Substation Automation Market with COVID-19 impact analysis by Offering (Hardware, Software, Services), Type (Transmission, Distribution), Installation Type, End-use Industry, Component, Communication, and Region - Global Forecast to 2026
[246 Pages Report] The global substation automation market is estimated to be USD 54.2 billion by 2026 from USD 39.9 billion in 2021 (estimated year), at a CAGR of 6.3% between 2021 and 2026. The growth of the substation automation market is fueled by surging requirement to retrofit conventional substations, rising use of digital technology to improve grid efficiency in smart cities, increasing demand for electric and hybrid vehicles, and increasing focus on upgrading IEC 61850 standard to resolve interoperability issue among intelligent electronic devices deployed in substations. Moreover, escalating demand for data centers to support rapidly expanding digital activities due to COVID-19-led lockdown globally.
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COVID-19 Impact on the Global Substation Automation Market
The substation automation market includes major Tier 1 and 2 suppliers like Hitachi ABB Power Grids, Siemens Energy, General Electric, Cisco, Schneider Electric, Eaton Corporation, Honeywell, Schweitzer Engineering Laboratories, NovaTech Automation, and CG Power and Industrial Solutions. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, and RoW. Substation automation products and solutions supplied by these companies are used by end-user industries such as utilities, steel, oil & gas, mining and transportation. Covid-19 not only impacted the operations of the substation automation market players, but also affected the businesses of companies from the above-mentioned industries. Governments worldwide have cut down their spending on various areas to focus more on improving healthcare infrastructure; therefore, the demand for substation automation products and solutions from national grid projects is expected to shrink. Also, as commercial spaces in most parts of the world would run at a significantly low capacity in 2020 and 2021; electricity consumption is expected to decline considerably, and electric utilities might observe a delay in upgrading their grid infrastructure. All these factors are expected to negatively impact the substation automation market.
Substation Automation Market Dynamics
Driver: Increasing investments in smart cities and smart grid infrastructure development projects
Substation automation helps reduce operational and maintenance costs and increase plant productivity using enhanced technologies. It also ensures high performance, reliability, and safety of electrical power network performing interlocking and smart load shedding functions. Smart grids can reduce energy losses during transmission and distribution, improve reliability and productivity, manage energy demand smartly and cost-effectively. Considering all these benefits, heavy investments are being made for the development of smart grids across the world. For instance, in May 2018, Natural Resource Canada announced an investment of USD 949,000 for a next-generation smart grid project. The grid project focuses on promoting the adoption of renewable sources of energy and the implementation of technology to integrate new sources of clean energy without compromising the stability and reliability of existing grids. The Government of Germany is making multiple initiatives to completely digitalize various operations in the railways sector; for example, the automatic operation of trains on the mainline network using automated substations. According to the International Railway Journal, the Government of Germany has invested USD 80 million in developing digital applications to increase the network capacity.
Restraint: High initial installation cost of IEDs in substations
The initial phase of automating the substation is capital-intensive, which may restrain the growth of the global substation automation market. The increasing use of advanced technologies such as microprocessor and service-oriented architecture (SOA) and the rising requirement to embed several IEDs in substations have increased the purchase costs of these substations. Additionally, an effective deployment of smart substations requires strong coordination across customary organizational boundaries, significant process change, and rigorous governance. High investments for fruitful deployment of smart substations could add to the governments’ economic burden. High operational and maintenance costs after the deployment are also a big concern for utility providers.
Opportunity: Huge prospects for substation automation market due to increasing investments in renewable energy projects to meet growing energy demand
Solar and wind are currently the mainstream options in the power sector, with most countries generating more than 20% of their electricity using solar and wind energy sources. According to the International Energy Agency (IEA), the share of renewable sources in world electricity generation reached 25% in 2019. By 2050, renewable power will be able to provide the bulk of global power demand, which would be approximately 86%. Companies across the world are focusing on investing into sustainable energy infrastructure than that of in fossil fuels. According to the IEA’s World Energy Investment 2020report, total investment in renewable energy sources amounted to USD 259 billion and USD 226 billion in 2019 and 2020, respectively. The decline in 2020 was much because of the economic crisis due to the outbreak of the COVID-19 pandemic. Countries worldwide are trying to come up with new renewable projects for electricity generation. They are also investing in solar and wind projects to meet the growing demand for electricity and minimize the environmental impacts, along with investments in generating power using non-renewable sources at the same time.
