Substation Automation Market by Module (IEDS, Communication Network, SCADA System), Offering, Type (Transmission, Distribution), Installation Type (Retrofit & New Installation), Industry & Geography - Global Forecast to 2022

[188 Pages Report] The substation automation and integration market was valued at USD 32.53 Billion in 2015 and is expected to reach USD 50.16 Billion by 2022, at a CAGR of 5.97% between 2016 and 2022. The base year considered for the study is 2015 and the market size has been forecasted for the period between 2016 and 2022.

The objective of study is:

• To define, describe, and forecast the global substation automation and integration market on the basis of module, offering, type, installation type, industry, and geography
• To provide a detailed Porter's analysis and market value chain analysis, along with the standards and protocols for the substation automation and integration market
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

The research methodology used to estimate and forecast the substation automation and integration market begins with obtaining data on key vendor revenues through secondary research such as The International Society of Automation and EETimes, among others. The vendor offerings have been taken into consideration to determine the market segmentation. The top-down procedure has been employed to arrive at the overall market size of the global substation automation and integration market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key industry people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

To know about the assumptions considered for the study, download the pdf brochure

The substation automation and integration ecosystem comprises IED suppliers, key communication network companies, SCADA players, and turnkey contractors, including

• IED suppliers:  Schneider Electric (France), EATON Corp. (U.S.), and Ametek (U.S.), among others
• Key communication network companies: Tropos Network (U.S.), Encore Networks (U.S.), and Grid Net (U.S.), among others

This study also answers several questions for the stakeholders such as which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Target Audience:

• Intelligent electronic devices manufacturers
• SCADA solution providers
• Communication network providers
• End users such as the companies operating in the steel, mining, oil and gas, and railway sectors

Scope of the Report:

The global substation automation and integration market, in this research report, has been segmented on the basis of module, offering, type, installation type, industry, and geography.

Substation Automation and Integration Market, by Module:

• Intelligent electronic devices
• Communication networks
• SCADA systems

Substation Automation and Integration Market, by Offering:

• Hardware
• Software
• Services

Substation Automation and Integration Market, by Type:

• Transmission substations
• Distribution substations

Substation Automation and Integration Market, by Installation type:

• Retrofit Installations
• New installations

Substation Automation and Integration Market, by Industry

• Utility
• Steel
• Mining
• Oil and gas
• Transportation

Substation Automation and Integration Market, by Geography:

• Americas
• Europe
• APAC
• RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

• Comprehensive coverage of regulations followed in each region (Americas, Europe,  APAC, and RoW)

Company Information

• Detailed analysis and profiling of additional market players (up to 10)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
                    2.1.1.1 Key Industry Insights
           2.1.2 Secondary Research
                    2.1.2.1 Key Data From Secondary Sources
           2.1.3 Primary Research
                    2.1.3.1 Primary Interviews With Experts
                    2.1.3.2 Breakdown of Primaries
                    2.1.3.3 Key Data From Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 39)
    4.1 Attractive Opportunities in the Substation Automation & Integration Market
    4.2 Substation Automation & Integration Market, By Type
    4.3 Substation Automation & Integration Market, By Geography
    4.4 Substation Automation & Integration Market in APAC, By Industry and Country
    4.5 Substation Automation & Integration Market, By Utility Industry
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 44)
    5.1 Substation Automation and Integration Architecture
           5.1.1 Process Level
           5.1.2 Equipment Protection and Monitoring Level
           5.1.3 Station Level
    5.2 Market Segmentation
           5.2.1 Substation Automation and Integration Market, By Module
           5.2.2 Substation Automation and Integration Market, By Offering
           5.2.3 Substation Automation and Integration Market, By Type
           5.2.4 Substation Automation and Integration Market, By Installation Type
           5.2.5 Substation Automation and Integration Market, By Industry
           5.2.6 Substation Automation and Integration Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for Low-Cost Substation Automation Solutions in the Solar Industry
                    5.3.1.2 Increasing Demand for Retrofitting Conventional Substations
                    5.3.1.3 Integration of Functions With Digital Technology to Improve Grid Efficiency in Smart Cities
                    5.3.1.4 Development in the Iec 61850 Standard to Enable Interoperability Among Intelligent Electronic Devices
                    5.3.1.5 Advantages of Fiber-Optic Cables
           5.3.2 Restraints
                    5.3.2.1 Embedded Ieds in Substations Increase Equipment Purchase Cost
                    5.3.2.2 Wireless Sensor Networks Incur High Capital Expenditure for Installations
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand for Renewable Energy Projects in the Substation Automation Market
                    5.3.3.2 Shift Toward Battery Technology for Electricity Generation Triggering Investments By the Governments in APAC
           5.3.4 Challenges
                    5.3.4.1 Technological Advancements Leading to the Chances of New Malware in the Power Industry
                    5.3.4.2 Lack of Technical Expertise

