Substation automation is a method of using data from Intelligent Electronic Devices. It refers to controlling and automating the capabilities within the substation and controlling power systems devices through commands from remote users. Increasing improved electricity service demand throughout the world and growing demand for smart grid are the major driver for the growth of market of substation automation.
Robust demand for advanced metering infrastructure and advancement in communication technologies will be fueling the growth of the market in coming years whereas high cost of installation and cyber-attacks can act as restraining factors in the market. The development of smart cities, with more focus on use of renewable resources, will bring new opportunities in the market in coming years.
The "Global Substation Automation Market Analysis to 2027" is a specialized and in-depth study of the substation automation industry with a focus on the global market trend. The report aims to provide an overview of global substation automation market with detailed market segmentation by module, offering, type, installation type, end-users and geography. The global substation automation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global substation automation market based on module, offering, type, installation type and end-users. It also provides market size and forecast till 2027 for overall substation automation market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key substation automation market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are ABB Ltd., Siemens AG, General Electric, Cisco Systems Inc., Schneider Electric, Eaton Corporation PLC, Honeywell International Inc., Schweitzer Engineering Laboratiories Inc., Novatech LLC and Crompton Greaves.