GLOBAL SUBSTATION AUTOMATION MARKET FORECAST 2019-2027

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GLOBAL SUBSTATION AUTOMATION MARKET FORECAST 2019-2027

The global market is anticipated to grow with a CAGR of 6.11% through the forecasting years of 2019-2027. The market will rise to expected revenue of about $69,585 million by 2027. The base year considered for the study is 2018, and the estimated period is between 2019 and 2027. The growth of this market is driven by the following factors:

GLOBAL SUBSTATION AUTOMATION MARKET FORECAST 2019-2027

Global Substation Automation Market by Components (Recloser Controller, Programmable Logic Controller, Capacitor Bank Controller, Digital Transducer/smart Meter, Load Tap Controller, Communication Channel, Digital Relays, Others) by Module (Scada, Ied’s, Communication Network) by Communication Channel (Ethernet, Power Line Communication, Copper Wire Communication, Optical Fiber Communication) by Product (Transmission, Distribution) by End-user (Industrial, Commercial, Residential) by Geography.

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Substation forms a critical part of the electricity transmission and distribution process. They regulate the increase and decrease of voltages with the help of step up and step down transformers respectively. There are also, devices like circuit breakers and fuses installed to protect the distribution networks at the substation. Substation automation market is where various innovative technologies and components are used to automate the operations of the substation. It is mainly used for remote access and control of substations. The global market is anticipated to grow with a CAGR of 6.11% through the forecasting years of 2019-2027. The market will rise to expected revenue of about $69,585 million by 2027. The base year considered for the study is 2018, and the estimated period is between 2019 and 2027. The growth of this market is driven by the following factors:

  • Growth in consumption of electricity
  • Need for advanced technologies in the power system
  • Need to reduce maintenance and operation cost of substation
  • Government regulations in favor of substation automation market

The most important driver that is advancing the market growth is the need for reducing the maintenance and operation cost of the substation. Most of the utility company and power network operators are now concerned to reduce the maintenance and operational cost by implementing substation automation. As customer complaints incur a huge cost for utility companies due to prolonged outage time and longer traveling distance, they have started incorporating substation automation to address those issues with minimal cost. As the power sector investment is growing worldwide, many players are emerging in the market. However, substation automation can bring competitive edge for players by reducing the overall cost for both customers and electric service providers.

In 2018, substation automation in transmission accounted for the largest revenue share of 82.25% of the market by product segment. It is also expected to be the fastest-growing segment by product type. The transmission segment includes automation solutions that are implemented between generating plants and grids. It considers all the intermediary power equipment such as transformers, relays, and switches between these two points. The automatic tap changer in the transformer and numeric control of relays and switches on the transmission line are few of the major applications that generate maximum revenue for the transmission market. There are few major customers such as the aluminum and metal industries that directly purchase power from generating station and have no intermediary between them. The transmission automation helps these industries to obtain an uninterrupted and reliable power transmission through a long distance of traveling wire. The transmission segment contributes a huge revenue to the overall market due to a large number of intermediary substations between generating station and grids. As the power infrastructure grows worldwide, the adoption of substation automation experiences a surge in the market.

The market growth is restrained by problems such as the lack of interoperability & threat of cyber-attack on the substation. The number of interconnected devices in the substation are increasing day by day. But the integrators use smart devices from different vendors. Hence, the communication between these devices is becoming a difficult task due to lack of standard protocols. The cost of substation automation has increased significantly due to rising interoperability issues such as these.

The report on global substation automation includes segmentation on the basis of components, module, communication channel, product and end-user.