6 Industry Trends (Page No. - 57)
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Analysis
           6.2.1 Intensity of Competitive Rivalry
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Buyers
           6.2.4 Bargaining Power of Suppliers
           6.2.5 Threat of New Entrants
    6.3 Conventional vs Digital Substations
    6.4 Overview of International Standard Communication Protocols
           6.4.1 Iec 61850
           6.4.2 Iec 61850-8-1
           6.4.3 Iec 61850-9-2
    6.5 Non Conventional Instrument Transformer
           6.5.1 Voltage Instrument Transformer
           6.5.2 Current Instrument Transformer

7 Substation Automation and Integration Market, By Module (Page No. - 67)
    7.1 Introduction
    7.2 Intelligent Electronic Devices
    7.3 Communication Networks
           7.3.1 Wired Communication
           7.3.2 Wireless Communication
    7.4 Scada Systems

8 Substation Automation and Integration Market, By Offering (Page No. - 75)
    8.1 Introduction
    8.2 Hardware
           8.2.1 Smart Meters
           8.2.2 Programmable Logic Controllers
           8.2.3 Protective Relays
           8.2.4 Load Tap Changers
           8.2.5 Recloser Controllers
           8.2.6 Capacitor Banks
           8.2.7 Others
    8.3 Software
           8.3.1 Asset Management
           8.3.2 Production Management
           8.3.3 Performance Management
    8.4 Services
           8.4.1 Training & Development
           8.4.2 Upgrades & Retrofits
           8.4.3 Installation & Commissioning
           8.4.4 Repair, Testing, & Maintenance

9 Substation Automation and Integration Market, By Type (Page No. - 84)
    9.1 Introduction
    9.2 Transmission Substations
    9.3 Distribution Substations

10 Substation Automation and Integration Market, By Installation Type (Page No. - 92)
     10.1 Introduction
     10.2 Retrofit Installation
     10.3 New Installation

11 Substation Automation and Integration Market, By Industry (Page No. - 101)
     11.1 Introduction
     11.2 Utility
             11.2.1 Non-Renewables
             11.2.2 Renewables
                        11.2.2.1 Solar Projects
                        11.2.2.2 Wind Projects
     11.3 Steel
     11.4 Mining
     11.5 Oil & Gas
     11.6 Transportation

