Substation Automation Market to witness high growth in near future

Market Study Report, LLC, has compiled an exhaustive research study of the ‘Substation Automation market’, detailing every single market driver and intricately analyzing the business vertical. This ‘Substation Automation market’ study will aid in seeking out new business opportunities and fine-tuning existing marketing strategies through insights regarding SWOT analysis, market valuation, competitive spectrum, regional share, and revenue predictions.

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The Substation Automation Market is anticipated to reach around USD 207.8 billion by 2026 according to a new research. In 2017, the Intelligent Electronic Devices segment dominated the substation automation global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

North America generated the highest revenue in the market in 2017, and is expected to lead the global substation automation market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of smart cities drive substation automation market growth in the region. The growing demand from energy sector, and technological advancements further support market growth in the region. The use of smart technologies in energy and utilities, industrial automation, and intelligent buildings is expected to support substation automation market growth in this region during the forecast period.

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The companies operating in substation automation market include Schneider Electric SE, Cisco Systems, ABB Ltd., Siemens AG, Eaton Corporation Plc., General Electric, Honeywell International, Inc., Larsen & Toubro Limited, Crompton Greaves, and Schweitzer Engineering Laboratories, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

The growing adoption of smart cities, along with high demand of smart grids has boosted the adoption of substation automation. The rising demand for electricity, and growing demand for efficient and low-cost solutions in the solar energy sector further support the growth of substation automation market. Increasing investments by vendors in technological advancements, growing need to update existing networks, and increasing demand for retrofitting conventional substations would accelerate the adoption of substation automation during the forecast period. Growing demand from emerging economies, increasing adoption smart grid applications, and technological advancements are expected to provide numerous growth opportunities in the coming years.

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Substation Automation Market share by Major regions included:

United States
North America
Asia Pacific
Europe
Middle East & Africa

Table of Contents

1.Overview and Scope
1.1.Research goal & scope
1.2.Research assumptions
1.3.Research Methodology
1.3.1.Primary data sources
1.3.2.Secondary data sources
1.4.Key take-away
1.5.Stakeholders

2.Executive Summary
2.1.Market Definition
2.2.Market Segmentation
3.Substation Automation Market Insights
3.1.Substation Automation – Industry snapshot
3.2.Substation Automation – Ecosystem analysis
3.3.Substation Automation Market Dynamics
3.3.1.Substation Automation – Market Forces
3.3.1.1.Substation Automation Market Driver Analysis
3.3.1.2.Substation Automation Market Restraint/Challenges analysis
3.3.1.3.Substation Automation Market Opportunity Analysis
3.4.Industry analysis – Porter’s five force
3.4.1.Bargaining power of supplier
3.4.2.Bargaining power of buyer
3.4.3.Threat of substitute
3.4.4.Threat of new entrant
3.4.5.Degree of competition
3.5.Substation Automation Market PEST Analysis, 2016
3.6.Substation Automation Market Value Chain Analysis
3.7.Substation Automation Industry Trends
3.8.Competitive Ranking Analysis
4.Substation Automation Market Size and Forecast by Module, 2018-2026
4.1.Key Findings
4.2.Communication Networks
4.3.Scada Systems
4.4.Intelligent Electronic Devices
5.Substation Automation Market Size and Forecast by Component, 2018-2026
5.1.Key Findings
5.2.Hardware
5.3.Software
5.4.Services

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