Substation Automation Systems Industry Research Report - Global Forecast to 2026

New York, USA, Jan 2020 (News) - GMD predicts the aggregated revenue of global Substation Automation Systems market will reach $58.04 billion during 2020-2026. The substation automation and integration market, on the basis of offering, has been segmented into hardware, software, and services. The market for services is expected to grow at a significant rate during the in the coming years. To meet the increasing demand for electricity, the power generation companies are coming up with more number of renewable energy (solar and wind) projects.

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Highlighted with 71 tables and 70 figures, this 155-page report “Global Substation Automation Systems Market by Component, Product, Application and Region 2020-2026: Segment Analysis, Trend Forecast and Business Strategy” is based on a comprehensive research of worldwide Substation Automation Systems market by analyzing the entire global market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2017-2019, revenue estimates for 2019, and forecasts from 2020 till 2026.
Major Market Players: (Total 136 Competitors Detailed Analysis is provided in the Research Report)
ABB Ltd. (Switzerland)
Siemens AG (Germany)
General Electric (U.S.)
Cisco Systems Inc. (U.S.)
Schneider Electric (France)
among others

Substation Automation Systems Industry Segmentation:
Substation Automation and Integration Market, by Offering:
Hardware
Software
Services

Substation Automation and Integration Market, by Type:
Transmission substations
Distribution substations

Substation Automation and Integration Market, by Installation type:
Retrofit Installations
New installations

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The regional analysis of global Substation Automation Systems Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of Industry share owing to the strongest economies and widespread industries, which create high capital investment capabilities. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing population, high disposable income, and implementation of various technologies in food & agriculture industries would create lucrative growth prospects for the Substation Automation Systems Industry across Asia-Pacific region.
The report firstly introduced the Substation Automation Systems basics: definitions, classifications, applications and Industry overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region Industry conditions, including the product price, profit, capacity, production, supply, demand and Industry growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

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Research objectives
• To study and analyze the global Substation Automation Systems Industry size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
• To understand the structure of Substation Automation Systems Industry by identifying its various subsegments.
• Focuses on the key global Substation Automation Systems players, to define, describe and analyze the value, Industry share, Industry competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Substation Automation Systems with respect to individual growth trends, future prospects, and their contribution to the total Industry.
• To share detailed information about the key factors influencing the growth of the Industry (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of Substation Automation Systems subIndustrys, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the Industry.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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