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Global Substation Automation Market by Component (Digital Transducer/Smart Meter, Digital Relays, Load Tap Controller, Capacitor Bank Controller, Programmable Logical Controller, Recloser Controller, Communication Channel), by Communication Channel (Ethernet, Optical Fiber Communication, Copper Wire Communication, Power Line Communication), by Module (Communication Network, SCADA, IEDs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: IC-75342
  • Author: Up Market Research
  • Rating: 4.5
  • Total Reviews: 57
  • No. Of Pages: 214
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

In 2015, the market for substation automation was valued at USD 114.0 million. This is due to increasing penetration in the industry to automate substation data and analyze it efficiently. To address the aging and distressed infrastructure, there is a greater emphasis on transmission and distribution investments. Utilities are putting more emphasis on enterprise-level information in order to improve reliability and security, as well as to better manage their assets and information. This is driving industry growth.

Asia Pacific Substation Automation Market Revenues by Component, 2014-2024 (USD billion)

Substation automation is booming due to the rapid development of communication and advanced SCADA technologies. Substation automation is dependent on the communication channel. All the IEDs and monitoring equipment located on the substation or on the field generate data which must be sent to the utility data centre, which can be located remotely.

Industry growth is being slowed by a lack of interoperability, global standards and connectivity. To address this problem, manufacturers in the sector are increasingly working to create common standards. ABB Ltd. is a key player in standardizing IEC 61850.

Component Insights

In 2015, the communication channel component held 27.1% of all market share. Utilities have increasingly integrated communication schemes into substations to capitalize on IDEs, control, protection and fault recording functions that are available in digital devices.

Programmable Logic Controllers (PLCs), which accounted for a greater than 14% of the revenue in 2015, are expected to see significant growth. PLC manufacturers are constantly developing new products to address the needs of SCADA and substation automatization applications. They are also cheaper than traditional RTUs, and offer benefits for substation automation and its related applications. The industry will continue to demand PLCs for protection and control, control, voltage regulation, system diagnostics and remote control.

Module Insights

Over the forecast period, SCADA is expected to experience significant growth at a CAGR close to 9%. The industry will benefit from technological advancements in MCUs and sensor technology to improve its communication system.

Due to regulations and increased dependability, the energy and power sector is now incompetent. The increasing adoption of SCADA systems will drive the demand for flexibility when investigating infrastructure. These systems can also monitor and control power generation and transmission, and increase overall efficiency.

IEDs also contributed significantly to the overall market and held a dominant revenue share of more than 75% in 2015. This was due to their upcoming deployment in the power sector. IEDs are needed to minimize losses and optimize efficiency. This is due to the increasing demand for high voltage in commercial buildings and other industries.

Communication Channel Insights

From 2016 to 2024, the copper wire communication segment will grow at a substantial CAGR of more than 12%. Because of its lower interference and attenuation, optical fiber communication is growing in popularity. The segment's growth is also due to investments in telecommunications technology and information technology.

Regional Insights

Asia Pacific accounted for more than 22% of global industry share in 2015. This market is expected to grow steadily over the next decade. Industry growth is expected to be influenced by increased investments in developing countries to increase manufacturing activity. In addition, positive initiatives taken by governments in countries like India, China, Japan, and others have led to a rise in demand throughout the region.

Market Share Insights & Key Companies

Eaton Corporation Plc., General Electric Company, ABB Ltd., Cromptongreaves Ltd., Cisco Systems, Inc., Larsen & Toubro Limited, Verson Electric Pvt. are the key industry players. Ltd., Schneider Electric SE, Siemens AG, Trilliant Holdings, Inc. Manufacturers such as CGGlobal are expanding their global presence by increasing substation automation businesses in Western Europe, Asia Pacific and Africa.

Market Report on Substation Automation Scope

These are the most frequently asked questions about this report

b. Global substation automation market was valued at USD 140.7 billion in 2019, and is forecast to grow to USD 148.6 trillion in 2020.

b. Global substation automation market will grow at a compound annual rate of 5.6% between 2016 and 2024, to reach USD 185.8 billion by 2024.

b. With a share of 69.6%, the IEDs module segment dominated substation automation markets in 2019, This is due to the imminent deployment of IEDs modules across the power sector as well as the growing demand for high voltage across commercial buildings, and industries to operate machine machines.

b. Among others, there are Eaton; General Electric; ABB and Cisco; Cromptongreaves Ltd.; Larsen & Toubro Limited.; Schneider Electric; and Siemens.

b. The market is growing because of the need for increased efficiency in operation, higher quality, higher production, high uptime and easy monitoring and control.

