Global Substation Automation Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Global Substation Automation Market 2018 Global Substation Automation Market– 2018 : Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
Companies such as Schneider Electric (France), Siemens AG (Germany), ABB Group (Switzerland), General Electric (U.S.), EATON Corp. (U.S.), Larsen & Toubro Limited (India), Power System Engineering, Inc. (U.S.), Texas Instruments (U.S), Toshiba Corporation (Japan), are the leading providers of
substation automation solutions in the global market. The growing demand for retrofitting of conventional substations and smart grid are some of the main driving factors of the substation automation market growth. The smart grid helps in reliability and productivity of power systems. On 03rd April 2017, GE signed a contract to deliver four electricity substations to power infrastructure in Saudi Arabia. This contract includes substation automation to regional control centers via SCADA system.
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Global Substation Automation Market 2018 Market Segmentation
The global substation automation market is segmented into component, module, communication channel, industry, and region. The component is sub-segmented into recloser controller, capacitor bank controller, smart meter, load tap controller and others. The module is sub-segmented into SCADA, intelligent electronic device, communication network and others. The communication channel segment is sub-segmented into Ethernet, copper wire communication, power line communication, optical fiber communication and others. The industry is sub-segmented into utility, transportation, mining, steel, and others. The global market is spanned across North America, Europe, Asia Pacific, and rest of the world.
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Global Substation Automation Market2018 Key Player •
ABB Group (Switzerland)
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General Electric
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Tropos Network
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EATON Corp.
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Encore Networks
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Grid Net
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Cisco Systems, Inc.
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Cooper Industries
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Power System Engineering, Inc.
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Texas Instruments
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Global Substation Automation Market2018
Report Analysis The global substation automation market is studied in the Asia Pacific, North America, Europe, and Rest of the World. In North America, the substation automation market is gaining high market growth due to the increasing popularity of advanced intelligent electronic device and communication technologies, which is propelling the substation automation market growth. Whereas, the European countries are emerging as substation automation markets due to the increasing demand for smart grids and are expected to grow at the highest CAGR over the review period. Asia Pacific countries such as China, Japan, and India are some of the leading regions in the globe in terms of market share.
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