Schneider Electric, General Electric, and Hitachi Energy are at the forefront of innovation, offering advanced substation automation solutions. These companies are focusing on developing digital substations, integrating AI analytics, and enhancing cybersecurity features.
Strategic collaborations and partnerships are common, enabling companies to expand their product portfolios and strengthen their market presence. Continuous research and development efforts are driving technological advancements and improving the performance of substation automation systems.
- Companies are investing heavily in AI and IoT technologies.
- Digital substations are a key focus area for innovation.
- Strategic partnerships are driving market expansion.
- Cybersecurity solutions are becoming a priority.
- Continuous R&D is enhancing product capabilities.
Recent Developments
Recent developments in the Substation Automation Market highlight the increasing focus on digital transformation and technological innovation. Several companies have launched AI-enabled substation automation solutions that offer predictive maintenance and real-time analytics capabilities.
Partnerships between technology providers and utilities are becoming more common, aiming to accelerate the deployment of smart grid solutions. Additionally, the integration of cloud-based platforms is enabling remote monitoring and control, improving operational efficiency and reducing costs.
Another notable trend is the development of fully digital substations, which eliminate traditional wiring and enhance system flexibility, reliability, and scalability.
Market Segmentation
The Substation Automation Market is segmented based on product, technology/component, application, and region. By product, the market includes communication networks, SCADA systems, and intelligent electronic devices. By technology/component, it encompasses IoT, AI, cloud computing, and automation solutions. In terms of application, the market is divided into transmission and distribution substations, along with industrial applications. Regionally, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
- Communication networks dominate the product segment.
- AI and IoT are key technology drivers.
- Transmission substations lead the application segment.
- Asia Pacific shows the fastest regional growth.
- Market segmentation highlights diverse growth opportunities.
The Substation Automation Market is poised for significant growth through 2036, driven by the increasing adoption of AI, IoT, and automation technologies. As utilities continue to modernize their infrastructure and integrate renewable energy sources, the demand for advanced substation automation solutions will rise substantially. The shift toward digital substations and smart grids is transforming the energy landscape, offering improved efficiency, reliability, and sustainability.
Businesses operating in this market must focus on innovation, cybersecurity, and strategic partnerships to remain competitive. With strong growth potential and increasing investments, substation automation is set to play a critical role in shaping the future of the global energy sector.
FAQs
1. What is the current market size of the Substation Automation Market?
The market size is estimated to be around USD 38–42 billion in 2025.
2. What is the expected growth rate of the market?
The market is projected to grow at a CAGR of 7–9% from 2025 to 2036.
3. What are the key drivers of market growth?
Key drivers include AI and IoT integration, grid modernization, renewable energy adoption, and increasing demand for reliable power distribution.
4. Which region leads the market?
North America currently leads the market due to advanced infrastructure and early adoption of smart grid technologies.
5. Who are the key players in the market?
Major companies include ABB Ltd., Siemens AG, Schneider Electric, General Electric, and Hitachi Energy.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 30)
1.1 STUDY OBJECTIVES
1.2 SUBSTATION AUTOMATION MARKET DEFINITION
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS
1.2.2 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL
1.2.3 INCLUSIONS AND EXCLUSIONS AT COMPONENT LEVEL
1.2.4 INCLUSIONS AND EXCLUSIONS AT OFFERING LEVEL
1.2.5 INCLUSIONS AND EXCLUSIONS AT TYPE LEVEL
1.2.6 INCLUSIONS AND EXCLUSIONS AT INSTALLATION TYPE LEVEL
1.2.7 INCLUSIONS AND EXCLUSIONS AT COMMUNICATION LEVEL