Up Market Research published a new report titled “Substation Automation Market research report which is segmented by Component (Digital Transducer/Smart Meter, Digital Relays, Load Tap Controller, Capacitor Bank Controller, Programmable Logical Controller, Recloser Controller, Communication Channel), by Communication Channel (Ethernet, Optical Fiber Communication, Copper Wire Communication, Power Line Communication), by Module (Communication Network, SCADA, IEDs), By Players/Companies Eaton; General Electric; ABB; Cisco; Crompton Greaves Ltd; Larsen & Toubro Limited; Schneider Electric; and Siemens amongst others”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report AttributesReport Details
Report TitleSubstation Automation Market Research Report
By ComponentDigital Transducer/Smart Meter, Digital Relays, Load Tap Controller, Capacitor Bank Controller, Programmable Logical Controller, Recloser Controller, Communication Channel
By Communication ChannelEthernet, Optical Fiber Communication, Copper Wire Communication, Power Line Communication
By ModuleCommunication Network, SCADA, IEDs
By CompaniesEaton; General Electric; ABB; Cisco; Crompton Greaves Ltd; Larsen & Toubro Limited; Schneider Electric; and Siemens amongst others
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages214
Number of Tables & Figures150
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Substation Automation Industry Outlook

Global Substation Automation Market Report Segments:

The market is segmented by Component (Digital Transducer/Smart Meter, Digital Relays, Load Tap Controller, Capacitor Bank Controller, Programmable Logical Controller, Recloser Controller, Communication Channel), by Communication Channel (Ethernet, Optical Fiber Communication, Copper Wire Communication, Power Line Communication), by Module (Communication Network, SCADA, IEDs).

Substation Automation Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Substation Automation Market

Overview of the regional outlook of the Substation Automation Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Substation Automation Market Overview

Highlights of The Substation Automation Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Substation Automation Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Component:

                1. Digital Transducer/Smart Meter

                2. Digital Relays

                3. Load Tap Controller

                4. Capacitor Bank Controller

                5. Programmable Logical Controller

                6. Recloser Controller

                7. Communication Channel

        7. By Communication Channel:

                1. Ethernet

                2. Optical Fiber Communication

                3. Copper Wire Communication

                4. Power Line Communication

        8. By Module:

                1. Communication Network

                2. SCADA

                3. IEDs

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Substation Automation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
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Substation Automation Market Trends

Reasons to Purchase the Substation Automation Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Substation Automation Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Substation Automation Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Substation Automation Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Substation Automation Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Substation Automation Market Size & Forecast, 2018-2028 
      4.5.1 Substation Automation Market Size and Y-o-Y Growth 
      4.5.2 Substation Automation Market Absolute $ Opportunity 


Chapter 5 Global Substation Automation Market Analysis and Forecast by Component
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Component
      5.1.2 Basis Point Share (BPS) Analysis by Component
      5.1.3 Absolute $ Opportunity Assessment by Component
   5.2 Substation Automation Market Size Forecast by Component
      5.2.1 Digital Transducer/Smart Meter
      5.2.2 Digital Relays
      5.2.3 Load Tap Controller
      5.2.4 Capacitor Bank Controller
      5.2.5 Programmable Logical Controller
      5.2.6 Recloser Controller
      5.2.7 Communication Channel
   5.3 Market Attractiveness Analysis by Component

Chapter 6 Global Substation Automation Market Analysis and Forecast by Communication Channel
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Communication Channel
      6.1.2 Basis Point Share (BPS) Analysis by Communication Channel
      6.1.3 Absolute $ Opportunity Assessment by Communication Channel
   6.2 Substation Automation Market Size Forecast by Communication Channel
      6.2.1 Ethernet
      6.2.2 Optical Fiber Communication
      6.2.3 Copper Wire Communication
      6.2.4 Power Line Communication
   6.3 Market Attractiveness Analysis by Communication Channel

