Global Substation Automation System Market Size to Increase at CAGR of 7.4%, Forecasts GBI Research

09 Jul 2012 • by Natalie Aster

Global electricity consumption is estimated to have increased at a Compound Annual Growth Rate (CAGR) of 3.6% over the past 10 years. Through 2020, electricity consumption is expected to continue to rise at a similar pace, on account of increasing industrialization and a growing population. Utilities worldwide are focusing on strengthening their electricity infrastructure to meet this growing demand. This is likely to give a positive boost to the power transmission equipment market and in turn the Substation Automation Systems (SAS) market over the coming years.

The new report "Substation Automation System - Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020" by GBI Research states that in 2011, the global SAS market size was valued at $1,434m in terms of revenue. During the forecast period 2012-2020, the global market size is expected to increase at a CAGR of 7.4%.

Report Details:

Substation Automation System - Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020
Published: May, 2012
Pages: 148
Price: US$ 3.995,00

China’s SAS volume accounted for 48.3% of the global market size in 2011. In 2011, China’s SAS market size stood at 969 units, showing an average volume of 1,110 units per year during 2008-2011. During the forecast period 2012-2020, China’s SAS market size is expected to grow at a CAGR of 2.9% to reach 1,270 units in 2020, contributing 52.1% of the total market size. The fast-paced economic growth in China needs to be supported by substantial investments in electricity infrastructure. Also, China’s energy reserves are geographically quite dispersed.

More information can be found in the report “Substation Automation System - Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020” by GlobalData.

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