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Electric Power Substation Automation Market: mainly driven by the rising demand of smart grid solution, 2015 - 2021
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Electric power substation automation is one of the major developments in a substation technology and also a leading aspect of the smart grid revolution. Electric power substation deals with the generation, transmission and distribution of electricity. Substation automation increases the level of convenience of operations, as it enables an electric utility to remotely monitor, control and coordinate the distribution component installed in the substation.
The electric power substation automation market is mainly driven by the rising demand of smart grid solution. Demand for electric power substation automation increases due to the advancement in smart grid technology. However, some factors such as shortage of skilled workforce and high investment cost are expected to hamper the growth of electric power substation automation industry.
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The study segments the global electric power substation automation market on the basis of the module, automation stage, type, applications and regional segment. Different module includes in electric power substation automation market such as hardware, communication network technology, and SCADA. The automation stage segment of electric power substation automation market is categorized into retrofit and new construction automation stage. Transmission, distribution, and collector substation are the types of the electric power substation. Based on application, electric power substation automation market is segmented into utilities and industry.
Major regional segments analyzed in this study include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, further bifurcation of the region on the country level, which includes U.S., Germany, UK, France, China, Japan and India. Asia Pacific dominated electric power substation automation market owing to rising number of smart grid projects in this region.
Some of the key players in electric power substation automation include Schneider Electric, ABB Ltd., Eaton Corporation, Siemens AG, Alstom S.A, CISCO Systems (U.S), Amperion (U.S), and Ingeteam.
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This report segments the global electric power substation automation market as follows:
Global Electric Power Substation Automation Market: Module Segment Analysis
Hardware
Communication Network Technology
SCADA
Global Electric Power Substation Automation Market: Automation Stage Segment Analysis
Retrofit
New construction automation stage
Global Electric Power Substation Automation Market: Type Segment Analysis
Transmission
Distribution
Collector Substation
Global Electric Power Substation Automation Market: Application Segment Analysis
Utilities
Industry
Global Electric Power Substation Automation Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa
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