12 Geographic Analysis (Page No. - 114)
     12.1 Introduction
     12.2 Americas
             12.2.1 Increasing Investments By the Government to Modernize the Energy Grids
             12.2.2 North America
                        12.2.2.1 Solar and Wind Projects Help to Boost the Earnings in the Substation Automation Market
                        12.2.2.2 U.S.
                                     12.2.2.2.1 Digitalization of Grids in the Power Industry Leads to Increase in the Use of Renewables for Power Generation
                        12.2.2.3 Canada
                                     12.2.2.3.1 Increasing Demand to Replace Aging Electricity Infrastructure
                        12.2.2.4 Mexico
                                     12.2.2.4.1 Liberalization in the Electricity Generation Market Creates More Competition Among Energy Producers
             12.2.3 South America
                        12.2.3.1 Electricity Generation Completely Relies on Hydropower Projects
                        12.2.3.2 Brazil
                                     12.2.3.2.1 Plans to Provide Cost Efficient Substation Automation Solutions Across Various Industries
                        12.2.3.3 Rest of South America
                                     12.2.3.3.1 Focus on Supplying Electricity to Inaccessible Regions
     12.3 Europe
             12.3.1 Upcoming Power Generation Projects Drives More Investment in Substation Automation and Integration Market
             12.3.2 U.K.
                        12.3.2.1 Grid Efficiency and Cost Efficient Substation Solutions Demands Automation in the Utilities
             12.3.3 Germany
             12.3.4 France
                        12.3.4.1 Growth in Renewable Energy Segment Increases the Dependence on Renewables for Power Generation
             12.3.5 Russia
                        12.3.5.1 Huge Potential for Oil & Gas Projects in Russia
             12.3.6 Rest of Europe
                        12.3.6.1 More Investments in Expansion of Utility’s Transmission Network
     12.4 APAC
             12.4.1 Rapid Industrialization and Upcoming Power Utilities Drives the Growth for Substation Automation and Integration Market
             12.4.2 China
                        12.4.2.1 Rapid Development in the Renewable Energy Projects
             12.4.3 Japan
                        12.4.3.1 More Focus on Rebuilding Power Grids and Substations to Reduce Electricity Costs
             12.4.4 India
                        12.4.4.1 Increased Government Funding for Infrastructure Projects to Increase the Power Generation Capacity
             12.4.5 South Korea
                        12.4.5.1 Conversion of Electricity Networks Into Smart Grids Helps in Energy Conservation
             12.4.6 Rest of APAC
                        12.4.6.1 Increasing Demand to Provide Retrofit Automation Solutions to Improve the Reliability of Distribution Networks
     12.5 RoW
             12.5.1 Increasing Demand for Electricity Encourages Smart Grid Installations
             12.5.2 Middle East
                        12.5.2.1 Upgradation in High Voltage Substation Boosts the Power Generation Capacity in Middle East
             12.5.3 Africa
                        12.5.3.1 Upgradation in Power Facilities to Meet the Growing Demand for Electricity

13 Competitive Landscape (Page No. - 139)
     13.1 Overview
     13.2 Ranking of the Top 5 Companies in the Substation Automation and Integration Market
     13.3 Competitive Scenario
     13.4 Recent Developments
             13.4.1 New Product Launches
             13.4.2 Partnerships/Collaborations/Agreements
             13.4.3 Acquisitions
             13.4.4 Expansions

14 Company Profile (Page No. - 147)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     14.1 Introduction
     14.2 ABB Ltd.
     14.3 Siemens AG
     14.4 General Electric
     14.5 Cisco Systems, Inc.
     14.6 Schneider Electric
     14.7 Eaton Corporation PLC
     14.8 Honeywell International, Inc.
     14.9 Schweitzer Engineering Laboratories, Inc.
     14.10 Novatech LLC
     14.11 Crompton Greaves
     14.12 Key Innovators
             14.12.1 Introduction
             14.12.2 Igrid T&D
             14.12.3 Yamal Lng
             14.12.4 I-Tor
             14.12.5 Cadillac Automation and Controls
             14.12.6 Tekvel

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 178)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details

List of Tables (75 Tables)

