Press release
Substation Automation Market 2020 Worldwide Industry, Analysis, Application, Trend, Future Demand and Forecast till 2023
Substation Automation Market
According to Market Research Future (MRFR), the global substation automation market is expected to reach USD 51 billion, with a CAGR of 6% from 2016 to 2023 (forecast period). The report highlights the key factors that are likely to significantly boost or impede the growth of the global substation automation market. The report also sheds light on the possible effect of Covid-19 on the development of the global substation automation industry.
Substation automation is a process for using data from Intelligent Electronic Devices. It refers to the control and automation of substation capabilities and the control of power system devices by remote user commands. Growing demand for better electricity services worldwide and growing demand for smart grids are the key drivers for the growth of the substation automation sector.
Market Dynamics
Growing demand for the retrofit of conventional substations and smart grids are some of the key drivers of market growth for substation automation. The smart grid contributes to the reliability and productivity of power systems. Moreover, the advanced smart substation automation system boosts the demand for the Substation Automation Market as it is widely used in power system applications. The introduction of conventional protection is essential to the substation. The requirements of such systems are used for the protection and control of such automation. It tracks the state of the equipment. Such systems are equipped with intelligent electronic devices capable of protecting and controlling the system and providing high-performance remote power management functions.
Key Players
Some of the significant participants identified by MRFR operating in the global substation automation market are Schneider Electric (France), General Electric (U.S.), Siemens AG (Germany), ABB Group (Switzerland), Tropos Network (U.S.), Cisco Systems, Inc. (U.S.), EATON Corp. (U.S.), Encore Networks (U.S.), Toshiba Corporation (Japan), Grid Net (U.S.), Cooper Industries (U.S.), Power System Engineering, Inc. (U.S.), Texas Instruments (U.S.), Larsen & Toubro Limited (India), Axiomtek Co. Ltd (Taiwan), Ametek (U.S.), SAE IT-systems GmbH & Co. KG (Germany), among others.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1016
Market Segmentation
The global market for substation automation has been segmented on the basis of component, module, communication channel, and industry.
On the basis of component, the global market for substation automation has been segmented into recloser controller smart meter, load tap controller, capacitor bank controller, and others.
On the basis of module, the global market for substation automation has been segmented into SCADA, intelligent electronic device, communication network, and others.
On the basis of the communication channel, the global substation automation market has been segmented into ethernet, power line communication, optical fiber communication, copper wire communication, and others.
On the basis of industry, the global substation automation market has been segmented into utility, transportation, mining, steel, and others.
Regional Analysis
The global substation automation market is spanned across North America, Europe, Asia Pacific, and the rest of the world.
In North America, the substation automation market is experiencing high market growth due to the growing popularity of advanced intelligent electronic devices and communication technologies that are driving market growth in substation automation. In comparison, European countries are arising as substation automation market due to the rising demand for smart grids and are projected to rise at the highest CAGR during the review period. Asia Pacific countries such as China, Japan, and India are some of the world's leading market share regions.
Get Complete Report @ https://www.marketresearchfuture.com/reports/substation-automation-market-1016
Report Overview
Market Trends and Competitive Landscapes
Segmentation of Market by Type
Segmentation of Market by End-Users
Substation Automation Analysis by Major Regions
Product Commodity of Market in Major Countries
North America Substation Automation Landscapes Analysis
Europe Substation Automation Landscapes Analysis
Asia Pacific Substation Automation Landscapes Analysis
Latin America, Middle East & Africa Substation Automation Landscapes Analysis
Major Players Profile
Contact Information:
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Substation Automation Market 2020 Worldwide Industry, Analysis, Application, Trend, Future Demand and Forecast till 2023 here
News-ID: 2218413 • Views: …
More Releases from Market Research Future (MRFR)
Advanced Metering Infrastructure (AMI) Market to Grow at 8.50% CAGR by 2035 Enab …
Advanced Metering Infrastructure (AMI) has emerged as a cornerstone of modern utility management, transforming how electricity, gas, and water consumption is measured, monitored, and managed. AMI integrates smart meters, communication networks, and data management systems to enable two-way communication between utilities and end users.