Challenges: Slowdown in power generation industry with outbreak of COVID-19
The pandemic of COVID-19 has slowed the growth of the power generation industry during 2020. Electricity demand has been depressed by 20% during periods of full lockdown in several countries. With this decrease in power demand, there has been very few investments from utilities for automating substations in 2020. Though utilities have started to function completely after the lockdown period, a slow growth in substation automation is expected during the first half of 2021 due to the economic crisis faced by various end-user industries. COVID-19 is having a negative impact on the renewables energy sector. China was primarily impacted due to COVID-19 and is the main global producer of many clean energy technologies, such as solar panels, wind turbines, and batteries. Since COVID-19 has delayed deliveries from China, renewable energy companies are not able to comply with deadlines for equipment installation. For instance, in India alone, 3,000 MW of solar and wind energy projects are delayed due to the lockdown. BYD (China), the world’s leading producer of rechargeable batteries, was unable to test new models of rechargeable batteries due to the pandemic, and this has led to a reduction in delivery volumes of rechargeable batteries in the European market.
Hardware accounted for the largest market share of the substation automation market in 2020
The market growth can be attributed to the introduction of the IEC 61850 standard for substations, which enables the incorporation of all control, measurement, and monitoring functions in one protocol and facilitates interoperability between intelligent electronic devices (IEDs). The demand for substation automation systems is also driven by the increasing need to retrofit conventional substations for the incorporation of modern-day monitoring and control capabilities. Various government bodies and companies across the world are planning to install SCADA systems in their substations. SCADA systems are increasingly being adopted by utilities and heavy industries to achieve improved control and complete view of substations, leading to an increase in operational efficiency.
New installations expected to be the fastest growing segment of the substation automation market, by installation type in 2026
The substation automation market for new installations is expected to grow at a high CAGR as the demand for new power stations and smart grids in different industries is growing rapidly, and the need for automation, IEDs, advanced communication technologies, HMIs, and SCADA systems is also growing steadily. New installations also offer greater operational safety and reliability and require lower maintenance. Leading companies have introduced several new installation projects in the substation automation market to boost the power flow, enhance electric reliability, improve the quality of energy supply, and upgrade the power infrastructure. For example, in July 2018, GE signed a contract with Botswana Power Corporation (BPC) for the design, supply, installation, testing, and commissioning of a SCADA/Energy Management system at the principal grid control centers in Botswana Power Corporation’s (BPC) headquarters in Gaborone and the backup control center in Francistown.
Utilities: The largest segment of substation automation market, by end-user industry
Utilities is the largest segment of the substation automation market at present, and a similar trend is likely to be observed in the near future. The market growth can be attributed to the increasing government initiatives towards modernization of power grids and growing investments towards power generation through renewable sources. According to the World Energy Investment 2020 report published by the International Energy Agency (IEA), total investment in renewable sources of power amounted to USD 259 billion and USD 226 billion for 2019 and 2020, respectively. In the current scenario, the demand for substation automation solutions is more in the wind industry; government organizations and power generation companies join hands to bring automation in wind farm projects. In June 2019, General Electric (GE) signed a contract with DTEK to supply high-voltage equipment for the 150 kV central power distribution station and two 150/35/10 kV substations, which would ensure the transmission of electricity from the first stage of Prymorska wind farm (Zaporizhia region) to the Ukrainian power grid. The digital substation will be installed at the wind farm.
