Industry Outlook On Global Substation Automation Market by Knowledge Sourcing Intelligence


Substation Automation Market Worth $103 Billion

The global substation automation market is projected to expand at a CAGR of 5.92% over the forecast period to reach a total market size of US$103.140 billion by 2022. The process of performing tasks by machines that were once performed by human beings in order to control various equipment in a factory or some industry or to do some work with minimum intervention of human beings is automation. The term automation was coined in the decade of 1940 and can be used in many applications such as manufacturing, services among others. Automation can also be used in power applications. Earlier, power plants have many sensor and action variables, hence automation finds its extensive use in this area and its application streamlined the process in transmission and distribution.  
substation automation market


The substation is a key component in electricity generation and its transmission as it is used to transform voltage from high to low or low to high and performs other important functions too. Substations are automated so that it can have an intelligent and interactive power distribution network and substation automation is also considered as cutting edge technology in electrical engineering. These systems provide enhanced performance and reliability in electrical protection, improves the safety and integrity of electrical power networks, exhibit real-time information in a control center and are capable of performing advanced automation functions. The key industry players are Crompton Greaves, ABB, General Electric and Siemens AG among others.

Factors Driving The Market Growth
Substation control has some basic components like transformer loading, temperature, real and reactive power flow, line loading and power factor which are its basic variables. The automated substations are very important as they are efficient in controlling various tasks and protect the system from various unwanted events. The global market for substation automation is influenced by the rising number of smart grids which would result in improving efficiency and reliability of grids which will impact electricity transmission.  Moreover, the need for lowering the electricity distribution loss and growing need for distributed intelligence has increased the substation automation market size.
substation automation market
Sample view of global substation automation market share

Market Segmentation
The Substation Automation Market has been segmented based on module, offering, industry, and geography. By module, the market is classified as Communication Networks, SCADA Systems, and Intelligent Electronic Devices. The substation automation market analysis shows that the SCADA module market holds a significant share of the market and will continue to expand due to technological advancements in sensors, alarm systems, and others. By offering, the market is classified as Hardware, Software, and Services. By industry, the market is classified as energy and power, Mining, Travel and Transport, Steel, and Oil and Gas.

By geography, the market is classified as North America, South America, Middle East, and Africa, Europe, and The Asia-Pacific. The North America region would drive the substation automation market growth across the globe due to rising need in outrage time improving the transmission efficiency and various research activities carried out in this field by the researchers. The need of effectiveness in electricity generation as well as lowering of transmission and distribution loss along with initiatives undertaken by the government for this the sector will impact the global growth of this market in the Asia Pacific region.
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