1.2.8 INCLUSIONS AND EXCLUSIONS AT END-USER INDUSTRY LEVEL
1.2.9 INCLUSIONS AND EXCLUSIONS AT REGIONAL LEVEL
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 37)
2.1 RESEARCH DATA
FIGURE 2 SUBSTATION AUTOMATION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key participants in primary processes across value chain of market
2.1.2.3 Breakdown of primary interviews
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM KEY MARKET PLAYERS IN MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYERS IN MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF MARKET, BY END-USER INDUSTRY
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market size by bottom-up analysis
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size by top-down analysis
FIGURE 7 SUBSTATION AUTOMATION MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET SHARE ESTIMATION
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.5.1 ASSUMPTIONS
2.5.2 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 50)
3.1 SCENARIO ANALYSIS
FIGURE 9 COMPARISON OF PRE- AND POST-COVID-19 MARKET SIZE AND CAGR OF MARKET, BY SCENARIO, 2017–2026
3.1.1 PRE-COVID-19 SCENARIO
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19)
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19)
3.1.4 REALISTIC SCENARIO (POST-COVID-19)
FIGURE 10 HARDWARE OFFERINGS TO ACCOUNT FOR LARGEST SIZE OF MARKET IN 2021
FIGURE 11 MARKET, BY TYPE, 2021–2026 (USD BILLION)
FIGURE 12 MARKET FOR SOLAR ENERGY SOURCE EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
FIGURE 13 UTILITIES INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2026
FIGURE 14 APAC TO REGISTER HIGHEST CAGR IN MARKET FROM 2021 TO 2026
4 PREMIUM INSIGHTS (Page No. - 57)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN SUBSTATION AUTOMATION MARKET
FIGURE 15 AUTOMATED SUBSTATIONS WILL BE ADOPTED AT HIGH RATE DURING FORECAST PERIOD
4.2 MARKET, BY END-USER INDUSTRY
FIGURE 16 UTILITIES INDUSTRY TO ACCOUNT FOR LARGEST MARKET SIZE FROM 2021 TO 2026
4.3 MARKET, BY INSTALLATION TYPE
FIGURE 17 LARGER MARKET SHARE WILL BE CAPTURED BY RETROFIT INSTALLATIONS IN 2026
4.4 MARKET, BY UTILITIES INDUSTRY
FIGURE 18 RENEWABLES SEGMENT TO EXHIBIT HIGHER CAGR IN MARKET DURING FORECAST PERIOD
4.5 MARKET, BY OFFERING AND REGION
FIGURE 19 NORTH AMERICA AND APAC WOULD BE MOST FAVORABLE REGIONS FOR MARKET IN 2026
5 MARKET OVERVIEW (Page No. - 60)
5.1 INTRODUCTION
5.2 SUBSTATION AUTOMATION MARKET DYNAMICS
FIGURE 20 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing investments in smart cities and smart grid infrastructure development projects
5.2.1.2 Escalating demand for data centers to support rapidly expanding digital activities due to COVID-19-led lockdown globally
FIGURE 21 GLOBAL DATA CENTER TRAFFIC, 2016 VS. 2021 (ZETTABYTE)
FIGURE 22 ESTIMATED NUMBER OF HYPERSCALE DATA CENTERS, BY 2021
5.2.1.3 Surging requirement to retrofit conventional substations
5.2.1.4 Rising use of digital technology to improve grid efficiency in smart cities
5.2.1.5 Increasing focus on upgrading IEC 61850 standard to resolve interoperability issue among intelligent electronic devices deployed in substations
FIGURE 23 MARKET DRIVERS: IMPACT ANALYSIS
5.2.2 RESTRAINTS
5.2.2.1 High initial installation cost of IEDs in substations
5.2.2.2 Huge requirement for tremendous capital investment for deployment of wireless sensor networks in substations for oil and gas facilities
FIGURE 24 MARKET RESTRAINTS: IMPACT ANALYSIS
5.2.3 OPPORTUNITIES
5.2.3.1 Huge prospects for market due to increasing investments in renewable energy projects to meet growing energy demand
FIGURE 25 GLOBAL INVESTMENT IN POWER SECTOR, BY ENERGY SOURCE, 2019 VS. 2020 (USD BILLION)
5.2.3.2 Increasing demand for electric and hybrid vehicles
FIGURE 26 GLOBAL ELECTRIC VEHICLE SALES (2015–2020), MILLION UNITS
FIGURE 27 SUBSTATION AUTOMATION MARKET OPPORTUNITIES: IMPACT ANALYSIS
5.2.4 CHALLENGES
5.2.4.1 Vulnerability of smart substations to cyber attacks
5.2.4.2 Slowdown in power generation industry with outbreak of COVID-19
FIGURE 28 MARKET CHALLENGES: IMPACT ANALYSIS
5.3 PRICE TREND ANALYSIS
FIGURE 29 AVERAGE SELLING PRICES OF DIFFERENT HARDWARE COMPONENTS USED IN SUBSTATION AUTOMATION SYSTEMS, 2017–2026
5.4 REGULATORY UPDATE
TABLE 1 RECENT REGULATORY NORMS
5.5 VALUE CHAIN ANALYSIS
FIGURE 30 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING TRANSMISSION PHASE
5.6 ECOSYSTEM ANALYSIS
FIGURE 31 KEY PLAYERS IN MARKET ECOSYSTEM
TABLE 2 SUBSTATION AUTOMATION MARKET: ECOSYSTEM
