The global substation automation market size is estimated to be USD 39.9 billion in 2021 and is projected to reach USD 54.2 billion by 2026, at a CAGR of 6.3% during the forecast period. The market has a promising growth potential due to several factors, including the surging requirement to retrofit conventional substations, increasing investments in smart cities and smart grid infrastructure development projects, and increasing focus on upgrading IEC 61850 standard to resolve interoperability issue among intelligent electronic devices deployed in substations.
COVID-19 sent both demand-side and supply-side shocks across the global economy. Leading substation automation product and solution providers, such as Cisco (US) and Schneider Electric (France), have incurred significant losses owing to the pandemic. Both companies have reported a decline of approximately 15% and 13%, respectively, in their 2020 half-year revenue compared to the previous year. The impact of COVID-19 may last until June 2021. The situation is almost similar in both emerging and developed economies. As of January 2021, the US and India became the worst COVID-hit countries. Several renewable energy projects in the above-mentioned regions were delayed because of the reduction in power demand from various end-user industries. With the decrease in power demand, it is estimated that there would be negligible investments from the utilities for building new power plants.
“Services: The fastest growing offering segment of the substation automation market.”
The high growth potential of the market can be attributed to the rapid increase in the number of projects pertaining to renewable energy sources such as solar and wind. For instance, Sun Tech Power Holdings (China), a producer of solar modules, plans to invest more in solar energy projects to meet the growing demand for energy with the rapid urbanization in China. Several power-generating companies in China, such as State Grid Corporation of China, China Three Gorges Corporation, and State Power Investment Corporation, are working on 25 wind turbine contracts worth nearly USD 586 billion to generate power. In September 2018, Siemens Energy received an order to design, supply, and build the grid connection for the Triton Knoll offshore wind farm by Germany-based Innogy SE. In February 2020, Hitachi ABB Power Grids’ substation won a contract by Enel Green Power to deliver emission-free solar power to Brazil’s 500 kilovolts (kV) transmission network. These projects would bring great prospects for installation, commissioning, and maintenance services.
“Utilities: The largest segment of substation automation market, by end-user industry.”
The utilities industry is one of the booming application areas of substation automation solutions owing to the high demand for modernization of existing grid infrastructure and installation of smart grids. Growing number of utilities have implemented Internet Protocol (IP) wireless communication technology in substations that enhance the operating efficiency of the substation automation system by providing data related to the current status or condition of equipment, fault classification statistics, and information useful for preventive maintenance of the equipment. Government bodies, in coordination with privately owned utility companies, are setting up smart substations in several countries to meet the power demand from consumers, as well as for the security of the power supply. For example, Hitachi ABB Power Grids is supporting Maharashtra State Electricity Transmission Company Limited (MSETCL) by utilizing ABB Ability-enabled technology in smart substations owned by MSETCL. This technology will be a crucial component of next-generation grids in the country.
“North America is leading the substation automation market, globally, by market share, in 2020”
Based on region, North America dominated the substation automation market in 2020. The commanding position of North America can be contributed to several funding programs introduced by the US and Canadian governments for the modernization of power grids. North American governments are also providing funds to deploy modern technologies in the energy & power sector, which would help the region transit to smarter, stronger, and efficient electric grid systems. Aging grid infrastructure, coupled with stringent government policies regarding the adoption of sustainable power technologies, contributes to the growth of the substation automation market in North America. Several grid modernization projects have been undertaken in the region in the past few years. For instance, in September 2019, Schneider Electric was awarded a contract by BASF (Germany), the largest chemical company in the world, to implement EcoStruxure Asset Advisor in its new electrical substation in Beaumont, Texas. EcoStruxure Asset Advisor evaluates live data from the user’s critical connected assets and applies advanced analytics to identify potential threats.
Breakdown of profiles of primary participants:
- By Company: Tier 1 = 30%, Tier 2 = 50%, and Tier 3 = 20%
- By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
- By Region: North America - 40%, Europe- 30%, APAC - 25%, and RoW - 5%
Major players profiled in this report:
The substation automation market is dominated by key global established players such as Hitachi ABB Power Grids (Switzerland), Siemens Energy (Germany), General Electric (US), Cisco (US), Schneider Electric (France), Eaton Corporation (Ireland), Honeywell (US), Schweitzer Engineering Laboratories (US), NovaTech Automation (US), and CG Power and Industrial Solutions (India).
Research coverage
- This research report segments the global substation automation market based on Offering (Hardware, Software, Services), Type (Transmission, Distribution), Installation Type (New Installations, Retrofit Installations) , End-use Industry (Utilities, Steel, Oil & Gas, Mining, Transportation), Component (IEDs, Communication Networks, SCADA Systems), Communication (Ethernet, Power Line Communication, Copper Wire Communication, Optical Fiber Communication), and Region (North America, Europe, APAC, and RoW).
