Global Substation Automation Products Market, The

June 2011 | 152 pages | ID: G072BFA5307EN
SBI

Abstracts

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Nations are prioritizing their efforts to revitalize their decaying electric infrastructure by focusing on much-needed upgrades to their substations and ensuring these structures can be seamlessly connected to the Smart Grid.

The burgeoning industry of substation automation involves a plethora of devices, technologies, and business models that require a sophisticated approach to product selection, implementation, interoperability, and skilled engineering.

This SBI Energy report, The Global Substation Automation Products Market, examines the worldwide interest in smart substation development, including the market size and scope of the products, and the uneven pace at which nations are adopting the different substation automation architectures and designs.

The report covers a wide range of products and technologies used to automate substation processes and controls. Through interviews with substation industry experts and extensive secondary research, SBI Energy finds that from 2006-2010 the world has added approximately 2,200 new conventional substations per year, distributed disproportionately across the globe. That number is likely to slow as new construction projects continue to wane in favor of upgrades to established substations and other regions accelerate their movements to renewable energy sources.

Other key findings include:

• SBI Energy forecasts the global market size for substation automation products to reach nearly $106 billion by 2015. Many factors are driving the market growth but the most predominant forces are the aging grid infrastructure, the influence of product marketers to provide multifunctional solutions that comply with strict communication protocols, and advancing technologies required to keep pace with electricity demand.
• The average cost per substation automation initiative will grow at a much slower rate for the period 2011 to 2015 as regions lock in long-term contracts with suppliers and the cost of manufacturing goods sold also drops, especially in commodity product categories such as telecommunications.
• Asia still maintains the greatest number of substations available for automation worldwide, with a 53% share in 2011. The bulk of Asia’s smart substation spending, however, is concentrated on control/protection products and monitoring/recording products.
• Much of Europe’s focus on substation upgrades will be in retrofit of communication networks and SBI Energy expects that sector to realize upwards of a 10% CAGR for the five year period ending 2015 when sales will reach $7.2 billion.
• The U.S. will ease its investment in nearly all of the substation product categories, most notably monitoring/recording products where the market value will drop to $6.8 billion by 2020 from $11.2 billion in 2016.

Contents

CHAPTER 1 EXECUTIVE SUMMARY

Substation Automation Systems

Substation Communication

Three Smart Substation Designs

Total Global Substations

Table 1.1 Total Conventional Substations Worldwide by Region, 2006-2011

Figure 1.1 Percent of Total Conventional Substations Available for Automation by Region, 2006-2020

Smart Grid Costs

Table 1.2 Global Sales (in $ billions) of Smart Grid Products by Smart Grid Category, 2010 vs. 2011 (e)

Retrofit Design Model

Future Substation Design

New Design Architecture

Smart Substation Initial Costs

Table 1.3 Average Cost Per Substation Automation Initiative (in $ millions) by Region, 2011-2015

Table 1.4 Global Sales (in $ billions) Forecast of Substation Automation System Products, 2011-2015

Table 1.5 Global Sales Forecast (in $ billions) of Smart Substation Design Models, 2011-2015

Forecast by SAS Model

Asia Smart Substation Products Market

Table 1.6 Total Substations Available for Automation by Region, 2011-2015

Europe’s Smart Substation Market

Table 1.8 Europe Spending (in $ billions) on Smart Substation Products by Category, 2011-2015

The U.S. Market for Smart Substation Products

Table 1.9 U.S. Spending (in $ billions) on Smart Substation Products by Category, 2011-2015

Factors Driving Future Growth

Table 1.10 Global Smart Substation Products Market Forecast (in $ billions) by Product Sector, 2011-2015

Factors Affecting Regional Spending

Table 1.11 Smart Substation Spending (in $ billions) by Country, 2011 vs. 2015

Smart Substation Long Term Forecast

Table 1.12 Smart Substation Products Market Forecast (in $ billions) by Design Architecture, 2016-2020

Regional Long-Term Forecasts

Table 1.13 Smart Substation Products Forecast (in $ billions) by Global Region, 2011, 2015 & 2020

Table 1.14 Europe Smart Substation Products Spending (in $ billions) by Category, 2016-2020

Table 1.15 Smart Substation Forecast (in $ billions) by Product Category and Architecture Design, 2016-2020

CHAPTER 2 INTRODUCTION

Scope of This Report

Methodology

Substation Defined

The Smart Grid Defined

The Need for a Smart Grid

Figure 2.1 The Electric Grid Today

Table 2.1 Global Electricity Generation by Fuel Source (trillions of KWh), 2005-2030

Figure 2.2 Share of Electricity Generation by Source 2005, 2010 and 2015

Aging Infrastructure

Figure 2.3 Components of the Smart Grid

Smart Grid Deployment

Substation Automation Systems

Main System Components

Advanced Information and Control Products

Smart Meters

Grid Visualization and Control

Phasor Measurement Units (PMUs)

