Substation Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Substation Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global substation automation market size reached US$ 44.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 63.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.22% during 2023-2028.
Substation automation refers to the process of using data or information from intelligent electronic devices (IEDs) within a substation to control and direct commands from remote users. It is integrated between power-generating plants and grids to create an uninterrupted and reliable power transmission. It consists of numerous reclosers, programmable logical controllers and capacitor banks, smart meters, transformers, switches and digital relays. This software-based substation automation system (SAS) is used to minimize human intervention and operating costs while optimizing the assets. Owing to this, it finds extensive applications across various industries, including oil and gas, transportation, mining and steel.
Rapid industrialization, along with the growing demand for efficient energy management solutions across the globe, represent as the key factors driving the growth of the market. Automated substations regulate voltage fluctuations and are a crucial component of electricity transmission and distribution (T&D) processes that aid in minimizing prolonged outages and overall operational costs. Furthermore, various technological advancements and the integration of primary equipment with modern sensors, protective relays, programmable logical controllers and digital transducers, are also creating a positive impact on the market growth. Additionally, the emerging trend of smart cities and the widespread adoption of smart grids, especially in the developing countries, is creating a positive outlook for the market. Other factors, including rising-retrofitting and upgradation of existing substation equipment, implementation of government initiatives promoting substation automation and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global substation automation market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on module type, component, communication channel, substation type, installation type and end-use industry.
Breakup by Module Type:
Intelligent Electronic Devices
Communication Networks
SCADA Systems
Breakup by Component:
Hardware
Reclose Controllers
Programmable Logical Controllers
Capacitor Banks
Smart Meters
Load Tap Changers
Digital Relays
Fiber-Optic Cables
Others
Software
Production Management Software
Asset Management Software
Performance Management Software
Services
Installation and Commissioning
Upgradation and Retrofitting
Testing, Repair and Maintenance
Others
Breakup by Communication Channel:
Ethernet
Copper Wire Communication
Power Line Communication
Optical Fiber Communication
Others
Breakup by Substation Type:
Transmission
Distribution
Breakup by Installation Type:
New Installation
Retrofit Installation
Breakup by End-Use Industry:
Utility
Transportation
Metals & Mining
Oil and Gas
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ABB, Cooper Industries, Eaton Corporation, General Electric, Grid Net, Larsen & Toubro Limited, Power system Engineering, SAE IT-Systems GmbH & Co.KG, Schneider Electric, Siemens AG, Tropos Network Ltd., etc.
Key Questions Answered in This Report:
How has the global substation automation market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global substation automation market?
What is the breakup of the market based on the module type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the communication channel?
What is the breakup of the market based on the substation type?
What is the breakup of the market based on the installation type?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global substation automation market and who are the key players?
What is the degree of competition in the industry?
The global substation automation market size reached US$ 44.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 63.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.22% during 2023-2028.
Substation automation refers to the process of using data or information from intelligent electronic devices (IEDs) within a substation to control and direct commands from remote users. It is integrated between power-generating plants and grids to create an uninterrupted and reliable power transmission. It consists of numerous reclosers, programmable logical controllers and capacitor banks, smart meters, transformers, switches and digital relays. This software-based substation automation system (SAS) is used to minimize human intervention and operating costs while optimizing the assets. Owing to this, it finds extensive applications across various industries, including oil and gas, transportation, mining and steel.
Rapid industrialization, along with the growing demand for efficient energy management solutions across the globe, represent as the key factors driving the growth of the market. Automated substations regulate voltage fluctuations and are a crucial component of electricity transmission and distribution (T&D) processes that aid in minimizing prolonged outages and overall operational costs. Furthermore, various technological advancements and the integration of primary equipment with modern sensors, protective relays, programmable logical controllers and digital transducers, are also creating a positive impact on the market growth. Additionally, the emerging trend of smart cities and the widespread adoption of smart grids, especially in the developing countries, is creating a positive outlook for the market. Other factors, including rising-retrofitting and upgradation of existing substation equipment, implementation of government initiatives promoting substation automation and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global substation automation market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on module type, component, communication channel, substation type, installation type and end-use industry.
