Substation Automation Market Analysis By Component (Recloser Controller, Programmable Logical Controller, Capacitor Bank Controller, Digital Transducer/Smart Meter, Load Tap Controller, Communication Channel, Digital Relays), By Module (SCADA, IEDs, Communication Network), By Communication Channel (Ethernet, Power Line Communication, Copper Wire Communication, Optical Fiber Communication) And Segment Forecasts To 2024

Published: Aug, 2016 | Pages: 68 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global substation automation market size is expected to reach USD 185.80 billion by 2024 according to a new report by Grand View Research, Inc. The increasing requirement for operation efficiency, improved quality, increased production, high uptime, and ease of monitoring and controlling the industrial process are factors that are expected to contribute to the industry growth.

The growing advancements in the smart grid technology are increasing the scope for SCADA systems. The primary factors leading to the rising adoption of the smart grid technology include improved reliability, efficiency, and sustainability of the existing power systems. They are widely used in automation technologies, which actively monitor transmission and distribution grids.

The energy and power utilities are focusing on minimizing the distribution and transmission losses, which has resulted in the increasing deployment of substation automation, driving the industry growth. Moreover, utilities across the world are facing a high requirement for improved electric service reliability and stability. They are focusing on improving the resiliency of the grid, which is contributing toward the high industry demand.

Further key findings from the report suggest:

Programmable Logic Controllers (PLCs) are expected to witness a considerable growth at a CAGR of nearly 3% over the forecast period owing to the technological advancements. Developments such as miniaturization, low cost, and improved power have led to an increased adoption of PLC systems. Moreover, the surge in the technology and pricing innovation in the PLC industry, owing to the intense competition among the tier-one companies and rising customer demand, is anticipated to drive the industry over the forecast period.

Furthermore, the communication channel segment is expected to witness an extensive growth at a CAGR of over 9% from 2016 to 2024. The rising demand for advanced communication capabilities to communicate across remote areas with an improved overall efficiency of power utilities is the major factor boosting the segment growth.

The SCADA segment is estimated to grow at a considerable CAGR of over 9% from 2016 to 2024, owing to the increasing advancements in the smart grid technology. The primary factors leading to the rising adoption of the smart grid technology include improved reliability, efficiency, and sustainability of the existing power systems. The rising demand for the multi-touch SCADA technology across verticals such as industrial and manufacturing is further expected to spur the industry growth over the forecast period.

Copper wire communication was a prominent communication channel, accounting for a revenue share of around 42% in 2015. The copper wire communication has observed a high adoption owing to the low initial cost of copper base metal. However, it is anticipated to lose market share due to the emergence of advanced communication platforms, such as the Ethernet and optical fiber communication. The optical fiber communication segment is expected to grow at a CAGR of nearly 10% over the next eight years. The optical fiber used in the substation automation provides advantages such as immunity to EMI/RFI; secure data communications, and a higher bandwidth that supports higher data rates over long distances.

North America dominated the market with a significant revenue share of over 32% in 2015. However, emerging countries such as China and India are anticipated to drive the substantial demand in this region, owing to the increasing demand for energy efficiency and smart power infrastructure. The automation technology has become an integral part of the power systems worldwide. It is expected to drive power transmission and distribution, contributing to the market growth. Europe is anticipated to witness a considerable growth owing to the increasing demand for smart grid solutions in Western Europe.