- The report also provides a comprehensive review of market drivers, restraints, challenges, and opportunities pertaining to the substation automation market and also includes value chain. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall substation automation market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities."
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 General Inclusions and Exclusions
1.2.2 Inclusions and Exclusions at Company Level
1.2.3 Inclusions and Exclusions at Component Level
1.2.4 Inclusions and Exclusions at Offering Level
1.2.5 Inclusions and Exclusions at Type Level
1.2.6 Inclusions and Exclusions at Installation Type Level
1.2.7 Inclusions and Exclusions at Communication Level
1.2.8 Inclusions and Exclusions at End-User Industry Level
1.2.9 Inclusions and Exclusions at Regional Level
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Substation Automation Market Segmentation
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Stakeholders
1.6 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Substation Automation Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Participants in Primary Processes Across Value Chain of Substation Automation Market
2.1.2.3 Breakdown of Primary Interviews
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Generated from Key Market Players in Substation Automation Market
Figure 4 Market Size Estimation Methodology: Approach 2 (Supply Side): Illustration of Revenue Estimation of Key Market Players in Substation Automation Market
Figure 5 Market Size Estimation Methodology: Approach 3 (Demand Side) - Bottom-Up Estimation of Substation Automation Market, by End-User Industry
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size by Bottom-Up Analysis
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size by Top-Down Analysis
Figure 7 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Share Estimation
2.4 Market Breakdown and Data Triangulation
Figure 8 Data Triangulation
2.5 Research Assumptions and Limitations
2.5.1 Assumptions
2.5.2 Limitations
3 Executive Summary
3.1 Scenario Analysis
Figure 9 Comparison of Pre- and Post-COVID-19 Market Size and CAGR of Substation Automation Market, by Scenario, 2017-2026
3.1.1 Pre-COVID-19 Scenario
3.1.2 Pessimistic Scenario (Post-COVID-19)
3.1.3 Optimistic Scenario (Post-COVID-19)
3.1.4 Realistic Scenario (Post-COVID-19)
Figure 10 Hardware Offerings to Account for Largest Size of Substation Automation Market in 2021
Figure 11 Substation Automation Market, by Type, 2021-2026 (USD Billion)
Figure 12 Substation Automation Market for Solar Energy Source Expected to Grow at Highest CAGR from 2021 to 2026
Figure 13 Utilities Industry to Account for Largest Share of Substation Automation Market in 2026
Figure 14 APAC to Register Highest CAGR in Substation Automation Market from 2021 to 2026
4 Premium Insights
4.1 Attractive Growth Opportunities in Substation Automation Market
Figure 15 Automated Substations Will be Adopted at High Rate During Forecast Period
4.2 Substation Automation Market, by End-User Industry
Figure 16 Utilities Industry to Account for Largest Market Size from 2021 to 2026
4.3 Substation Automation Market, by Installation Type
Figure 17 Larger Market Share Will be Captured by Retrofit Installations in 2026
4.4 Substation Automation Market, by Utilities Industry
Figure 18 Renewables Segment to Exhibit Higher CAGR in Substation Automation Market During Forecast Period
4.5 Substation Automation Market, by Offering and Region
Figure 19 North America and APAC Would be Most Favorable Regions for Substation Automation Market in 2026
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Substation Automation Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Investments in Smart Cities and Smart Grid Infrastructure Development Projects
5.2.1.2 Escalating Demand for Data Centers to Support Rapidly Expanding Digital Activities Due to COVID-19-Led Lockdown Globally
Figure 21 Global Data Center Traffic, 2016 Vs. 2021 (Zettabyte)
Figure 22 Estimated Number of Hyperscale Data Centers, by 2021
5.2.1.3 Surging Requirement to Retrofit Conventional Substations
5.2.1.4 Rising Use of Digital Technology to Improve Grid Efficiency in Smart Cities
5.2.1.5 Increasing Focus on Upgrading Iec 61850 Standard to Resolve Interoperability Issue Among Intelligent Electronic Devices Deployed in Substations
