Amid the COVID-19 crisis, the global market for Substation Automation and Integration estimated at US$39.7 Billion in the year 2020, is projected to reach a revised size of US$55.3 Billion by 2027, growing at aCAGR of 4.9% over the period 2020-2027. Transmission Substations, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$33.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Distribution Substations segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.8 Billion, While China is Forecast to Grow at 7.5% CAGR
The Substation Automation and Integration market in the U.S. is estimated at US$10.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.2 Billion by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.We bring years of research experience to this 18th edition of our report. The 517-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- ABB Ltd.
- Cisco Systems, Inc.
- General Electric Company
- Schneider Electric SA
- Siemens AG
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Substation Automation and Integration Competitor Market Share Scenario Worldwide (in %): 2019 & 2028
Impact of Covid-19 and a Looming Global Recession
Substation Automation and Integration: A Prelude
Utility Industry to Witness Largest Share
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Adoption of Smart Grid Infrastructure Drives the Substation Automation and Integration Market
Stringent Regulatory Standards Drive the Adoption of New Technologies
Regulatory Standards: A Major Restraint
Innovations and Advancements
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Substation Automation and Integration Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Substation Automation and Integration Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 88