Breakup by Module Type:
Intelligent Electronic Devices
Communication Networks
SCADA Systems
Breakup by Component:
Hardware
Reclose Controllers
Programmable Logical Controllers
Capacitor Banks
Smart Meters
Load Tap Changers
Digital Relays
Fiber-Optic Cables
Others
Software
Production Management Software
Asset Management Software
Performance Management Software
Services
Installation and Commissioning
Upgradation and Retrofitting
Testing, Repair and Maintenance
Others
Breakup by Communication Channel:
Ethernet
Copper Wire Communication
Power Line Communication
Optical Fiber Communication
Others
Breakup by Substation Type:
Transmission
Distribution
Breakup by Installation Type:
New Installation
Retrofit Installation
Breakup by End-Use Industry:
Utility
Transportation
Metals & Mining
Oil and Gas
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ABB, Cooper Industries, Eaton Corporation, General Electric, Grid Net, Larsen & Toubro Limited, Power system Engineering, SAE IT-Systems GmbH & Co.KG, Schneider Electric, Siemens AG, Tropos Network Ltd., etc.
Key Questions Answered in This Report:
How has the global substation automation market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global substation automation market?
What is the breakup of the market based on the module type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the communication channel?
What is the breakup of the market based on the substation type?
What is the breakup of the market based on the installation type?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global substation automation market and who are the key players?
What is the degree of competition in the industry?
Table of Contents
146 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Substation Automation Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Module Type
- 6.1 Intelligent Electronic Devices
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Communication Networks
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 SCADA Systems
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Component
- 7.1 Hardware
- 7.1.1 Market Trends
- 7.1.2 Major Types
- 7.1.2.1 Reclose Controllers
- 7.1.2.2 Programmable Logical Controllers
- 7.1.2.3 Capacitor Banks
- 7.1.2.4 Smart Meters
- 7.1.2.5 Load Tap Changers
- 7.1.2.6 Digital Relays
- 7.1.2.7 Fiber-Optic Cables
- 7.1.2.8 Others
- 7.1.3 Market Forecast
- 7.2 Software
- 7.2.1 Market Trends
- 7.2.2 Major Types
- 7.2.2.1 Production Management Software
- 7.2.2.2 Asset Management Software
- 7.2.2.3 Performance Management Software
- 7.2.3 Market Forecast
- 7.3 Services
- 7.3.1 Market Trends
- 7.3.2 Major Types
- 7.3.2.1 Installation and Commissioning
- 7.3.2.2 Upgradation and Retrofitting
- 7.3.2.3 Testing, Repair and Maintenance
- 7.3.2.4 Others
- 7.3.3 Market Forecast
- 8 Market Breakup by Communication Channel
- 8.1 Ethernet
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Copper Wire Communication
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Power Line Communication
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Optical Fiber Communication
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 9 Market Breakup by Substation Type
- 9.1 Transmission
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Distribution
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 10 Market Breakup by Installation Type
- 10.1 New Installation
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Retrofit Installation
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 11 Market Breakup by End-Use Industry
- 11.1 Utility
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Transportation
