Market Overview

The global substation automation market is growing rapidly. The increasing demand of distributed intelligence is propelling the market growth of application development. For instance, the companies are investing in substation automation which is widely used for the utility industry. The growing urbanization along with increasing demand of electricity is boosting the demand of substation automation market. These controllers are widely used in the utility industry. The real time automation controller which is boosting the demand of substation automation market. These automation controller are rugged, reliable to use and reduces training and flexible for application. It is integrated with human-machine interface which offer offer comprehensive data visualization.

The global substation automation market is segmented into component, module, communication channel, industry, and region. The component is sub-segmented into recloser controller, capacitor bank controller, smart meter, load tap controller and others. The module is sub-segmented into SCADA, intelligent electronic device, communication network and others. The communication channel segment is sub-segmented into Ethernet, copper wire communication, power line communication, optical fiber communication and others. The industry is sub-segmented into utility, transportation, mining, steel, and others. The global market is spanned across North America, Europe, Asia Pacific, and rest of the world.

Market Research Future (MRFR) recognizes the following companies as the key players in the global substation automation market: Schneider Electric (France), Siemens AG (Germany), ABB Group (Switzerland), General Electric (U.S.), Tropos Network (U.S.), EATON Corp. (U.S.), Encore Networks (U.S.), Grid Net (U.S.), Cooper Industries (U.S.), Larsen & Toubro Limited (India), Power System Engineering, Inc. (U.S.), Texas Instruments (U.S.), Axiomtek  Co. Ltd (Taiwan),Toshiba Corporation (Japan), Ametek (U.S.), SAE  IT-systems GmbH & Co. KG (Germany), among others.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1016

According to the Market Research Future Analysis, the global substation automation market is expected to reach USD ~51 Billion by the end of the forecast period at a CAGR of ~9%.

Global Substation Automation Market

Market Research Analysis:

The global substation automation market consists of the North America, Europe, Asia Pacific, and Rest of the world. North America is dominating the global substation automation market. The substation automation market is witnessing the high growth due to increasing demand for advanced metering infrastructure among various industries including utility, transportation, mining, steel, and among others. Europe is projected to hold the second largest share of the global substation automation market during the forecast period due to increasing demand of reducing time of transmission substations. Asia Pacific is expected to witness the highest CAGR in the coming years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Table of Content:

5 Industry Overview Of Global Substation Automation Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Substation Automation Market By Component

7.1 Introduction

7.2 Recloser Controller

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast By Region, 2020-2027

7.3 Capacitor Bank Controller

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast By Region, 2020-2027

7.4 Smart Meter

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast By Region, 2020-2027

7.5 Load Tap Controller

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast By Region, 2020-2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast By Region, 2020-2027

Get Complete Report @ https://www.marketresearchfuture.com/reports/substation-automation-market-1016

About Us

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028                

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com