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Substation Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 146 Pages
  • February 2023
  • Region: Global
  • IMARC Group
  • ID: 5753174
Description Jump to:
The global substation automation market size reached US$ 44.9 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 63.8 Billion by 2028, exhibiting a CAGR of 6.03% during 2022-2028.

Substation automation refers to the process of using data or information from intelligent electronic devices (IEDs) within a substation to control and direct commands from remote users. It is integrated between power-generating plants and grids to create an uninterrupted and reliable power transmission. It consists of numerous reclosers, programmable logical controllers and capacitor banks, smart meters, transformers, switches and digital relays. This software-based substation automation system (SAS) is used to minimize human intervention and operating costs while optimizing the assets. Owing to this, it finds extensive applications across various industries, including oil and gas, transportation, mining and steel.

Rapid industrialization, along with the growing demand for efficient energy management solutions across the globe, represent as the key factors driving the growth of the market. Automated substations regulate voltage fluctuations and are a crucial component of electricity transmission and distribution (T&D) processes that aid in minimizing prolonged outages and overall operational costs. Furthermore, various technological advancements and the integration of primary equipment with modern sensors, protective relays, programmable logical controllers and digital transducers, are also creating a positive impact on the market growth. Additionally, the emerging trend of smart cities and the widespread adoption of smart grids, especially in the developing countries, is creating a positive outlook for the market. Other factors, including rising-retrofitting and upgradation of existing substation equipment, implementation of government initiatives promoting substation automation and extensive research and development (R&D) activities, are projected to drive the market further.

Key Market Segmentation:

The analyst provides an analysis of the key trends in each sub-segment of the global substation automation market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on module type, component, communication channel, substation type, installation type and end-use industry.

Breakup by Module Type:

Intelligent Electronic Devices
  • Communication Networks
  • SCADA Systems

Breakup by Component:

  • Hardware
  • Reclose Controllers
  • Programmable Logical Controllers
  • Capacitor Banks
  • Smart Meters
  • Load Tap Changers
  • Digital Relays
  • Fiber-Optic Cables
  • Others
  • Software
  • Production Management Software
  • Asset Management Software
  • Performance Management Software
  • Services
  • Installation and Commissioning
  • Upgradation and Retrofitting
  • Testing, Repair and Maintenance
  • Others

Breakup by Communication Channel:

  • Ethernet
  • Copper Wire Communication
  • Power Line Communication
  • Optical Fiber Communication
  • Others

Breakup by Substation Type:

  • Transmission
  • Distribution

Breakup by Installation Type:

  • New Installation
  • Retrofit Installation

Breakup by End-Use Industry:

  • Utility
  • Transportation
  • Metals & Mining
  • Oil and Gas
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ABB, Cooper Industries, Eaton Corporation, General Electric, Grid Net, Larsen & Toubro Limited, Power system Engineering, SAE IT-Systems GmbH & Co.KG, Schneider Electric, Siemens AG, Tropos Network Ltd., etc.

Key Questions Answered in This Report:

  • How has the global substation automation market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global substation automation market?
  • What is the breakup of the market based on the module type?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the communication channel?
  • What is the breakup of the market based on the substation type?
  • What is the breakup of the market based on the installation type?
  • What is the breakup of the market based on the end-use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global substation automation market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Substation Automation Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Module Type
6.1 Intelligent Electronic Devices
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Communication Networks
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 SCADA Systems
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Component
7.1 Hardware
7.1.1 Market Trends
7.1.2 Major Types
7.1.2.1 Reclose Controllers
7.1.2.2 Programmable Logical Controllers
7.1.2.3 Capacitor Banks
7.1.2.4 Smart Meters
7.1.2.5 Load Tap Changers
7.1.2.6 Digital Relays
7.1.2.7 Fiber-Optic Cables
7.1.2.8 Others
7.1.3 Market Forecast
7.2 Software
7.2.1 Market Trends
7.2.2 Major Types
7.2.2.1 Production Management Software
7.2.2.2 Asset Management Software
7.2.2.3 Performance Management Software
7.2.3 Market Forecast
7.3 Services
7.3.1 Market Trends
7.3.2 Major Types
7.3.2.1 Installation and Commissioning
7.3.2.2 Upgradation and Retrofitting
7.3.2.3 Testing, Repair and Maintenance
7.3.2.4 Others
7.3.3 Market Forecast

