Global Substation Automation Market
The market size was valued at US$ 45.43 Bn. in 2023 and is projected to reach US$ 68.53 Bn. by 2030, growing at a CAGR of 6.05% during the forecast period.
Market Overview
The “Substation Automation Market” research aims to provide the latest market intelligence and assist decision-makers in making informed investment decisions. It offers a comprehensive analysis of the global Substation Automation Market by Product Type, Application, Key Manufacturers, and several key regions.
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Market Scope
The research focuses on the growth prospects, constraints, and market analysis of the Substation Automation market. It utilizes Porter’s five forces analysis to evaluate the impact of various factors on market trends, including supplier bargaining power.
Drivers
The report also covers major restraints and drivers affecting the Substation Automation market.
Segmentation
by Offering
Hardware
Software
Services
by Type
Distribution
Transmission
by End-User
Industries
Utilities
by Communication
Wired
Wireless
by Stage
Retrofit Installations
New Installations
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Key Players
1. Hitachi ABB Power Grids
2. Siemens Energy
3. General Electric
4. Cisco Systems
5. Schneider Electric
6. Eaton Corporation
7. Alstom SA
8. Amperion Inc
9. Schweitzer Engg Lab
10. Ametek
11. Texas Instruments
12. Grid Net
13. Larsen & Toubro Limited
14. Power System Engineering Inc.
15. Toshiba Corporation
16. Cooper Industries
17. Others
Regional Analysis
The report assesses the global Substation Automation market across the following regions:
- North America (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Substation Automation Market
The global impact of COVID-19 is already being observed and is expected to significantly affect the Substation Automation market in 2021. The outbreak has led to flight cancellations, travel bans, quarantines, restaurant closures, restrictions on indoor/outdoor events, declarations of states of emergency in over thirty countries, supply chain disruptions, stock market volatility, business downturns, public panic, and uncertainty about the future.
Key Questions Answered in the Substation Automation Market Report
- What key trends are likely to emerge in the Substation Automation market during the forecast period?
- What will be the market size of the Substation Automation market by 2027?
- Which company had the largest market share in the Substation Automation market in 2020?
About Maximize Market Research
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