Management Control Products

Integrated Communications Products

Communications Technology

Table 2.4 Smart Grid Interactive Communications Technologies

Power Line Communications

Broadband Over Power Lines

ZigBee

RF Mesh Networks

Z-Wave

Sensing and Response Products

Demand Response

Smart Sensors

Figure 2.5 Typical Smart Grid Connections and Components, Including Smart Meters

Substation Communication

Communication Networks and Systems in Substations

SCADA Systems

Substation Automation Architecture

Three Smart Substation Designs

CHAPTER 3 MARKET SIZE

Figure 3.1 Shares of Total Conventional Substations Worldwide by Region, 2006-2020

Table 3.1 Total Conventional Substations Worldwide by Region, 2006-2011

Table 3.2 Total Conventional Substations Worldwide by Region, 2011-2015

Table 3.3 Total Substations Available for Automation in Europe by Country, 2006, 2011, 2015 & 2020

Table 3.4 Total Substations Available for Automation in Asia by Country, 2006, 2011, 2015, & 2020

Figure 3.2 Percent of Total Conventional Substations Available for Automation by Region, 2006-2020

Figure 3.3 Total Conventional Substations Available for Automation Worldwide, 2006 to 2020

Table 3.5 Total Smart Grid Products Market Size (in $ billions) by Global Region, 2006-2011 (e)

Figure 3.4 Global Market Shares of Smart Grid Products, 2006 vs. 2011 (e)

Smart Grid Costs

Table 3.6 Global Sales (in $ billions) of Smart Grid Products by Smart Grid Category, 2010 vs. 2011 (e)

Table 3.7 Average Cost per Substation (in $ millions) Automation Initiative by Region, 2006-2011

Table 3.8 Global Smart Substation Automation Products Market Size (in $ billions) by Product Sector, 2010 vs. 2011 (e)

Retrofit Design Model

Future Substation Design

New Design Architecture

Condition Monitoring

New Substation Communication Protocols

IEC 60870-5 Protocol

Table 3.7 Average Cost Per Substation Automation Initiative (in $ millions) by Region, 2011-2015

Smart Substation Initial Costs

Table 3.8 Global Sales (in $ billions) Forecast of Substation Automation System Products, 2011-2015

Table 3.9 Global Smart Substation Automation Products Market Sales (in $ billions) Trend by Region, 2006-2011

Table 3.10 Global Smart Substation Automation Products Market Sales (in $ billions) Trend by Region, 2011-2015

Forecast by SAS Model

Table 3.12 Global Sales Forecast (in $ billions) of Smart Substation Design Models, 2011-2015

Table 3.13 Global Sales Forecast (in $ billions) of Retrofit Smart Substation Design Products by Region, 2011-2015

Table 3.14 Global Sales Forecast (in $ billions) of New Smart Substation Design Products by Region, 2011-2015

Table 3.15 Global Sales Forecast (in $ billions) of Future Smart Substation Design Products by Region, 2011-2015

Figure 3.5 Cumulative Spending on Smart Substation Products (in $ billions) by Global Region, 2011-2015

Asia Smart Substation Products Market

Table 3.16 Average Cost Per Substation Automation Project (in $ millions) in U.S., Europe and Asia, by Smart Substation Product Segment, 2011-2015

Table 3.17 Total Substations Available for Automation by Region, 2011-2015

Figure 3.6 Smart Substation Integrated Communications Products Spending as Percent of Total Smart Substation Sales by Region, 2011-2015

Figure 3.7 Share of Smart Substation Spending in Asia by Product Category, 2011, 2015 and 2020

Table 3.18 Asian Market Size (in $ billions) of Substation Automation Products by Sector, 2011-2015

Table 3.19 Cumulative Spending on Smart Substation Products in Asia (in $ billions), 2011-2015

Table 3.20 Spending (in $ billions) on Smart Substation Products by Design Architecture in Asia, 2011-2015

Europe’s Smart Substation Market

Table 3.21 Europe Spending (in $ billions) on Smart Substation Products by Category, 2011-2015

Figure 3.8 Share of Spending by Global Region on Substation Monitoring and Recording Devices (expressed as a Percent of Total Smart Substation Spending), 2011-2015

Table 3.22 Europe’s Cumulative Spending (in $ billions) on Smart Substation Products Categories, 2011 to 2015

Figure 3.9 Share of Spending by Product Category on Smart Substation Products in Europe, 2011, 2015 and 2020

Table 3.23 European Spending (in $ billions) on Smart Substation Products by Substation Architecture, 2011-2015

Figure 3.10 U.S. Cumulative Spending (in $ billions) on Smart Substation Products by Category, 2011-2015

Table 3.24 U.S. Spending (in $ billions) on Smart Substation Products by Substation Architecture, 2011-2015

Figure 3.11 Shares of Smart Substation Products Spending in the U.S. by Category, 2011, 2015, & 2020