8 Market Breakup by Communication Channel
8.1 Ethernet
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Copper Wire Communication
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Power Line Communication
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Optical Fiber Communication
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast

9 Market Breakup by Substation Type
9.1 Transmission
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Distribution
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Installation Type
10.1 New Installation
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Retrofit Installation
10.2.1 Market Trends
10.2.2 Market Forecast

11 Market Breakup by End-Use Industry
11.1 Utility
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Transportation
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Metals & Mining
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Oil and Gas
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Others
11.5.1 Market Trends
11.5.2 Market Forecast

12 Market Breakup by Region
12.1 North America
12.1.1 United States
12.1.1.1 Market Trends
12.1.1.2 Market Forecast
12.1.2 Canada
12.1.2.1 Market Trends
12.1.2.2 Market Forecast
12.2 Asia Pacific
12.2.1 China
12.2.1.1 Market Trends
12.2.1.2 Market Forecast
12.2.2 Japan
12.2.2.1 Market Trends
12.2.2.2 Market Forecast
12.2.3 India
12.2.3.1 Market Trends
12.2.3.2 Market Forecast
12.2.4 South Korea
12.2.4.1 Market Trends
12.2.4.2 Market Forecast
12.2.5 Australia
12.2.5.1 Market Trends
12.2.5.2 Market Forecast
12.2.6 Indonesia
12.2.6.1 Market Trends
12.2.6.2 Market Forecast
12.2.7 Others
12.2.7.1 Market Trends
12.2.7.2 Market Forecast
12.3 Europe
12.3.1 Germany
12.3.1.1 Market Trends
12.3.1.2 Market Forecast
12.3.2 France
12.3.2.1 Market Trends
12.3.2.2 Market Forecast
12.3.3 United Kingdom
12.3.3.1 Market Trends
12.3.3.2 Market Forecast
12.3.4 Italy
12.3.4.1 Market Trends
12.3.4.2 Market Forecast
12.3.5 Spain
12.3.5.1 Market Trends
12.3.5.2 Market Forecast
12.3.6 Russia
12.3.6.1 Market Trends
12.3.6.2 Market Forecast
12.3.7 Others
12.3.7.1 Market Trends
12.3.7.2 Market Forecast
12.4 Latin America
12.4.1 Brazil
12.4.1.1 Market Trends
12.4.1.2 Market Forecast
12.4.2 Mexico
12.4.2.1 Market Trends
12.4.2.2 Market Forecast
12.4.3 Others
12.4.3.1 Market Trends
12.4.3.2 Market Forecast
12.5 Middle East and Africa
12.5.1 Market Trends
12.5.2 Market Breakup by Country
12.5.3 Market Forecast

13 SWOT Analysis
13.1 Overview
13.2 Strengths
13.3 Weaknesses
13.4 Opportunities
13.5 Threats

14 Value Chain Analysis
14.1 Overview
14.2 Inbound Logistics
14.3 Operations
14.4 Outbound Logistics
14.5 Marketing and Sales
14.6 Post Sales Services

15 Porters Five Forces Analysis
15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes

16 Price Indicators

17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 ABB
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.2 Cooper Industries
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.3 Eaton Corporation
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Financials
17.3.3.4 SWOT Analysis
17.3.4 General Electric
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.4.3 Financials
17.3.4.4 SWOT Analysis
17.3.5 Grid Net
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.6 Larsen & Toubro Limited
17.3.6.1 Company Overview
17.3.6.2 Product Portfolio
17.3.6.3 Financials
17.3.6.4 SWOT Analysis
17.3.7 Power System Engineering
17.3.7.1 Company Overview
17.3.7.2 Product Portfolio
17.3.8 SAE IT-Systems GmbH & Co.KG
17.3.8.1 Company Overview
17.3.8.2 Product Portfolio
17.3.9 Schneider Electric
17.3.9.1 Company Overview
17.3.9.2 Product Portfolio
17.3.9.3 Financials
17.3.10 Siemens AG
17.3.10.1 Company Overview
17.3.10.2 Product Portfolio
17.3.10.3 Financials
17.3.10.4 SWOT Analysis
17.3.11 Tropos network Ltd.
17.3.11.1 Company Overview
17.3.11.2 Product Portfolio