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Metals & Mining
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Oil and Gas
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
- 11.5 Others
- 11.5.1 Market Trends
- 11.5.2 Market Forecast
- 12 Market Breakup by Region
- 12.1 North America
- 12.1.1 United States
- 12.1.1.1 Market Trends
- 12.1.1.2 Market Forecast
- 12.1.2 Canada
- 12.1.2.1 Market Trends
- 12.1.2.2 Market Forecast
- 12.2 Asia Pacific
- 12.2.1 China
- 12.2.1.1 Market Trends
- 12.2.1.2 Market Forecast
- 12.2.2 Japan
- 12.2.2.1 Market Trends
- 12.2.2.2 Market Forecast
- 12.2.3 India
- 12.2.3.1 Market Trends
- 12.2.3.2 Market Forecast
- 12.2.4 South Korea
- 12.2.4.1 Market Trends
- 12.2.4.2 Market Forecast
- 12.2.5 Australia
- 12.2.5.1 Market Trends
- 12.2.5.2 Market Forecast
- 12.2.6 Indonesia
- 12.2.6.1 Market Trends
- 12.2.6.2 Market Forecast
- 12.2.7 Others
- 12.2.7.1 Market Trends
- 12.2.7.2 Market Forecast
- 12.3 Europe
- 12.3.1 Germany
- 12.3.1.1 Market Trends
- 12.3.1.2 Market Forecast
- 12.3.2 France
- 12.3.2.1 Market Trends
- 12.3.2.2 Market Forecast
- 12.3.3 United Kingdom
- 12.3.3.1 Market Trends
- 12.3.3.2 Market Forecast
- 12.3.4 Italy
- 12.3.4.1 Market Trends
- 12.3.4.2 Market Forecast
- 12.3.5 Spain
- 12.3.5.1 Market Trends
- 12.3.5.2 Market Forecast
- 12.3.6 Russia
- 12.3.6.1 Market Trends
- 12.3.6.2 Market Forecast
- 12.3.7 Others
- 12.3.7.1 Market Trends
- 12.3.7.2 Market Forecast
- 12.4 Latin America
- 12.4.1 Brazil
- 12.4.1.1 Market Trends
- 12.4.1.2 Market Forecast
- 12.4.2 Mexico
- 12.4.2.1 Market Trends
- 12.4.2.2 Market Forecast
- 12.4.3 Others
- 12.4.3.1 Market Trends
- 12.4.3.2 Market Forecast
- 12.5 Middle East and Africa
- 12.5.1 Market Trends
- 12.5.2 Market Breakup by Country
- 12.5.3 Market Forecast
- 13 SWOT Analysis
- 13.1 Overview
- 13.2 Strengths
- 13.3 Weaknesses
- 13.4 Opportunities
- 13.5 Threats
- 14 Value Chain Analysis
- 14.1 Overview
- 14.2 Inbound Logistics
- 14.3 Operations
- 14.4 Outbound Logistics
- 14.5 Marketing and Sales
- 14.6 Post Sales Services
- 15 Porters Five Forces Analysis
- 15.1 Overview
- 15.2 Bargaining Power of Buyers
- 15.3 Bargaining Power of Suppliers
- 15.4 Degree of Competition
- 15.5 Threat of New Entrants
- 15.6 Threat of Substitutes
- 16 Price Indicators
- 17 Competitive Landscape
- 17.1 Market Structure
- 17.2 Key Players
- 17.3 Profiles of Key Players
- 17.3.1 ABB
- 17.3.1.1 Company Overview
- 17.3.1.2 Product Portfolio
- 17.3.2 Cooper Industries
- 17.3.2.1 Company Overview
- 17.3.2.2 Product Portfolio
- 17.3.3 Eaton Corporation
- 17.3.3.1 Company Overview
- 17.3.3.2 Product Portfolio
- 17.3.3.3 Financials
- 17.3.3.4 SWOT Analysis
- 17.3.4 General Electric
- 17.3.4.1 Company Overview
- 17.3.4.2 Product Portfolio
- 17.3.4.3 Financials
- 17.3.4.4 SWOT Analysis
- 17.3.5 Grid Net
- 17.3.5.1 Company Overview
- 17.3.5.2 Product Portfolio
- 17.3.6 Larsen & Toubro Limited
- 17.3.6.1 Company Overview
- 17.3.6.2 Product Portfolio
- 17.3.6.3 Financials
- 17.3.6.4 SWOT Analysis
- 17.3.7 Power System Engineering
- 17.3.7.1 Company Overview
- 17.3.7.2 Product Portfolio
- 17.3.8 SAE IT-Systems GmbH & Co.KG
- 17.3.8.1 Company Overview
- 17.3.8.2 Product Portfolio
- 17.3.9 Schneider Electric
- 17.3.9.1 Company Overview
- 17.3.9.2 Product Portfolio
- 17.3.9.3 Financials
- 17.3.10 Siemens AG
- 17.3.10.1 Company Overview
- 17.3.10.2 Product Portfolio
- 17.3.10.3 Financials
- 17.3.10.4 SWOT Analysis
- 17.3.11 Tropos network Ltd.
- 17.3.11.1 Company Overview
- 17.3.11.2 Product Portfolio
Pricing
Currency Rates
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