5.7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 32 MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 3 MARKET: PORTER’S FIVE FORCES ANALYSIS
5.7.1 INTENSITY OF COMPETITIVE RIVALRY
FIGURE 33 INTENSITY OF COMPETITIVE RIVALRY: HIGHLY COMPETITIVE MARKET DUE TO PRESENCE OF SEVERAL GIANT PLAYERS
5.7.2 THREAT OF SUBSTITUTES
FIGURE 34 THREAT OF SUBSTITUTES LIKELY WOULD CONTINUE TO HAVE LOW IMPACT DURING FORECAST PERIOD DUE TO POOR QUALITY OF SUBSTITUTE PRODUCTS
5.7.3 BARGAINING POWER OF BUYERS
FIGURE 35 BARGAINING POWER OF BUYERS LIKELY TO BE LOW DUE TO PRESENCE OF LIMITED NUMBER OF SOLUTION PROVIDERS
5.7.4 BARGAINING POWER OF SUPPLIERS
FIGURE 36 BARGAINING POWER OF SUPPLIERS WOULD BE MODERATE DUE TO MODERATE PRODUCT DIFFERENTIATION
5.7.5 THREAT OF NEW ENTRANTS
FIGURE 37 THREAT OF NEW ENTRANTS WOULD HAVE LOW IMPACT ON MARKET DUE TO REQUIREMENT FOR HUGE CAPITAL
5.8 TECHNOLOGY ANALYSIS
TABLE 4 IMPORTANCE OF IEDS, SCADA SYSTEMS, AND COMMUNICATION NETWORKS
5.8.1 CONVENTIONAL VS. SMART SUBSTATIONS
TABLE 5 COMPARISON OF CONVENTIONAL AND SMART SUBSTATIONS
5.8.2 OVERVIEW OF INTERNATIONAL STANDARD COMMUNICATION PROTOCOLS
5.8.2.1 IEC 61850
5.8.2.2 IEC 61850-8-1
5.8.2.3 IEC 61850-9-2
5.9 PATENT ANALYSIS
5.9.1 DOCUMENT TYPE
TABLE 6 PATENTS FILED
FIGURE 38 PATENTS FILED BETWEEN 2011 AND 2020
5.9.2 PUBLICATION TREND
FIGURE 39 NO. OF PATENTS FILED EACH YEAR BETWEEN 2011 AND 2020
5.9.3 JURISDICTION ANALYSIS
FIGURE 40 JURISDICTION ANALYSIS
5.9.4 TOP PATENT OWNERS
FIGURE 41 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS FROM 2011 TO 2020
TABLE 7 TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS
5.9.5 SCHWEITZER ENGINEERING LABORATORIES
TABLE 8 SOME KEY INNOVATIONS AND PATENT REGISTRATIONS FROM SEL
5.10 TRADE ANALYSIS
FIGURE 42 EXPORT FOR PRODUCTS CLASSIFIED UNDER HS CODE: 853720, BY KEY COUNTRIES, 2015-2019
TABLE 9 EXPORT SCENARIO FOR HS CODE: 853720-BASED PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND)
FIGURE 43 IMPORT FOR PRODUCTS CLASSIFIED UNDER HS CODE: 853720, BY KEY COUNTRIES, 2015-2019
TABLE 10 IMPORT SCENARIO FOR HS CODE: 853720-BASED PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND)
5.11 CASE STUDY ANALYSIS
5.11.1 HITACHI ABB POWER GRIDS FAST-TRACKS GRID CONNECTION TO SERVE DUBLIN’S DATA CENTER BOOM
5.11.2 HYDRO ONE LEADS WAY IN SMART METER DEPLOYMENT WITH TRILLIANT
6 COMPONENTS OF SUBSTATION AUTOMATION SYSTEM (Page No. - 91)
6.1 INTRODUCTION
FIGURE 44 SUBSTATION AUTOMATION MARKET, BY COMPONENT
6.2 INTELLIGENT ELECTRONIC DEVICES
6.2.1 HIGH DEMAND FOR IEDS CAN BE ATTRIBUTED TO INCREASING NUMBER OF SMART GRID INITIATIVES WORLDWIDE
6.3 COMMUNICATION NETWORKS
FIGURE 45 MARKET, BY COMMUNICATION NETWORK
6.3.1 WIRED COMMUNICATION
6.3.1.1 Fiber optic is preferred medium for networking in substation automation because of its flexibility and high speed
6.3.2 WIRELESS COMMUNICATION
6.3.2.1 Wireless communication is possible through microwaves, radio waves, satellites, and general packet radio services
6.4 SCADA SYSTEMS
6.4.1 SURGED DEMAND FOR INDUSTRIAL MOBILITY SOLUTIONS TO EFFICIENTLY MANAGE PROCESS INDUSTRIES TO FOSTER MARKET GROWTH
7 SUBSTATION AUTOMATION MARKET, BY OFFERING (Page No. - 94)
7.1 INTRODUCTION
FIGURE 46 MARKET, BY OFFERING
TABLE 11 MARKET, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 12 MARKET, BY OFFERING, 2021–2026 (USD BILLION)
7.2 HARDWARE
FIGURE 47 MARKET, BY HARDWARE
TABLE 13 MARKET, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 14 MARKET, BY HARDWARE, 2021–2026 (USD BILLION)
FIGURE 48 SHIPMENTS FOR PROTECTIVE RELAYS, RECLOSER CONTROLLERS, AND CAPACITOR BANKS, 2020 VS. 2026 (THOUSAND UNITS)
TABLE 15 MARKET FOR HARDWARE, BY REGION, 2017–2020 (USD BILLION)
TABLE 16 SUBSTATION AUTOMATION MARKET FOR HARDWARE, BY REGION, 2021–2026 (USD BILLION)
7.2.1 SMART METERS
7.2.1.1 Increasing demand for smart meters to regulate energy consumption at utilities
7.2.2 PROGRAMMABLE LOGIC CONTROLLERS
7.2.2.1 Rising adoption of PLCs to meet growing need to monitor crucial process parameters and accordingly adjust process operations
7.2.3 PROTECTIVE RELAYS
7.2.3.1 Surging demand for protective relays from smart substations to detect faults
7.2.4 LOAD TAP CHANGERS
7.2.4.1 Growing requirement of load tap changers to ensure smooth operation of substations
7.2.5 RECLOSER CONTROLLERS
7.2.5.1 Accelerating need for recloser controllers to ensure reliable and safe power operations in substations
7.2.6 CAPACITOR BANKS