APAC is projected to be the fastest growing regional market between 2021 and 2026
APAC is expected to exhibit the highest CAGR in the substation automation market during the forecast period. Several initiatives have been taken by various governments in APAC countries to improve the power and energy sector, driving the growth of the substation automation market. The Government of India has launched several schemes to revive power distribution utilities and electrify villages. The Indian government is following the smart infrastructure vision in its country. The smart power infrastructure includes digitization of the grid, which helps distribute uninterrupted electricity to the industrial, residential, and commercial end users. Additionally, in 2020, the Government of China invested USD 31 billion to modernize its grid infrastructure by installing automated substations. Similarly, countries such as Indonesia and South Korea are also investing in grid modernization projects. For instance, in November 2019, CG Power Systems Indonesia, a subsidiary of CG Power and Industrial Solutions (CG), was awarded a contract from the Indonesian state utility—PT PLN (Persero)—to manufacture and supply 25 units of power transformers valued at USD 24 million. The order will support PLN’s ambitious goal to enhance its transmission grid performance. All these factors are placing substation automation market in APAC towards a positive growth trajectory.
The outbreak of COVID-19 has disrupted the supply chain of IED manufacturers. The delays caused by the changed circumstances are likely to increase the cost of production of various power components during the forecast period as the price for procuring raw materials will increase due to the shortage of raw material supply. The supply chain of electronic devices is complex and depends on several suppliers from disparate locations to be in synchronization with each other. The shortage of even a single component can hold up an entire production line, resulting in inventory and cashflow backlogs. Unless the entire supply chain of the IEDs market is operational and functioning smoothly, their production is challenged and constrained. This is expected to negatively impact the substation automation market.
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Key Market Players
The substation automation market is dominated by key globally established players such as Hitachi ABB Power Grids (Switzerland), Siemens Energy (Germany), General Electric (US), Schneider Electric (France), and Cisco (US).
These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, contracts, and mergers and acquisitions to strengthen their position in the market.
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|
Report Metric |
Details |
|
Market Size Available for Years |
2017–2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021–2026 |
|
Forecast Unit |
Value (USD Million/Billion) |
|
Segments Covered |
By Offering, By Type, By Installation Type, By End-user Industry, By Component, By Communication, and By Region |
|
Geographic Regions Covered |
North America, Europe, APAC, and RoW |
|
Companies Covered |
The major players include Hitachi ABB Power Grids (Switzerland), Siemens Energy (Germany), General Electric (US), Cisco (US), and Schneider Electric (France) (Total 25 companies) |
This report categorizes the substation automation market based on offering, type, installation type, component, communication, end-user industry, and region
By Offering:
- Hardware
- Software
- Services
By Type:
- Transmission Substations
- Distribution Substations
By Installation Type:
- New Installations
- Retrofit Installations
By End-user Industry:
- Utilities
- Steel
- Oil & Gas
- Mining
- Transportation
By Component:
- IEDs
- Communication Networks
- SCADA Systems
By Communication:
- Ethernet
- Power Line Communication
- Copper Wire Communication
- Optical Fiber Communication
By Region:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Recent Developments
- In January 2021, SEL launched the new SEL-3350 Automation Controller designed for applications that require midlevel I/O and computation. SEL-3350 can withstand harsh environments in utility substations, industrial control systems, and automation systems.
- In December 2020, Hitachi ABB Power Grids launched the new Remote Terminal Unit (RTU) 530 that extends the life of existing power distribution networks and supports the migration to modern technologies with enhanced security features, including secure communication, encryption, and security logging.
- In November 2020, Siemens Energy was contracted by Kuwait’s Ministry of Electricity and Water (MEW) to provide maintenance of 116 high-voltage substations. The advanced maintenance services provided to these substations will help maximize performance, lower operating costs, and deliver better and more reliable network operations for the Ministry of Electricity in Kuwait.