Table 1 List of Major Secondary Sources
Table 2 Digital Substation Projects, 2015–2016
Table 3 Porter’s Five Forces Analysis: Intensity of Competitive Rivalry Likely to Have A Medium Impact on the Overall Market
Table 4 Comparison Between Conventional and Digital Substation
Table 5 Substation Automation and Integration Market, By Module, 2013–2022 (USD Billion)
Table 6 Substation Automation and Integration Market for Ied Modules, By Type, 2013–2022 (USD Billion)
Table 7 Substation Automation and Integration Market for Communication Network Modules, By Type, 2013–2022 (USD Billion)
Table 8 Substation Automation and Integration Market, By Communication Network Type, 2013–2022 (USD Billion)
Table 9 Substation Automation and Integration Market for Wired Communication Network, By Type, 2013–2022 (USD Billion)
Table 10 Substation Automation and Integration Market for Wireless Communication Network, By Type, 2013–2022 (USD Billion)
Table 11 Substation Automation and Integration Market for Scada System Modules, By Type, 2013–2022 (USD Billion)
Table 12 Substation Automation and Integration Market, By Offering, 2013–2022 (USD Billion)
Table 13 Substation Automation and Integration Market for Hardware Offerings, By Installation Type, 2013–2022 (USD Billion)
Table 14 Substation Automation and Integration Market, By Hardware, 2013–2022 (USD Billion)
Table 15 Substation Automation and Integration Market for Software, By Installation Type, 2013–2022 (USD Billion)
Table 16 Substation Automation and Integration Market for Services, By Installation Type, 2013–2022 (USD Billion)
Table 17 Substation Automation and Integration Market, By Type, 2013–2022 (USD Billion)
Table 18 Market for Transmission Substations, By Installation Type, 2013–2022 (USD Billion)
Table 19 Market for Transmission Substations, By Module, 2013–2022 (USD Billion)
Table 20 Market for Transmission Substations, By Communication Network Type, 2013–2022 (USD Billion)
Table 21 Market for Distribution Substations, By Installation Type, 2013–2022 (USD Billion)
Table 22 Market for Distribution Substations, By Module, 2013–2022 (USD Billion)
Table 23 Market for Distribution Substations, By Communication Network Type, 2013–2022 (USD Billion)
Table 24 Substation Automation and Integration Market, By Installation Type, 2013–2022 (USD Billion)
Table 25 Substation Automation and Integration Market for Retrofit Installations, By Type, 2013–2022 (USD Billion)
Table 26 Substation Automation and Integration Market for Retrofit Installations, By Offering, 2013–2022 (USD Billion)
Table 27 Substation Automation and Integration Market for Retrofit Installations, By Industry, 2013–2022 (USD Billion)
Table 28 Substation Automation and Integration Market for Retrofit Installations, By Utility Industry, 2013–2022 (USD Billion)
Table 29 Substation Automation and Integration Market for Retrofit Installations, By Renewable, 2013–2022 (USD Billion)
Table 30 Substation Automation and Integration Market for New Installations, By Type, 2013–2022 (USD Billion)
Table 31 Substation Automation and Integration Market for New Installations, By Offering, 2013–2022 (USD Billion)
Table 32 Substation Automation and Integration Market for New Installations, By Industry, 2013–2022 (USD Billion)
Table 33 Substation Automation and Integration Market for New Installations, By Utility Industry, 2013–2022 (USD Billion)
Table 34 Substation Automation and Integration Market for New Installations, By Renewable, 2013–2022 (USD Billion)
Table 35 Substation Automation and Integration Market, By Industry, 2013–2022 (USD Billion)
Table 36 Substation Automation and Integration Market for the Utility Industry, By Installation Type, 2013–2022 (USD Billion)