Figure 23 Substation Automation Market Drivers: Impact Analysis
5.2.2 Restraints
5.2.2.1 High Initial Installation Cost of IEDs in Substations
5.2.2.2 Huge Requirement for Tremendous Capital Investment for Deployment of Wireless Sensor Networks in Substations for Oil and Gas Facilities
Figure 24 Substation Automation Market Restraints: Impact Analysis
5.2.3 Opportunities
5.2.3.1 Huge Prospects for Substation Automation Market Due to Increasing Investments in Renewable Energy Projects to Meet Growing Energy Demand
Figure 25 Global Investment in Power Sector, by Energy Source, 2019 Vs. 2020 (USD Billion)
5.2.3.2 Increasing Demand for Electric and Hybrid Vehicles
Figure 26 Global Electric Vehicle Sales (2015-2020), Million Units
Figure 27 Substation Automation Market Opportunities: Impact Analysis
5.2.4 Challenges
5.2.4.1 Vulnerability of Smart Substations to Cyber Attacks
5.2.4.2 Slowdown in Power Generation Industry with Outbreak of COVID-19
Figure 28 Substation Automation Market Challenges: Impact Analysis
5.3 Price Trend Analysis
Figure 29 Average Selling Prices of Different Hardware Components Used in Substation Automation Systems, 2017-2026
5.4 Regulatory Update
Table 1 Recent Regulatory Norms
5.5 Value Chain Analysis
Figure 30 Value Chain Analysis: Major Value is Added During Transmission Phase
5.6 Ecosystem Analysis
Figure 31 Key Players in Substation Automation Market Ecosystem
Table 2 Substation Automation Market: Ecosystem
5.7 Porter's Five Forces Analysis
Figure 32 Substation Automation Market: Porter's Five Forces Analysis
Table 3 Substation Automation Market: Porter's Five Forces Analysis
5.7.1 Intensity of Competitive Rivalry
Figure 33 Intensity of Competitive Rivalry: Highly Competitive Market Due to Presence of Several Giant Players
5.7.2 Threat of Substitutes
Figure 34 Threat of Substitutes Likely Would Continue to Have Low Impact During Forecast Period Due to Poor Quality of Substitute Products
5.7.3 Bargaining Power of Buyers
Figure 35 Bargaining Power of Buyers Likely to be Low Due to Presence of Limited Number of Solution Providers
5.7.4 Bargaining Power of Suppliers
Figure 36 Bargaining Power of Suppliers Would be Moderate Due to Moderate Product Differentiation
5.7.5 Threat of New Entrants
Figure 37 Threat of New Entrants Would Have Low Impact on Market Due to Requirement for Huge Capital
5.8 Technology Analysis
Table 4 Importance of IEDs, Scada Systems, and Communication Networks
5.8.1 Conventional Vs. Smart Substations
Table 5 Comparison of Conventional and Smart Substations
5.8.2 Overview of International Standard Communication Protocols
5.8.2.1 IEC 61850
5.8.2.2 IEC 61850-8-1
5.8.2.3 IEC 61850-9-2
5.9 Patent Analysis
5.9.1 Document Type
Table 6 Patents Filed
Figure 38 Patents Filed Between 2011 and 2020
5.9.2 Publication Trend
Figure 39 No. of Patents Filed Each Year Between 2011 and 2020
5.9.3 Jurisdiction Analysis
Figure 40 Jurisdiction Analysis
5.9.4 Top Patent Owners
Figure 41 Top 10 Companies with Highest Number of Patent Applications from 2011 to 2020
Table 7 Top 20 Patent Owners (Us) in Last 10 Years
5.9.5 Schweitzer Engineering Laboratories
Table 8 Some Key Innovations and Patent Registrations from Sel
5.10 Trade Analysis
Figure 42 Export for Products Classified Under Hs Code: 853720, by Key Countries, 2015-2019
Table 9 Export Scenario for Hs Code: 853720-Based Products, by Country, 2015-2019 (USD Thousand)
Figure 43 Import for Products Classified Under Hs Code: 853720, by Key Countries, 2015-2019
Table 10 Import Scenario for Hs Code: 853720-Based Products, by Country, 2015-2019 (USD Thousand)
5.11 Case Study Analysis
5.11.1 Hitachi Abb Power Grids Fast-Tracks Grid Connection to Serve Dublin's Data Center Boom
5.11.2 Hydro One Leads Way in Smart Meter Deployment with Trilliant
6 Components of Substation Automation System
6.1 Introduction
Figure 44 Substation Automation Market, by Component
6.2 Intelligent Electronic Devices
6.2.1 High Demand for IEDs Can be Attributed to Increasing Number of Smart Grid Initiatives Worldwide
6.3 Communication Networks
Figure 45 Substation Automation Market, by Communication Network
6.3.1 Wired Communication
6.3.1.1 Fiber Optic is Preferred Medium for Networking in Substation Automation Because of Its Flexibility and High Speed
6.3.2 Wireless Communication