- In November 2020, Schneider Electric acquired a controlling stake in ETAP Automation Inc. (Dubai), the leading software platform for electrical power systems modeling and simulation, to accelerate and improve the integration of renewables, microgrids, fuel cells, and battery storage technologies to the power grid. The acquisition would pave the way for green data centers, resilient power grids, and decarbonized transport and energy generation.
- In September 2020, GE was awarded a substation equipment contract to help power the Arctic LNG 2 project in Russia. According to the contract, GE would supply a 110-kV F35 GIS for LNG trains. GE’s compact GIS will help ensure reliable power supply to the project’s production trains.
Frequently Asked Questions (FAQ):
What is the current size of the global substation automation market?
The global substation automation market is estimated to be USD 39.9 billion in 2021 and is projected to reach 54.2 billion by 2026, growing at a CAGR of 6.3% during the forecast period. The substation automation market exhibits a lucrative growth potential during the forecast period owing to the rising need to optimize assets and reduce operation costs in the long term.
Who are the winners in the global substation automation market?
Companies such as Hitachi ABB Power Grids (Switzerland), Siemens Energy (Germany), General Electric (US), Cisco (US), and Schneider Electric (France) fall under the winner’s category. These companies cater to the requirements of their customers by providing technologically advanced IEDs and software solutions with a presence in majority of countries. Moreover, these companies have a strong and reliable distribution network which gives them an edge over other industry players.
What are the opportunities for the existing players and for those who are planning to enter various stages of the substation automation value chain?
There are various opportunities for the existing players to enter the value chain of the substation automation industry. Some of these include the rising use of digital technology to improve grid efficiency in smart cities, increasing investments in renewable energy projects, and increasing demand for electric and hybrid vehicles.
What is the COVID-19 impact on substation automation market?
COVID-19 sent both demand-side and supply-side shocks across the global economy. Leading substation automation product and solution providers, such as Cisco (US) and Schneider Electric (France), have incurred significant losses owing to the pandemic. Both companies have reported a decline of approximately 15% and 13%, respectively, in their 2020 half-year revenue compared to the previous year. The impact of COVID-19 may last until June 2021. The situation is almost similar in both emerging and developed economies. As of January 2021, the US and India became the worst COVID-hit countries. Several renewable energy projects in the above-mentioned regions were delayed because of the reduction in power demand from various end-user industries. With the decrease in power demand, it is estimated that there would be negligible investments from the utilities for building new power plants.
What are some of the regulatory changes in the market?
Recently, in December 2020, the US Senate passed the American Energy Innovation Act (AEIA) that focuses on making modifications in the domestic energy laws, strengthening the country’s energy security, investing in clean energy technologies, and increasing its international competitiveness. Key provisions of the act include energy efficiency, renewable energy, energy storage, and grid modernization without compromising security. Also, the Federal Energy Regulatory Commission (FERC) proposes incentives for public utilities toward voluntary cybersecurity investments. Modernization of the grid infrastructure would create a demand for efficient IEDs and SCADA systems, thereby driving the substation automation market growth in North America. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 30)
1.1 STUDY OBJECTIVES
