Press release
Substation Automation Market to reach USD 73.94 Bn. by 2029, emerging at a CAGR of 6.3 percent and forecast 2023-2029
Substation Automation Market
The comprehensive report delves into the analysis of the impact of the COVID-19 lockdown on market leaders, followers, and disrupters. Addressing the diverse implementations of lockdown across regions and countries, the report highlights both short-term and long-term effects on the market. Decision-makers can leverage this information to formulate strategic plans for companies by region. To access the full Research Methodology, request a Free Sample Report.
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Substation Automation Market Research Methodology
The report employs a robust research methodology to provide in-depth insights into the Substation Automation Market. Through detailed analysis and investigation, decision-makers can gain a thorough understanding of market dynamics, structure, and key players. The methodology includes PEST analysis by region, PORTER's analysis, SVOR analysis, and a comprehensive SWOT analysis of key players.
What are Substation Automation Market Dynamics:
Substation Automation Systems (SAS), driven by dedicated software stored in hardware components, enhance the efficient transmission and distribution of electricity. The use of intelligent devices such as protective relays, programmable logical control, and digital transducers monitors and controls substation equipment, reducing power outages. However, the high capital cost for wireless sensor network installation and a lack of technical expertise act as restraints. Despite these challenges, increasing government support in emerging economies, particularly in Asia Pacific, presents growth opportunities.
Substation Automation Market Regional Insights:
The Substation Automation and Integration Market in the Asia Pacific (APAC) region is anticipated to experience substantial growth between 2018 and 2029. Government initiatives in India to advance the power and energy sector, coupled with strategies for substation modernization and smart grid installation, contribute to market growth. Recent developments, such as General Electric's contract with Saudi Arabia for electric substations, demonstrate the global impact of substation automation.
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What is Substation Automation Market Segmentation:
by Module
SCADA
Intelligent electronic devices
Communication Network Technology
by Type
Transmission substations
Distribution substations
by Component
Reclose Controller
Programmable Logical Controller
Capacitor Bank Controller
Digital Transducer/Smart Meter
Load Tap Controller
Communication Channel
Digital Relays
by End-User
Utility
Steel
Mining
Oil and gas
Transportation
by Channel
Ethernet
Power Line Communication
Copper Wire Communication
Optical Fiber Communication
Who are Substation Automation Market Key Players:
1. Schneider Electric
2. EATON Corp.
3. Tropos Network
4. Encore Networks
5. Grid Net
6. ABB Ltd.
7. Siemens AG
8. General Electric
9. Cisco Systems, Inc.
10.Eaton Corporation Plc.
11.Crompton Greaves Ltd.
12.Larsen & Toubro Limited
13.Verson Electric Pvt. Ltd.
14.Trilliant Holdings, Inc.
15.Encore Networks
16.Cooper Industries
17.Power System Engineering, Inc.
18.Texas Instruments
19.Axiomtek Co. Ltd
20.Toshiba Corporation
21.Ametek
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The table of contents for the Substation Automation Market includes:
Global Substation Automation Market: Research Methodology
Global Substation Automation Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Substation Automation Market: Competitive Analysis
MMR Competition Matrix
Market Structure by Region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size, and Forecast by Different Segments | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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