Substation Automation Market – High Demands for Smart Grid to Bolster Future Market: Industry Trends with Key player analysis including ABB Ltd., Siemens AG, General Electric, Cisco Systems, Inc., Schneider Electric, Honeywell International, Inc., Cromp

Market Analysis:

According to Verified Market Intelligence, the Global Substation Automation Market was valued at USD 114.14 Billion in 2017 and is projected to reach USD 171.18 Billion by 2025, growing at a CAGR of 5.0% from 2018 to 2025.

Substation automation system is an advanced power distribution network that provides control, monitoring, automation, protection and communication of all the equipment in the substation remotely as well as locally. It is the key component of the power grid that facilitates the efficient distribution and transmission of electricity. It uses data from intelligent electronic devices (IED) for supervising and controlling various protection and automation functions.

Rising electricity demand, need for up-gradation of existing networks and high demand for smart grids are the driving factors for the global Substation Automation market. While cyber-attack and high capital expenditure for installations act a potential restraint for the overall market at a global level.

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The “Global Substation Automation Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ABB Ltd., Siemens AG, General Electric, Cisco Systems, Inc., Schneider Electric, Eaton Corporation PLC, Honeywell International, Inc., Schweitzer Engineering Laboratories, Inc., Novatech LLC, Crompton Greaves. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Obtaining market-related data is not a very difficult task. It is the task of filtering out the superfluous parts and compiling pertinent information that actually matters or can solve a business issue at hand. The absence of steadfast resources for undertaking focused research that results in the collection of the most profitable data is one of the most common inadequacies of inbound research activities.

The report meticulously analyses the essential details of the Substation Automation Market with the help of a detailed and professional analysis. Described in a ground-up manner, the report presents an all-encompassing overview of the market based on the factors that are predictable to have a substantial and determinate impact on the market’s developmental prospects over the prognosis period.

The report also includes an in-depth synopsis of the competitive scenario and regulatory framework of the Substation Automation Market . This will provide readers a clear understanding of the state of competition, challenges, major opportunities, and the major rules, guidelines, plans, and policies impacting the market.

The report includes data that can help businesses in handling this issue with ease and provides detailed qualitative and quantitative details concerning to the market elements that administration are interested in.

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With this report, an organization can have easy access to the details that will have the most substantial bearing on the overall development of the Substation Automation Market or the sectors that matter the most to organizations. The report is accumulated with the intent of providing necessary market information to vendors functioning in the Substation Automation Market . It thus makes for a resourceful data depository that can help decision-makers devise the most effective business strategies.

Key Points Highlight.

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

• Provision of market value (USD Billion) data for each segment and sub-segment

• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

• The competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled

• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis

• Provides insight into the market through Value Chain

• Market dynamics scenario, along with growth opportunities of the market in the years to come

• 6-month post sales analyst support

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