Components is sub-segmented into:

  • Re-closer Controller
  • Programmable Logic Controller
  • Capacitor Bank Controller
  • Digital Transducer/Smart Meter
  • Load tap controller
  • Communication Channel
  • Digital relays
  • Others

Module is sub-segmented into:

  • SCADA
  • IED’s
  • Communication Network

Communication Channels is sub segmented into:

  • Ethernet
  • Power Line Communication
  • Copper wire Communication
  • Optical Fiber Communication

Product is sub-segmented into:

  • Transmission
  • Distribution

End-User is sub-segmented into:

  • Industrial
  • Commercial
  • Residential

Geographically, the global substation automation market has been segmented on the basis of four major regions, which includes:

The largest market for substation automation lies in North America. The substation automation market in North America experienced continuous growth due to the demand for the energy-efficient grid. Further, the well-established telecom industry is fully supplementing the substation automation market in the region to grow. At present, the US is continued to be the largest market for substation automation due to aging infrastructure. Thus, the retrofit and replacement activities in substation automation are the key revenue contributors for the region. The fastest-growing market for substation automation lies in the Asia Pacific region. The high cost of installation and the low awareness among utility companies were the two major challenges for the substation automation market in the region during the forecast period. Also, the lack of supplementing infrastructure was off-putting substation automation in the region. The alarming growth of population in India and China are driving higher demand for electricity. It was observed that approximately 50% of power is wasted in India during transmission and distribution. Half of these waste occurred due to electricity theft. Thus, transmission losses in these highly populated countries can only be restricted through substation automation.

The global substation automation market segmented into the market by components, module, communication channels, product and end-user. The Component segment is further sub-segmented into re-closer controller, programmable logic controller, capacitor bank controller, digital transducer/smart meter, load tap controller, communication channel, digital relays & others. The Module segment is further sub-segmented into SCADA, IED’s & Communication Network. The Communication Channel segment is further sub-segmented into Ethernet, Power Line Communication, Copper wire Communication, and Optical Fiber Communication. The Product segment is further sub-segmented into Transmission and Distribution. The End-User segment is further sub-segmented into Industrial, Commercial & Residential.

The major market players of the global Substation Automation market are:

  • Cisco Systems, Inc.
  • Eaton Corporation PLC
  • Schneider Electric SE
  • General Electric Company
  • Siemens AG
  • Alstom SA
  • Others

The company profiles section covers the analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in July 2019, Crompton Greaves & their partners installed the largest Offshore Transmission Substation in Germany. In June 2019, Schneider Electric signed a Memorandum of Understanding with Nigerian EM-ONE Energy Solutions. In March 2019, L&T bagged contracts in India for design and construction of two 400kV substations and associated transmission lines. In June 2019, General Electric Company upgraded Hydro Quebec’s Montagnais Substation to meet growing transmission needs.

Key findings of the global substation automation market are:

