Global Substation Automation Market - Forecasts from 2017 to 2022
Global substation automation market is projected to expand at a CAGR of 5.92% over the forecast period to reach a total market size of US$103.140 billion by 2022. The process of performing tasks by machines which were once performed by human beings in order to control various equipment in a factory or some industry or to do some work with minimum intervention of human beings is automation. The term automation was coined in the decade of 1940 and can be used in many applications such as manufacturing, services among others. Automation can also be used in power applications. Earlier, power plants have many sensor and action variables, hence automation finds its extensive use in this area and its application streamlined the process in transmission and distribution. The substation is a key component in electricity generation and its transmission as it is used to transform voltage from high to low or low to high and performs other important functions too. Substations are automated so that it can have an intelligent and interactive power distribution network and substation automation is also considered as cutting edge technology in electrical engineering. These systems provide enhanced performance and reliability in electrical protection, improves safety and integrity of electrical power network, exhibit real-time information in a control center and are capable of performing advanced automation functions.
Market Outlook
Substation control has some basic components like transformer loading, temperature, real and reactive power flow, line loading and power factor which are its basic variables. The automated substations are very important as they are efficient in controlling various tasks and protect the system from various unwanted events. The global market for substation automation is influenced by rising number of smart grids which would result in improving efficiency and reliability of grids which will impact electricity transmission. Moreover, the need for lowering the electricity distribution loss and growing need for distributed intelligence has accelerated the global growth of the substation automation growth. However, high investments to set up substation automation can restrain the global market.
Geographic Outlook
Substation automation is increasingly becoming an area of interest as it provides benefits. It is a wider concept than traditional SCADA (supervisory control and data acquisition) and can aid improving operations and maintenance and efficiencies as well as leverage and defer major capital investments. Geographically, North America would drive the market for substation automation across the globe due to rising need in outrage time improving the transmission efficiency and various research activities carried out in this field by the researchers. The need of effectiveness in electricity generation as well as lowering of transmission and distribution loss along with initiatives undertaken by the government for this sector will impact the global growth of this market in Asia Pacific region.
Research Methodology
Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Market Dynamics
Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Substation Automation. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Segmentation
Thirdly, Substation Automation Market has been segmented based on module, offering, industry and geography as follows:
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Crompton Greaves, ABB, General Electric and Siemens AG among others.
Market Outlook
Substation control has some basic components like transformer loading, temperature, real and reactive power flow, line loading and power factor which are its basic variables. The automated substations are very important as they are efficient in controlling various tasks and protect the system from various unwanted events. The global market for substation automation is influenced by rising number of smart grids which would result in improving efficiency and reliability of grids which will impact electricity transmission. Moreover, the need for lowering the electricity distribution loss and growing need for distributed intelligence has accelerated the global growth of the substation automation growth. However, high investments to set up substation automation can restrain the global market.
Geographic Outlook
Substation automation is increasingly becoming an area of interest as it provides benefits. It is a wider concept than traditional SCADA (supervisory control and data acquisition) and can aid improving operations and maintenance and efficiencies as well as leverage and defer major capital investments. Geographically, North America would drive the market for substation automation across the globe due to rising need in outrage time improving the transmission efficiency and various research activities carried out in this field by the researchers. The need of effectiveness in electricity generation as well as lowering of transmission and distribution loss along with initiatives undertaken by the government for this sector will impact the global growth of this market in Asia Pacific region.
Research Methodology
Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Market Dynamics
Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Substation Automation. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Segmentation
Thirdly, Substation Automation Market has been segmented based on module, offering, industry and geography as follows:
- By Module
- Communication Networks
- SCADA Systems
- Intelligent Electronic Devices
- By Offering
- Hardware
- Protective Relays
- Reclose Controllers
- Load Tap Changers
- Others
- Software
- Services
- By Industry
- Energy and Power
- Mining
- Travel and Transport
- Steel
- Oil and Gas
- By Geography
- Americas
- North America
- South America
- Europe Middle East and Africa
- Europe
- The Middle East and Africa
- Asia Pacific
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Crompton Greaves, ABB, General Electric and Siemens AG among others.
