Substation Automation Market Growth Factors, Trends and Forecast Report to 2022

Global Substation Automation Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Substation automation implies using data from intelligent electronic devices (IED), regulator and automation abilities inside the substation, and control instructions from remote operators to control power-system devices. Additionally, the conventional electronic grid does not support two-way communication.

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Automation helps in reducing distribution and transmission losses. To make the electricity substations automatic, the use of equipment such as superior sensors, precise software, and equipment that simplify two-way communication is involved. Substation Automation Industry is categorized based on modules, offering, installation type, types, industry, and geography.

Substation Automation Market is categorized based on modules such as Communication networks, intelligent electronic devices, SCADA systems. This market is categorized based on offering such as Hardware, Software, and Services. Substation Automation Industry is categorized based on installation types into Retrofit Installations, New Installations. The industry is categorized based on types of Transmission substations, Distribution substations.

Substation Automation Market is categorized based on industry into Mining, Utility, Steel, Oil and gas, Transportation. Substation Automation Industry is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).

Asia-Pacific has been at the forefront with regards to Substation Automation Industry and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Substation Automation Market include Siemens AG, Cisco Systems, Inc., ABB Limited, Schneider Electric SE, Eaton Corporation Plc, General Electric Company, Alstom SA, NovaTech LLC and Encore Networks, Inc, Echelon Corporation. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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