Substation Automation Market Size [2023-2029] | To US $ 56.4 Billion, While Exhibiting an Impressive CAGR of 6.9%
[Latest News, Updates & Trend analysis] Substation Automation Market By type (Transmission Substation, Distribution Substations) By Application (Utilities, Steel, Oil & Gas, Mining, Transportation) and by Region (North America, Asia Pacific, Europe, South America, Middle East & Africa), Global trends and forecast from 2019 to 2028
At Stunning 6.9% CAGR, The global Substation Automation Market was valued at over 36.2 Billion in 2022. The market is expected to see significant growth over the coming years, with a forecasted market value of over USD 56.4 Billion by 2028. Substation Automation Market 2023 Manufacturing Construction Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2029 Is Latest Study Published By Exactitude Consultancy.
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Key Insights
- By module, the SCADA segment is anticipated to retain its dominance.
- The ethernet segment is expected to retain its dominance in the global substation automation market by application.
- North America leads the global substation automation market.
- The market’s competitive landscape is fragmented, with large-scale manufacturers controlling a substantial share of the market.
Competitive Landscape of the Global Substation Automation Market
The global substation automation market is fragmented, with large-scale manufacturers controlling a substantial share of the market. Leading market players are making significant investments in R&D activities to expand their product portfolios, which will promote further market growth for substation automation. With significant market developments, including introducing new products, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic initiatives to expand their global footprint.
In order to grow and thrive in a highly competitive and expanding market environment, competitors in the substation automation market must provide affordable products. One of the primary business strategies employed by manufacturers in the global substation automation market is to assist customers and reduce operational costs.
For instance, Relion relays from ABB helped Enel automate and optimize power distribution operations in September 2021. The frequency of power failures and downtime can be decreased with the use of Relion protection relays. It is anticipated that a 20% reduction in isolation time will be made for the problematic network component. Relays are designed for digital substations to improve operational safety and can exchange data across a communication network.
Substation Automation Market: Key Questions Answered in Report
The research study on the market offers inclusive insights about the growth of the market in the most comprehensible manner for better understanding of users. Various insights offered in the report answer some salient questions that assist stakeholders in gauging all emerging possibilities in the market.
- How has rapidly changing business environment acts as major growth engine for the Substation Automation Market?
- What are key trends that are constantly shaping the growth of the Substation Automation Market?
- Which are prominent regions offering plentiful opportunities for the Substation Automation Market?
- What are differential strategies adopted by key players to command a significant chunk of the global market share?
Years considered for this report:
- Historical Years: 2018-2021
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2023-2029
Companies Profiled in Substation Automation Market Report:
hitachi abb power grids, siemens energy, General Electric, cisco, schneider electric, eaton corporation, novatech automation, cadillac automation and controls, and others.
What are the market factors explained in the report?
Key Strategic Developments: The study includes key strategic developments of the Substation Automation Market, comprising R&D, new product launch, mergers and acquisitions, agreements, partnerships, collaborations, joint ventures, and regional growth of key competitors operating in the market globally and region.
Key Market Features: The report analyzed key market features including price, revenue, capacity, supply/demand, capacity utilization rate, gross production, production rate, market share, consumption, import/export, cost, CAGR and gross margin. Furthermore, the report also offers a comprehensive study of the key Substation Automation Market dynamics and its latest trends, along with relevant market segments and sub-segments.
Analytical Tools: The Global Outsourced Substation Automation Market report includes accurately researched and analyzed data on the key industry players and their scope in the market through various analytical tools. Analytical tools such as Porter’s five forces analysis, feasibility study, and ROI analysis have been used to analyze the growth of the key players operating in the market.
Get report analysis:
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
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Key Offerings:
- Past Market Size and Competitive Landscape (2019 to 2022)
- Past Pricing and price curve by region (2019 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Voltage. Type, and End User and region
- 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
Segments Covered in the Report
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
By Type
- Transmission Substation
- Distribution Substations
By Application
- Utilities
- Steel
- Oil & Gas Mining
- Transportation
(Sample reports are a great way to test our in-depth reports or study before you make a purchase)
- Substation Automation Market report also presents the country-wise and region-wise analysis of the Exactitude Consultancy and includes a detailed analysis of the key factors affecting the growth of the market.
- The newly updated, 100+ page reports provide an in-depth analysis of the COVID-19 virus and pandemic.
- Using industry data and interview with experts, you can learn about topics such as regional impact analysis, global forecast, competitive landscape analysis, size & share of regional markets.
- We offer these reports in PDF format so you can read them on your computer and print them out.
- Free sample includes, Industry Operating Conditions, Industry Substation Automation Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter’s 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
- Sample Report further sheds light on the Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis, to offer the readers an advantage over others.
Key Points from TOC:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions
- Global Substation Automation Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
……………
- Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
- Company Profiles
12.1 Overview
12.2 Products and Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
- Strategic Recommendations
TOC Continued……………….
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