Substation Automation Market – Industry Trends and forecast period of 2021 to 2028.
Substation Automation Market The growth of the substation automation request is fuelled by surging demand to build conventional substations, rising use of digital technology to ameliorate grid effectiveness in smart metropolises, adding demand for electric and cold-blooded vehicles, and adding focus on upgrading IEC 61850 standard to resolve interoperability issue among intelligent electronic bias stationed in substations.
Data Bridge Market Research analyses that the substation automation market value, which was USD 41,666.72 million in 2021, is expected to reach the value of USD 67,419.49 million by 2029, at a CAGR of 6.20% during the forecast period 2022-2029.
The reliable Substation Automation Market research report identifies, estimates, and analyses the emerging trends along with major drivers, restraints, challenges and opportunities in the market. Businesses get an idea about complete background analysis of the Semiconductors and Electronics industry which includes an assessment of the parental market. The research and analysis carried out in this marketing report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. Moreover, Substation Automation Market report puts light on various strategies that are used by key players of the market.
Substation Automation Market Definition
Substation automation is an integral part of electrical system for generation, transmission and distribution of electricity. The combination of bias used to change the characteristics of electric force similar as voltage, and frequency among others is called substation. Substations are used to admit electricity at high voltage from the transmission and drop the voltage to the applicable position so that it can be used for original distribution.
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Substation Automation Market Scope and Market Size
Forecast Period 2022 to 2029
Base Year 2021
Historic Years 2020 (Customizable to 2019 - 2014)
Quantitative Units Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered Offering (Hardware, Software, Services),Type (Transmission Substations ,Distribution Substations), Installation Type (New Installations, Retrofit Installations), End-user Industry (Utilities, Steel, Oil and Gas, Mining, Transportation), Component (Improvised Explosive Device, Communication Networks, Supervisory Control And Data Acquisition Systems),Communication (Ethernet, Power Line Communication, Copper Wire Communication, Optical Fiber Communication)
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This substation automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the substation automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Substation Automation Market Industry Country Level Analysis
The countries covered in the substation automation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Communication Market Share Analysis and Some major players
Some of the major players operating in the substation automation market are:
Cisco Systems, Inc. (US)
Encore Networks. (US)
General Electric (US)
Hitachi Energy Ltd. (Switzerland)
Honeywell International Inc. (US)
Itron Inc. (US)
M B Control & Systems Pvt Ltd. (West Bengal)
NovaTech, LLC. (US)
SAE IT-systems GmbH & Co. KG (Germany)
Schweitzer Engineering Laboratories, Inc. (US)
VENSON ELECTRIC PVT. LTD. ( Bangalore)
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Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Substation Automation Market
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