Press release
Electric Power Substation Automation Market Statistics and Research Analysis Detailed in Latest Research Report 2030
Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/984
The electric power substation automation market report offers a detailed analysis of prime factors that impact the market growth such as key market players, current market developments, and pivotal trends. The report includes an in-depth study of key determinants of the global market including drivers, challenges, restraints, and upcoming opportunities.
The global electric power substation automation market was valued at $4.4 billion in 2022, and is projected to reach $6.9 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
Top Impacting Factors:
The electric power substation automation market analysis is anticipated to expand significantly during the forecast period owing to grid modernization initiatives and increase in demand for electricity globally. Additionally, during the forecast period, the electric power substation automation market is anticipated to benefit regional grid expansion. On the contrary, the high initial investment, and complexity of integration is the restraint for electric power substation automation market growth during the forecast period.
The electric power substation automation market is analyzed across the globe and highlight several factors that affect the performance of the market across the various region including North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
The electric power substation automation market report offers an in-depth analysis of the 10 prime market players that are active in the market. Moreover, it provides their thorough financial analysis, business strategies, SWOT profile, business overview, and recently launched products & services. In addition, the report offers recent market developments such as market expansion, mergers & acquisitions, and partnerships & collaborations. The prime market players studied in the report are ABB Ltd., Itron, Inc., Cisco, Rockwell Automation Inc., Hitachi, Ltd., NovaTech, LLC, Eaton Corporation, Siemens, Honeywell International Inc., Schneider Electric SE.
Segmentation
By Offering
• Software
• Hardware
• Services
By Type
• Transmission Substation
• Distribution Substation
By Component
• Intelligent Electronic Devices (IEDs)
• Programmable logic controller (PLC)
• Supervisory Control and Data Acquisition (SCADA)
• Others
The electric power substation automation market report provides thorough information about prime end-users and annual forecast during the period from 2022 to 2030. Moreover, it offers revenue forecast for every year coupled with sales growth of the market. The forecasts are provided by skilled analysts in the market and after an in-depth analysis of the geography of the market. These forecasts are essential for gaining insight into the future prospects of the electric power substation automation industry.
Request For Customization @ https://www.alliedmarketresearch.com/request-for-customization/984
The Report will help the Readers
- Figure out the market dynamics altogether.
- Inspect and scrutinize the competitive scenario and the future electric power substation automation market landscape with the help of different strictures including Porter's five forces.
- Understand the impact of different government regulations throughout the global health crisis and evaluate the electric power substation automation market condition in the tough time.
- Consider the portfolios of the protruding players functional in the market in consort with the thorough study of their products/services.
- Have a compact idea of the highest revenue generating segment.
The research operandi of the global electric power substation automation market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.
Prime Benefits:
1. The report offers Porter's Five Forces analysis to recognize the ability of buyers and suppliers, which allows business investors to formulate strategic decisions.
2. The report includes an in-depth study of the current market trends and market size along with a forecast of the electric power substation automation market from 2022-2030.
3. The study provides the potential of the industry across several regions coupled with revenue contribution.
4. The report offers a thorough study of the key market players that are active in the electric power substation automation market.
Interested to Procure the Data? Inquire Here (Get Full Insights in PDF): https://www.alliedmarketresearch.com/purchase-enquiry/984
Country Analysis:
Country-wise, the U.S. acquired a prime share in the electric power substation automation market opportunity in the North American region and Canada is expected to grow at a significant CAGR during the forecast period of 2023-2032.
In Europe, rest of Europe, dominated the electric power substation automation market share, in terms of revenue, in 2022 and is expected to follow the same trend during the forecast period. However, the Germany is expected to emerge as the fastest-growing country in Europe's substation automation with a CAGR of 5.45%.
In Asia-Pacific, China, is expected to emerge as a significant market for the electric power substation automation market industry, owing to a significant rise in investment by prime players due to increase in electrification of rural and urban regions.
Browse Full Report: - https://www.alliedmarketresearch.com/electric-power-substation-automation-market
Key takeaways of the report
• An explanatory portrayal of the global market coupled with the current drifts and future estimations to facilitate the investment pockets
• Major revenue generating segment together with regional trends & opportunities
• Qualitative valuation of market drivers, challenges, opportunities, and trends
• Governing procedures and development bents
• Company portfolios along with their investment plans and financial specifics
• Valuation of recent policies & developments and their impact on the market
The market study further promotes a sustainable market scenario on the basis of key product offerings. On the other hand, Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. The report provides an explicit global electric power substation automation market breakdown and exemplifies how the opposition will take shape in the new few years to come. Rendering the top ten industry players functional in the market, the study emphasizes on the policies & approaches integrated by them to retain their foothold in the industry.
Trending Reports in Semiconductor Industry:
Factory Automation Market: https://www.alliedmarketresearch.com/factory-automation-market
Substation Automation Market: https://www.alliedmarketresearch.com/substation-automation-market
Home Automation and Control Market: https://www.alliedmarketresearch.com/home-automation-and-control-market
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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 Electric Power Substation Automation Market Statistics and Research Analysis Detailed in Latest Research Report 2030 here
News-ID: 3168663 • Views: …
More Releases from Allied Market Research
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
Bluetooth 5.0 Market is Projected to Grow Expeditiously: to Reach $11.7 Billion …
As per the report, the global Bluetooth 5.0 market was accounted for $4.2 billion in 2021, and is expected to reach $11.7 billion by 2031, growing at a CAGR of 10.9% from 2022 to 2031.
Bluetooth 5.0 is the newest overarching innovation of Bluetooth, it is the wireless, close-range technology found in smartphones, smartwatches, tablets, wireless headphones and speakers, laptops, desktop computers, and more.
Request Sample Report (Get Full Insights in…
More Releases for Substation
Digital Substation Market Size, Share, Outlook, and Digital Substation Market Tr …
Global digital substation market is valued approximately USD 6.3 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 7.87% over the forecast period 2018-2025. Increasing technological advancements is considered as key trend for the digital substation market. Additionally, the advent of battery technology to generate electricity is also expected to supplement the growth of the market across the globe.
The digital substation market is…
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…
Substation integration Market
Substation integration is a method of protecting, controlling and acquisition of data into a nominal number of platformfor the purpose of reducing operating and capital cost, it also helps in reducingthe control and panel room space, and it also helps to eliminate redundant equipments and databases. The growing adoption of smart grid technology in the utility sector and the need to reduce the distribution and transmission losses in the mode…
Substation Automation Systems
The Insight Partners added “Substation Automation Market 2025 – Global Analysis and Forecasts by Module (Intelligent Electronic Devices, Communication Networks and Scada Systems); Offering (Hardware, Software and Services); Type (Transmission substation and Distribution substation); Installation Type (Retrofit Installation and New Installation) & End-Users (Utility, Steel, Mining, Oil & Gas and Transportation)” to its research database. The report is spread across 150 pages and supported by 10 company leaders.
Substation automation is…
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…