6.3.2.1 Wireless Communication is Possible Through Microwaves, Radio Waves, Satellites, and General Packet Radio Services
6.4 Scada Systems
6.4.1 Surged Demand for Industrial Mobility Solutions to Efficiently Manage Process Industries to Foster Market Growth
7 Substation Automation Market, by Offering
7.1 Introduction
Figure 46 Substation Automation Market, by Offering
Table 11 Substation Automation Market, by Offering, 2017-2020 (USD Billion)
Table 12 Substation Automation Market, by Offering, 2021-2026 (USD Billion)
7.2 Hardware
Figure 47 Substation Automation Market, by Hardware
Table 13 Substation Automation Market, by Hardware, 2017-2020 (USD Billion)
Table 14 Substation Automation Market, by Hardware, 2021-2026 (USD Billion)
Figure 48 Shipments for Protective Relays, Recloser Controllers, and Capacitor Banks, 2020 Vs. 2026 (Thousand Units)
Table 15 Substation Automation Market for Hardware, by Region, 2017-2020 (USD Billion)
Table 16 Substation Automation Market for Hardware, by Region, 2021-2026 (USD Billion)
7.2.1 Smart Meters
7.2.1.1 Increasing Demand for Smart Meters to Regulate Energy Consumption at Utilities
7.2.2 Programmable Logic Controllers
7.2.2.1 Rising Adoption of plcs to Meet Growing Need to Monitor Crucial Process Parameters and Accordingly Adjust Process Operations
7.2.3 Protective Relays
7.2.3.1 Surging Demand for Protective Relays from Smart Substations to Detect Faults
7.2.4 Load Tap Changers
7.2.4.1 Growing Requirement of Load Tap Changers to Ensure Smooth Operation of Substations
7.2.5 Recloser Controllers
7.2.5.1 Accelerating Need for Recloser Controllers to Ensure Reliable and Safe Power Operations in Substations
7.2.6 Capacitor Banks
7.2.6.1 Escalating Demand for Automated Capacitor Banks That Are Compatible with Iec 61850 Communication Protocol
7.2.7 Others
7.3 Software
Figure 49 Substation Automation Market, by Software
Table 17 Substation Automation Market for Software, by Region, 2017-2020 (USD Billion)
Table 18 Substation Automation Market for Software, by Region, 2021-2026 (USD Billion)
7.3.1 Asset Management
7.3.1.1 Asset Management Software Improves Reliability and Reduces Operational Risks
7.3.2 Production Management
7.3.2.1 Production Management Software Reduces Overall Production Costs
7.3.3 Performance Management
7.3.3.1 Performance Management Software Protects Assets from Theft and Damage
7.4 Services
Figure 50 Substation Automation Market, by Service
Table 19 Substation Automation Market for Services, by Region, 2017-2020 (USD Billion)
Table 20 Substation Automation Market for Services, by Region, 2021-2026 (USD Billion)
7.4.1 Training and Development
7.4.1.1 Training and Development Enhance Workers’ Skills Related to Operations of Power Grids
7.4.2 Upgrades and Retrofits
7.4.2.1 Upgrade and Retrofit Services Enable Substation Owners and Operators to Seek Benefits from Technological Advancements
7.4.3 Installation and Commissioning
7.4.3.1 Commissioning Process Helps Utilities Deal with Potentially Volatile Situations Occurring During Substation Installation
7.4.4 Repair, Testing, and Maintenance
7.4.4.1 Maintenance of Assets is Critical to Achieve Reliable Supply of Electricity and Ensure Compliance with Regulations
8 Substation Automation Market, by Type
8.1 Introduction
Figure 51 Substation Automation Market, by Type
Table 21 Substation Automation Market, by Type, 2017-2020 (USD Billion)
Table 22 Substation Automation Market, by Type, 2021-2026 (USD Billion)
8.2 Transmission Substations
8.2.1 Transmission Substations to Account for Larger Market Share in 2026
Table 23 Substation Automation Market for Transmission Substations, by Region, 2017-2020 (USD Billion)
Table 24 Substation Automation Market for Transmission Substations, by Region, 2021-2026 (USD Billion)
8.3 Distribution Substations
8.3.1 Distribution Substations to Witness Increased Demand from APAC from 2021 to 2026
Table 25 Substation Automation Market for Distribution Substations, by Region, 2017-2020 (USD Billion)
Table 26 Substation Automation Market for Distribution Substations, by Region, 2021-2026 (USD Billion)
9 Substation Automation Market, by Installation Type
9.1 Introduction
Figure 52 Retrofit Installations to Hold Larger Share of Substation Automation Market During Forecast Period
Table 27 Substation Automation Market, by Installation Type, 2017-2020 (USD Billion)
Table 28 Substation Automation Market, by Installation Type, 2021-2026 (USD Billion)