Table 37 Substation Automation and Integration Market for the Utility Industry, By Region, 2013–2022 (USD Billion)
Table 38 Substation Automation and Integration Market, By Utility Industry, 2013–2022 (USD Billion)
Table 39 Market for the Utility Industry for Non-Renewables, By Installation Type, 2013–2022 (USD Billion)
Table 40 Market for the Utility Industry for Non-Renewables, By Region, 2013–2022 (USD Billion)
Table 41 Market for the Utility Industry for Renewables, By Installation Type, 2013–2022 (USD Billion)
Table 42 Market for the Utility Industry for Renewables, By Region, 2013–2022 (USD Billion)
Table 43 Market for the Utility Industry, By Renewable, 2013–2022 (USD Billion)
Table 44 Substation Automation and Integration Market for the Steel Industry, By Installation Type, 2013–2022 (USD Billion)
Table 45 Substation Automation and Integration Market for the Steel Industry, By Region, 2013–2022 (USD Billion)
Table 46 Substation Automation and Integration Market for the Mining Industry, By Installation Type, 2013–2022 (USD Billion)
Table 47 Substation Automation and Integration Market for the Mining Industry, By Region, 2013–2022 (USD Billion)
Table 48 Substation Automation and Integration Market for the Oil and Gas Industry, By Installation Type, 2013–2022 (USD Billion)
Table 49 Substation Automation and Integration Market for the Oil and Gas Industry, By Region, 2013–2022 (USD Billion)
Table 50 Substation Automation and Integration Market for the Transportation Industry, By Installation Type, 2013–2022 (USD Billion)
Table 51 Substation Automation and Integration Market for the Transportation Industry, By Region, 2013–2022 (USD Billion)
Table 52 Substation Automation and Integration Market, By Region, 2013–2022 (USD Billion)
Table 53 Americas Substation Automation and Integration Market, By Industry, 2013–2022 (USD Billion)
Table 54 Americas Substation Automation and Integration Market, By Utility Industry, 2013–2022 (USD Billion)
Table 55 Americas Substation Automation and Integration Market, By Renewables, 2013–2022 (USD Billion)
Table 56 Substation Automation and Integration Market, By Americas, 2013–2022 (USD Billion)
Table 57 North America Substation Automation and Integration Market, By Countries, 2013–2022 (USD Billion)
Table 58 South America Substation Automation and Integration Market By Countries, 2013–2022 (USD Billion)
Table 59 Europe: Substation Automation and Integration Market, By Industry, 2013–2022 (USD Billion)
Table 60 Europe: Substation Automation and Integration Market, By Utility Industry, 2013–2022 (USD Billion)
Table 61 Europe: Substation Automation and Integration Market, By Renewables, 2013–2022 (USD Billion)
Table 62 Substation Automation and Integration Market, By Europe, 2013–2022 (USD Billion)
Table 63 APAC Substation Automation and Integration Market, By Industry, 2013–2022 (USD Billion)
Table 64 APAC Substation Automation and Integration Market, By Utility Industry, 2013–2022 (USD Billion)
Table 65 APAC Substation Automation and Integration Market, By Renewables, 2013–2022 (USD Billion)
Table 66 APAC Substation Automation and Integration Market, By Countries, 2013–2022 (USD Billion)
Table 67 RoW Substation Automation and Integration Market, By Industry, 2013–2022 (USD Billion)
Table 68 RoW: Substation Automation and Integration Market, By Utility Industry, 2013–2022 (USD Billion)
Table 69 RoW: Substation Automation and Integration Market, By Renewables, 2013–2022 (USD Billion)
Table 70 Substation Automation and Integration Market, By RoW, 2013–2022 (USD Billion)
Table 71 Top 5 Players in the Substation Automation and Integration Market, 2015
Table 72 New Product Launches, 2013–2015
Table 73 Partnerships/Collaborations/Agreements, 2013–2016
Table 74 Acquisitions, 2013–2014
Table 75 Expansions, 2013–2016