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Overview and Segmentations
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Porter's Five Forces
4.6. Supplier Outlook
4.7. Industry Outlook
4.8. Industry Value Chain Analysis
4.9. Scenario Analysis
5. GLOBAL SUBSTATION AUTOMATION MARKET FORECAST BY MODULE (US$ BILLION)
5.1. Communication Networks
5.2. SCADA Systems
5.3. Intelligent Electronic Devices
6. GLOBAL SUBSTATION AUTOMATION MARKET FORECAST BY OFFERING (US$ BILLION)
6.1. Hardware
6.1.1. Protective Relays
6.1.2. Recloser Controllers
6.1.3. Load Tap Changers
6.1.4. Others
6.2. Software
6.3. Services
7. GLOBAL SUBSTATION AUTOMATION MARKET FORECAST BY INDUSTRY (US$ BILLION)
7.1. Energy and Power
7.2. Mining
7.3. Travel and Transport
7.4. Steel
7.5. Oil and Gas
8. GLOBAL SUBSTATION AUTOMATION MARKET FORECAST BY GEOGRAPHY (US$ BILLION)
8.1. Americas
8.1.1. North America
8.1.1.1. US
8.1.1.2. Canada
8.1.1.3. Mexico
8.1.2. South America
8.1.2.1. Brazil
8.1.2.2. Argentina
8.1.2.3. Others
8.2. Europe Middle East and Africa
8.2.1. Europe
8.2.1.1. United Kingdom
8.2.1.2. Germany
8.2.1.3. France
8.2.1.4. Spain
8.2.1.5. Others
8.2.2. Middle East and Africa
8.2.2.1. Saudi Arabia
8.2.2.2. Israel
8.2.2.3. UAE
8.2.2.4. Others
8.3. Asia Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Australia
8.3.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Market Share of Key Players
9.2. Investment Analysis
9.3. Recent Deals
9.4. Strategies of Key Players
10. COMPANY PROFILES
10.1. Crompton Greaves
10.2. ABB
10.3. General Electric
10.4. Siemens AG
10.5. NovaTech
10.6. Cisco
10.7. Toshiba Corporation
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Overview and Segmentations
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Porter's Five Forces
4.6. Supplier Outlook
4.7. Industry Outlook
4.8. Industry Value Chain Analysis
4.9. Scenario Analysis
5. GLOBAL SUBSTATION AUTOMATION MARKET FORECAST BY MODULE (US$ BILLION)
5.1. Communication Networks
5.2. SCADA Systems
5.3. Intelligent Electronic Devices
6. GLOBAL SUBSTATION AUTOMATION MARKET FORECAST BY OFFERING (US$ BILLION)
6.1. Hardware
6.1.1. Protective Relays
6.1.2. Recloser Controllers
6.1.3. Load Tap Changers
6.1.4. Others
6.2. Software
6.3. Services
7. GLOBAL SUBSTATION AUTOMATION MARKET FORECAST BY INDUSTRY (US$ BILLION)
7.1. Energy and Power
7.2. Mining
7.3. Travel and Transport
7.4. Steel
7.5. Oil and Gas
8. GLOBAL SUBSTATION AUTOMATION MARKET FORECAST BY GEOGRAPHY (US$ BILLION)
8.1. Americas
8.1.1. North America
8.1.1.1. US
8.1.1.2. Canada
8.1.1.3. Mexico
8.1.2. South America
8.1.2.1. Brazil
8.1.2.2. Argentina
8.1.2.3. Others
8.2. Europe Middle East and Africa
8.2.1. Europe
8.2.1.1. United Kingdom
8.2.1.2. Germany
8.2.1.3. France
8.2.1.4. Spain
8.2.1.5. Others
8.2.2. Middle East and Africa
8.2.2.1. Saudi Arabia
8.2.2.2. Israel
8.2.2.3. UAE
8.2.2.4. Others
8.3. Asia Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Australia
8.3.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Market Share of Key Players
9.2. Investment Analysis
9.3. Recent Deals
9.4. Strategies of Key Players
10. COMPANY PROFILES
10.1. Crompton Greaves
10.2. ABB
10.3. General Electric
10.4. Siemens AG
10.5. NovaTech
10.6. Cisco
10.7. Toshiba Corporation