Chapter 7 Global Substation Automation Market Analysis and Forecast by Module
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Module
      7.1.2 Basis Point Share (BPS) Analysis by Module
      7.1.3 Absolute $ Opportunity Assessment by Module
   7.2 Substation Automation Market Size Forecast by Module
      7.2.1 Communication Network
      7.2.2 SCADA
      7.2.3 IEDs
   7.3 Market Attractiveness Analysis by Module

Chapter 8 Global Substation Automation Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Substation Automation Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region

Chapter 9 Coronavirus Disease (COVID-19) Impact 
   9.1 Introduction 
   9.2 Current & Future Impact Analysis 
   9.3 Economic Impact Analysis 
   9.4 Government Policies 
   9.5 Investment Scenario

Chapter 10 North America Substation Automation Analysis and Forecast
   10.1 Introduction
   10.2 North America Substation Automation Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Substation Automation Market Size Forecast by Component
      10.6.1 Digital Transducer/Smart Meter
      10.6.2 Digital Relays
      10.6.3 Load Tap Controller
      10.6.4 Capacitor Bank Controller
      10.6.5 Programmable Logical Controller
      10.6.6 Recloser Controller
      10.6.7 Communication Channel
   10.7 Basis Point Share (BPS) Analysis by Component 
   10.8 Absolute $ Opportunity Assessment by Component 
   10.9 Market Attractiveness Analysis by Component
   10.10 North America Substation Automation Market Size Forecast by Communication Channel
      10.10.1 Ethernet
      10.10.2 Optical Fiber Communication
      10.10.3 Copper Wire Communication
      10.10.4 Power Line Communication
   10.11 Basis Point Share (BPS) Analysis by Communication Channel 
   10.12 Absolute $ Opportunity Assessment by Communication Channel 
   10.13 Market Attractiveness Analysis by Communication Channel
   10.14 North America Substation Automation Market Size Forecast by Module
      10.14.1 Communication Network
      10.14.2 SCADA
      10.14.3 IEDs
   10.15 Basis Point Share (BPS) Analysis by Module 
   10.16 Absolute $ Opportunity Assessment by Module 
   10.17 Market Attractiveness Analysis by Module

Chapter 11 Europe Substation Automation Analysis and Forecast
   11.1 Introduction
   11.2 Europe Substation Automation Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Substation Automation Market Size Forecast by Component
      11.6.1 Digital Transducer/Smart Meter
      11.6.2 Digital Relays
      11.6.3 Load Tap Controller
      11.6.4 Capacitor Bank Controller
      11.6.5 Programmable Logical Controller
      11.6.6 Recloser Controller
      11.6.7 Communication Channel
   11.7 Basis Point Share (BPS) Analysis by Component 
   11.8 Absolute $ Opportunity Assessment by Component 
   11.9 Market Attractiveness Analysis by Component
   11.10 Europe Substation Automation Market Size Forecast by Communication Channel
      11.10.1 Ethernet
      11.10.2 Optical Fiber Communication
      11.10.3 Copper Wire Communication
      11.10.4 Power Line Communication
   11.11 Basis Point Share (BPS) Analysis by Communication Channel 
   11.12 Absolute $ Opportunity Assessment by Communication Channel 
   11.13 Market Attractiveness Analysis by Communication Channel
   11.14 Europe Substation Automation Market Size Forecast by Module
      11.14.1 Communication Network
      11.14.2 SCADA
      11.14.3 IEDs
   11.15 Basis Point Share (BPS) Analysis by Module 
   11.16 Absolute $ Opportunity Assessment by Module 
   11.17 Market Attractiveness Analysis by Module

Chapter 12 Asia Pacific Substation Automation Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Substation Automation Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Substation Automation Market Size Forecast by Component
      12.6.1 Digital Transducer/Smart Meter
      12.6.2 Digital Relays
      12.6.3 Load Tap Controller
      12.6.4 Capacitor Bank Controller
      12.6.5 Programmable Logical Controller
      12.6.6 Recloser Controller
      12.6.7 Communication Channel
   12.7 Basis Point Share (BPS) Analysis by Component 
   12.8 Absolute $ Opportunity Assessment by Component 
   12.9 Market Attractiveness Analysis by Component
   12.10 Asia Pacific Substation Automation Market Size Forecast by Communication Channel
      12.10.1 Ethernet
      12.10.2 Optical Fiber Communication
      12.10.3 Copper Wire Communication
      12.10.4 Power Line Communication
   12.11 Basis Point Share (BPS) Analysis by Communication Channel 
   12.12 Absolute $ Opportunity Assessment by Communication Channel 
   12.13 Market Attractiveness Analysis by Communication Channel
   12.14 Asia Pacific Substation Automation Market Size Forecast by Module
      12.14.1 Communication Network
      12.14.2 SCADA
      12.14.3 IEDs
   12.15 Basis Point Share (BPS) Analysis by Module 
   12.16 Absolute $ Opportunity Assessment by Module 
   12.17 Market Attractiveness Analysis by Module

