Substation Automation Market is Expected to Reach $154,876 Million by 2022, Growing at a CAGR of 5.5%

Substation Automation Market: Company Landscape Analysis, Key Strategic Moves, Growth Prospects, Key Recent Developments, and Technological Roadmap | Covid-19 Impact Analysis

Global substation automation market size was valued at $106,891 million in 2015 and is expected to reach $154,876 million by 2022, growing at a CAGR of 5.5% from 2016 to 2022. As per the report, the market is influenced by the recent technological advancements and launch of new products. The report covers an in-depth study of the latest market trends, top market players, major driving factors, and top investment pockets. It is essential for stakeholders, new market entrants, and shareholders to make informed decisions regarding their investments.

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The study covers the overview of the major market coupled with SWOT analysis of market players and Porter’s Five analysis to recognize their market presence. Furthermore, the study provides portfolio analysis, financial analysis, and business overview of the organizations that aid stakeholders understand the long-term profitability of the industry. The report covers the latest market developments including partnerships, expansions, new product launches, and mergers & acquisitions.

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The Substation Automation Market report provides a thorough study of driers, restraints, challenges, and opportunities in the market. Detailed information regarding major drivers of the market aids in understanding market dynamics and how they can influence market growth. The restrains and challenges are included in the report which is vital for market investments. In addition, advancements in technologies and rise in demand are expected to unlock new opportunities in the market. The market is projected to witness significant growth during the forecast period.

Apart from this, the Substation Automation report covers several tools that establish market growth. The SWOT analysis provides a thorough understanding of the major determinants of market growth, which is vital for understanding the upcoming opportunities. Furthermore, the report covers Pestel analysis that provides industry-related data and information in tabular format which is important to understand positive and negative qualities that can impact the global Substation Automation Market. Moreover, the study includes Porter’s Five analysis to focus on those factors that can benefit the company in the long run.

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The Substation Automation Market is analyzed based on geography coupled with the competitive landscape in every region. The report targets North America (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), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights help to formulate business strategies and give insights about how to react to new lucrative opportunities.

The COVID-19 pandemic had an unprecedented impact on the global Substation Automation Market. The prolonged lockdown across Europe and Asia and restriction on international travel disrupted the supply chain and revenue chain.

Key Market Segments

The Substation Automation Market report offers a detailed analysis of the segmentation of the market and covers an analysis of the major market players in the market. The study includes sales, revenue analysis, and production of these companies.

By Module

• SCADA
• IED
• Communication Network Technology

By Component

• Reclose Controller
• Programmable Logical Controller
• Capacitor Bank Controller
• Digital Transducer/Smart Meter
• Load Tap Controller
• Communication Channel
• Digital Relays
• Others

By Communication Channel

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

By Geography

• North America

o U.S.
o Mexico
o Canada

• Europe

o UK
o Germany
o France
o Russia
o Rest of Europe

• Asia-Pacific

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

• LAMEA

o Latin America
o Middle East
o Africa

Key Market Players – Ingeteam, ABB Ltd, Schneider Electric SE, Siemens AG, Amperion Inc, GE Grid Solutions, Cisco Systems Inc, Eaton Technologies Pvt. Ltd, Honeywell International and Schweitzer Engineering Laboratories, Inc.

The study covers the analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period.

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