Substation Automation Market: A Latest Research Report to Share Market Insights and Dynamics by 2025 | Leading Top Key Players - ABB Ltd, Cisco, Siemens, GE, among others.

A recent report published by QMI on substation automation market is a detailed assessment of the most important market dynamics. After carrying out thorough research of substation automation market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for substation automation during the forecast period.

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It can enable manufacturers of substation automation to change their production and marketing strategies in order to envisage maximum growth.

According to the report, the growing demand for efficient and reliable transmission is expected to drive the growth of substation automation market during the forecast period. Substation automation is a part of the system for generating, transmitting, and distributing electricity. Substations are the combinations of various devices that are used to change the electric supply characteristics, such as frequency, voltage. The receive electricity at a high voltage from the transmitter and decrease it to a level that can be used for distribution locally.

Segmentation for better understanding of this market and its growth prospects:
By component, it is segmented as recloser controller, programmable logical controller, capacitor bank controller, digital transducer/smart meter, load tap controller, communication channel, and digital relays. Based on the module, it is segmented as SCADA, IEDs, and communication network. The SCADA module is growing significantly, due to various factors such as technological developments in sensors, alarm management systems, that enhance the communication system. This is increasing demand. These SCADA systems help supervise and control the power generation & transmission and enhance efficiency, thus they are being implemented more in the energy sector.

By the communication channel, the segmentation is ethernet, power line communication, copper wire communication, and optical fiber communication.

Factors that will have a significant impact on the market growth are:
o Growing demand for efficient and reliable transmission
o Rising need for reducing transmission and distribution losses
o Increased demand for electricity due to industrialization and urbanization

Insights about regional distribution of market:
The market has been segmented in major regions to understand the global development and demand patterns of this market.

For substation automation market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the substation automation market.

The North American and the Eastern European regions have been leading the substation automation market. There is a growing demand for intelligent devices and technologies for communication, and smart grids, that is propelling the market.

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Asia Pacific is estimated to be one of the fastest growing markets for substation automation market. Major countries in the Asia Pacific region are China, Japan, South Korea, India and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of substation automation market. Middle East and rest of the World are estimated to be emerging regions for substation automation market.

Companies Covered: ABB Ltd., Trilliant Inc., Alstom S.A., Schneider Electric S.E., Cisco Systems, Inc., Siemens A.G., Eaton Corporation Plc., GE Energy Management, Itron Inc., and Echelon Corporation

Market Segmentation:
By Component:
o Recloser Controller
o Programmable Logical Controller
o Capacitor Bank Controller
o Digital Transducer/Smart Meter
o Load Tap Controller
o Communication Channel
o Digital Relays

By Module:
o SCADA
o IEDs
o Communication Network

By Communication Channel:
o Ethernet
o Power Line Communication
o Copper Wire Communication
o Optical Fiber Communication

By Region:
North America
o By Country (US, Canada, Mexico)
o By Component
o By Module
o By Communication Channel

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Component
o By Module
o By Communication Channel

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Component
o By Module
o By Communication Channel

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Component
o By Module
o By Communication Channel

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Component
o By Module
o By Communication Channel

Rest of the World
o By Region (South America, Africa)
o By Component
o By Module
o By Communication Channel

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Pune, Maharashtra 411028
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This release was published on openPR.