Substation Monitoring System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Substation Monitoring System Market covers analysis by Component (Hardware, Software); Communication Technology (Wireless, Wired); Sector (Transmission, Distribution); Industry Vertical (Steel, Oil and Gas, Transportation, Utility, Mining) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00008944
  • Category : Energy and Power
  • No. of Pages : 150
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Substation Monitoring System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

The demand for substation monitoring system is rapidly gaining traction with the improvements in IoT-based communication networks and technological advancements. The growing popularity of wireless communication technology for online monitoring purposes in remote electrical substation. The increasing need to reduce the transmission and distribution loss in countries such as China and India is likely to fuel the market growth in the Asia Pacific region during the forecast period. Key players are focusing on various strategies such as contracts, agreements, product launches, and expansion to stay ahead in the industry.

MARKET DYNAMICS

The substation monitoring system market is anticipated to grow in the forecast period owing to the aging infrastructure coupled with demands for reduction in T&D losses. Besides investments by the government is another factor fueling the growth of the substation monitoring system market. However, the installation of wireless sensor networks involves high capital expenditure, and this factor may hamper market growth during the forecast period. On the other hand, demand for renewable energy projects is likely to provide growth opportunities for the players of the substation monitoring system market in the future.

MARKET SCOPE

The "Global Substation Monitoring System Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of substation monitoring system market with detailed market segmentation by component, communication technology, sector, industry vertical, and geography. The global substation monitoring system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading substation monitoring system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global substation monitoring system market is segmented on the basis of component, communication technology, sector, and industry vertical. By component, the market is segmented into hardware and software. Based on communication technology, the market is segmented as wireless and wired. On the basis of the sector, the market is segmented as transmission and distribution. The market on the basis of the industry vertical is classified as steel, oil and gas, transportation, utility, and mining.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global substation monitoring system market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The substation monitoring system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting substation monitoring system market from both demand and supply side and further evaluates market dynamics affecting 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 & Central America after evaluating political, economic, social and technological factors affecting the substation monitoring system market in these regions.

Substation Monitoring System Market Report Analysis

Substation Monitoring System Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • ABB Ltd.
  • CG Power and Industrial Solutions Ltd
  • Cisco Systems, Inc.
  • Eaton Corporation
  • General Electric Company
  • NovaTech, LLC
  • Schneider Electric SE
  • Schweitzer Engineering Laboratories, Inc.
  • Sentient Energy, Inc.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Component
  • Hardware
  • Software
By Communication Technology
  • Wireless
  • Wired
By Sector
  • Transmission
  • Distribution
By Industry Vertical
  • Steel
  • Oil and Gas
  • Transportation
  • Utility
  • Mining
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

The reports cover key developments in the substation monitoring system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from substation monitoring system market are anticipated to lucrative growth opportunities in the future with the rising demand for substation monitoring system in the global market. Below mentioned is the list of few companies engaged in the substation monitoring system market.

The report also includes the profiles of key substation monitoring system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

- ABB Ltd.
- CG Power and Industrial Solutions Ltd
- Cisco Systems, Inc.
- Eaton Corporation
- General Electric Company
- NovaTech, LLC
- Schneider Electric SE
- Schweitzer Engineering Laboratories, Inc.
- Sentient Energy, Inc.
- Siemens AG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Substation Monitoring System Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Hardware
  • Software
By Communication Technology
  • Wireless
  • Wired
By Sector
  • Transmission
  • Distribution
By Industry Vertical
  • Steel
  • Oil and Gas
  • Transportation
  • Utility
  • Mining
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • ABB Ltd.
  • CG Power and Industrial Solutions Ltd
  • Cisco Systems, Inc.
  • Eaton Corporation
  • General Electric Company
  • NovaTech, LLC
  • Schneider Electric SE
  • Schweitzer Engineering Laboratories, Inc.
  • Sentient Energy, Inc.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. ABB Ltd.
    2. CG Power and Industrial Solutions Ltd
    3. Cisco Systems, Inc.
    4. Eaton Corporation
    5. General Electric Company
    6. NovaTech, LLC
    7. Schneider Electric SE
    8. Schweitzer Engineering Laboratories, Inc.
    9. Sentient Energy, Inc.
    10. Siemens AG

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