Press release
Substation Automation Market Share To Rise At 6.2% CAGR, To Reach USD 50.09 Billion By 2032
Substation Automation Market
๐๐ฏ๐๐ฅ๐ฎ๐๐ญ๐ ๐๐จ๐ฎ๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก: ๐๐ง๐ฏ๐๐ข๐ฅ ๐ญ๐ก๐ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐๐ฌ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ - ๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ! https://www.polarismarketresearch.com/industry-analysis/substation-automation-market/request-for-sample
Substation automation, also referred to as a substation automation system, is a collection of software and hardware components that are used for monitoring and controlling an electrical system. Along with enabling local and remote monitoring of electrical systems, substation automation systems automate some repetitive and time-consuming tasks to improve the system's efficiency and productivity.
The functioning of an automated substation can be seen as an integration of two subsystems. These are the control system and the protective system. The control system's functioning in a substation includes data collection, scanning, event recording, and reporting. As for the protective system, it's responsible for tasks such as sensing abnormal conditions, automatic tripping, and backup protection.
The capability of substation automation systems to offer real-time monitoring and control capabilities is anticipated to contribute to the substation automation market growth. Besides, an increase in the number of investments in smart cities and smart grid infrastructure projects is anticipated to impact the market development favorably.
๐๐๐ญ ๐๐ก๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/214/2
๐๐๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข In 2022, the SCADA segment accounted for the largest revenue share in the substation automation market. SCADA systems monitor substation processes and equipment in real-time, identifying and resolving problems quickly, reducing downtime, and improving system effectiveness. This has led to a surge in demand for SCADA systems, increasing revenue in the substation automation market.
โข The hardware segment accounted for the highest market share during the forecast period. The power grid is becoming more efficient due to the growing use of substation automation devices, such as digital relays, intelligent electronic devices, and programmable logic controllers. These devices enable real-time monitoring and control of substation equipment, leading to improved reliability and reduced downtime.
โข In 2022, North America was the largest market contributor in the substation automation market. The market is growing due to the adoption of advanced technologies like IoT, AI, and cloud computing. Also, investments in grid modernization initiatives promoting renewable energy sources are further boosting the market's expansion in North America.
๐๐จ๐ฆ๐ ๐๐ ๐๐ก๐ ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐๐ง ๐๐ก๐ ๐๐ฎ๐๐ฌ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ:
โข ABB Ltd.
โข Cisco Systems Inc.
โข Eaton Corporation PLC
โข General Electric Company
โข Honeywell International Inc.
โข Larsen & Toubro Limited.
โข NovaTech LLC
โข Schneider Electric SE
โข Schweitzer Engineering Laboratories, Inc.
โข Siemens AG
๐๐จ๐ฐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ-๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ง๐๐จ๐ฏ๐๐ซ ๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค! https://www.polarismarketresearch.com/industry-analysis/substation-automation-market
๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ก๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐ญ๐ก๐ ๐ฌ๐ฎ๐๐ฌ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ฆ๐จ๐๐ฎ๐ฅ๐ ๐ญ๐ฒ๐ฉ๐, ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ ๐ญ๐ฒ๐ฉ๐, ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ, ๐๐ง๐ ๐๐ง๐-๐ฎ๐ฌ๐:
๐๐ฎ๐๐ฌ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐จ๐๐ฎ๐ฅ๐ ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข SCADA
โข IED
โข Communication Network
โข Others
๐๐ฎ๐๐ฌ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Hardware
โข Software
โข Services
๐๐ฎ๐๐ฌ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Power Line Communication
โข Ethernet
โข Others
๐๐ฎ๐๐ฌ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ง๐-๐๐ฌ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Industrial
โข Utilities
โข Others
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ ๐จ๐ซ ๐ ๐ฎ๐ซ๐ญ๐ก๐๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฐ๐ข๐ง๐ ๐๐๐ซ๐๐จ๐ฆ๐ ๐๐ก๐๐ซ๐๐ฉ๐๐ฎ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.linkedin.com/pulse/ewing-sarcoma-therapeutics-market-2024-global-size-growth-jacoby-v0phf/
๐๐๐๐ซ๐ข๐ง๐ ๐๐จ๐ฌ๐ฌ ๐๐ข๐ฌ๐๐๐ฌ๐ ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: https://www.linkedin.com/pulse/hearing-loss-disease-treatment-market-forecast-x3qzf/
๐๐๐ญ๐ก๐ฒ๐ฅ๐ฆ๐๐ฅ๐จ๐ง๐ข๐ ๐๐๐ข๐๐๐ฆ๐ข๐ ๐๐๐ซ๐ค๐๐ญ: https://www.linkedin.com/pulse/methylmalonic-acidemia-market-size-share-trends-growth-tiffany-jacoby-fa3vf/
๐๐๐ง๐ญ๐๐ฅ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐๐ฅ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.linkedin.com/pulse/dental-consumables-market-growing-demands-latest-business-jacoby-mdlpf/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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