  • There is a rising trend in the use of the Internet of Things (IoT) by utility companies to automate substations.
  • Data Analytics which can ease the process of collecting and analyzing the intensity and nature of the fault on transmission and distribution line shows potential use in substation automation.
  • Due to the growth of renewable energy generation, various regulatory bodies are implementing automation to allow power generation to interface directly with the substation.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ADOPTION OF INTERNET OF THINGS IN POWER SECTOR IS ON A RISING TREND
      • DATA ANALYTICS SHOWS POTENTIAL USE IN SUBSTATION AUTOMATION
      • RISING ADOPTION OF RENEWABLE ENERGY GENERATION
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWTH IN CONSUMPTION OF ELECTRICITY
      • NEED FOR ADVANCE TECHNOLOGIES IN POWER SYSTEM
      • NEED TO REDUCE MAINTENANCE AND OPERATION COST OF SUBSTATION
      • GOVERNMENT REGULATIONS IN FAVOR OF SUBSTATION AUTOMATION MARKET
    • MARKET RESTRAINTS
      • PROBLEMS ASSOCIATED WITH THE LACK OF INTEROPERABILITY
      • THREAT OF CYBER-ATTACK ON SUBSTATION AUTOMATION
    • MARKET OPPORTUNITIES
      • GROWTH IN DEMAND FOR SMART GRID
      • INCREASING NEED FOR UPGRADATION OF EXISTING POWER SUBSTATIONS
    • MARKET CHALLENGES
      • UNCERTAINTY OF RETURNS AND HIGH INVESTMENT COST
  1. MARKET BY COMPONENTS
    • RECLOSER CONTROLLER
    • PROGRAMMABLE LOGIC CONTROLLER
    • CAPACITOR BANK CONTROLLER
    • DIGITAL TRANSDUCER/SMART METER
    • LOAD TAP CONTROLLER
    • COMMUNICATION CHANNEL
    • DIGITAL RELAYS
    • OTHERS
  2. MARKET BY MODULE
    • SCADA
    • IED’S
    • COMMUNICATION NETWORK
  3. MARKET BY COMMUNICATION CHANNEL
    • ETHERNET
    • POWER LINE COMMUNICATION
    • COPPER WIRE COMMUNICATION
    • OPTICAL FIBER COMMUNICATION
  4. MARKET BY PRODUCT
    • TRANSMISSION
    • DISTRIBUTION
  5. MARKET BY END-USER
    • INDUSTRIAL
    • COMMERCIAL
    • RESIDENTIAL
  6. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • TECHNOLOGY
      • VOLTAGE CAPACITY
      • PRICE
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • RAW MATERIALS
      • MANUFACTURERS
      • DISTRIBUTORS
      • END-USER
    • LEGAL, POLICY & REGULATORY FRAMEWORK
  7. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • ABB LTD.
    • AMPERION INC.
    • CISCO SYSTEMS INC.
    • CROMPTON GREAVES LTD.
    • EATON CORPORATION PLC
    • GENERAL ELECTRIC COMPANY (GE GRID SOLUTIONS, LLC)
    • HONEYWELL INTERNATIONAL INC.
    • INGETEAM S.A.
    • LARSEN & TOUBRO LIMITED
    • NOVATECH LLC
    • SCHNEIDER ELECTRIC SE
    • SCHWEITZER ENGINEERING LABORATORIES, INC.
    • SIEMENS AG
    • TRILLIANT HOLDINGS, INC.
    • VERSON ELECTRIC PVT. LTD.

LIST OF TABLES

TABLE 1: GLOBAL SUBSTATION AUTOMATION MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: GLOBAL SUBSTATION AUTOMATION MARKET, BY COMPONENTS, 2019-2027 (IN $ MILLION)

TABLE 3: GLOBAL RECLOSER CONTROLLER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4: GLOBAL PROGRAMMABLE LOGIC CONTROLLER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5: GLOBAL CAPACITOR BANK CONTROLLER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL DIGITAL TRANSDUCER/SMART METER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL LOAD TAP CONTROLLER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL COMMUNICATION CHANNEL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL DIGITAL RELAYS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL SUBSTATION AUTOMATION MARKET, BY MODULE, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL SCADA MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL IED’S MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL COMMUNICATION NETWORK MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL SUBSTATION AUTOMATION MARKET, BY COMMUNICATION CHANNEL, 2019-2027 (IN $ MILLION)

TABLE 16: GLOBAL ETHERNET MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17: GLOBAL POWER LINE COMMUNICATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18: GLOBAL COPPER WIRE COMMUNICATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19: GLOBAL OPTICAL FIBER COMMUNICATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 20: GLOBAL SUBSTATION AUTOMATION MARKET, BY PRODUCT, 2019-2027 (IN $ MILLION)

TABLE 21: GLOBAL TRANSMISSION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 22: GLOBAL DISTRIBUTION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 23: GLOBAL SUBSTATION AUTOMATION MARKET, BY END-USER, 2019-2027 (IN $ MILLION)

TABLE 24: GLOBAL INDUSTRIAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 25: GLOBAL COMMERCIAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 26: GLOBAL RESIDENTIAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 27: OPPORTUNITY MATRIX

TABLE 28: VENDOR LANDSCAPE

TABLE 29: LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 30: GLOBAL SUBSTATION AUTOMATION MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 31: NORTH AMERICA SUBSTATION AUTOMATION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 32: EUROPE SUBSTATION AUTOMATION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 33: ASIA PACIFIC SUBSTATION AUTOMATION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 34: REST OF WORLD SUBSTATION AUTOMATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: GLOBAL SUBSTATION AUTOMATION MARKET, BY PRODUCT, 2018 & 2027 (IN %)

