Global Substation Automation Market Will Hit At CAGR Of 7.17% During Years 2017-2021

Latest industry research report on: Global Substation Automation Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

Substation automation helps to capture the data from the IEDs, and manage the automated plant grid operation by facilitating communication between IEDs. Alternatively, substation automation is a technology that facilitates precise integration between devices and data management systems within smart grid. As more IED devices are incorporated into the smart grid, the need for substation automation is a growing imperative. A well-designed substation automation architecture offers a scaled approach to add new automation applications along with shared communication infrastructure for the substation to realize the full benefits of smart grid application.

Technavios analysts forecast the global substation automation market to grow at a CAGR of 7.17% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global substation automation market for 2017-2021. To calculate the market size, the report considers the revenue, Y-o-Y growth, CAGR, retrofit, replacement, and the services market.

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The market is divided into the following segments based on geography:

  • Americas

  • APAC

  • EMEA

Technavio’s report, Global Substation Automation Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • ABB

  • Eaton

  • Grid Solutions

  • Schneider Electric

  • Siemens

Other prominent vendors

  • Atlantic City Electric

  • Cisco

  • Eaton

  • G&W Electric

  • Kalkitech

  • Kyland Technology

Market driver

Growing need for remote operations due to rising demand for electricity

For a full, detailed list, view our report

Market challenge

Growing complexity in communication among devices due to interoperability issue

For a full, detailed list, view our report

Market trend

Adoption of Internet of things (IoT) into power systems

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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