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Substation Automation and Integration Market, By Offering (Hardware, Software, Services), By Type (Transmission Substations, Distribution Substations), By Installation Type, By End-user Industry, By Component & By Communication, 2024 – 2032

Publisher Global Market Insights
Published May 07, 2024
Length 200 Pages
SKU # GMI19055361

Description

Substation Automation and Integration Market, By Offering (Hardware, Software, Services), By Type (Transmission Substations, Distribution Substations), By Installation Type, By End-user Industry, By Component & By Communication, 2024 – 2032


The Substation Automation and Integration Market size will record over 5% CAGR during 2024-2032, driven by increasing focus on renewable energy integration. In 2023, clean energy made a significant economic contribution, totaling approximately USD 320 billion according to the IEA. This amount constituted 10% of the global GDP growth for the year, underscoring the sector's substantial impact on the world economy.

Automated substations play a crucial role in managing the variability and intermittency of renewable sources, ensuring grid stability and reliability. Advanced automation and integration solutions enable utilities to seamlessly integrate renewable energy into existing grids, optimizing energy flows and enhancing overall efficiency.

Integration of IoT (Internet of Things) and AI (Artificial Intelligence) technologies is rapidly transforming the sector, enabling real-time monitoring, predictive analytics, and proactive maintenance of substations. This integration enhances operational efficiency and reliability, meeting the increasing demand for sustainable energy solutions. Additionally, a rising emphasis on service-oriented offerings and advancements in distribution substation automation will shape the market outlook.

The substation automation and integration industry is classified based on offering, type, installation, end-user, component, communication, and region.

The services segment will grow at a steady pace through 2032, owing to their crucial role in ensuring the smooth operation and upkeep of automated substations. Providers are offering comprehensive service packages that include predictive maintenance and remote monitoring capabilities. These services not only reduce operational costs but also enhance system efficiency and reliability. As utilities face the dual challenge of aging infrastructure and increasing demand, investing in reliable service solutions becomes paramount to maintaining optimal performance and mitigating risks.

The distribution substations segment will record a notable CAGR through 2032. The increasing urbanization and industrialization across emerging economies are driving the demand for reliable and efficient distribution infrastructure. Automated solutions tailored for distribution substations help utilities improve grid stability, manage peak demand efficiently, and seamlessly integrate renewable energy sources. Furthermore, advancements in communication and control technologies enable real-time monitoring and management of distribution substations, enhancing operational flexibility and resilience.

Europe substation automation and integration industry will grow at a steady pace through 2032, owing to a strong emphasis on reducing carbon emissions and promoting energy efficiency. Countries such as Germany, France, and the United Kingdom are leading the charge in modernizing their grid infrastructure to support renewable energy integration and enhance grid reliability. Regulatory frameworks, such as the European Union's Clean Energy Package and national initiatives promoting smart grid investments, are further propelling market growth. Investments in digital transformation and grid modernization projects across Europe are creating lucrative opportunities for market players to capitalize on the region's evolving energy landscape.

Table of Contents

200 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Substation automation and integration industry 360° synopsis, 2021 - 2032
2.2 Business trends
2.2.1 Total addressable market (TAM), 2024-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Increasing demand for reliable power distribution infrastructure
3.8.1.2 Integration of IoT and AI technologies for optimization
3.8.1.3 Regulatory mandates for grid modernization and efficiency
3.8.1.4 Rising adoption of renewable energy sources
3.8.1.5 Need for real-time monitoring and control capabilities
3.8.2 Industry pitfalls & challenges
3.8.2.1 Cybersecurity vulnerabilities and threats to critical infrastructure
3.8.2.2 Complexity in interoperability among diverse legacy systems
3.9 Growth potential analysis 
3.10 Porter’s analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Offering, 2021 - 2032 (USD Million)
5.1 Key trends
5.2 Hardware
5.3 Software
5.4 Services
Chapter 6 Market Estimates & Forecast, By Type, 2021 - 2032 (USD Million)
6.1 Key trends
6.2 Transmission substations
6.3 Distribution substations
Chapter 7 Market Estimates & Forecast, By Installation Type, 2021 - 2032 (USD Million)
7.1 Key trends
7.2 New installations
7.3 Retrofit installations
Chapter 8 Market Estimates & Forecast, By End-user Industry, 2021 - 2032 (USD Million)
8.1 Key trends
8.2 Utilities
8.3 Steel
8.4 Oil & gas
8.5 Mining
8.6 Transportation
8.7 Others
Chapter 9 Market Estimates & Forecast, By Component, 2021 - 2032 (USD Million)
9.1 Key trends
9.2 IEDs
9.3 Communication networks
9.4 SCADA systems
Chapter 10 Market Estimates & Forecast, By Communication, 2021 - 2032 (USD Million)
10.1 Key trends
10.2 Ethernet
10.3 Power line communication
10.4 Copper wire communication
10.5 Optical fiber communication
Chapter 11 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 ANZ
11.4.6 Rest of Asia Pacific
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Rest of Latin America
11.6 MEA
11.6.1 UAE
11.6.2 South Africa
11.6.3 Saudi Arabia
11.6.4 Rest of MEA
Chapter 12 Company Profiles
12.1 ABB Limited
12.2 Alstom SA
12.3 Amperion Inc
12.4 Cisco Systems Inc.
12.5 Corporacion SA
12.6 Eaton Corporation
12.7 General Electric Co
12.8 Schneider Electric SE
12.9 Schweitzer Engg Lab
12.10 Siemens AG

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