FIGURE 2: GLOBAL SUBSTATION AUTOMATION MARKET, BY RECLOSER CONTROLLER, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL SUBSTATION AUTOMATION MARKET, BY PROGRAMMABLE LOGIC CONTROLLER, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL SUBSTATION AUTOMATION MARKET, BY CAPACITOR BANK CONTROLLER, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL SUBSTATION AUTOMATION MARKET, BY DIGITAL TRANSDUCER/SMART METER, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL SUBSTATION AUTOMATION MARKET, BY LOAD TAP CONTROLLER, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL SUBSTATION AUTOMATION MARKET, BY COMMUNICATION CHANNEL, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL SUBSTATION AUTOMATION MARKET, BY DIGITAL RELAYS, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL SUBSTATION AUTOMATION MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL SUBSTATION AUTOMATION MARKET, BY SCADA, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL SUBSTATION AUTOMATION MARKET, BY IED’S, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL SUBSTATION AUTOMATION MARKET, BY COMMUNICATION NETWORK, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL SUBSTATION AUTOMATION MARKET, BY ETHERNET, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL SUBSTATION AUTOMATION MARKET, BY POWER LINE COMMUNICATION, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL SUBSTATION AUTOMATION MARKET, BY COPPER WIRE COMMUNICATION, 2019-2027 (IN $ MILLION)

FIGURE 16: GLOBAL SUBSTATION AUTOMATION MARKET, BY OPTICAL FIBER COMMUNICATION, 2019-2027 (IN $ MILLION)

FIGURE 17: GLOBAL SUBSTATION AUTOMATION MARKET, BY TRANSMISSION, 2019-2027 (IN $ MILLION)

FIGURE 18: GLOBAL SUBSTATION AUTOMATION MARKET, BY DISTRIBUTION, 2019-2027 (IN $ MILLION)

FIGURE 19: GLOBAL SUBSTATION AUTOMATION MARKET, BY INDUSTRIAL, 2019-2027 (IN $ MILLION)

FIGURE 20: GLOBAL SUBSTATION AUTOMATION MARKET, BY COMMERCIAL, 2019-2027 (IN $ MILLION)

FIGURE 21: GLOBAL SUBSTATION AUTOMATION MARKET, BY RESIDENTIAL, 2019-2027 (IN $ MILLION)

FIGURE 22: PORTER’S FIVE FORCE ANALYSIS

FIGURE 23: KEY BUYING IMPACT ANALYSIS

FIGURE 24: VALUE CHAIN ANALYSIS

FIGURE 25: GLOBAL SUBSTATION AUTOMATION MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 26: UNITED STATES SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: CANADA SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: GERMANY SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: UNITED KINGDOM SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: FRANCE SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: SPAIN SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: ITALY SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: RUSSIA SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: REST OF EUROPE SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: CHINA SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: INDIA SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: SOUTH KOREA SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38: JAPAN SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39: AUSTRALIA SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40: REST OF ASIA PACIFIC SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41: LATIN AMERICA SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 42: MIDDLE EAST & AFRICA SUBSTATION AUTOMATION MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY COMPONENTS
    • RECLOSER CONTROLLER
    • PROGRAMMABLE LOGIC CONTROLLER
    • CAPACITOR BANK CONTROLLER
    • DIGITAL TRANSDUCER/SMART METER
    • LOAD TAP CONTROLLER
    • COMMUNICATION CHANNEL
    • DIGITAL RELAYS
    • OTHERS
  2. MARKET BY MODULE
    • SCADA
    • IED’S
    • COMMUNICATION NETWORK
  3. MARKET BY COMMUNICATION CHANNEL
    • ETHERNET
    • POWER LINE COMMUNICATION
    • COPPER WIRE COMMUNICATION
    • OPTICAL FIBER COMMUNICATION
  4. MARKET BY PRODUCT
    • TRANSMISSION
    • DISTRIBUTION
  5. MARKET BY END-USER
    • INDUSTRIAL
    • COMMERCIAL
    • RESIDENTIAL
  6. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

 

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