7.2.6.1 Escalating demand for automated capacitor banks that are compatible with IEC 61850 communication protocol
7.2.7 OTHERS
7.3 SOFTWARE
FIGURE 49 MARKET, BY SOFTWARE
TABLE 17 MARKET FOR SOFTWARE, BY REGION, 2017–2020 (USD BILLION)
TABLE 18 MARKET FOR SOFTWARE, BY REGION, 2021–2026 (USD BILLION)
7.3.1 ASSET MANAGEMENT
7.3.1.1 Asset management software improves reliability and reduces operational risks
7.3.2 PRODUCTION MANAGEMENT
7.3.2.1 Production management software reduces overall production costs
7.3.3 PERFORMANCE MANAGEMENT
7.3.3.1 Performance management software protects assets from theft and damage
7.4 SERVICES
FIGURE 50 SUBSTATION AUTOMATION MARKET, BY SERVICE
TABLE 19 MARKET FOR SERVICES, BY REGION, 2017–2020 (USD BILLION)
TABLE 20 MARKET FOR SERVICES, BY REGION, 2021–2026 (USD BILLION)
7.4.1 TRAINING AND DEVELOPMENT
7.4.1.1 Training and development enhance workers’ skills related to operations of power grids
7.4.2 UPGRADES AND RETROFITS
7.4.2.1 Upgrade and retrofit services enable substation owners and operators to seek benefits from technological advancements
7.4.3 INSTALLATION AND COMMISSIONING
7.4.3.1 Commissioning process helps utilities deal with potentially volatile situations occurring during substation installation
7.4.4 REPAIR, TESTING, AND MAINTENANCE
7.4.4.1 Maintenance of assets is critical to achieve reliable supply of electricity and ensure compliance with regulations
8 SUBSTATION AUTOMATION MARKET, BY TYPE (Page No. - 106)
8.1 INTRODUCTION
FIGURE 51 MARKET, BY TYPE
TABLE 21 MARKET, BY TYPE, 2017–2020 (USD BILLION)
TABLE 22 MARKET, BY TYPE, 2021–2026 (USD BILLION)
8.2 TRANSMISSION SUBSTATIONS
8.2.1 TRANSMISSION SUBSTATIONS TO ACCOUNT FOR LARGER MARKET SHARE IN 2026
TABLE 23 MARKET FOR TRANSMISSION SUBSTATIONS, BY REGION, 2017–2020 (USD BILLION)
TABLE 24 MARKET FOR TRANSMISSION SUBSTATIONS, BY REGION, 2021–2026 (USD BILLION)
8.3 DISTRIBUTION SUBSTATIONS
8.3.1 DISTRIBUTION SUBSTATIONS TO WITNESS INCREASED DEMAND FROM APAC FROM 2021 TO 2026
TABLE 25 MARKET FOR DISTRIBUTION SUBSTATIONS, BY REGION, 2017–2020 (USD BILLION)
TABLE 26 MARKET FOR DISTRIBUTION SUBSTATIONS, BY REGION, 2021–2026 (USD BILLION)
9 SUBSTATION AUTOMATION MARKET, BY INSTALLATION TYPE (Page No. - 112)
9.1 INTRODUCTION
FIGURE 52 RETROFIT INSTALLATIONS TO HOLD LARGER SHARE OF MARKET DURING FORECAST PERIOD
TABLE 27 MARKET, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 28 MARKET, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
9.2 RETROFIT INSTALLATIONS
9.2.1 INCREASED NEED TO UPGRADE CONVENTIONAL SUBSTATIONS TO IMPROVE OPERATIONAL EFFICIENCY
TABLE 29 MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2017–2020 (USD BILLION)
TABLE 30 MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2021–2026 (USD BILLION)
9.3 NEW INSTALLATIONS
9.3.1 GREATER OPERATIONAL SAFETY AND RELIABILITY AND LOWER MAINTENANCE REQUIREMENT OFFERED BY NEW INSTALLATIONS
TABLE 31 MARKET FOR NEW INSTALLATIONS, BY REGION, 2017–2020 (USD BILLION)
TABLE 32 MARKET FOR NEW INSTALLATIONS, BY REGION, 2021–2026 (USD BILLION)
10 COMMUNICATION TECHNOLOGIES USED IN SUBSTATION AUTOMATION SYSTEMS (Page No. - 117)
10.1 INTRODUCTION
FIGURE 53 COMMUNICATION TECHNOLOGIES USED IN SUBSTATION AUTOMATION SYSTEMS
10.2 ETHERNET
10.2.1 ETHERNET SWITCHES MANAGE DATA TRAFFIC AND REDUCE DATA TRANSMISSION CRASHES
10.3 POWER LINE COMMUNICATION
10.3.1 PLC SOLUTIONS TRANSFORM DISTRIBUTION SYSTEM OPERATORS’ ASSETS INTO HIGHLY CAPABLE SMART GRID INFRASTRUCTURE
10.4 COPPER WIRE COMMUNICATION
10.4.1 COPPER WIRE COMMUNICATION NETWORKS ARE VULNERABLE TO INTRA-SUBSTATION ELECTROMAGNETIC AND RADIOFREQUENCY, GROUND POTENTIAL RISE, AND SIGNAL GROUND LOOP
10.5 OPTICAL FIBER COMMUNICATION
10.5.1 OPTICAL FIBER CABLES ARE USED IN SUBSTATIONS FOR FAST AND SECURE COMMUNICATION
11 SUBSTATION AUTOMATION MARKET, BY END-USER INDUSTRY (Page No. - 120)
11.1 INTRODUCTION
FIGURE 54 MARKET, BY END-USER INDUSTRY
FIGURE 55 UTILITIES INDUSTRY TO LEAD MARKET FROM 2021 TO 2026
TABLE 33 MARKET, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 34 MARKET, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
11.2 UTILITIES
FIGURE 56 MARKET FOR UTILITIES INDUSTRY, BY ENERGY SOURCE
TABLE 35 MARKET FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 36 MARKET FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2021–2026 (USD BILLION)
TABLE 37 MARKET FOR UTILITIES INDUSTRY, BY REGION, 2017–2020 (USD BILLION)
TABLE 38 MARKET FOR UTILITIES INDUSTRY, BY REGION, 2021–2026 (USD BILLION)
