The Global Substation Automation Market is projected to grow from USD 39.9 billion in 2021 to USD 62.5 billion by 2030 at a CAGR of 6.3% during the forecast period. As part of a full substation control and monitoring solution, substation automation includes control, protection, automation, monitoring, and communication capabilities. It refers to the ability to regulate and automate substation capabilities as well as power system components using commands from distant users. The usage of technology such as specialized software, unique sensors, and equipment that facilitates two-way communication is required to automate energy substations. Protective relays, programmable logical control, and a digital transducer are among the intelligent electrical equipment used. Substation equipment can be monitored and controlled using this type of device. Additionally, such equipment helps to lessen the frequency and length of power outages.
The global substation automation market is expected to increase significantly during the projected period. The electrical system's substation automation is crucial. It is a grid building block that is essential for successful power generation, transmission, and distribution. The growing number of market players around the world is helping to drive the worldwide substation automation market forward, resulting in lucrative income potential for market participants.
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The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Substation Automation research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Market Research study’s global market research study will feature a large amount of unique data. A number of Substation Automation industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.
The report provides a comprehensive analysis of company profiles listed below:
ABB Ltd. (Switzerland)
Trilliant Holdings Inc. (U.S.)
Schneider Electric. (France)
Cisco Systems, Inc. (U.S.)
GE Energy Management (U.S.)
Itron, Inc. (U.S.)
Echelon Corporation (U.S.)
Type Analysis of World Wide Market:
Programmable logical controller
Capacitor bank controller
Digital transducer/smart meter
Load tap controller
Segmentation of global Substation Automation Market by Application:
Power Line Communication
Copper Wire Communication
Optical Fiber Communication
The study report offers a comprehensive analysis of Substation Automation Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource.
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
Scope of this Report:
• This report segments the global Substation Automation market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
• The report helps stakeholders understand the pulse of the Substation Automation market and provides them with information on key market drivers, restraints, challenges and opportunities.
• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement and acquisitions.
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This research report gives detailed data about the major factors influencing the growth of the Substation Automation market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.