List of Figures (75 Figures)

Figure 1 Substation Automation and Integration Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Substation Automation & Integration Market Expected to Grow at A Moderate Rate During the Forecast Period
Figure 7 Market for Communication Network Modules to Grow at A Higher Rate During the Forecast Period
Figure 8 Substation Automation & Integration Market for Service Offerings to Grow at A Higher Rate Between 2016 and 2022
Figure 9 New Installations to Hold the Larger Size of the Substation Automation & Integration Market By 2022
Figure 10 Market for Utility Industry to Grow at the Highest Rate During the Forecast Period
Figure 11 APAC Led the Substation Automation & Integration Market in 2016
Figure 12 Significant Increase in the Number of Retrofit Installations to Drive the Market for Substation Automation & Integration
Figure 13 Market for Distribution Substations to Grow at A Higher CAGR During the Forecast Period
Figure 14 Substation Automation & Integration Market in India to Grow at the Highest Rate During the Forecast Period
Figure 15 Utility Industry Held the Largest Share of the Substation Automation & Integration Market in APAC in 2016
Figure 16 Solar Projects to Lead the Substation Automation & Integration Market for Renewables By 2022
Figure 17 Substation Automation & Integration Market in APAC in the Growth Stage, 2016
Figure 18 Substation Automation Architecture
Figure 19 Geographical Segmentation of the Substation Automation and Integration Market
Figure 20 Increasing Demand for Retrofitting the Conventional Substations to Drive the Growth of the Substation Automation and Integration Market
Figure 21 More Number of Conventional Substations Being Retrofitted to Upgrade Ageing Infrastructure in North America
Figure 22 Comparative Protocol Usage Pattern Analysis Pertaining to the Substation Automation and Integration Market, 2016
Figure 23 Major Value is Added During the Manufacturing Transmission and Distribution Phase
Figure 24 Impact of Threat of New Entrants Was Low in the Substation Automation and Integration Market in 2016
Figure 25 Substation Automation and Integration Market: Porter’s Five Forces Analysis
Figure 26 Intensity of Competitive Rivalry: High Competition in the Present Market Due to the Presence of Limited Number of Players
Figure 27 Threat of Substitutes Likely to Remain Low During the Forecast Period Due to Low Quality of Substitutes
Figure 28 Bargaining Power of Buyers Likely to Be Low Due to the Availability of Limited Number of Solution Suppliers
Figure 29 Bargaining Power of Suppliers is Likely to Be Medium Due to Low Product Differentiation
Figure 30 Threat of New Entrants Likely to Be Low Due to the High Capital Requirement
Figure 31 Substation Automation and Integration Market, By Module
Figure 32 Substation Automation and Integration Market, By Communication Network
Figure 33 Market for Wired Communication for Distribution Substations Likely to Grow at A Higher Rate During the Forecast Period
Figure 34 Substation Automation and Integration Market, By Offering
Figure 35 Substation Automation and Integration Market, By Hardware
Figure 36 Substation Automation and Integration Market, By Software
Figure 37 Substation Automation and Integration Market, By Service
Figure 38 Substation Automation and Integration Market, By Type
Figure 39 Market for Wireless Communication Networks to Grow at A Higher Rate During the Forecast Period
Figure 40 Market for Communication Networks to Grow at the Highest Rate During the Forecast Period
Figure 41 Substation Automation and Integration Market, By Installation Type
Figure 42 Market for Software Expected to Grow at the Highest Rate During the Forecast Period
Figure 43 Market for Distribution Substations to Grow at A Higher Rate During the Forecast Period
Figure 44 Substation Automation and Integration Market, By Industry
Figure 45 Substation Automation and Integration Market, By Utility
Figure 46 Substation Automation and Integration Market, By Renewable
Figure 47 New Installations to Lead the Substation Automation and Integration Market for the Oil and Gas Industry During the Forecast Period
Figure 48 Substation Automation and Integration Market Segmentation: By Geography
Figure 49 Geographic Snapshot: Substation Automation and Integration Market in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 50 Substation Automation and Integration Market in India is Estimated to Grow at the Highest Rate Between 2016 and 2022
Figure 51 Segmentation: the Americas
Figure 52 Snapshot of the Substation Automation and Integration Market in the Americas
Figure 53 Substation Automation and Integration Market in Mexico to Grow at the Highest Rate During the Forecast Period
Figure 54 Segmentation: Europe
Figure 55 Segmentation: APAC
Figure 56 Snapshot of the Substation Automation and Integration Market in APAC
Figure 57 Segmentation: RoW
Figure 58 Key Growth Strategies Adopted By the Major Market Players Between 2014 and 2016
Figure 59 General Electric Grew Faster Than the Other Top 4 Companies Between 2013 and 2015
Figure 60 Market Evaluation Framework: New Product Launches Fuelled Growth and Innovation Between 2014 and 2016
Figure 61 Battle for Market Share: New Product Launches Was Considered to Be the Key Strategy Between 2013 and 2016
Figure 62 Geographic Revenue Mix of Top Market Players
Figure 63 ABB Ltd.: Company Snapshot
Figure 64 ABB Ltd.: SWOT Analysis
Figure 65 Siemens AG: Company Snapshot
Figure 66 Siemens AG.: SWOT Analysis
Figure 67 General Electric: Company Snapshot
Figure 68 General Electric : SWOT Analysis
Figure 69 Cisco Systems, Inc.: Company Snapshot
Figure 70 Cisco Systems, Inc.: SWOT Analysis
Figure 71 Schneider Electric.: Company Snapshot
Figure 72 Schneider Electric: SWOT Analysis
Figure 73 Eaton Corporation PLC: Company Snapshot
Figure 74 Honeywell International, Inc.: Company Snapshot
Figure 75 Crompton Greaves: Company Snapshot