Chapter 13 Latin America Substation Automation Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Substation Automation Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Substation Automation Market Size Forecast by Component
      13.6.1 Digital Transducer/Smart Meter
      13.6.2 Digital Relays
      13.6.3 Load Tap Controller
      13.6.4 Capacitor Bank Controller
      13.6.5 Programmable Logical Controller
      13.6.6 Recloser Controller
      13.6.7 Communication Channel
   13.7 Basis Point Share (BPS) Analysis by Component 
   13.8 Absolute $ Opportunity Assessment by Component 
   13.9 Market Attractiveness Analysis by Component
   13.10 Latin America Substation Automation Market Size Forecast by Communication Channel
      13.10.1 Ethernet
      13.10.2 Optical Fiber Communication
      13.10.3 Copper Wire Communication
      13.10.4 Power Line Communication
   13.11 Basis Point Share (BPS) Analysis by Communication Channel 
   13.12 Absolute $ Opportunity Assessment by Communication Channel 
   13.13 Market Attractiveness Analysis by Communication Channel
   13.14 Latin America Substation Automation Market Size Forecast by Module
      13.14.1 Communication Network
      13.14.2 SCADA
      13.14.3 IEDs
   13.15 Basis Point Share (BPS) Analysis by Module 
   13.16 Absolute $ Opportunity Assessment by Module 
   13.17 Market Attractiveness Analysis by Module

Chapter 14 Middle East & Africa (MEA) Substation Automation Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Substation Automation Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Substation Automation Market Size Forecast by Component
      14.6.1 Digital Transducer/Smart Meter
      14.6.2 Digital Relays
      14.6.3 Load Tap Controller
      14.6.4 Capacitor Bank Controller
      14.6.5 Programmable Logical Controller
      14.6.6 Recloser Controller
      14.6.7 Communication Channel
   14.7 Basis Point Share (BPS) Analysis by Component 
   14.8 Absolute $ Opportunity Assessment by Component 
   14.9 Market Attractiveness Analysis by Component
   14.10 Middle East & Africa (MEA) Substation Automation Market Size Forecast by Communication Channel
      14.10.1 Ethernet
      14.10.2 Optical Fiber Communication
      14.10.3 Copper Wire Communication
      14.10.4 Power Line Communication
   14.11 Basis Point Share (BPS) Analysis by Communication Channel 
   14.12 Absolute $ Opportunity Assessment by Communication Channel 
   14.13 Market Attractiveness Analysis by Communication Channel
   14.14 Middle East & Africa (MEA) Substation Automation Market Size Forecast by Module
      14.14.1 Communication Network
      14.14.2 SCADA
      14.14.3 IEDs
   14.15 Basis Point Share (BPS) Analysis by Module 
   14.16 Absolute $ Opportunity Assessment by Module 
   14.17 Market Attractiveness Analysis by Module

Chapter 15 Competition Landscape 
   15.1 Substation Automation Market: Competitive Dashboard
   15.2 Global Substation Automation Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      15.3.1 Eaton; General Electric; ABB; Cisco; Crompton Greaves Ltd; Larsen & Toubro Limited; Schneider Electric; and Siemens amongst others
Segments Covered in the Report
The global Substation Automation market has been segmented based on

By Component
  • Digital Transducer/Smart Meter
  • Digital Relays
  • Load Tap Controller
  • Capacitor Bank Controller
  • Programmable Logical Controller
  • Recloser Controller
  • Communication Channel
By Communication Channel
  • Ethernet
  • Optical Fiber Communication
  • Copper Wire Communication
  • Power Line Communication
By Module
  • Communication Network
  • SCADA
  • IEDs
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Eaton; General Electric; ABB; Cisco; Crompton Greaves Ltd; Larsen & Toubro Limited; Schneider Electric; and Siemens amongst others

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