11.2.1 NON-RENEWABLES
11.2.1.1 Larger share of non-renewable power sources for utilities segment creating need for digital substations
11.2.2 RENEWABLES
11.2.2.1 Low-cost energy generation using renewable sources leading to adoption of automated substations
FIGURE 57 SUBSTATION AUTOMATION MARKET, BY RENEWABLE
TABLE 39 MARKET FOR UTILITIES INDUSTRY, BY RENEWABLE ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 40 MARKET FOR UTILITIES INDUSTRY, BY RENEWABLE ENERGY SOURCE, 2021–2026 (USD BILLION)
11.2.2.2 Solar
11.2.2.3 Wind
11.3 STEEL
11.3.1 AUTOMATED SUBSTATION SYSTEMS ARE INCREASINGLY BEING USED IN STEEL INDUSTRY TO ENSURE IMPROVED QUALITY AND UNINTERRUPTED POWER SUPPLY
TABLE 41 MARKET FOR STEEL INDUSTRY, BY REGION, 2017–2020 (USD BILLION)
TABLE 42 MARKET FOR STEEL INDUSTRY, BY REGION, 2021–2026 (USD BILLION)
11.4 MINING
11.4.1 MINING PLANTS WITNESS SURGED DEPLOYMENT OF SUBSTATION AUTOMATION SOLUTIONS TO ENSURE ENERGY EFFICIENCY IMPROVEMENT AND COST SAVING
TABLE 43 MARKET FOR MINING INDUSTRY, BY REGION, 2017–2020 (USD BILLION)
TABLE 44 MARKET FOR MINING INDUSTRY, BY REGION, 2021–2026 (USD BILLION)
11.5 OIL & GAS
11.5.1 REDUCED OIL PRICES ARE DISCOURAGING OIL & GAS COMPANIES IN DEVELOPED NATIONS TO INVEST IN DIGITAL SUBSTATIONS
TABLE 45 MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD BILLION)
TABLE 46 MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD BILLION)
11.6 TRANSPORTATION
11.6.1 ACCELERATED IMPLEMENTATION OF AUTOMATED SUBSTATIONS IS OBSERVED IN TRANSPORTATION INDUSTRY TO ENSURE UNINTERRUPTED POWER SUPPLY FOR RAILWAYS AND METROS
TABLE 47 MARKET FOR TRANSPORTATION INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 48 MARKET FOR TRANSPORTATION INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
12 SUBSTATION AUTOMATION MARKET, BY REGION (Page No. - 133)
12.1 INTRODUCTION
FIGURE 58 GEOGRAPHIC SNAPSHOT OF MARKET, 2021–2026
FIGURE 59 NORTH AMERICA TO ACCOUNT FOR LARGEST SIZE OF MARKET DURING FORECAST PERIOD
TABLE 49 MARKET, BY REGION, 2017–2020 (USD BILLION)
TABLE 50 MARKET, BY REGION, 2021–2026 (USD BILLION)
12.2 NORTH AMERICA
FIGURE 60 NORTH AMERICA: SNAPSHOT OF MARKET
FIGURE 61 CANADA WOULD BE FASTEST-GROWING MARKET FOR SUBSTATION AUTOMATION FROM 2021 TO 2026
TABLE 51 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION)
TABLE 52 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION)
TABLE 53 MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 54 MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
TABLE 55 MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD BILLION)
TABLE 56 MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD BILLION)
TABLE 57 MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 58 MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
TABLE 59 MARKET IN NORTH AMERICA, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 60 MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD BILLION)
TABLE 61 MARKET IN NORTH AMERICA, BY COMMUNICATION NETWORK, 2017–2020 (USD BILLION)
TABLE 62 MARKET IN NORTH AMERICA, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 63 MARKET IN NORTH AMERICA, BY HARDWARE, 2021–2026 (USD BILLION)
TABLE 64 MARKET IN NORTH AMERICA FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 65 MARKET IN NORTH AMERICA FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2021–2026 (USD BILLION)
TABLE 66 MARKET IN NORTH AMERICA IN UTILITIES INDUSTRY, BY RENEWABLE ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 67 MARKET IN NORTH AMERICA FOR UTILITIES INDUSTRY, BY RENEWABLE ENERGY SOURCE, 2021–2026 (USD BILLION)
12.2.1 US
12.2.1.1 Utilization of renewable sources for power generation
12.2.2 CANADA
12.2.2.1 Need for replacement of aging electricity infrastructure
12.2.3 MEXICO
12.2.3.1 Liberalization in electricity generation market leading to high competition among energy producers
12.2.4 IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA
FIGURE 62 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR MARKET IN NORTH AMERICA
12.3 EUROPE
FIGURE 63 EUROPE: SNAPSHOT OF MARKET
FIGURE 64 GERMANY TO CAPTURE LARGEST SIZE OF MARKET DURING FORECAST PERIOD
TABLE 68 SUBSTATION AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION)
TABLE 69 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION)
TABLE 70 MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 71 MARKET IN EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
TABLE 72 MARKET IN EUROPE, BY TYPE, 2017–2020 (USD BILLION)
