Electric Power Substation Automation Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players Ingeteam, ABB, Schneider Electric, Siemens

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Electric Power Substation Automation Market size is projected to accrue voluminously by 2026 registering a phenomenal CAGR of 5.8% during the review period (2022 to 2027).

Electric Power Substation Automation Market Overview

Electric power substation automation is a revolution for the management of networks. The substation is a base for some of the most important functions of the utility and is a part of the electrical generation, transmission, and distribution system. Electric power substation automation is a combination of numerous control and data acquisition functions on an automated platform with a minimum number of units to augment the reliability and thereby reduce the cost of operation of the substation automation system.

Electric power substation automation is one of the major developments in substation technology and also a leading aspect of the smart grid revolution. Electric power substation deals with the generation, transmission, and distribution of electricity. Substation automation increases the level of convenience of operations, as it enables an electric utility to remotely monitor, control, and coordinate the distribution component installed in the substation.

Recent Development

Ingeteam is supplying its solar inverters for two Mercury Renew projects in Brazil, totaling 210 MWp

Ingeteam has already concluded the supply of 108 solar inverters made in Brazil and 32 substations or power stations also assembled in the country.

The supply was directed at two PV projects from Mercury Renew, a Grupo Comerc Energia company. The Brígida 80 MWp solar plant, has been operating since April last year and was inaugurated in July by the minister of Mines and Energy and the minister of Tourism. The Bon Norme 130 MWp solar plant has been commissioned now. Both plants are part of the same solar complex located in the state of Pernambuco.

Who are the Major Players in Electric Power Substation Automation Market?

The Electric Power Substation Automation Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market including Ingeteam, ABB, Schneider Electric, Siemens, Amperion, General Electric, Alstom, Cisco Systems, Eaton, Schweitzer Engg Lab, and Others.

What are the major Applications, Types, and Regions for Electric Power Substation Automation Market?

By Type, it is segmented into

• Retrofit


• New Construction Automation Stage


• Others

By Applications, it is segmented into

• New Construction Automation Stage


• Utilities


• Industry


• Others

Electric Power Substation Automation Market Regional Analysis

Automation stage, module, end-user, type, and geography are all used to segment the electric power substation automation market. The study covers both retrofit and new build automation stages. SCADA, hardware, and communication network technology are among the modules addressed in the market research report. Utilities and industries are the primary market end users. Collector, transmission, and distribution are the three categories studied in this study. North America, Europe, Asia-Pacific, and LAMEA would all experience significant growth.

•  North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

North America region is expected to hold the largest market share in the Electric Power Substation Automation market during the forecast timeframe. Robust infrastructure facilities, stringent government regulations for carbon emissions, sustainable developments, growing adoption of renewable energy sources are the major factors driving the market growth. Further, the rise in usage of residential and commercial rooftop solar energy technology is propelling the market growth.

What is our Electric Power Substation Automation Market Report Scope?

Key Takeaways from this Electric Power Substation Automation Report

• Evaluate Electric Power Substation Automation market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Electric Power Substation Automation market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

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Who are the key players in Electric Power Substation Automation Market?

Ingeteam, ABB, Schneider Electric, Siemens, Amperion, General Electric, Alstom, Cisco Systems, Eaton, Schweitzer Engg Lab

What regions does this Electric Power Substation Automation Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Electric Power Substation Automation Market?

Retrofit, New Construction Automation Stage, Others

What are the major end-use applications of the Electric Power Substation Automation Market?

New Construction Automation Stage, Utilities, Industry, Others

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.