List of Figures
Figure 1: Global: Substation Automation Market: Major Drivers and Challenges
Figure 2: Global: Substation Automation Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Substation Automation Market: Breakup by Module Type (in %), 2022
Figure 4: Global: Substation Automation Market: Breakup by Component (in %), 2022
Figure 5: Global: Substation Automation Market: Breakup by Communication Channel (in %), 2022
Figure 6: Global: Substation Automation Market: Breakup by Substation Type (in %), 2022
Figure 7: Global: Substation Automation Market: Breakup by Installation Type (in %), 2022
Figure 8: Global: Substation Automation Market: Breakup by End-Use Industry (in %), 2022
Figure 9: Global: Substation Automation Market: Breakup by Region (in %), 2022
Figure 10: Global: Substation Automation Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 11: Global: Substation Automation (Intelligent Electronic Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Substation Automation (Intelligent Electronic Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Substation Automation (Communication Networks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Substation Automation (Communication Networks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Substation Automation (SCADA Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Substation Automation (SCADA Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Substation Automation (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Substation Automation (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Substation Automation (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Substation Automation (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Substation Automation (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Substation Automation (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Substation Automation (Ethernet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Substation Automation (Ethernet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Substation Automation (Copper Wire Communication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Substation Automation (Copper Wire Communication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Substation Automation (Power Line Communication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Substation Automation (Power Line Communication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Substation Automation (Optical Fiber Communication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Substation Automation (Optical Fiber Communication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Substation Automation (Other Communication Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Substation Automation (Other Communication Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Substation Automation (Transmission) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Substation Automation (Transmission) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Substation Automation (Distribution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Substation Automation (Distribution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Substation Automation (New Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Substation Automation (New Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Substation Automation (Retrofit Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Substation Automation (Retrofit Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Substation Automation (Utility) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Substation Automation (Utility) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Substation Automation (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Substation Automation (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Substation Automation (Metals & Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Substation Automation (Metals & Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Substation Automation (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Substation Automation (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Substation Automation (Other End-Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Substation Automation (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: North America: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: North America: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United States: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United States: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Canada: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Canada: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Asia Pacific: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Asia Pacific: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: China: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: China: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Japan: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Japan: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: India: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: India: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: South Korea: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: South Korea: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Australia: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Australia: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Indonesia: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Indonesia: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Europe: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Europe: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Germany: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Germany: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: France: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: France: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: United Kingdom: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: United Kingdom: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Italy: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Italy: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Spain: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Spain: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Russia: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Russia: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Latin America: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Latin America: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Brazil: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Brazil: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Mexico: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Mexico: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Others: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Others: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Middle East and Africa: Substation Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: Middle East and Africa: Substation Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Global: Substation Automation Industry: SWOT Analysis
Figure 100: Global: Substation Automation Industry: Value Chain Analysis
Figure 101: Global: Substation Automation Industry: Porter’s Five Forces Analysis

List of Tables
Table 1: Global: Substation Automation Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Substation Automation Market Forecast: Breakup by Module Type (in Million US$), 2023-2028
Table 3: Global: Substation Automation Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Substation Automation Market Forecast: Breakup by Communication Channel (in Million US$), 2023-2028
Table 5: Global: Substation Automation Market Forecast: Breakup by Substation Type (in Million US$), 2023-2028
Table 6: Global: Substation Automation Market Forecast: Breakup by Installation Type (in Million US$), 2023-2028
Table 7: Global: Substation Automation Market Forecast: Breakup by End-Use Industry (in Million US$), 2023-2028
Table 8: Global: Substation Automation Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 9: Global: Substation Automation Market: Competitive Structure
Table 10: Global: Substation Automation Market: Key Players

Companies Mentioned

  • ABB
  • Cooper Industries
  • Eaton Corporation
  • General Electric
  • Grid Net
  • Larsen & Toubro Limited
  • Power system Engineering
  • SAE IT-Systems GmbH & Co.KG
  • Schneider Electric
  • Siemens AG
  • Tropos Network Ltd.

Methodology

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