TABLE 73 MARKET IN EUROPE, BY TYPE, 2021–2026 (USD BILLION)
TABLE 74 MARKET IN EUROPE, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 75 MARKET IN EUROPE, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
TABLE 76 MARKET IN EUROPE, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 77 MARKET IN EUROPE, BY OFFERING, 2021–2026 (USD BILLION)
TABLE 78 MARKET IN EUROPE, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 79 MARKET IN EUROPE, BY HARDWARE, 2021–2026 (USD BILLION)
TABLE 80 MARKET IN EUROPE FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 81 MARKET IN EUROPE FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2021–2026 (USD BILLION)
TABLE 82 MARKET IN EUROPE, BY RENEWABLE ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 83 SUBSTATION AUTOMATION MARKET IN EUROPE, BY RENEWABLE ENERGY SOURCE, 2021–2026 (USD BILLION)
12.3.1 UK
12.3.1.1 Strong need to improve grid efficiency and reliability of substation solutions creating demand for automation in utilities
12.3.2 GERMANY
12.3.2.1 Government investment toward modernization of existing grid infrastructure
12.3.3 FRANCE
12.3.3.1 High focus on generating energy using renewable sources to boost demand for substation automation
12.3.4 REST OF EUROPE
12.3.5 IMPACT OF COVID-19 ON MARKET IN EUROPE
FIGURE 65 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR MARKET IN EUROPE
12.4 APAC
FIGURE 66 APAC: SNAPSHOT OF SUBSTATION AUTOMATION MARKET
FIGURE 67 INDIA TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
TABLE 84 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD BILLION)
TABLE 85 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD BILLION)
TABLE 86 MARKET IN APAC, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 87 MARKET IN APAC, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
TABLE 88 MARKET IN APAC, BY TYPE, 2017–2020 (USD BILLION)
TABLE 89 MARKET IN APAC, BY TYPE, 2021–2026 (USD BILLION)
TABLE 90 MARKET IN APAC, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 91 MARKET IN APAC, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
TABLE 92 MARKET IN APAC, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 93 MARKET IN APAC, BY OFFERING, 2021–2026 (USD BILLION)
TABLE 94 MARKET IN APAC, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 95 MARKET IN APAC, BY HARDWARE, 2021–2026 (USD BILLION)
TABLE 96 SUBSTATION AUTOMATION MARKET IN APAC FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 97 MARKET IN APAC FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2021–2026 (USD BILLION)
TABLE 98 MARKET IN APAC, BY RENEWABLE ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 99 MARKET IN APAC, BY RENEWABLE ENERGY SOURCE, 2021–2026 (USD BILLION)
12.4.1 CHINA
12.4.1.1 Rapid development in renewable energy projects
12.4.2 JAPAN
12.4.2.1 Increased focus on rebuilding power grids and substations
12.4.3 SOUTH KOREA
12.4.3.1 High focus on digitalization of grids
12.4.4 INDIA
12.4.4.1 Increased government funding to enhance renewable power generation capacity
12.4.5 AUSTRALIA
12.4.5.1 High focus of country on installation of digital substations in long run
12.4.6 REST OF APAC
12.4.7 IMPACT OF COVID-19 ON MARKET IN APAC
FIGURE 68 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR MARKET IN APAC
12.5 ROW
TABLE 100 SUBSTATION AUTOMATION MARKET IN ROW, BY REGION, 2017–2020 (USD BILLION)
TABLE 101 MARKET IN ROW, BY REGION, 2021–2026 (USD BILLION)
TABLE 102 MARKET IN ROW, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 103 MARKET IN ROW, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
TABLE 104 MARKET IN ROW, BY TYPE, 2017–2020 (USD BILLION)
TABLE 105 MARKET IN ROW, BY TYPE, 2021–2026 (USD BILLION)
TABLE 106 MARKET IN ROW, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 107 MARKET IN ROW, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
TABLE 108 MARKET IN ROW, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 109 MARKET IN ROW, BY OFFERING, 2021–2026 (USD BILLION)
TABLE 110 MARKET IN ROW, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 111 MARKET IN ROW, BY HARDWARE, 2021–2026 (USD BILLION)
TABLE 112 MARKET IN ROW FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 113 MARKET IN ROW FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2021–2026 (USD BILLION)
TABLE 114 SUBSTATION AUTOMATION MARKET IN ROW, BY RENEWABLE ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 115 MARKET IN ROW, BY RENEWABLE ENERGY SOURCE, 2021–2026 (USD BILLION)