Table 3.25 U.S. Spending (in $ billions) on Smart Substation Products by Category, 2011-2015

Projected Number of World Smart Meter Installation

Advanced Metering Infrastructure

Phasor Measurement Unit (PMU) Installations

Communications Network Forecast

Sensing and Response Products

Control and Protection Products

Table 3.26 Sales (in $ billions) of Control and Protection Products (including SCADA) for Substation Automation by Country, 2011-2015

Table 3.27 Sales (in $ billions) of Control and Protection Products (including SCADA) for Substation Automation by Country, 2016-2020

Table 3.28 Global Smart Substation Products Market Forecast (in $ billions) by Product Sector, 2011-2015

Factors Driving Future Growth

Figure 3.12 Smart Substation Products with Fastest CAGR Forecast, 2010-2015

Table 3.29 Global Market Size Forecast (in $ billions) of SAS Products by SAS Design

Communications Systems Growth

Table 3.30 Smart Substation Spending (in $ billions) by Country, 2011 vs. 2015

Factors Affecting Regional Spending

Figure 3.13 Market Share of Smart Substation Product Spending by Country, 2011 vs. 2015

Table 3.31 Sales (in $ billions) of Integrated Communications Products for Substation Automation by Country, 2011-2015

Table 3.32 Sales (in $ billions) of Integrated Communications Products for Substation Automation by Country, 2016-2020

Figure 3.14 Average Cost (in $ millions) per Smart Substation Project by Region, 2006-2020

Smart Substation Long Term Forecast

Table 3.33 Smart Substation Products Market Forecast (in $ billions) by Region, 2016-2020

Table 3.34 Smart Substation Products Market Forecast (in $ billions) by Design Architecture, 2016-2020

Table 3.35 Total Substations by Region, 2016-2020

Table 3.36 Smart Substation Products Long-Term Forecast (in $ billions) by Product Sector, 2016-2020

Regional Long-Term Forecasts

Table 3.37 Smart Substation Products Forecast (in $ billions) by Global Region, 2011, 2015 & 2020

Figure 3.15 Average Cost Per Substation (in $ millions) for Integrated Communications Upgrade by Region, 2011-2020

Table 3.38 Smart Substation Products Forecast (in $ billions) by Product Sector, 2011, 2015 & 2020

Table 3.39 U.S. Smart Substation Products Spending (in $ billions) by Category, 2016-2020

Table 3.40 Europe Smart Substation Products Spending (in $ billions) by Category, 2016-2020

Table 3.41 Asia Smart Substation Products Spending (in $ billions) by Category, 2016-2020

Figure 3.16 Smart Substation Products Spending Forecast as Percent of Total Smart Grid Spending by Region, 2011-2020

Table 3.42 Global Smart Substation Products Forecast (in $ billions) by Product Type, 2016-2020

Figure 3.18 Global Shares of Smart Substation Design Architectures, 2011-2020

Table 3.43 Total Substations Available for Automation, 2016-2020

Figure 3.19 Global Five-Year CAGRs for Smart Substation Products, 2016-2020

Source: SBI Energy

Figure 3.20 Shares of Substations Available for Automation by Region, 2006, 2011, 2015 and 2020

Table 3.44 Smart Substation Forecast (in $ billions) by Architecture Design and Region, 2016-2020

Table 3.45 Smart Substation Forecast (in $ billions) by Product Category and Architecture Design, 2016-2020

CHAPTER 4 COMPETITIVE PROFILES

Subnet Solutions

RuggedCom

Itron, Inc.

Overview

Figure 4.1 Itron Sales (in $billions) and Year-Over-Year Percent Change, 2006-2010

Significant Developments

Open Systems International

Landis + Gyr

Overview

Recent Developments

Echelon Corp

Figure 4.2 Echelon Sales (in $millions) and Year-Over-Year Percent Change, 2006-2010

Silver Spring Network

Trilliant

Cisco Systems

Figure 4.3 Cisco Sales and Year-Over-Year Percent Change, 2006-2010

General Electric

Figure 4.4 Share of General Electric Revenue for 2010, by GE Business Unit ($ in billions)

ABB Group

Table 4.1 ABB Sales (in $ millions) by Division, 2008-2010

Adtran

Figure 4.5 Adtran Sales and Year-Over-Year Percent Change, 2006-2010

Telvent

Figure 4.6 Telvent Share of Sales by Business Unit, 2010 (e)

NovaTech

Orion Automation Platform

Tropos Networks

BPL Global

CHAPTER 5 MARKET CHALLENGES

Standardization of Substation Products

China Releases Smart Grid Standards

IEC 61850 Standard Popularity

Figure 5.1 Benefits of IEC 61850 Protocol in Substations

U.S. Panel Agrees on Interoperability Standards

Europe Embraces IEC 61850

SCADA Standards Organizations

Human Resources Market Challenge