Power Substation Automation and Integration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : Ongoing | Energy & Mining | PPT format

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Global Power Substation Automation and Integration Market: Snapshot

Smart grid infrastructures have fundamentally transformed the electric power industry in a number of developed and developing nations. They play a seminal role in power substation automation and integration and have increased implementation in the electric sector. They essentially consist of advanced control methods and modern system software infrastructure. Out of several components of smart grid, primary are smart sensing & metering technologies and intelligent electronic devices (IEDs), which have greatly helped in the automation of power substations. These intelligent electronic devices contain microprocessors that can provide inputs and outputs to the smart grid system, perform some essential primary control service, and help in the exchange of operational and non-operational data. Most common IEDs include protective relays, load survey, revenue meters, programmable logic controllers (PLCs), and power equipment controllers. Supervisory control and data acquisition (SCADA) systems are the key to operational data management and are used to control and monitor the power system in substation. Smart metering technologies furnish data that help in remote monitoring, manage time-of-use pricing, and enable demand-side management for consumers of utilities. Along with smart metering systems, SCADA have become ubiquitous in smart grid technologies. These components are deployed to improve as well as automate operation and maintenance (O&M) efficiencies. Several vendors offering analytical tools for integrating information technology (IT) and operational technology (OT) capabilities in power substation must ensure that utilities can extract more valuable information from smart meters. Non-operational data consists of important information on event summaries through oscillographic reports and sequential events records. In addition, SCADA also helps grid operators and managers to prevent any security breach and cyberattacks, which has boosted their popularity in power substation automation and integration.

Global Power Substation Automation and Integration Market: Overview

Power substation automation and integration facilities are used to enhance the command, automation, and control within substations. The technology is mainly used in electrical distribution systems. Intelligent electronic devices used to generate data are the most commonly used machines in substation automation.

The report provides a comprehensive market overview covering the various drivers and restraints, and identifying the market opportunities. It is compiled using exhaustive data obtained via proven methods of research and from trusted industrial sources. Presented in a chapter-wise format, the report also includes various graphs, infographs, statistics, and data aimed providing added information regarding the global power substation automation and integration market.

It also studies the effect of Porter’s five forces on the market. The analysis gauges the bargaining power of buyers and sellers, threat from substitutes and new entrants, and the degree of competition prevailing in the market. Information thus compiled in the report is aimed at providing the leading companies a better perspective of the prevailing business dynamics and help them create successful business strategies.

Global Power Substation Automation and Integration Market: Trends and Opportunities

The market is gaining impetus from the increasing adoption of smart grid infrastructures, which are also fast replacing the existing power infrastructures. The rising demand for the former is attributed to the multifunctional solutions they provide, which majorly are in compliance with the advanced protocols of communication. Additionally, the market is expected to gain impetus from the rising need for improving the grid efficiency and reliability.

Despite witnessing positive growth, the high initial investment required to deploy power substation automation and stringent regulations could hamper the market’s trajectory to an extent.

Global Power Substation Automation and Integration Market: Regional Outlook

Regionally, while North America established dominance in the global power substation automation and integration market, Asia Pacific is projected to report a higher CAGR during the course of the report’s forecast period. Due to the considerably high industrial penetration, the demand for power substation automation and integration will continue to remain high in North America. However, the growth witnessed across major economies is likely to stagnate in the forthcoming years, compelling the leading market players to look for opportunities in developing nations. In Asia Pacific they will discover lucrative prospects as emerging nations exhibit rapid industrial growth and flourishing economies.

Global Power Substation Automation and Integration Market: Vendor Landscape

The vendor landscape analysis includes profiles of companies such as ABB Ltd., Cooper Power Systems Inc., Schweitzer Engineering Lab Inc., Alstom S.A., Siemens AG, General Electric Co., and NovaTech LLC among others. The analysis covers financial reports of the companies profiled, an evaluation into the recent business strategies and subsequent effects, strengths and weaknesses, and the evolution of their operations over the years. Based on research thus conducted, the report provides refined outlook to assist the market players, both existing and new entrants, create winning business strategies for the future.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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