12.5.1 MIDDLE EAST & AFRICA
12.5.1.1 Growing need for high-voltage substations in Middle East and Africa
12.5.2 SOUTH AMERICA
12.5.2.1 High dependence of region on hydropower projects for electricity generation
12.5.3 IMPACT OF COVID-19 ON MARKET IN ROW
FIGURE 69 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR MARKET IN ROW
13 COMPETITIVE LANDSCAPE (Page No. - 171)
13.1 INTRODUCTION
FIGURE 70 KEY GROWTH STRATEGIES OF LEADING PLAYERS IN MARKET BETWEEN JANUARY 2017 AND JANUARY 2021
13.2 HISTORICAL REVENUE ANALYSIS OF MAJOR PLAYERS IN MARKET
FIGURE 71 REVENUE ANALYSIS FOR KEY COMPANIES FROM 2015 TO 2019 (USD BILLION)
13.3 MARKET SHARE ANALYSIS OF KEY COMPANIES, 2020
TABLE 116 MARKET: DEGREE OF COMPETITION
TABLE 117 SHARE OF LEADING PLAYERS IN MARKET, 2020
TABLE 118 MARKET RANKING ANALYSIS: SUBSTATION AUTOMATION MARKET, 2020
13.4 COMPETITIVE SCENARIO
FIGURE 72 PRODUCT LAUNCHES EMERGED AS KEY STRATEGY ADOPTED BY PLAYERS IN MARKET BETWEEN JANUARY 2017 AND JANUARY 2021
13.4.1 PRODUCT LAUNCHES
TABLE 119 MARKET: PRODUCT LAUNCHES, JANUARY 2017–JANUARY 2021
13.4.2 DEALS
TABLE 120 MARKET: DEALS, JANUARY 2017–JANUARY 2021
13.5 COMPANY EVALUATION MATRIX, 2020
13.5.1 STAR
13.5.2 PERVASIVE
13.5.3 PARTICIPANT
13.5.4 EMERGING LEADER
FIGURE 73 MARKET (GLOBAL), COMPANY EVALUATION MATRIX (2020)
13.6 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS
FIGURE 74 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS IN MARKET
13.7 MARKET SHARE/RANK
FIGURE 75 MARKET SHARE/RANK ANALYSIS OF TOP PLAYERS IN MARKET
13.8 STARTUP/SME EVALUATION MATRIX, 2020
13.8.1 PROGRESSIVE COMPANIES
13.8.2 RESPONSIVE COMPANIES
13.8.3 DYNAMIC COMPANIES
13.8.4 STARTING BLOCKS
FIGURE 76 SUBSTATION AUTOMATION MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX (2020)
13.9 COMPETITIVE BENCHMARKING
TABLE 121 COMPANY INDUSTRY FOOTPRINT
TABLE 122 COMPANY REGION FOOTPRINT
TABLE 123 COMPANY FOOTPRINT
14 COMPANY PROFILES (Page No. - 196)
14.1 INTRODUCTION
14.2 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
14.2.1 HITACHI ABB POWER GRIDS
TABLE 124 HITACHI ABB POWER GRIDS: BUSINESS OVERVIEW
14.2.2 SIEMENS ENERGY
TABLE 125 SIEMENS ENERGY: BUSINESS OVERVIEW
FIGURE 77 SIEMENS ENERGY: COMPANY SNAPSHOT
14.2.3 GENERAL ELECTRIC
TABLE 126 GENERAL ELECTRIC: BUSINESS OVERVIEW
FIGURE 78 GENERAL ELECTRIC: COMPANY SNAPSHOT
14.2.4 CISCO
TABLE 127 CISCO: BUSINESS OVERVIEW
FIGURE 79 CISCO: COMPANY SNAPSHOT
14.2.5 SCHNEIDER ELECTRIC
TABLE 128 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 80 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
14.2.6 EATON CORPORATION
TABLE 129 EATON CORPORATION: BUSINESS OVERVIEW
FIGURE 81 EATON CORPORATION: COMPANY SNAPSHOT
14.2.7 HONEYWELL
TABLE 130 HONEYWELL: BUSINESS OVERVIEW
FIGURE 82 HONEYWELL: COMPANY SNAPSHOT
14.2.8 SCHWEITZER ENGINEERING LABORATORIES
TABLE 131 SEL: BUSINESS OVERVIEW
14.2.9 NOVATECH AUTOMATION
TABLE 132 NOVATECH AUTOMATION: BUSINESS OVERVIEW
14.2.10 CG POWER AND INDUSTRIAL SOLUTIONS
TABLE 133 CG POWER AND INDUSTRIAL SOLUTIONS: BUSINESS OVERVIEW
FIGURE 83 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
14.3 OTHER IMPORTANT PLAYERS
14.3.1 ITRON
14.3.2 IGRID T&D
14.3.3 CADILLAC AUTOMATION AND CONTROLS
14.3.4 TEKVEL
14.3.5 TRILLIANT
14.3.6 ENCORE NETWORKS
14.3.7 CROSS CANYON ENGINEERING
14.3.8 POWER SYSTEM ENGINEERING
14.3.9 VENSON ELECTRIC
14.3.10 SAE-IT SYSTEMS
14.3.11 ARTECHE
14.3.12 SISCO
14.3.13 MB CONTROL AND SYSTEMS
14.3.14 TESLATECH
14.3.15 SELTA
15 APPENDIX (Page No. - 238)
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
The study involved four major activities in estimating the size of the substation automation market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market’s size. After that, market breakdown and data triangulation were used to estimate the market sizes of segments and sub-segments.
Secondary Research
In the substation automation market report, both top-down and bottom-up approaches have been used to estimate and validate the size of the substation automation market, along with other dependent submarkets. The key players in the market have been identified through secondary research, and their market ranks have been determined through primary and secondary research. This entire research methodology involved studying annual and financial reports of the top players and interviewing experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative). All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that may affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Primary Research
