Growing need for high productivity as well as reliability in grids have contributed to the growth of the market. Moreover, reduced capital spending has also kept the market prospect high. Rising requirement for smart grid solution is driving the electric power substation automation market worldwide. Capability to reduce the transmission as well as distribution loss would keep the future of the market robust. Lack of skilled resources and high installation cost has hindered the growth of the market to a greater extent. Absence of interoperability policies worldwide too has obstructed the market growth. Recent developments in communication technologies are expected to create greater opportunities worldwide. Efficient energy management solutions for residence and office would open new avenues
The electric power substation automation market is segmented based on automation stage, module, end-user, type and geography. Automation stages covered during the study are retrofit as well as new construction automation stage. The modules discussed on the market research report are SCADA, hardware and communication network technology. The key end users of the market are utilities and industry. The types assessed during the research are collector, transmission and distribution. Regions such as North America, Europe, Asia- Pacific and LAMEA would witness tremendous growth.
The key market players active in the market are Ingeteam, ABB Ltd., Schneider Electric, Siemens AG, Amperion, General Electric, Alstom S.A., Cisco Systems, Eaton Corporation and Schweitzer Engg Lab.
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The market research report provides integrated information on the major drivers, restraints and opportunities influencing the industry growth during the forecast period.
The study further drills down to produce data volume by components, end customers and demography.
SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
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Study further weighs up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
Assessment of upstream and downstream market also forms an important part of the report.
ELECTRIC POWER SUBSTATION MARKETKEYSEGMENTS
Electric Power Substation Automation Market By Automation Stage
New Construction Automation Stage
Electric Power Substation Automation Market By Module
Communication Network Technology
Electric Power Substation Automation Market By End User
Electric Power Substation Automation Market By Type
Electric Power Substation Automation Market By Geography
Schweitzer Engg Lab.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
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- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.