This shift from traditional metering to digital, intelligent systems is driven by the global push for energy efficiency, grid modernization, and improved customer engagement. Utilities worldwide…
GLP-1 Drug Market Size is projected to grow from 12.19 USD Billion in 2025 to 42 …
The GLP-1 Drug Market: A Comprehensive Outlook on Growth, Trends, Players, and Regional Dynamics
The global market for GLP-1 (glucagon-like peptide-1) drugs has emerged as one of the most dynamic and rapidly expanding segments in the pharmaceutical industry, driven by escalating rates of type 2 diabetes, obesity, and associated cardiometabolic disorders. Originally developed to improve glycemic control in patients with diabetes, GLP-1 receptor agonists have demonstrated significant benefits beyond glucose management,…
Gear Pump Market to Reach USD 6.492 Billion by 2035 | CAGR 2.92%
The gear pump market plays a crucial role in modern industrial and commercial operations, driven by its ability to handle high-viscosity fluids with consistent flow and high reliability. Gear pumps are widely used across industries such as oil & gas, chemical processing, automotive, power generation, food & beverages, and construction equipment. Their compact design, durability, and efficiency make them an essential component in hydraulic systems, lubrication systems, and fluid transfer…
Compact Inverter Technology Market to Hit USD 33.4 Billion by 2035 | CAGR 8.34%
The Compact Inverter Technology Market is gaining significant momentum as industries and consumers increasingly prioritize energy efficiency, space optimization, and reliable power conversion solutions. Compact inverters, known for their small form factor, lightweight design, and high efficiency, are becoming essential across sectors such as renewable energy, industrial automation, consumer electronics, electric vehicles, and power backup systems.
With rapid urbanization, growing renewable energy installations, and rising demand for uninterrupted power supply,…
More Releases for Substation
Transforming the Industrial Digital Substation Market in 2025: Rising Electricit …
What Is the Expected Size and Growth Rate of the Industrial Digital Substation Market?
There has been a substantial growth in the industrial digital substation market size recently. It is projected to escalate from $3.89 billion in 2024 to $4.19 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. The augmentation in the past can be credited to the surge in demand for reliable and competent power distribution…
Packaged Substation Market examines demand growth, trends, and technological inn …
"𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐰𝐢𝐭𝐡 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐒𝐦𝐚𝐫𝐭𝐞𝐫 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧-𝐌𝐚𝐤𝐢𝐧𝐠"
The global packaged substation market is projected to reach USD 32.40 billion by 2030 from USD 18.78 billion in 2023, at a CAGR of 9.2 % from 2023 to 2030.
Packaged Substation 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞, 𝐒𝐜𝐨𝐩𝐞, 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟑 𝐫𝐞𝐩𝐨𝐫𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐢𝐧 𝐄𝐱𝐚𝐜𝐭𝐢𝐭𝐮𝐝𝐞 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐜𝐲'𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧.
Packaged Substation Market Future Outlook: The latest report published by Exactitude Consultancy highlights the growth prospects…
Digital Substation Market The Future of Power Distribution: Technological Advanc …
Digital Substation Market worth $13.77 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Digital Substation Market- (By Module (Hardware (Transformers, Busbars, Protection Devices (Circuit Breaker, Protective Relay, Switchgear), Interfacing Units (Human-machine interfaces (HMI), Remote terminal units (RTU), Programmable logic controllers (PLCs), Others)), Fiber-optic Communication Networks, SCADA Systems), By Type (Transmission Substation, Distribution…
Fact.MR Compact Substation Market Segmented By Application Type – Residential, …
Global Compact Substation Market: Introduction
A compact substation is a subordinate substation of an electricity generation, transmission and distribution system where voltage is transformed. The main aim of a compact substation is to step down high-voltage electricity to low-voltage electricity or vice-versa, so it can be easily utilized in residential and industrial applications.
Compact Substation is equipped with control and communication units in order to detect and extinguish fires quickly. Compact Substation…
Global Substation Automation Market
This report studies the Substation Automation market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The demand of Substation Automation is increasing now.
The global Substation Automation market was xx million US$ in…
Emergency Mobile Substation Market: Mobile Substation Is Required During Huge Po …
The Emergency Mobile Substation Market produces emergency mobile substation which is a self-contained trailer mounted substation which consists of a transformer, cooling equipment, high voltage switch gear, and low voltage switch gear. The mobile substation also has metering, protection relaying devices, AC and DC auxiliary power supply, surge protection, and cable connecting arrangement.
The main objective of the Emergency Mobile Substation Market is to build a mobile Delta star…