1.2 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 SUBSTATION AUTOMATION 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 substation automation 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 SUBSTATION AUTOMATION MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYERS IN SUBSTATION AUTOMATION MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF SUBSTATION AUTOMATION 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 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 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET IN 2021
FIGURE 11 SUBSTATION AUTOMATION MARKET, BY TYPE, 2021–2026 (USD BILLION)
FIGURE 12 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET IN 2026
FIGURE 14 APAC TO REGISTER HIGHEST CAGR IN SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET, BY END-USER INDUSTRY
FIGURE 16 UTILITIES INDUSTRY TO ACCOUNT FOR LARGEST MARKET SIZE FROM 2021 TO 2026
4.3 SUBSTATION AUTOMATION MARKET, BY INSTALLATION TYPE
FIGURE 17 LARGER MARKET SHARE WILL BE CAPTURED BY RETROFIT INSTALLATIONS IN 2026
4.4 SUBSTATION AUTOMATION MARKET, BY UTILITIES INDUSTRY
FIGURE 18 RENEWABLES SEGMENT TO EXHIBIT HIGHER CAGR IN SUBSTATION AUTOMATION MARKET DURING FORECAST PERIOD
4.5 SUBSTATION AUTOMATION MARKET, BY OFFERING AND REGION
FIGURE 19 NORTH AMERICA AND APAC WOULD BE MOST FAVORABLE REGIONS FOR SUBSTATION AUTOMATION MARKET IN 2026
5 MARKET OVERVIEW (Page No. - 60)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET RESTRAINTS: IMPACT ANALYSIS
5.2.3 OPPORTUNITIES
5.2.3.1 Huge prospects for substation automation 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 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET ECOSYSTEM
TABLE 2 SUBSTATION AUTOMATION MARKET: ECOSYSTEM
5.7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 32 SUBSTATION AUTOMATION MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 3 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET, BY OFFERING
TABLE 11 SUBSTATION AUTOMATION MARKET, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 12 SUBSTATION AUTOMATION MARKET, BY OFFERING, 2021–2026 (USD BILLION)
7.2 HARDWARE
FIGURE 47 SUBSTATION AUTOMATION MARKET, BY HARDWARE
TABLE 13 SUBSTATION AUTOMATION MARKET, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 14 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET, BY SOFTWARE
TABLE 17 SUBSTATION AUTOMATION MARKET FOR SOFTWARE, BY REGION, 2017–2020 (USD BILLION)
TABLE 18 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR SERVICES, BY REGION, 2017–2020 (USD BILLION)
TABLE 20 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET, BY TYPE
TABLE 21 SUBSTATION AUTOMATION MARKET, BY TYPE, 2017–2020 (USD BILLION)
TABLE 22 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR TRANSMISSION SUBSTATIONS, BY REGION, 2017–2020 (USD BILLION)
TABLE 24 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR DISTRIBUTION SUBSTATIONS, BY REGION, 2017–2020 (USD BILLION)
TABLE 26 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET DURING FORECAST PERIOD
TABLE 27 SUBSTATION AUTOMATION MARKET, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 28 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2017–2020 (USD BILLION)
TABLE 30 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR NEW INSTALLATIONS, BY REGION, 2017–2020 (USD BILLION)
TABLE 32 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET, BY END-USER INDUSTRY
FIGURE 55 UTILITIES INDUSTRY TO LEAD SUBSTATION AUTOMATION MARKET FROM 2021 TO 2026
TABLE 33 SUBSTATION AUTOMATION MARKET, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 34 SUBSTATION AUTOMATION MARKET, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
11.2 UTILITIES
FIGURE 56 SUBSTATION AUTOMATION MARKET FOR UTILITIES INDUSTRY, BY ENERGY SOURCE
TABLE 35 SUBSTATION AUTOMATION MARKET FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 36 SUBSTATION AUTOMATION MARKET FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2021–2026 (USD BILLION)
TABLE 37 SUBSTATION AUTOMATION MARKET FOR UTILITIES INDUSTRY, BY REGION, 2017–2020 (USD BILLION)
TABLE 38 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR UTILITIES INDUSTRY, BY RENEWABLE ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 40 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR STEEL INDUSTRY, BY REGION, 2017–2020 (USD BILLION)
TABLE 42 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR MINING INDUSTRY, BY REGION, 2017–2020 (USD BILLION)
TABLE 44 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD BILLION)
TABLE 46 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET FOR TRANSPORTATION INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 48 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET, 2021–2026
