NORTH AMERICA SUBSTATION AUTOMATION MARKET FORECAST 2019-2027

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NORTH AMERICA SUBSTATION AUTOMATION MARKET FORECAST 2019-2027

The North America substation automation market is projected to propel with a growth rate of 5.63% CAGR during the forecast years of 2019-2027. The market has been valued at $XX million in the year 2018 and is expected to rise to a revenue of about $XX million by the year 2027.

NORTH AMERICA SUBSTATION AUTOMATION MARKET FORECAST 2019-2027

North America 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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The North America substation automation market is projected to propel with a growth rate of 5.63% CAGR during the forecast years of 2019-2027. The market has been valued at $XX million in the year 2018 and is expected to rise to a revenue of about $XX million by the year 2027.

The US and Canada are major revenue contributors to the North America substation automation market which can be factored to the high density of residential apartments and commercial houses that depend on the automated substations to supply electricity with minimized energy losses and enhanced power quality. In 2018, a significant chunk of the market share was captured by the United States in the North America substation automation market. United States had contributed XX% of the North American market in 2018 and is estimated to contribute a share of XX% in 2027. On the other hand, Canada is anticipated to escalate at a rapid pace in the regional market with a CAGR of XX% during the forecast period of 2019-2027, where 2018 is considered to be the base year of the market analysis.

The prerequisite of advancement in technology for the functioning of power systems, increasing consumption of electricity, the requirement of reducing the maintenance & operation cost of the substation, and the implementation of government regulations that are in favour of substation automation market are chiefly propelling the market growth in North America. With the aim to diminish the outage time and enhance the power quality, the utility companies based in the region are adopting substation automation in a rapid fashion.

The major companies operating in the market are NovaTech LLC, Ingeteam S.A., Schweitzer Engineering Laboratories, Inc., Crompton Greaves Ltd., Amperion Inc., ABB Ltd., General Electric Company (GE Grid Solutions, LLC), Honeywell International Inc., Siemens AG, Schneider Electric SE, Eaton Corporation PLC, Larsen & Toubro Limited, Trilliant Holdings, Inc., Cisco Systems Inc., and Venson Electric Pvt. Ltd.

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  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 ADVANCED 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
    • UNITED STATES
    • CANADA
  8. 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: NORTH AMERICA SUBSTATION AUTOMATION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

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

TABLE 3: NORTH AMERICA SUBSTATION AUTOMATION MARKET, BY MODULE, 2019-2027 (IN $ MILLION)

TABLE 4: NORTH AMERICA SUBSTATION AUTOMATION MARKET, BY COMMUNICATION CHANNEL, 2019-2027 (IN $ MILLION)

TABLE 5: NORTH AMERICA SUBSTATION AUTOMATION MARKET, BY PRODUCT, 2019-2027 (IN $ MILLION)

TABLE 6: NORTH AMERICA SUBSTATION AUTOMATION MARKET, BY END-USER, 2019-2027 (IN $ MILLION)

TABLE 7: OPPORTUNITY MATRIX

TABLE 8: VENDOR LANDSCAPE

TABLE 9: LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 10: NORTH AMERICA SUBSTATION AUTOMATION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 21: NORTH AMERICA 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: NORTH AMERICA 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)

  1. GEOGRAPHICAL ANALYSIS
    • UNITED STATES
    • CANADA
  2. MARKET BY COMPONENTS
    • RECLOSER CONTROLLER
    • PROGRAMMABLE LOGIC CONTROLLER
    • CAPACITOR BANK CONTROLLER
    • DIGITAL TRANSDUCER/SMART METER
    • LOAD TAP CONTROLLER
    • COMMUNICATION CHANNEL
    • DIGITAL RELAYS
    • OTHERS
  3. MARKET BY MODULE
    • SCADA
    • IED’S
    • COMMUNICATION NETWORK
  4. MARKET BY COMMUNICATION CHANNEL
    • ETHERNET
    • POWER LINE COMMUNICATION
    • COPPER WIRE COMMUNICATION
    • OPTICAL FIBER COMMUNICATION
  5. MARKET BY PRODUCT
    • TRANSMISSION
    • DISTRIBUTION
  6. MARKET BY END-USER
    • INDUSTRIAL
    • COMMERCIAL
    • RESIDENTIAL

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