Substation Automation Industry Research Report: by Component (Load Tap Controller), Module (Communication Network), Communication Channel (Ethernet, copper wire, power line, and optical fiber communication), Industry (Utility) - Forecast till 2023
Market Overview
The Substation Automation Industry 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.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1016
Substation Automation Industry Segmentation
The Substation Automation Industry has been segmented on the basis of component, module, communication channel, and industry. Based on component, the global substation automation market has been segmented into recloser controller, capacitor bank controller, smart meter, load tap controller and others. Based on module, the global substation automation market has been segmented into SCADA, intelligent electronic device, communication network and others. Based on communication channel, the Substation Automation Industry has been segmented into Ethernet, copper wire communication, power line communication, optical fiber communication and others. Based on industry, the global substation automation market has been segmented into utility, transportation, mining, steel, and others.
Key Players
Some of the prominent players in the Substation Automation Industry are 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.), Cisco Systems, Inc. (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.
Market Research Analysis:
Geographically, the global substation automation market has been segmented into four major regions such as North America, Asia Pacific (APAC), Europe, and the rest of the world. Among these, the North America region commands the major share of the global substation automation market. The factors such as high adoption rate of advanced electronic devices, rapid improvement in internet connectivity, increasing demand for technologically advanced solutions, and increased government funding to convert public infrastructures into smart buildings are majorly propelling the growth of the substation automation market in the North America region. The Asia Pacific (APAC) region is projecting significant growth in the global substation automation market. The factors that are governing the growth of the substation automation market in this region are rapid adoption of advanced technology, development of technologically advanced solutions, improved internet connectivity, and high preference of automation of services in the developing countries such as India, China, Japan and others. High incorporation of technologically advanced solutions and increased government funding for development of automation are majorly fueling the growth of the substation automation market in the Europe region.
Get Complete Report @ https://www.marketresearchfuture.com/reports/substation-automation-market-1016
TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Substation Automation Market: By Region, 2017-2023
Table 2 North America Substation Automation Market: By Country, 2017-2023
Table 3 Europe Substation Automation Market: By Country, 2017-2023
Table 4 Asia Pacific Substation Automation Market: By Country, 2017-2023
Table 5 The Middle East & Africa Substation Automation Market: By Country, 2017-2023
Table 6 Latin America Substation Automation Market: By Country, 2017-2023
Table 7 Global Substation Automation By Component Market: By Regions, 2017-2023
Table 8 North America Substation Automation By Component Market: By Country, 2017-2023
Table 9 Europe Substation Automation By Component Market: By Country, 2017-2023
Table 10 Asia Pacific Substation Automation By Component Market: By Country, 2017-2023
Table 11 he Middle East & Africa Substation Automation By Component Market: By Country, 2017-2023
Table 12 Latin America Substation Automation By Component Market: By Country, 2017-2023
Table 13 Global Substation Automation By Industry Market: By Regions, 2017-2023
Table 14 North America Substation Automation By Industry Market: By Country, 2017-2023
Table 15 Europe Substation Automation By Industry Market: By Country, 2017-2023
Table 16 Asia Pacific Substation Automation By Industry Market: By Country, 2017-2023
Read our Blogs @ http://mrfrblog.com/
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
Substations work by receiving electricity at high voltage and then distributing it at an appropriate level.
This entire process of electricity generation, transmission and distribution depend heavily on intelligent electronic devices (IED) and remotely controlled devices.
The global Substation Automation Market is expecting a 6% CAGR to climb up to USD 51 billion market valuation during the forecast period (2017-2023).
Market research Future’s (MRFR) report indicates at smart grids enhancing grid performance, reliability, and an effort to reduce the transmission and distribution loss as major factors to influence the market growth.
Industrial upheaval in emerging economies is also providing gateways for further market proliferation and prosperity.
Aging infrastructures in many regions need revamping which can contribute to the all over substation automation market growth.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1016Key PlayersSome of the prominent players in the global substation automation market are 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.), Cisco Systems, Inc. (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.Market Research Analysis:Geographic analysis of the substation automation market namely includes North America, Europe, Asia-Pacific, and Rest-of-the-World (RoW).Communication technologies and advanced intelligent electronic device have generated significant market demand across North America, owing to which the region is now enjoying unprecedented growth.
