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Global Substation Automation Market to reach USD 237686.11 million by the end of 2030.

Global Substation Automation Market Size study & Forecast, by Module (SCADA, IED, Communication Network Technology), by Component (Reclose Controller, Programmable Logical Controller, Others), by Communication Channel (Ethernet, Power Line Communication, Copper Wire Communication, Optical Fiber Communication) and Regional Analysis, 2023-2030

Product Code: OIRIA-42744661
Publish Date: 30-10-2023
Page: 200

Global Substation Automation Market is valued at approximately USD 154,876 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030. Substation Automation refers to the integration of various control, protection, and monitoring functions within an electrical substation through advanced technologies and communication systems. The goal of substation automation is to enhance the efficiency, reliability, and safety of power distribution and management. The Substation Automation market is expanding because of factors such as increasing demand for electric and hybrid vehicles and rapid urbanization. As a result, the demand for Substation Automation has progressively increased in the international market during the forecast period 2023-2030.

Electric vehicles require charging infrastructure, which places additional demands on the electrical grid. Substation automation helps manage the increased power demand by optimizing energy distribution, load balancing, and scheduling charging times to prevent grid overloads. According to Statista, it is estimated that 2022 saw plug-in electric light sales of around 10.2 million units. Furthermore, about 2.9 million new plug-in hybrid electric cars were sold worldwide in 2022. Plug-in hybrid electric vehicle sales accounted for around 28.4% of electric vehicle sales in 2022. Another important factor that drives the Substation Automation market is rapid urbanization. Urban areas experience higher population densities and economic activities, leading to greater energy consumption. Substation automation helps utilities manage the increased demand by optimizing energy distribution, load balancing, and improving grid efficiency. In addition, as per Statista, high-income countries are projected to have 88.4% of their populations living in urban areas by 2050. Moreover, rising demand for electric power and growing investments in renewable energy projects are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high initial cost of Substation Automation and technical complexity are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Substation Automation Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing popularity and adoption of advanced intelligent electronic devices & communication technologies in the region. The region’s dominant performance is anticipated to propel the overall demand for Substation Automation. Furthermore, Asia Pacific is anticipated to grow fastest over the forecast period, owing to factors such as increasing demand for rural electrification and adoption of equipment facilitating safety and better operation of the substation in the region.

Major market player included in this report are:
Ingeteam S.A.
Schneider Electric SE
Siemens AG
Amperion Inc
GE Grid Solutions
Cisco Systems Inc
Eaton Technologies Pvt. Ltd
Honeywell International Inc
Schweitzer Engineering Laboratories, Inc

Recent Developments in the Market:
Ø In June 2023, Siemens Smart Infrastructure has introduced the SICAM 8 power automation platform, which is highly scalable. The platform, is designed with scalability and security in mind, assists clients in achieving resilient and secure grid operation while allowing for the introduction of additional applications in the future. It also includes two new software solutions: the SICAM Human Machine Interface visualisation tool and the SICAM S8000 software solution for power automation. It is part of the Siemens Xcelerator portfolio, an open digital platform that allows customers to accelerate their digital transformation more easily, quickly, and at scale.

Global Substation Automation Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Module, Component, Communication Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Module
Communication Network Technology

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

By Communication Channel
Power Line Communication
Copper Wire Communication
Optical Fiber Communication

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Substation Automation Market, by Region, 2020-2030 (USD Million)
1.2.2. Substation Automation Market, by Module, 2020-2030 (USD Million)
1.2.3. Substation Automation Market, by Component, 2020-2030 (USD Million)
1.2.4. Substation Automation Market, by Communication Channel, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Substation Automation Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Substation Automation Market Dynamics
3.1. Substation Automation Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for electric and hybrid vehicles Rapid urbanization
3.1.2. Market Challenges High initial cost of Substation Automation Technical complexity
3.1.3. Market Opportunities Rising demand for electric power Growing investments in renewable energy projects
Chapter 4. Global Substation Automation Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Substation Automation Market, by Module
5.1. Market Snapshot
5.2. Global Substation Automation Market by Module, Performance – Potential Analysis
5.3. Global Substation Automation Market Estimates & Forecasts by Module 2020-2030 (USD Million)
5.4. Substation Automation Market, Sub Segment Analysis
5.4.1. SCADA
5.4.2. IED
5.4.3. Communication Network Technology
Chapter 6. Global Substation Automation Market, by Component
6.1. Market Snapshot
6.2. Global Substation Automation Market by Component, Performance – Potential Analysis
6.3. Global Substation Automation Market Estimates & Forecasts by Component 2020-2030 (USD Million)
6.4. Substation Automation Market, Sub Segment Analysis
6.4.1. Reclose Controller
6.4.2. Programmable Logical Controller
6.4.3. Capacitor Bank Controller
6.4.4. Digital Transducer/Smart Meter
6.4.5. Load Tap Controller
6.4.6. Communication Channel
6.4.7. Digital Relays
6.4.8. Others
Chapter 7. Global Substation Automation Market, by Communication Channel
7.1. Market Snapshot
7.2. Global Substation Automation Market by Communication Channel, Performance – Potential Analysis
7.3. Global Substation Automation Market Estimates & Forecasts by Communication Channel 2020-2030 (USD Million)
7.4. Substation Automation Market, Sub Segment Analysis
7.4.1. Ethernet
7.4.2. Power Line Communication
7.4.3. Copper Wire Communication
7.4.4. Optical Fiber Communication
Chapter 8. Global Substation Automation Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Substation Automation Market, Regional Market Snapshot
8.4. North America Substation Automation Market
8.4.1. U.S. Substation Automation Market Module breakdown estimates & forecasts, 2020-2030 Component breakdown estimates & forecasts, 2020-2030 Communication Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Substation Automation Market
8.5. Europe Substation Automation Market Snapshot
8.5.1. U.K. Substation Automation Market
8.5.2. Germany Substation Automation Market
8.5.3. France Substation Automation Market
8.5.4. Spain Substation Automation Market
8.5.5. Italy Substation Automation Market
8.5.6. Rest of Europe Substation Automation Market
8.6. Asia-Pacific Substation Automation Market Snapshot
8.6.1. China Substation Automation Market
8.6.2. India Substation Automation Market
8.6.3. Japan Substation Automation Market
8.6.4. Australia Substation Automation Market
8.6.5. South Korea Substation Automation Market
8.6.6. Rest of Asia Pacific Substation Automation Market
8.7. Latin America Substation Automation Market Snapshot
8.7.1. Brazil Substation Automation Market
8.7.2. Mexico Substation Automation Market
8.8. Middle East & Africa Substation Automation Market
8.8.1. Saudi Arabia Substation Automation Market
8.8.2. South Africa Substation Automation Market
8.8.3. Rest of Middle East & Africa Substation Automation Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Ingeteam S.A. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. ABB Ltd
9.3.3. Schneider Electric SE
9.3.4. Siemens AG
9.3.5. Amperion Inc
9.3.6. GE Grid Solutions
9.3.7. Cisco Systems Inc
9.3.8. Eaton Technologies Pvt. Ltd
9.3.9. Honeywell International Inc
9.3.10. Schweitzer Engineering Laboratories, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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