9.2 Retrofit Installations
9.2.1 Increased Need to Upgrade Conventional Substations to Improve Operational Efficiency
Table 29 Substation Automation Market for Retrofit Installations, by Region, 2017-2020 (USD Billion)
Table 30 Substation Automation Market for Retrofit Installations, by Region, 2021-2026 (USD Billion)
9.3 New Installations
9.3.1 Greater Operational Safety and Reliability and Lower Maintenance Requirement Offered by New Installations
Table 31 Substation Automation Market for New Installations, by Region, 2017-2020 (USD Billion)
Table 32 Substation Automation Market for New Installations, by Region, 2021-2026 (USD Billion)
10 Communication Technologies Used in Substation Automation Systems
10.1 Introduction
Figure 53 Communication Technologies Used in Substation Automation Systems
10.2 Ethernet
10.2.1 Ethernet Switches Manage Data Traffic and Reduce Data Transmission Crashes
10.3 Power Line Communication
10.3.1 plc Solutions Transform Distribution System Operators’ Assets into Highly Capable Smart Grid Infrastructure
10.4 Copper Wire Communication
10.4.1 Copper Wire Communication Networks Are Vulnerable to Intra-Substation Electromagnetic and Radiofrequency, Ground Potential Rise, and Signal Ground Loop
10.5 Optical Fiber Communication
10.5.1 Optical Fiber Cables Are Used in Substations for Fast and Secure Communication
11 Substation Automation Market, by End-User Industry
11.1 Introduction
Figure 54 Substation Automation Market, by End-User Industry
Figure 55 Utilities Industry to Lead Substation Automation Market from 2021 to 2026
Table 33 Substation Automation Market, by End-User Industry, 2017-2020 (USD Billion)
Table 34 Substation Automation Market, by End-User Industry, 2021-2026 (USD Billion)
11.2 Utilities
Figure 56 Substation Automation Market for Utilities Industry, by Energy Source
Table 35 Substation Automation Market for Utilities Industry, by Energy Source, 2017-2020 (USD Billion)
Table 36 Substation Automation Market for Utilities Industry, by Energy Source, 2021-2026 (USD Billion)
Table 37 Substation Automation Market for Utilities Industry, by Region, 2017-2020 (USD Billion)
Table 38 Substation Automation Market for Utilities Industry, by Region, 2021-2026 (USD Billion)
11.2.1 Non-Renewables
11.2.1.1 Larger Share of Non-Renewable Power Sources for Utilities Segment Creating Need for Digital Substations
11.2.2 Renewables
11.2.2.1 Low-Cost Energy Generation Using Renewable Sources Leading to Adoption of Automated Substations
Figure 57 Substation Automation Market, by Renewable
Table 39 Substation Automation Market for Utilities Industry, by Renewable Energy Source, 2017-2020 (USD Billion)
Table 40 Substation Automation Market for Utilities Industry, by Renewable Energy Source, 2021-2026 (USD Billion)
11.2.2.2 Solar
11.2.2.3 Wind
11.3 Steel
11.3.1 Automated Substation Systems Are Increasingly Being Used in Steel Industry to Ensure Improved Quality and Uninterrupted Power Supply
Table 41 Substation Automation Market for Steel Industry, by Region, 2017-2020 (USD Billion)
Table 42 Substation Automation Market for Steel Industry, by Region, 2021-2026 (USD Billion)
11.4 Mining
11.4.1 Mining Plants Witness Surged Deployment of Substation Automation Solutions to Ensure Energy Efficiency Improvement and Cost Saving
Table 43 Substation Automation Market for Mining Industry, by Region, 2017-2020 (USD Billion)
Table 44 Substation Automation Market for Mining Industry, by Region, 2021-2026 (USD Billion)
11.5 Oil & Gas
11.5.1 Reduced Oil Prices Are Discouraging Oil & Gas Companies in Developed Nations to Invest in Digital Substations
Table 45 Substation Automation Market for Oil & Gas Industry, by Region, 2017-2020 (USD Billion)
Table 46 Substation Automation Market for Oil & Gas Industry, by Region, 2021-2026 (USD Billion)
11.6 Transportation
11.6.1 Accelerated Implementation of Automated Substations is Observed in Transportation Industry to Ensure Uninterrupted Power Supply for Railways and Metros
Table 47 Substation Automation Market for Transportation Industry, by Region, 2017-2020 (USD Million)
Table 48 Substation Automation Market for Transportation Industry, by Region, 2021-2026 (USD Million)
12 Substation Automation Market, by Region
12.1 Introduction
Figure 58 Geographic Snapshot of Substation Automation Market, 2021-2026
