Electric Power Substation Automation Market Analysis, Segments, Growth and Value Chain 2021
Deerfield Beach, FL -- (SBWIRE) -- 08/08/2016 -- Electric power substation automation is a revolution for management of networks. Substation is a base for some of the most important functions of the utility and is a part of 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 reducing the cost of operation of the substation automation system.
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Electric power substation automation is one of the major developments in a substation technology and also 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.
The electric power substation automation market is mainly driven by the rising demand of smart grid solution. Demand of electric power substation automation increases due to the advancement in smart grid technology.. However, some factors such as shortage of skilled workeforce and high investment cost are expected to hamper growth of electric power substation automation industry.
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The study segments the global electric power substation automation market on the basis of module, automation stage, type, applications and regional segment. Different module include in electric power substation automation market such as hardware, communication network technology, and SCADA. The automation stage segment of electric power substation automation market is categorized into retrofit and new construction automation stage. Transmission, distribution, and collector substation are the types of electric power substation. Based on application, electric power substation automation market is segmented into utilities and industry.
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Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, further bifurcation of region on the country level, which include U.S., Germany, UK, France, China, Japan and India. Asia Pacific dominated electric power substation automation market owing to rising number of smart grid projects in this region.
Some of the key players in electric power substation automation include Schneider Electric, ABB Ltd., Eaton Corporation, Siemens AG, Alstom S.A, CISCO Systems (U.S), Amperion (U.S), and Ingeteam.
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This report segments the global electric power substation automation market as follows:
Global Electric Power Substation Automation Market: Module Segment Analysis
Communication Network Technology
Global Electric Power Substation Automation Market: Automation Stage Segment Analysis
New construction automation stage
Global Electric Power Substation Automation Market: Type Segment Analysis
Global Electric Power Substation Automation Market: Application Segment Analysis
Global Electric Power Substation Automation Market: Regional Segment Analysis
Middle East & Africa
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