FIGURE 59 NORTH AMERICA TO ACCOUNT FOR LARGEST SIZE OF SUBSTATION AUTOMATION MARKET DURING FORECAST PERIOD
TABLE 49 SUBSTATION AUTOMATION MARKET, BY REGION, 2017–2020 (USD BILLION)
TABLE 50 SUBSTATION AUTOMATION MARKET, BY REGION, 2021–2026 (USD BILLION)
12.2 NORTH AMERICA
FIGURE 60 NORTH AMERICA: SNAPSHOT OF SUBSTATION AUTOMATION MARKET
FIGURE 61 CANADA WOULD BE FASTEST-GROWING MARKET FOR SUBSTATION AUTOMATION FROM 2021 TO 2026
TABLE 51 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION)
TABLE 52 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION)
TABLE 53 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 54 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
TABLE 55 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD BILLION)
TABLE 56 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD BILLION)
TABLE 57 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 58 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
TABLE 59 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 60 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD BILLION)
TABLE 61 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY COMMUNICATION NETWORK, 2017–2020 (USD BILLION)
TABLE 62 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 63 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA, BY HARDWARE, 2021–2026 (USD BILLION)
TABLE 64 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 65 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2021–2026 (USD BILLION)
TABLE 66 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA IN UTILITIES INDUSTRY, BY RENEWABLE ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 67 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET IN NORTH AMERICA
FIGURE 62 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR SUBSTATION AUTOMATION MARKET IN NORTH AMERICA
12.3 EUROPE
FIGURE 63 EUROPE: SNAPSHOT OF SUBSTATION AUTOMATION MARKET
FIGURE 64 GERMANY TO CAPTURE LARGEST SIZE OF SUBSTATION AUTOMATION MARKET DURING FORECAST PERIOD
TABLE 68 SUBSTATION AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION)
TABLE 69 SUBSTATION AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION)
TABLE 70 SUBSTATION AUTOMATION MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 71 SUBSTATION AUTOMATION MARKET IN EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
TABLE 72 SUBSTATION AUTOMATION MARKET IN EUROPE, BY TYPE, 2017–2020 (USD BILLION)
TABLE 73 SUBSTATION AUTOMATION MARKET IN EUROPE, BY TYPE, 2021–2026 (USD BILLION)
TABLE 74 SUBSTATION AUTOMATION MARKET IN EUROPE, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 75 SUBSTATION AUTOMATION MARKET IN EUROPE, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
TABLE 76 SUBSTATION AUTOMATION MARKET IN EUROPE, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 77 SUBSTATION AUTOMATION MARKET IN EUROPE, BY OFFERING, 2021–2026 (USD BILLION)
TABLE 78 SUBSTATION AUTOMATION MARKET IN EUROPE, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 79 SUBSTATION AUTOMATION MARKET IN EUROPE, BY HARDWARE, 2021–2026 (USD BILLION)
TABLE 80 SUBSTATION AUTOMATION MARKET IN EUROPE FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 81 SUBSTATION AUTOMATION MARKET IN EUROPE FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2021–2026 (USD BILLION)
TABLE 82 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET IN EUROPE
FIGURE 65 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR SUBSTATION AUTOMATION MARKET IN EUROPE
12.4 APAC
FIGURE 66 APAC: SNAPSHOT OF SUBSTATION AUTOMATION MARKET
FIGURE 67 INDIA TO EXHIBIT HIGHEST CAGR IN SUBSTATION AUTOMATION MARKET DURING FORECAST PERIOD
TABLE 84 SUBSTATION AUTOMATION MARKET IN APAC, BY COUNTRY, 2017–2020 (USD BILLION)
TABLE 85 SUBSTATION AUTOMATION MARKET IN APAC, BY COUNTRY, 2021–2026 (USD BILLION)
TABLE 86 SUBSTATION AUTOMATION MARKET IN APAC, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 87 SUBSTATION AUTOMATION MARKET IN APAC, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
TABLE 88 SUBSTATION AUTOMATION MARKET IN APAC, BY TYPE, 2017–2020 (USD BILLION)
TABLE 89 SUBSTATION AUTOMATION MARKET IN APAC, BY TYPE, 2021–2026 (USD BILLION)
TABLE 90 SUBSTATION AUTOMATION MARKET IN APAC, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 91 SUBSTATION AUTOMATION MARKET IN APAC, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