Figure 59 North America to Account for Largest Size of Substation Automation Market During Forecast Period
Table 49 Substation Automation Market, by Region, 2017-2020 (USD Billion)
Table 50 Substation Automation Market, by Region, 2021-2026 (USD Billion)
12.2 North America
Figure 60 North America: Snapshot of Substation Automation Market
Figure 61 Canada Would be Fastest-Growing Market for Substation Automation from 2021 to 2026
Table 51 Substation Automation Market in North America, by Country, 2017-2020 (USD Billion)
Table 52 Substation Automation Market in North America, by Country, 2021-2026 (USD Billion)
Table 53 Substation Automation Market in North America, by End-User Industry, 2017-2020 (USD Billion)
Table 54 Substation Automation Market in North America, by End-User Industry, 2021-2026 (USD Billion)
Table 55 Substation Automation Market in North America, by Type, 2017-2020 (USD Billion)
Table 56 Substation Automation Market in North America, by Type, 2021-2026 (USD Billion)
Table 57 Substation Automation Market in North America, by Installation Type, 2017-2020 (USD Billion)
Table 58 Substation Automation Market in North America, by Installation Type, 2021-2026 (USD Billion)
Table 59 Substation Automation Market in North America, by Offering, 2017-2020 (USD Billion)
Table 60 Substation Automation Market in North America, by Offering, 2021-2026 (USD Billion)
Table 61 Substation Automation Market in North America, by Communication Network, 2017-2020 (USD Billion)
Table 62 Substation Automation Market in North America, by Hardware, 2017-2020 (USD Billion)
Table 63 Substation Automation Market in North America, by Hardware, 2021-2026 (USD Billion)
Table 64 Substation Automation Market in North America for Utilities Industry, by Energy Source, 2017-2020 (USD Billion)
Table 65 Substation Automation Market in North America for Utilities Industry, by Energy Source, 2021-2026 (USD Billion)
Table 66 Substation Automation Market in North America in Utilities Industry, by Renewable Energy Source, 2017-2020 (USD Billion)
Table 67 Substation Automation Market in North America for Utilities Industry, by Renewable Energy Source, 2021-2026 (USD Billion)
12.2.1 US
12.2.1.1 Utilization of Renewable Sources for Power Generation
12.2.2 Canada
12.2.2.1 Need for Replacement of Aging Electricity Infrastructure
12.2.3 Mexico
12.2.3.1 Liberalization in Electricity Generation Market Leading to High Competition Among Energy Producers
12.2.4 Impact of COVID-19 on Substation Automation Market in North America
Figure 62 Pre- and Post-COVID-19 Market Scenarios for Substation Automation Market in North America
12.3 Europe
Figure 63 Europe: Snapshot of Substation Automation Market
Figure 64 Germany to Capture Largest Size of Substation Automation Market During Forecast Period
Table 68 Substation Automation Market in Europe, by Country, 2017-2020 (USD Billion)
Table 69 Substation Automation Market in Europe, by Country, 2021-2026 (USD Billion)
Table 70 Substation Automation Market in Europe, by End-User Industry, 2017-2020 (USD Billion)
Table 71 Substation Automation Market in Europe, by End-User Industry, 2021-2026 (USD Billion)
Table 72 Substation Automation Market in Europe, by Type, 2017-2020 (USD Billion)
Table 73 Substation Automation Market in Europe, by Type, 2021-2026 (USD Billion)
Table 74 Substation Automation Market in Europe, by Installation Type, 2017-2020 (USD Billion)
Table 75 Substation Automation Market in Europe, by Installation Type, 2021-2026 (USD Billion)
Table 76 Substation Automation Market in Europe, by Offering, 2017-2020 (USD Billion)
Table 77 Substation Automation Market in Europe, by Offering, 2021-2026 (USD Billion)
Table 78 Substation Automation Market in Europe, by Hardware, 2017-2020 (USD Billion)
Table 79 Substation Automation Market in Europe, by Hardware, 2021-2026 (USD Billion)
Table 80 Substation Automation Market in Europe for Utilities Industry, by Energy Source, 2017-2020 (USD Billion)
Table 81 Substation Automation Market in Europe for Utilities Industry, by Energy Source, 2021-2026 (USD Billion)
Table 82 Substation Automation Market in Europe, by Renewable Energy Source, 2017-2020 (USD Billion)
Table 83 Substation Automation Market in Europe, by Renewable Energy Source, 2021-2026 (USD Billion)
12.3.1 UK
12.3.1.1 Strong Need to Improve Grid Efficiency and Reliability of Substation Solutions Creating Demand for Automation in Utilities
