Electric Power Substation Automation Market 2019: Industry Analysis, Technological Innovations, Trends, Growth, Opportunities, Demand and Forecast to 2026

Electric power substation has improved the way substations were controlled earlier and have enhanced the way critical data were accumulated. Besides this, the electric power substations are generally managed by automatic elements as well as IEDs including recloser controls, digital protection relays, voltage controls and others.

Growing need for high productivity as well as reliability in grids have contributed to the growth of the market. Moreover, reduced capital spending has also kept the market prospect high. Rising requirement for smart grid solution is driving the Electric Power Substation Automation Market worldwide. Capability to reduce the transmission as well as distribution loss would keep the future of the market robust. Recent developments in communication technologies are expected to create greater opportunities worldwide. Efficient energy management solutions for residence and office would open new avenues.

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The electric power substation automation market is segmented based on automation stage, module, end-user, type and geography. Automation stages covered during the study are retrofit as well as new construction automation stage. The modules discussed on the market research report are SCADA, hardware and communication network technology.

The key market players active in the market are Ingeteam, ABB Ltd., Schneider Electric, Siemens AG, Amperion, General Electric, Alstom S.A., Cisco Systems, Eaton Corporation and Schweitzer Engg Lab.

KEY BENEFITS FOR STAKEHOLDERS:
• The market research report provides integrated information on the major drivers, restraints and opportunities influencing the industry growth during the forecast period.
• The study further drills down to produce data volume by components, end customers and demography.
• SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.

ELECTRIC POWER SUBSTATION AUTOMATION MARKET KEY SEGMENTS:

Electric Power Substation Automation Market By Automation Stage:
• Retrofit
• New Construction Automation Stage

Electric Power Substation Automation Market By Module:
• SCADA
• Hardware
• Communication Network Technology

Electric Power Substation Automation Market By End User:
• Utilities
• Industry

Electric Power Substation Automation Market By Type:
• Collector
• Transmission
• Distribution

Key Players:
• Ingeteam
• ABB Ltd.
• Schneider Electric
• Siemens AG
• Amperion
• General Electric
• Alstom S.A.
• Cisco Systems

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