TABLE 92 SUBSTATION AUTOMATION MARKET IN APAC, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 93 SUBSTATION AUTOMATION MARKET IN APAC, BY OFFERING, 2021–2026 (USD BILLION)
TABLE 94 SUBSTATION AUTOMATION MARKET IN APAC, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 95 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET IN APAC FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2021–2026 (USD BILLION)
TABLE 98 SUBSTATION AUTOMATION MARKET IN APAC, BY RENEWABLE ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 99 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET IN APAC
FIGURE 68 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR SUBSTATION AUTOMATION MARKET IN APAC
12.5 ROW
TABLE 100 SUBSTATION AUTOMATION MARKET IN ROW, BY REGION, 2017–2020 (USD BILLION)
TABLE 101 SUBSTATION AUTOMATION MARKET IN ROW, BY REGION, 2021–2026 (USD BILLION)
TABLE 102 SUBSTATION AUTOMATION MARKET IN ROW, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
TABLE 103 SUBSTATION AUTOMATION MARKET IN ROW, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
TABLE 104 SUBSTATION AUTOMATION MARKET IN ROW, BY TYPE, 2017–2020 (USD BILLION)
TABLE 105 SUBSTATION AUTOMATION MARKET IN ROW, BY TYPE, 2021–2026 (USD BILLION)
TABLE 106 SUBSTATION AUTOMATION MARKET IN ROW, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
TABLE 107 SUBSTATION AUTOMATION MARKET IN ROW, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
TABLE 108 SUBSTATION AUTOMATION MARKET IN ROW, BY OFFERING, 2017–2020 (USD BILLION)
TABLE 109 SUBSTATION AUTOMATION MARKET IN ROW, BY OFFERING, 2021–2026 (USD BILLION)
TABLE 110 SUBSTATION AUTOMATION MARKET IN ROW, BY HARDWARE, 2017–2020 (USD BILLION)
TABLE 111 SUBSTATION AUTOMATION MARKET IN ROW, BY HARDWARE, 2021–2026 (USD BILLION)
TABLE 112 SUBSTATION AUTOMATION MARKET IN ROW FOR UTILITIES INDUSTRY, BY ENERGY SOURCE, 2017–2020 (USD BILLION)
TABLE 113 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET IN ROW
FIGURE 69 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR SUBSTATION AUTOMATION MARKET IN ROW
13 COMPETITIVE LANDSCAPE (Page No. - 171)
13.1 INTRODUCTION
FIGURE 70 KEY GROWTH STRATEGIES OF LEADING PLAYERS IN SUBSTATION AUTOMATION MARKET BETWEEN JANUARY 2017 AND JANUARY 2021
13.2 HISTORICAL REVENUE ANALYSIS OF MAJOR PLAYERS IN SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET: DEGREE OF COMPETITION
TABLE 117 SHARE OF LEADING PLAYERS IN SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET BETWEEN JANUARY 2017 AND JANUARY 2021
13.4.1 PRODUCT LAUNCHES
TABLE 119 SUBSTATION AUTOMATION MARKET: PRODUCT LAUNCHES, JANUARY 2017–JANUARY 2021
13.4.2 DEALS
TABLE 120 SUBSTATION AUTOMATION 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 SUBSTATION AUTOMATION MARKET (GLOBAL), COMPANY EVALUATION MATRIX (2020)
13.6 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS
FIGURE 74 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS IN SUBSTATION AUTOMATION MARKET
13.7 MARKET SHARE/RANK
FIGURE 75 MARKET SHARE/RANK ANALYSIS OF TOP PLAYERS IN SUBSTATION AUTOMATION 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 substation automation 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.
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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 substation automation 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 substation automation 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 substation automation 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
Get in-depth analysis of the COVID-19 impact on the Substation Automation Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Substation Automation Market
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- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Substation Automation Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
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Growth opportunities and latent adjacency in Substation Automation Market
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?
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?
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?
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!
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.