12.3.2 Germany
12.3.2.1 Government Investment Toward Modernization of Existing Grid Infrastructure
12.3.3 France
12.3.3.1 High Focus on Generating Energy Using Renewable Sources to Boost Demand for Substation Automation
12.3.4 Rest of Europe
12.3.5 Impact of COVID-19 on Substation Automation Market in Europe
Figure 65 Pre- and Post-COVID-19 Market Scenarios for Substation Automation Market in Europe
12.4 APAC
Figure 66 APAC: Snapshot of Substation Automation Market
Figure 67 India to Exhibit Highest CAGR in Substation Automation Market During Forecast Period
Table 84 Substation Automation Market in APAC, by Country, 2017-2020 (USD Billion)
Table 85 Substation Automation Market in APAC, by Country, 2021-2026 (USD Billion)
Table 86 Substation Automation Market in APAC, by End-User Industry, 2017-2020 (USD Billion)
Table 87 Substation Automation Market in APAC, by End-User Industry, 2021-2026 (USD Billion)
Table 88 Substation Automation Market in APAC, by Type, 2017-2020 (USD Billion)
Table 89 Substation Automation Market in APAC, by Type, 2021-2026 (USD Billion)
Table 90 Substation Automation Market in APAC, by Installation Type, 2017-2020 (USD Billion)
Table 91 Substation Automation Market in APAC, by Installation Type, 2021-2026 (USD Billion)
Table 92 Substation Automation Market in APAC, by Offering, 2017-2020 (USD Billion)
Table 93 Substation Automation Market in APAC, by Offering, 2021-2026 (USD Billion)
Table 94 Substation Automation Market in APAC, by Hardware, 2017-2020 (USD Billion)
Table 95 Substation Automation Market in APAC, by Hardware, 2021-2026 (USD Billion)
Table 96 Substation Automation Market in APAC for Utilities Industry, by Energy Source, 2017-2020 (USD Billion)
Table 97 Substation Automation Market in APAC for Utilities Industry, by Energy Source, 2021-2026 (USD Billion)
Table 98 Substation Automation Market in APAC, by Renewable Energy Source, 2017-2020 (USD Billion)
Table 99 Substation Automation Market in APAC, by Renewable Energy Source, 2021-2026 (USD Billion)
12.4.1 China
12.4.1.1 Rapid Development in Renewable Energy Projects
12.4.2 Japan
12.4.2.1 Increased Focus on Rebuilding Power Grids and Substations
12.4.3 South Korea
12.4.3.1 High Focus on Digitalization of Grids
12.4.4 India
12.4.4.1 Increased Government Funding to Enhance Renewable Power Generation Capacity
12.4.5 Australia
12.4.5.1 High Focus of Country on Installation of Digital Substations in Long Run
12.4.6 Rest of APAC
12.4.7 Impact of COVID-19 on Substation Automation Market in APAC
Figure 68 Pre- and Post-COVID-19 Market Scenarios for Substation Automation Market in APAC
12.5 RoW
Table 100 Substation Automation Market in RoW, by Region, 2017-2020 (USD Billion)
Table 101 Substation Automation Market in RoW, by Region, 2021-2026 (USD Billion)
Table 102 Substation Automation Market in RoW, by End-User Industry, 2017-2020 (USD Billion)
Table 103 Substation Automation Market in RoW, by End-User Industry, 2021-2026 (USD Billion)
Table 104 Substation Automation Market in RoW, by Type, 2017-2020 (USD Billion)
Table 105 Substation Automation Market in RoW, by Type, 2021-2026 (USD Billion)
Table 106 Substation Automation Market in RoW, by Installation Type, 2017-2020 (USD Billion)
Table 107 Substation Automation Market in RoW, by Installation Type, 2021-2026 (USD Billion)
Table 108 Substation Automation Market in RoW, by Offering, 2017-2020 (USD Billion)
Table 109 Substation Automation Market in RoW, by Offering, 2021-2026 (USD Billion)
Table 110 Substation Automation Market in RoW, by Hardware, 2017-2020 (USD Billion)
Table 111 Substation Automation Market in RoW, by Hardware, 2021-2026 (USD Billion)
Table 112 Substation Automation Market in RoW for Utilities Industry, by Energy Source, 2017-2020 (USD Billion)
Table 113 Substation Automation Market in RoW for Utilities Industry, by Energy Source, 2021-2026 (USD Billion)
Table 114 Substation Automation Market in RoW, by Renewable Energy Source, 2017-2020 (USD Billion)
Table 115 Substation Automation Market in RoW, by Renewable Energy Source, 2021-2026 (USD Billion)
12.5.1 Middle East & Africa
12.5.1.1 Growing Need for High-Voltage Substations in Middle East and Africa
12.5.2 South America
12.5.2.1 High Dependence of Region on Hydropower Projects for Electricity Generation
