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Global Substation Automation Market 2017-2021

  • Published: Jun 2017
  • Pages: 92
  • SKU: IRTNTR13270
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This industry research report identifies ABB, Eaton, Grid Solutions, Schneider Electric, and Siemens as the key vendors in the global substation automation market. This industry research report also presents a competitive analysis of the market by product (transmission and distribution), by end-user (industrial, commercial and residential), and by geography (the Americas, APAC, and EMEA).

Overview of the global substation automation market

Market research analysts at Technavio predict that the global substation automation market will grow steadily at a CAGR of over 7% by 2021. This market research analysis identifies the growing demand for smart devices in power systems as one of the primary growth factors for this market. Due to the changing dynamics of technology and the advent of smart grid technologies, there is a change in the methodology for power distribution. A smart grid can be defined as smart power system network that can integrate the actions of all the equipment efficiently to deliver sustainable, economic, and secure electricity supplies. Additionally, the huge opportunity to install next-generation, higher-performance components, as a vast number of power devices need replacement due to the aging electricity infrastructure and the substation automation can be largely employed in the smart grids through smart devices to ensure flexible and remote monitoring of overall power distribution process.

One of the latest trends that will gain traction in the substation automation market in the coming years is the Adoption of Internet of things (IoT) into power systems. The Internet of things (IoT) is becoming the next generation technology for utility companies to transmit and distribute power between generating station and distribution substation. Therefore, the enormous benefits of IoT have been continuously increasing the adoption rate of smart devices into the substation. Additionally, IoT is further simplifying the connectivity techniques with the use of highly flexible Internet Protocol version 6 (IPv6)-based protocol addressing systems.

Competitive landscape and key vendors

The substation automation market appears to be competitive due to the presence of a few major players. The major players in this market are continuously trying to retain the market share by diversifying their solutions offering through R&D. For instance, market players are providing customized substation automation solutions to enhance the reliability of the power system at a competitive price. Furthermore, major players are expected to continue their lead in the market through wide product and service offerings during the forecast period.

The leading vendors in the market are -

  • ABB
  • Eaton
  • Grid Solutions
  • Schneider Electric
  • Siemens

The other prominent vendors in the market include Atlantic City Electric, Cisco, Eaton, G&W Electric, Kalkitech, and Kyland Technology.

Segmentation by product and analysis of the substation automation market

  • Transmission
  • Distribution

During 2016, the transmission segment accounted for the major shares and dominated this market. Factors such as an uninterrupted and reliable power transmission through a long distance of traveling wire will contribute to the growth of this industry segment in the coming years. The transmission segment includes automation solutions that are implemented between generating plants and grids and considers all the intermediary power equipment such as transformers, relays, and switches between two points thus, providing an uninterrupted and reliable power transmission.

Geographical segmentation and analysis of the substation automation market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market by 2021. The increase in the number of commercial and residential projects in EMEA is continuously demanding the need for large power supply in these regions are creating an opportunity for substation automation to manage power transmission and distribution more efficiently.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global substation automation market?
  • What are the key market trends impacting the growth of the global substation automation market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global substation automation market?
  • What are the market opportunities and threats faced by the vendors in the global substation automation market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global substation automation market?

Technavio also offers customization on reports based on specific client requirement.

Substation automation implies to using data from intelligent electronic devices (IED), control and automation capabilities within the substation, and control commands from remote users to control power system devices. This upcoming market research report on the substation automation market is an integral part of Technavio’s industrial automation portfolio and offers key insights into the market space for the automation sector. Technavio’s insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.

Additionally, by implementing an extensive research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the automation sector, the upcoming market research report on the substation automation market offers insights into the key market drivers, trends, and eminent challenges that will influence the growth of the key suppliers in this market space. This upcoming market research report also covers vendors like ABB Ltd., Siemens AG, General Electric Cisco Systems, Inc., Schneider Electric, Honeywell International, Inc., Schweitzer Engineering Laboratories, Inc., Crompton Greaves, Igrid T&D, Yamal Lng, I-Tor, Cadillac Automation and Controls, and Tekvel.  

This industry research report on the substation automation market also takes into account the growth of related markets like the industrial wireless market in process industries and industrial wireless sensors market, which are anticipated to post an impressive CAGR of over 7% and above 11%, respectively during the forecast period.

The upcoming industry report on the substation automation market also offers insights into fast-growing segments within the industrial automation industry, including sectors like robotics. Additionally, the report also presents insights into the changing competitive landscape and gives clients a holistic view of the future direction of the industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product

  • Market overview
  • Global substation automation market by transmission
  • Global substation automation market by distribution

PART 07: Market segmentation by end-user

  • Global substation automation market for industrial sector
  • Global substation automation market for commercial sector
  • Global substation automation market for residential sector

PART 08: Geographical segmentation

  • Market overview
  • Substation automation market in EMEA
  • Substation automation market in Americas
  • Substation automation market in APAC

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Market challenges

PART 11: Market trends

PART 12: Vendor landscape

  • Competitive Landscape
  • Other prominent vendors

PART 13: Key vendor analysis

  • ABB
  • Eaton
  • Grid Solutions
  • Schneider Electric
  • Siemens

PART 14: Key Takeaway

PART 15: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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