The substation automation market supply chain comprises several stakeholders, such as IED manufacturers, system integrators, consulting service providers, distribution channels, and end-users. The demand side of this market is characterized by utilities and heavy industries; while the supply side is characterized by IED manufacturers, system integrators, and consulting service providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of the primary respondents is provided below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of substation automation market and its segments. The research methodology used to estimate the market size includes the following:
- Key players in the market have been identified through extensive secondary research
- The supply chain and the size of the substation automation market, in terms of value, have been determined through primary and secondary research processes
- Several primary interviews have been conducted with key opinion leaders related to substation automation supply chain, including IED manufacturers, system integrators, and end-users.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size—using the market size estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each segment and subsegment of the market. The data has been triangulated by studying various factors and trends from both demand and supply sides of the substation automation market.
Report Objectives
- To describe and forecast the global substation automation market size, by offering, type, installation type, end-user industry, and region, in terms of value
- To describe and forecast the market size for various segments of the market with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
- To provide detailed information regarding drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the substation automation market
- To provide a value chain analysis of the global substation automation ecosystem, along with critical information about price and technology trend, market map, Porter’s five forces analysis, international and communication protocols, patent and jurisdiction analysis, and case studies
- To describe the impact of COVID-19 on the market
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze growth opportunities for stakeholders in the substation automation market
- To strategically profile key players and comprehensively analyze their position in the market in terms of their market share and core competencies and provide details of the competitive landscape for market leaders
- To analyze various developments such as partnerships, contracts, mergers and acquisitions, and product launches, along with research and development activities, in the global substation automation market
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Geographic Information
- Additional country-level analysis of substation automation market
Generating Response ...
Growth opportunities and latent adjacency in Substation Automation Market
Id like to understand how growth in transmission& distribution at a global level will create opportunities in the substation automation market? What are the requirements/specifications for substations and how are they changing? Channels through which substation systems are purchased and how this might evolve supply chain model of substation system (e.g, product packages, system packages, turnkey solutions) and how this may evolve supply models and channels covered by major players in the system integration market?
Id like to know more details about market players/vendors in this market (market share, major products, value proposition, etc.); typical job-titles/designations of decision makers in-charge of purchasing industrial computers for substations; and trends in the substation automation market.
We would be interested in understanding the size of the substation automation market in the US (and forecast for next 3-5 years); Industry regulations that impact the industrial computers/control systems used in this sector?
I am interested to know key providers of Substation automation solutions in the Europe market and their market share and recent activities in terms of organic and inorganic developments?
My specific interest is RTU , SCADA market. Please let me know what level of information report has specific to this? Also, if possible, please send the sample copy of the report. Thank you!