Substation Automation and Integration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Substation Automation and Integration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Technology & Media

Report Digest

Substation Automation and Integration Market: Overview

Wake of the communicable IEDs (Intelligent Electronic Devices), smart digital communication and progress in information technology have offered enhancements opportunities to the substation automation and integration market. By leveraging substation automation and integration, the utilities is anticipated to witness effective control, monitoring, automation, and protection of the applications, which could not exist by using their conventional counterparts. As a result, an acute demand for substation automation and integration is observed in the electric power industry.

Rise in the global population and their increasing energy needs have intensified the demand for smart utilization of electrical system capabilities. This has hard-pressed the manufacturers of the substation automation and integration market to devise neoteric substation model to offset the challenges faced by the existing substation automation systems with the convergence of technology into space. Owing to this realization, the global substation automation and integration market is anticipated to grow at an impressive pace through the forecast period.

Substation Automation and Integration Market – Novel Developments

  • Recently, Eaton announced the combination of highly-powered services, automation solutions, and equipment in order to modernize the electric grid and improve its productivity with substation automation and integration. By leveraging technology, Eaton will deliver more than the current substation automation and integration capacity and drive productivity. This will ultimately strengthen the current capacity of the grid and curtail any risk by delivering more reliable and cost-effective energy. The innovative energy management circuit breakers and substation automation and integration developed by Eaton will provide smart connectivity to utilities.
  • ABB Information Systems Ltd. recently collaborated with Intel to promote next-gen distribution substation automation and integration. The strategic collaboration is aimed at devising a single centralized unit that is software driven and provides extensive coverage. These substation automation and integration devices will be able to reduce security management and the investment costs, improve operational safety, adapt to the ever-changing network protection requisites, and have enhanced cyber security features.

Some of the most prominent competitors operating in the competitive landscape of global substation automation and integration market include –

  • ABB Ltd.
  • NovaTech LLC
  • Cooper Power Systems Inc.
  • General Electric Co.
  • Schweitzer Engineering Lab Inc.
  • Siemens AG
  • Alstom S.A.
  • Itron
  • GE Energy
  • Amperion
  • Echelon Corporation
  • Infrax Systems
  • Grid Net
  • Cisco Systems
  • Encore Networks
  • Eaton Corporation
  • Ruggedcom
  • Schneider Electric
  • S&C Electric Company
  • Trilliant & Tropos Networks
  • Open Systems
  • Power System
  • GridBridge
  • Utility Systems
  • Basler
  • Ingeteam S.A.

Substation Automation and Integration Market Dynamics

Need to Revamp the Aged Grid Infrastructures to Trigger the Growth of the Substation Automation and Integration Market

The electricity grid has undergone notable transformation since the time it was first developed when the energy requisites were low. With the advent of technology, consumption of electricity has significantly increased. Renewable sources of energy have been leveraged to generate electricity in an environmental-friendly manner. However, the fluctuating power from renewable energies can affect the stability of the grid, which calls for substation automation and integration.

Due to the addition in energy generating methodologies, the traditional electrical grid can be deemed as ineffective and they need to be revamped to make it cost-effective. The increasing demand for reliable, efficient, and secured grid infrastructure by replacing the aged grid infrastructures is prevalent, which can be realized by leveraging substation automation and integration. Eventually, the extensive utilization of automation will trigger the growth of the substation automation and integration market.

North America to Reign Supreme in the Global Substation Automation and Integration Market

Geographically, North America is expected to record impressive growth in the retail, industrial, and hospitality businesses, which have large power requirements. As a result of high industrial penetration, the scope of substation automation and integration is expected to increase in this region.

In addition to this, North America holds a prominent position in the development of advanced technology to meet the grid requisites, thereby creating demand for substation automation and integration. Following the footsteps of North America, Asia Pacific will simultaneously gain lucrative opportunities as the emerging economies continue to seek rapid industrial growth.

Substation Automation and Integration Market Segmentation

The substation automation and integration market can be bifurcated on the basis of substation types, communication network, and regions.

Substation Automation and Integration Market – Substation Types

Depending on the substation types, the substation automation and integration market can be classified into:

  • Collector Substation
  • Transmission Substation
  • Distribution Substation

Substation Automation and Integration Market – Communication Network

On the basis of the communication network, the substation automation and integration market can be segmented into:

  • Ethernet Communication
  • Fiber Optic Communication
  • Power Line Communication
  • Copper Wire Communication

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?