Substation Automation Market was valued USD 48.21 Bn in 2022 and is expected to reach US$ 73.94 Bn by 2029, at CAGR of 6.3% during forecast period of 2022 to 2029.
Substation Automation Market Overview:
The current condition of terminologies, segments, functions, and industry value chain structure was examined in the Substation Automation Market Research Report. The report offers unbiased expert commentary on the current market situation, previous financial position, consumption patterns rates, demand and supply ratios, and revenue generation estimates for the forecasted time. The Substation Automation market report also includes information on the strategic aspirations and company growth plans of the major organizations in the Substation Automation sector. Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Substation Automation market on both the global and regional levels.
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Market Scope:
Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Substation Automation market on both the global and regional levels.
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Segmentation:
by Module
SCADA
Intelligent electronic devices
Communication Network Technology
by Type
Transmission substations
Distribution substations
by Component
Reclose Controller
Programmable Logical Controller
Capacitor Bank Controller
Digital Transducer/Smart Meter
Load Tap Controller
Communication Channel
Digital Relays
by End-User
Utility
Steel
Mining
Oil and gas
Transportation
by Channel
Ethernet
Power Line Communication
Copper Wire Communication
Optical Fiber Communication
Key Players:
The major players covered in the Substation Automation market report are
1. Schneider Electric
2. EATON Corp.
3. Tropos Network
4. Encore Networks
5. Grid Net
6. ABB Ltd.
7. Siemens AG
8. General Electric
9. Cisco Systems, Inc.
10.Eaton Corporation Plc.
11.Crompton Greaves Ltd.
12.Larsen & Toubro Limited
13.Verson Electric Pvt. Ltd.
14.Trilliant Holdings, Inc.
15.Encore Networks
16.Cooper Industries
17.Power System Engineering, Inc.
18.Texas Instruments
19.Axiomtek Co. Ltd
20.Toshiba Corporation
21.Ametek
Regional Analysis:
The region portion of the research also provides key market impacting components and changes in market regulatory oversight that have an impact on the market’s current and future trends. New deals, substitute sales, national demography, regulatory actions, and import-export taxes are some of the major variables used to forecast the market situation for different areas.
COVID-19 Impact Analysis on Substation Automation Market:
The COVID-19 outbreak has had a significant impact on the global Substation Automation industry. Due to the worldwide slump and a lack of employees, Substation Automation manufacturing plants have been halted. The COVID-19 epidemic has caused a significant and long-term drop in production utilization, while travel prohibitions and facility closures have kept personnel away from their workplaces, causing the Substation Automation market to slow down in 2020.
Key Questions Answered in the Substation Automation Market Report are:
Which segment had the largest share in the Substation Automation market?
How was the competitive scenario of the Substation Automation market in 2020?
Which are the key factors responsible for the Substation Automation market growth?
Which region held the maximum share in the Substation Automation market in 2020?
