Global Substation Automation and Integration Market – Industry Analysis and Forecast (2018-2026)
Global Substation Automation and Integration Market is expected to reach US$ 62.00Bn by 2026 from US$ 38.00Bn in 2017 at CAGR of 6.3%.
Substation Automation and Integration Market is segmented by module, communication, type, end user, stage and region. Module is divided by IED, RTU, BCU, and SCADA. Communication is split into wired and wireless. Type is classified into transmission and distribution. A stage is split into retrofit and new. End user is categorised into utility and industry. Region-wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The most projecting driver of substation automation and integration market is the ageing energy infrastructure and increasing influence of a smart grid infrastructure that demands a multifunctional solution that complies with advanced communication protocols. Substations automation are key components of the power grid enabling efficient transmission and distribution of power from increasingly complex sources (including conventional and renewable sources) to the demand centres. Substation automation and integration market are gaining impetus from the growing adoption of smart grid infrastructures, which are also fast replacing the existing power infrastructures. Increasing demand for the former is attributed to the multifunctional solutions they provide, which majorly are in compliance with the advanced protocols of communication. Moreover, the market is expected to gain impetus from the increasing need for improving grid efficiency and reliability.
Based on module, IED i.e. Intelligent Electronic Device is booming the substation automation and integration market. IED’s are the main components of substation automation market which includes digital relays, programmable logic controllers, smart meters/digital transducers, load tap changer controller, capacitor bank controller and reclose controller. IED that provide huge barrier-less monitoring and control functions across the substation. Too, the communication networks that are used to control the substation devices and for transferring data, are having high growth rates pertaining to the emergence of new and advanced technologies and their significance in automation.
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In terms of an end user, Utility industry is one of the dominating application areas pertaining to substation automation and integration, due to the high demand-supply gap in energy in most of the developing and developed industries. Substation automation and integration systems have a large scope in the utility sector as these systems are used in generating, transmitting, and distributing power. Driving factor is the growth of the market for the utility industry include the modernization of grids and installation of smart grids.
On the basis of communication, wired communication network is considered in the substation automation and integration which includes copper wire communication, fibre optic communication, Ethernet communication, and Power line communication.
In terms of region, Asia Pacific led the global substation automation and integration market in 2017, and the trend is likely to continue in the coming years. Some initiatives have been taken up by the Government of India to improve its power and energy sector, which supports the growth of substation automation in APAC. Plans to build renewables with an energy capacity of 175GW by 2027, several schemes organized to revive distribution in utilities, and village electrification programs, between others, are some of the initiatives taken up by the Government of India.
Some of the key players operating in the global substation automation and integration market are, ABB, A.D.D. Group/Specialized Energy Systems (SES), ADI Engineering, Inc., Advanced Control Systems, Inc. (ACSPower), Advantech, AMETEK Power Instruments, ATEME, Basler Electric Company, Beckwith Electric Co., Inc., Bharat Heavy Electrical Ltd (BHEL Hyderabad), Black & Veatch, Boon Hong Engineering Pte Ltd., Bosung Power Technology Co. Ltd, BPL Global/Serveron, C3-ilex, LLC, CG Global / ZIV /QEI, Cisco, DC System, Dewar Electronics, DNV GL Labs, Dongfang Electronics, Dranetz, Eaton-Cooper Power Systems, Eaton Corporation, Electro Industries/Gaugetech, Electroswitch Switches & Relays, Elster Electricity LLC, EMA Inc., Encore Networks, Inc., End Run Technologies, ERLPhase Power TechnologiesInc., ETA-PCS Switchgear Manufacturing L.L.C, Evolute, G&W Electric Company, GarrettCom, GE Grid Solutions.
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Scope of the Global Substation Automation and Integration Market
Global Substation Automation and Integration Market, by Module
• IED
• RTU
• BCU
• SCADA
Global Substation Automation and Integration Market, by Communication
• Wired
• Wireless
Global Substation Automation and Integration Market, by Types
• Transmission
• Distribution
Global Substation Automation and Integration Market, by End user
• Utility
• Industry
Global Substation Automation and Integration Market, by Stage
• Retrofit
• New
Global Substation Automation and Integration Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Key players operating in the Global Substation Automation and Integration Market
• ABB
• A.D.D. Group/Specialized Energy Systems
• ADI Engineering, Inc.
• Advanced Control Systems, Inc.
• Advantech
• AMETEK Power Instruments
• ATEMEX
• Basler Electric Company
• Beckwith Electric Co., Inc.
• Bharat Heavy Electrical Ltd (BHEL Hyderabad)
• Black & Veatch
• Boon Hong Engineering Pte Ltd
• Bosung Power Technology Co. Ltd
• BPL Global/Serveron
• C3-ilex, LLC
• CG Global / ZIV /QEI
• Cisco
• DC Systems
• Dewar Electronics
• DNV GL Labs
• Dongfang Electronics
• Dranetz
• Eaton-Cooper Power Systems
• Eaton Corporation
• Electro Industries/Gaugetech
• Electroswitch Switches & Relays
• Elster Electricity LLC
• EMA Inc.
• Encore Networks, Inc.
• End Run Technologies
• ERLPhase Power Technologies Inc.
• ETA-PCS Switchgear Manufacturing L.L.C
• Evolute
• G&W Electric Company
• GarrettCom
• GE Grid Solutions
• Hirschmann Automation & Controls
• Honeywell Automation India Ltd.
• ICX DAQ Electronics
• Ingelec, Inc.
• Kyland Technology Co., Ltd.
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MAJOR TOC OF THE REPORT
Chapter One: Title Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Title Market Competition, by Players
Chapter Four: Global Title Market Size by Regions
Chapter Five: North America Title Revenue by Countries
Chapter Six: Europe Title Revenue by Countries
Chapter Seven: Asia-Pacific Title Revenue by Countries
Chapter Eight: South America Title Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Title by Countries
Chapter Ten: Global Title Market Segment by Type
Chapter Eleven: Global Title Market Segment by Application
Chapter Twelve: Global Title Market Size Forecast (2019-2026)
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