Substation Automation Market Outlook 2026: Top Companies, Trends, Growth Factors Details by Regions, Types and Applications
Global Substation Automation Market by Manufacturers, Countries, Type and Application, forecast to 2026 Report Provides In-Depth Analysis Of Parent Market Trends, Macro-Economic Indicators And Governing Factors Along With Market Attractiveness As Per Seg
(EMAILWIRE.COM, September 28, 2018 ) The global substation automation market generated $122.2 billion in 2017 and is anticipated to grow at a CAGR of 6.1% during the forecast period.
Substation automation offers enhanced protection, control, automation, monitoring, and communication within a substation. Substation automation uses IEDs, protection relays, metering, and monitoring solutions for improved performance. Substation automation provides automatic supervision of interlocks, equipment diagnostics, local and global alarm and warnings, security control with multiple access levels, and enhanced asset management among others.
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Major Key Player:-
Schneider Electric SE
Cisco Systems
ABB Ltd.
Siemens AG
Eaton Corporation Plc.
General Electric
Honeywell International, Inc.
Larsen & Toubro Limited
Crompton Greaves
Schweitzer Engineering Laboratories Inc.
The demand for substation automation has increased over the years owing to growing adoption of smart cities, and increasing demand for efficient and low-cost solutions in the solar energy sector. The demand for electricity, coupled with high demand for smart grids has increased the adoption of substation automation. The increasing need for efficient and low cost solutions in the solar energy sector further supports substation automation market growth. Growing demand from emerging economies, increasing adoption smart grid applications, and technological advancements are expected to provide numerous growth opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Substation Automation Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
North America generated the highest revenue in 2017 owing to increasing trend of smart cities, and presence of established telecom and cloud infrastructure in this region. The increasing trend of IoT, and growing demand for smart technologies drive the substation automation market growth in the region.
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Competitive Landscape and Key Vendors
The global substation automation market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
Key Segments
Module
Communication Networks
Scada Systems
Intelligent Electronic Devices
Component
Hardware
Software
Services
Type
Distribution Substations
Transmission Substations
Communication Channel
Optical Fiber Communication
Ethernet
Copper Wire Communication
Others
Region
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
Latin America
o Brazil
o Rest of Latin America
Middle East and Africa.
Browse Complete Report Summary @ https://www.polarismarketresearch.com/industry-analysis/substation-automation-market/
About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.
Contact us-
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
Substation automation offers enhanced protection, control, automation, monitoring, and communication within a substation. Substation automation uses IEDs, protection relays, metering, and monitoring solutions for improved performance. Substation automation provides automatic supervision of interlocks, equipment diagnostics, local and global alarm and warnings, security control with multiple access levels, and enhanced asset management among others.
Request for a sample copy of this report @ https://www.polarismarketresearch.com/industry-analysis/substation-automation-market/request-for-free-sample
Major Key Player:-
Schneider Electric SE
Cisco Systems
ABB Ltd.
Siemens AG
Eaton Corporation Plc.
General Electric
Honeywell International, Inc.
Larsen & Toubro Limited
Crompton Greaves
Schweitzer Engineering Laboratories Inc.
The demand for substation automation has increased over the years owing to growing adoption of smart cities, and increasing demand for efficient and low-cost solutions in the solar energy sector. The demand for electricity, coupled with high demand for smart grids has increased the adoption of substation automation. The increasing need for efficient and low cost solutions in the solar energy sector further supports substation automation market growth. Growing demand from emerging economies, increasing adoption smart grid applications, and technological advancements are expected to provide numerous growth opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Substation Automation Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
North America generated the highest revenue in 2017 owing to increasing trend of smart cities, and presence of established telecom and cloud infrastructure in this region. The increasing trend of IoT, and growing demand for smart technologies drive the substation automation market growth in the region.
Make an inquiry for purchasing this report @ https://www.polarismarketresearch.com/industry-analysis/substation-automation-market/inquire-before-buying
Competitive Landscape and Key Vendors
The global substation automation market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
Key Segments
Module
Communication Networks
Scada Systems
Intelligent Electronic Devices
Component
Hardware
Software
Services
Type
Distribution Substations
Transmission Substations
Communication Channel
Optical Fiber Communication
Ethernet
Copper Wire Communication
Others
Region
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
Latin America
o Brazil
o Rest of Latin America
Middle East and Africa.
Browse Complete Report Summary @ https://www.polarismarketresearch.com/industry-analysis/substation-automation-market/
About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.
Contact us-
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
Contact Information:
Polaris Market Research
Neel
Tel: +1-646-568-9980
Email us
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Polaris Market Research
Neel
Tel: +1-646-568-9980
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results