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Global Substation Automation Market 2017-2021

Global Substation Automation Market 2017-2021

About Substation Automation

Substation automation helps to capture the data from the IEDs, and manage the automated plant grid operation by facilitating communication between IEDs. Alternatively, substation automation is a technology that facilitates precise integration between devices and data management systems within smart grid. As more IED devices are incorporated into the smart grid, the need for substation automation is a growing imperative. A well-designed substation automation architecture offers a scaled approach to add new automation applications along with shared communication infrastructure for the substation to realize the full benefits of smart grid application.

Technavio’s analysts forecast the global substation automation market to grow at a CAGR of 7.17% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global substation automation market for 2017-2021. To calculate the market size, the report considers the revenue, Y-o-Y growth, CAGR, retrofit, replacement, and the services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Substation Automation Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Eaton
  • Grid Solutions
  • Schneider Electric
  • Siemens
Other prominent vendors
  • Atlantic City Electric
  • Cisco
  • Eaton
  • G&W Electric
  • Kalkitech
  • Kyland Technology
Market driver
  • Growing need for remote operations due to rising demand for electricity
  • For a full, detailed list, view our report
Market challenge
  • Growing complexity in communication among devices due to interoperability issue
  • For a full, detailed list, view our report
Market trend
  • Adoption of Internet of things (IoT) into power systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Substation Automation Market 2017-2021

Technavio recognizes the following companies as the key players in the global substation automation market: ABB, Eaton, Grid Solutions, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: Atlantic City Electric, Cisco, Eaton, G&W Electric, Kalkitech, and Kyland Technology.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is adoption of Internet of things (IoT) into power systems. The Internet of things (IoT) is becoming the next generation technology for utility companies to transmit and distribute power between generating station and distribution substation. At present, the IoT has already discovered its pathway into the grid automation to bring revolution in modernized communication. Similarly, the enormous benefits of IoT have been continuously increasing the adoption rate of smart devices into the substation.”

According to the report, one of the major drivers for this market is growing need for remote operations due to rising demand for electricity. The rising population and urbanization are ramping up the electricity demand worldwide. Thus, a huge mismatch is experienced between electricity supply and demand for last many years. Moreover, a variation of load demand to a large extent all through the year is the major difficulty that complicates the situation. Thus, utility and generation companies must constantly match supply and demand every second to maintain reliability on the power system.

Further, the report states that one of the major factors hindering the growth of this market is growing complexity in communication among devices due to interoperability issue. Interoperability issue in substation automation has become a prime concern for smart grid due to the growing number of the interconnected device. As system integrators are using smart devices from different vendors, the communication between these devices are becoming a difficult task due to lack of standard protocols. Further, the cost of substation automation has increased significantly due to rising interoperability issues within the existing systems.



Companies Mentioned

ABB, Eaton, Grid Solutions, Schneider Electric, Siemens, Atlantic City Electric, Cisco, Eaton, G&W Electric, Kalkitech, and Kyland Technology.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Three benefits of substation automation
      • Table Impact level of drivers and challenges on growth of the global substation automation market
  • Market landscape
    • Market overview
      • Table Segmentation of global substation automation market
      • Table Supply chain of substation automation market
      • Table Key market dynamics
    • Market size and forecast
      • Table Global substation automation market 2016-2021 ($ billions)
      • Table Performance of global substation automation market
      • Table Product lifecycle stage of the global substation automation market in developed and developing countries
      • Table Market segmentation of substation automation market by revenue generating segment 2016
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global substation automation market by product type 2016 and 2021 (%)
    • Global substation automation market by transmission
      • Table Global substation automation market by transmission 2016-2021 ($ billions)
      • Table Profile of power transmission and distribution
      • Table Factors influencing transmission segment
    • Global substation automation market by distribution
      • Table Global substation automation market by distribution 2016-2021 ($ billions)
      • Table Performance of global substation automation market by distribution
      • Table Factors influencing global substation automation market by distribution
  • Market segmentation by end-user
    • Table Global substation automation market by end-user 2016 and 2021
    • Global substation automation market for industrial sector
      • Table Global substation automation market for industrial sector 2016-2021 ($ billions)
      • Table Performance of global substation automation market for industrial sector
    • Global substation automation market for commercial sector
      • Table Global substation automation market for commercial sector 2016-2021 ($ billions)
      • Table Performance of global substation automation market for commercial sector
    • Global substation automation market for residential sector
      • Table Global substation automation market for residential sector 2016-2021 ($ billions)
      • Table Performance of global substation automation market for residential sector
  • Geographical segmentation
    • Market overview
      • Table Global substation automation market by geography 2016 and 2021
    • Substation automation market in EMEA
      • Table Substation automation market in EMEA 2016-2021 ($ billions)
      • Table Performance of global substation automation market in EMEA
    • Substation automation market in Americas
      • Table Substation automation market in Americas 2016-2021 ($ billions)
      • Table Performance of global substation automation market in Americas
      • Table Key commercial projects in North America
    • Substation automation market in APAC
      • Table Substation automation market in APAC 2016-2021 ($ billions)
      • Table Performance of global substation automation market in APAC
      • Table Recent big commercial projects in India
      • Table Recent substation automation project in APAC
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Benefits of predictive maintenance and low outage duration
      • Table Factors that affect performance of power transmission and distribution
    • Market challenges
  • Market trends
    • Table Impact of IoT on substation automation market
  • Vendor landscape
    • Competitive Landscape
      • Table Impact of competitors on global substation automation market 2016 and 2021
    • Other prominent vendors
      • Table List of prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Business strategy
      • Table ABB: Product portfolio
      • Table Substation automation tools model and application
      • Table ABB: Recent developments
    • Eaton
      • Table Eaton: Business strategy
      • Table Eaton: Product portfolio
      • Table Eaton: Recent development
    • Grid Solutions
      • Table Grid Solution: Business strategy
      • Table Grid Solutions: Major product portfolio
      • Table Grid Solutions: Recent development
    • Schneider Electric
      • Table Schneider Electric: Business strategy
      • Table Schneider Electric: Major product portfolio
      • Table Schneider Electric: Recent development
    • Siemens
      • Table Siemens: Business strategy
      • Table Siemens: Major product portfolio
      • Table Substation automation software for controlling, monitoring, and diagnostics
      • Table Siemens: Recent development
  • Key Takeaway
  • Appendix
    • List of abbreviations
  • Explore Technavio

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