Substation Automation Market To Gain Substantial Traction Through 2031

Global Substation Automation report from Global Insight Services is the single authoritative source of intelligence on Substation Automation market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Substation automation is the process of automating the operations and controls of a substation. This can include the monitoring and control of equipment, the collection and analysis of data, and the execution of commands. The goal of substation automation is to improve the efficiency, reliability, and safety of substation operations.

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Market Segmentation
The Substation Automation Market is segmented by module, component, communication channel, and region. By module, the market is classified into SCADA, IED, and communication network technology. On the basis of component, it is divided into programmable logic controller, reclose controller, capacitor bank controller, and others. Based on the communication channel, the market is further segmented into ethernet, copper wire communication, power line communication, and optical fiber communication. On the basis of region, the market is divided into North America, Europe, Asia-Pacific, and rest of the world.

Key Players
The key players in Substation Automation Market are Ingeteam, ABB Ltd., Schneider Electric SE, Siemens AG, Amperion Inc., GE Grid Solutions, Cisco Systems Inc., Eaton Technologies Pvt. Ltd, Honeywell International, and Schweitzer Engineering Laboratories, Inc.

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Key Drivers
The key drivers of the substation automation market are the increasing need for efficient grid operations, the need for improved grid security, and the need for real-time monitoring of grid assets. The substation automation market is also driven by the increasing adoption of advanced technologies, such as intelligent electronic devices, supervisory control and data acquisition systems, and distribution management systems.

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