The substation automation and integration market was valued at USD 32.53 Billion in 2015 and is expected to be valued at USD 50.16 Billion by 2022, at a CAGR of 5.97% between 2016 and 2022. The power generation companies are looking for low-cost substation automation solutions; therefore, the conventional substations are being replaced by digital substations. This is expected to fuel the demand for digital substation projects in the emerging markets such as China, India, South Korea, and Rest of APAC.

The substation automation and integration market, on the basis of module, has been segmented into intelligent electronic devices, communication networks, and SCADA systems. The market for communication networks is expected to grow at a high rate between 2016 and 2022. The market growth can be attributed to the rising demand for low-cost solar projects, which are widely used in distribution substations.

The substation automation and integration market, on the basis of offering, has been segmented into hardware, software, and services. The market for services is expected to grow at a significant rate during the in the coming years. To meet the increasing demand for electricity, the power generation companies are coming up with more number of renewable energy (solar and wind) projects.

The substation automation and integration market, on the basis of type, has been segmented into transmission substations and distribution substations. The market for distribution substations is likely to grow at a high rate in the coming years during. With the increase in demand for electricity, the demand for replacing the aging infrastructure pertaining to power delivery systems is also rising.

The substation automation and integration market, on the basis of installation type, has been segmented into retrofit installations and new installations. The market for retrofit installations is expected to grow at a significant rate between 2016 and 2022. There is an increasing demand to upgrade conventional substations as they help in improving operational efficiency.

The substation automation and integration market, on the basis of industry, has been segmented into utility, steel, mining, oil and gas, and transportation. The market for the utility industry is expected to grow at a high rate between 2016 and 2022. The utility industry is one of the booming application areas pertaining to substation automation and integration, owing to the high demand-supply gap in energy in most of the developing and developed industries. Substation automation systems have a large scope in the utility sector as these systems are used in generating, transmitting, and distributing power. The other factors driving the growth of the market for the utility industry include the modernization of grids and installation of smart grids.

The substation automation and integration market in APAC is expected to grow at a high rate between 2016 and 2022. Several initiatives have been taken up by the Government of India to improve its power and energy sector, which supports the growth of substation automation in APAC. Plans to build renewables with an energy capacity of 175GW by 2022, several schemes organized to revive distribution in utilities, and village electrification programs, among others are some of the initiatives taken up by the Government of India.

The wireless sensor networks incur high capital expenditure for installation; this is restraining the installation of digital substations. In addition, several companies are trying to retrofit traditional substations, which necessitates the use of a significant number of sensors. The advancements in technologies in the power industry have led to an increase in the chances of cyberattacks from hostile governments and terrorist groups. This poses a major challenge for the substation automation and integration market.

The key players in this market focus on strategic partnerships, acquisitions, agreements, new product launches, new technology launches, and expansions to increase their revenue. ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Cisco Systems, Inc. (U.S.), and Schneider Electric (France), among others, are some of the leading players in the substation automation and integration market. ABB Ltd. (Switzerland) focuses on partnerships and new product launches to maintain its leading position in the substation automation and integration. In line with this, ABB (Switzerland) signed a partnership with Aibel (Norway) to deliver offshore wind integration solutions in 2016.

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