Substation Automation Market Size Growth Forecast 2020 to 2025
By Market Study Report  Date: 2020-04-30Product ID: 1695176

Substation Automation Market Size Growth Forecast 2020 to 2025

The Substation Automation Market report upholds the future market predictions related to Substation Automation market size, revenue, production, Consumption, gross margin and other substantial factors. It also examines the role of the prominent Substation Automation market players involved in the industry including their corporate overview. While emphasizing the key driving factors for Substation Automation market, the report also offers a full study of the future trends and developments of the market.

The Substation Automation Market is anticipated to reach around USD 207.8 billion by 2026 according to a new research. In 2017, the Intelligent Electronic Devices segment dominated the substation automation global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

North America generated the highest revenue in the market in 2017, and is expected to lead the global substation automation market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of smart cities drive substation automation market growth in the region. The growing demand from energy sector, and technological advancements further support market growth in the region. The use of smart technologies in energy and utilities, industrial automation, and intelligent buildings is expected to support substation automation market growth in this region during the forecast period.

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The companies operating in substation automation market include Schneider Electric SE, Cisco Systems, ABB Ltd., Siemens AG, Eaton Corporation Plc., General Electric, Honeywell International, Inc., Larsen & Toubro Limited, Crompton Greaves, and Schweitzer Engineering Laboratories, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

The growing adoption of smart cities, along with high demand of smart grids has boosted the adoption of substation automation. The rising demand for electricity, and growing demand for efficient and low-cost solutions in the solar energy sector further support the growth of substation automation market. Increasing investments by vendors in technological advancements, growing need to update existing networks, and increasing demand for retrofitting conventional substations would accelerate the adoption of substation automation during the forecast period. Growing demand from emerging economies, increasing adoption smart grid applications, and technological advancements are expected to provide numerous growth opportunities in the coming years.

Some of the Highlights about Table of Content of Substation Automation Market

1 Substation Automation Market overview

  • Market Introduction
  • Research Objectives
  • Years Considered
  • Substation Automation Market Research Methodology
  • Economic Indicators
  • Currency Considered

2 Executive Summary

  • World Market Overview
  • Global Substation Automation Consumption analysis and forecast
  • Substation Automation Consumption CAGR by Region

3 Market Drivers, Challenges and Trends

  • Substation Automation Market Drivers and Impact
  • Growing Demand from Key Regions
  • Growing Demand from Key Applications and Potential Industries
  • Market Challenges and Impact
  • Substation Automation Market Trends

4 Marketing, Distributors and Customer

  • Sales Channel
  • Direct Channels
  • Indirect Channels

5 Key Players Analysis

  • Company Details
  • Main Business Overview
  • Product Benchmarking
  • Recent Developments and Technological Advancement in Substation Automation Market

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