Substation Monitoring Market Size to Grow at a CAGR of 8.50% till 2023 | with Siemens AG, Schneider Electric, General Electric, Cisco, Emerson Electric, Honeywell, Eaton, Emerson Electric, Crompton Greaves, Novatech, Sentient Energy

The global Substation Monitoring Market is expected to grow at ~8.50 % CAGR during the forecast period. Global Substation Monitoring Market is expected to witness high growth during the forecast period due to increasing use of digital protection and control devices in the substation network. Moreover, in order to meet the existing and future demand for efficient utilization and operation of substation equipment, it is expected that the trend for increased automation will continue with the support of latest technology.

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Prominent Players:

The key players of the global Substation monitoring Market are are Siemens AG, ABB Ltd., Schneider Electric, General Electric, Cisco, Emerson Electric, Honeywell, Eaton, Emerson Electric, Crompton Greaves, Schweitzer Engineering Laboratories, Novatech, Igrid T&D, Sentient Energy, Cadillac Automation and Controls, Tekvel, and I-TOR, among others

Market Highlights

Substation monitoring is a key tool for utilities as it provides the real-time based data through the integration of software and hardware component. Substation monitoring involves acquiring significant data from the parameters attached to substation assets such as transformers, conductors, and circuit breaker, among others. The substation monitoring system can be structured in three levels. First level involves Data acquisition from each asset through appropriated sensor. Second level involves Data storage and processing at substation level, and third level involves Integration of the data from different substations into the general maintenance management system of the utility.

Segmental Analysis:

By Component
Hardware
o Intelligent Electronic Devices
 Transformer
 Voltage Instrument Transformer
 Current Instrument Transformer
 Relay Devices
 Recloser Controllers
 Circuit Breakers
 Switches
o Distribution Network Feeders
o Others
 Smart Sensors
 Cameras
 Microcontrollers
Hardware
o Asset Management
o Production Management
o Performance Management

By Communication Technology
Wired Communication Technology
o Fiber Optic
o PROFIBUS
o Ethernet
 Others Fieldbus
 Modbus
 HART
Wireless Communication Technology
o Wireless LAN (Wi-Fi)
o Cellular Technology
o Zigbee

By Sector
• Distribution
• Transmission

By Industry
• Steel
• Oil & Gas
• Utility
o Renewable
o Non-Renewable
• Transportation
• Mining

By Region
• North America
• Asia-Pacific
• Europe
• Middle East & Africa
• South Africa

Asia Pacific accounts for the largest market share in the Substation monitoring market
Region wise, Asia Pacific held the largest market share of the global substation monitoring market in 2017. The substation monitoring system market in emerging economies, such as China, India, and South Korea, is expected to grow at the highest CAGR because of the rising need for reduction in transmission and distribution losses in these countries.

Table Of Contents

1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continued…..

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