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Global Substation Automation Market Research Report, Size, Share, Revenue, Insights 2023 | Valuates Reports

05-19-2023 05:49 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Global Substation Automation Market

A substation automation system is a collection of hardware and software components that are used to monitor and control an electrical system, both locally and remotely. A substation automation system also automates some repetitive, tedious and error-prone activities to increase the overall efficiency and productivity of the system. In this report, it includes all the components and services providers for the Substation Automation.

The global Substation Automation market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-24P9740/Global_Substation_Automation_Market_Insights_Forecast_to_2028

Asia core substation automation manufacturers include Siemens, Hitachi Energy and NARI Technology etc. The top 10 companies hold a share about 34%. China is the largest market in Asia, with a share about 53%, followed by Japan with a share about 14%.

In terms of product, hardware is the largest segment with a share about 70%. And in terms of application, the largest application is utilities with a share about 51%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Substation Automation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Substation Automation.

The Substation Automation market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Substation Automation market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Substation Automation companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Key Segmentations

By Company
• Hitachi Energy
• Siemens
• GE Grid Solutions
• Schneider Electric
• Eaton
• Toshiba
• Ingeteam
• Honeywell
• ABB
• NARI Technology
• Cisco
• Arteche
• TAKAOKA TOKO
• CG Power (Murugappa Group)
• Power Automation
• Schweitzer Engineering Laboratories
• NovaTech Automation
• Trilliant
• Beijing Sifang Automation
• CYG SUNRI
• LS ELECTRIC
• TBEA
• TeslaTech
• Ashida Electronics
• Integrated Electronic Systems
• Guodian Nanjing Automation
• Dongfang Electronics

Segment by Type
• Hardware
• Software
• Services

Segment by Application
• Utilities
• Metal & Mining
• Oil and Gas
• Transportation
• Others

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-24P9740/global-substation-automation

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