12.5.3 Impact of COVID-19 on Substation Automation Market in RoW
Figure 69 Pre- and Post-COVID-19 Market Scenarios for Substation Automation Market in RoW
13 Competitive Landscape
13.1 Introduction
Figure 70 Key Growth Strategies of Leading Players in Substation Automation Market Between January 2017 and January 2021
13.2 Historical Revenue Analysis of Major Players in Substation Automation Market
Figure 71 Revenue Analysis for Key Companies from 2015 to 2019 (USD Billion)
13.3 Market Share Analysis of Key Companies, 2020
Table 116 Substation Automation Market: Degree of Competition
Table 117 Share of Leading Players in Substation Automation Market, 2020
Table 118 Market Ranking Analysis: Substation Automation Market, 2020
13.4 Competitive Scenario
Figure 72 Product Launches Emerged as Key Strategy Adopted by Players in Substation Automation Market Between January 2017 and January 2021
13.4.1 Product Launches
Table 119 Substation Automation Market: Product Launches, January 2017-January 2021
13.4.2 Deals
Table 120 Substation Automation Market: Deals, January 2017-January 2021
13.5 Company Evaluation Matrix, 2020
13.5.1 Star
13.5.2 Pervasive
13.5.3 Participant
13.5.4 Emerging Leader
Figure 73 Substation Automation Market (Global), Company Evaluation Matrix (2020)
13.6 Product Footprint Analysis of Top Players
Figure 74 Product Footprint Analysis of Top Players in Substation Automation Market
13.7 Market Share/Rank
Figure 75 Market Share/Rank Analysis of Top Players in Substation Automation Market
13.8 Startup/SME Evaluation Matrix, 2020
13.8.1 Progressive Companies
13.8.2 Responsive Companies
13.8.3 Dynamic Companies
13.8.4 Starting Blocks
Figure 76 Substation Automation Market (Global), Startup/SME Evaluation Matrix (2020)
13.9 Competitive Benchmarking
Table 121 Company Industry Footprint
Table 122 Company Region Footprint
Table 123 Company Footprint
14 Company Profiles
14.1 Introduction
14.2 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View)*
14.2.1 Hitachi Abb Power Grids
Table 124 Hitachi Abb Power Grids: Business Overview
14.2.2 Siemens Energy
Table 125 Siemens Energy: Business Overview
Figure 77 Siemens Energy: Company Snapshot
14.2.3 General Electric
Table 126 General Electric: Business Overview
Figure 78 General Electric: Company Snapshot
14.2.4 Cisco
Table 127 Cisco: Business Overview
Figure 79 Cisco: Company Snapshot
14.2.5 Schneider Electric
Table 128 Schneider Electric: Business Overview
Figure 80 Schneider Electric: Company Snapshot
14.2.6 Eaton Corporation
Table 129 Eaton Corporation: Business Overview
Figure 81 Eaton Corporation: Company Snapshot
14.2.7 Honeywell
Table 130 Honeywell: Business Overview
Figure 82 Honeywell: Company Snapshot
14.2.8 Schweitzer Engineering Laboratories
Table 131 Sel: Business Overview
14.2.9 Novatech Automation
Table 132 Novatech Automation: Business Overview
14.2.10 CG Power and Industrial Solutions
Table 133 CG Power and Industrial Solutions: Business Overview
Figure 83 CG Power and Industrial Solutions: Company Snapshot
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View Might Not be Captured in Case of Unlisted Companies.
14.3 Other Important Players
14.3.1 Itron
14.3.2 Igrid T&D
14.3.3 Cadillac Automation and Controls
14.3.4 Tekvel
14.3.5 Trilliant
14.3.6 Encore Networks
14.3.7 Cross Canyon Engineering
14.3.8 Power System Engineering
14.3.9 Venson Electric
14.3.10 Sae-It Systems
14.3.11 Arteche
14.3.12 Sisco
14.3.13 MB Control and Systems
14.3.14 Teslatech
14.3.15 Selta
15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: The Subscription Portal
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details
Executive Summary
Companies Mentioned
- Arteche
- Cadillac Automation and Controls
- CG Power and Industrial Solutions
- Cisco
- Cross Canyon Engineering
- Eaton Corporation
- Encore Networks
- General Electric
- Hitachi Abb Power Grids
- Honeywell
- Igrid T&D
- Itron
- MB Control and Systems
- Novatech Automation
- Other Important Players
- Power System Engineering
- SAE-IT Systems
- Schneider Electric
- Schweitzer Engineering Laboratories
- Selta
- Siemens Energy
- Sisco
- Tekvel
- Teslatech
- Trilliant
- Venson Electric
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | March 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 39.9 billion |
| Forecasted Market Value ( USD | $ 54.2 billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