The key industry players include ABB Ltd., Cisco Systems, Inc., Crompton Greaves Ltd., Eaton Corporation Plc., General Electric Company, Larsen & Toubro Limited, Siemens AG, Schneider Electric SE, Trilliant Holdings, Inc., and Venson Electric Pvt. Ltd. The manufacturers in the market are investing profoundly in developing advanced solutions and focusing on the potential opportunities in the industry.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Substation Automation - Industry snapshot and key buying criteria, 2014 - 2024
Chapter 3. Substation Automation Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Substation automation value chain analysis
3.3.1. Vendor landscape
3.4. Substation automation market dynamics
3.4.1. Market driver analysis
3.4.1.1. Emergence of smart cities to benefit the substation automation market
3.4.1.2. Growing demand for the smart grid solution
3.4.2. Market restraint analysis
3.4.2.1. Lack of global standards
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. Substation automation - Key competitor analysis, 2015
3.7.1. Market strategy overview
3.8. Substation automation market PESTEL analysis, 2015
Chapter 4. Substation Automation Component Outlook
4.1. Recloser controller
4.1.1. Global market estimates and forecasts, 2014 - 2024
4.2. Programmable logical controller
4.2.1. Global market estimates and forecasts, 2014 - 2024
4.3. Capacitor bank controller
4.3.1. Global market estimates and forecasts, 2014 - 2024
4.4. Digital transducer/smart meter
4.4.1. Global market estimates and forecasts, 2014 - 2024
4.5. Load tap controller
4.5.1. Global market estimates and forecasts, 2014 - 2024
4.6. Communication channel
4.6.1. Global market estimates and forecasts, 2014 - 2024
4.7. Digital relays
4.7.1. Global market estimates and forecasts, 2014 - 2024
4.8. Others
4.8.1. Global market estimates and forecasts, 2014 - 2024
Chapter 5. Substation Automation Module Outlook
5.1. SCADA
5.1.1. Global market estimates and forecasts, 2014 - 2024
5.2. IEDs
5.2.1. Global market estimates and forecasts, 2014 - 2024
5.3. Communication network
5.3.1. Global market estimates and forecasts, 2014 - 2024
Chapter 6. Substation Automation Communication Channel Outlook
6.1. Ethernet
6.1.1. Global market estimates and forecasts, 2014 - 2024
6.2. Power line communication
6.2.1. Global market estimates and forecasts, 2014 - 2024
6.3. Copper wire communication
6.3.1. Global market estimates and forecasts, 2014 - 2024
6.4. Optical fiber communication
6.4.1. Global market estimates and forecasts, 2014 - 2024
Chapter 7. Substation Automation Regional Outlook
7.1. North America
7.1.1. Substation automation market by component, 2014 - 2024
7.1.2. Substation automation market by module, 2014 - 2024
7.1.3. Substation automation market by communication channel, 2014 - 2024
7.2. Europe
7.2.1. Substation automation market by component, 2014 - 2024
7.2.2. Substation automation market by module, 2014 - 2024
7.2.3. Substation automation market by communication channel, 2014 - 2024
7.3. Asia Pacific
7.3.1. Substation automation market by component, 2014 - 2024
7.3.2. Substation automation market by module, 2014 - 2024
7.3.3. Substation automation market by communication channel, 2014 - 2024
7.4. Latin America
7.4.1. Substation automation market by component, 2014 - 2024
7.4.2. Substation automation market by module, 2014 - 2024
7.4.3. Substation automation market by communication channel, 2014 - 2024
Chapter 8. Competitive Landscape
8.1. ABB Ltd.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Cisco Systems, Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Crompton Greaves Ltd.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Eaton Corporation Plc.
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. General Electric Company
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Larsen & Toubro Limited
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Schneider Electric SE
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Siemens AG
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Trilliant Holdings, Inc.
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Verson Electric Pvt. Ltd.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives

List of Tables


TABLE 1 Global substation automation market, 2014 - 2024 (USD Billion)
TABLE 2 Global market estimates and forecasts by region, 2014 - 2024 (USD Million)
TABLE 3 Global market estimates and forecasts by components, 2014 - 2024 (USD Million)
TABLE 4 Global market estimates and forecasts by module, 2014 - 2024 (USD Million)
TABLE 5 Global market estimates and forecasts by communication channel, 2014 - 2024 (USD Million)
TABLE 6 Global recloser controller demand, 2014 - 2024 (USD Billion)
TABLE 7 Global recloser controller demand by region, 2014 - 2024 (USD Billion)
TABLE 8 Global programmable logical controller demand, 2014 - 2024 (USD Billion)
TABLE 9 Global programmable logical controller demand by region, 2014 - 2024 (USD Billion)
TABLE 10 Global capacitor bank controller demand, 2014 - 2024 (USD Billion)
TABLE 11 Global capacitor bank controller demand by region, 2014 - 2024 (USD Billion)
TABLE 12 Global digital transducer/smart meter demand, 2014 - 2024 (USD Billion)
TABLE 13 Global digital transducer/smart meter demand by region, 2014 - 2024 (USD Billion)
TABLE 14 Global load tap controller 2014 - 2024 (USD Billion)
TABLE 15 Global load tap controller demand by region, 2014 - 2024 (USD Billion)
TABLE 16 Global communication channel demand, 2014 - 2024 (USD Billion)
TABLE 17 Global communication channel demand by region, 2014 - 2024 (USD Billion)
TABLE 18 Global digital relays demand, 2014 - 2024 (USD Billion)
TABLE 19 Global digital relays demand by region, 2014 - 2024 (USD Billion)
TABLE 20 Global others demand, 2014 - 2024 (USD Billion)
TABLE 21 Global others demand by region, 2014 - 2024 (USD Billion)
TABLE 22 Global SCADA demand, 2014 - 2024 (USD Billion)
TABLE 23 Global SCADA demand by region, 2014 - 2024 (USD Billion)
TABLE 24 Global IEDs demand, 2014 - 2024 (USD Billion)
TABLE 25 Global IEDs demand by region, 2014 - 2024 (USD Billion)
TABLE 26 Global communication network demand, 2014 - 2024 (USD Billion)
TABLE 27 Global communication network demand by region, 2014 - 2024 (USD Billion)
TABLE 28 Global Ethernet demand, 2014 - 2024 (USD Billion)
TABLE 29 Global Ethernet demand by region, 2014 - 2024 (USD Billion)
TABLE 30 Power line communication demand, 2014 - 2024 (USD Billion)
TABLE 31 Global power line communication demand by region, 2014 - 2024 (USD Billion)
TABLE 32 Copper wire communication demand, 2014 - 2024 (USD Billion)
TABLE 33 Global copper wire communication demand by region, 2014 - 2024 (USD Billion)
TABLE 34 Optical fiber communication demand, 2014 - 2024 (USD Billion)
TABLE 35 Global optical fiber communication demand by region, 2014 - 2024 (USD Billion)
TABLE 36 North America market by components, 2014 - 2024 (USD Billion)
TABLE 37 North America market by module, 2014 - 2024 (USD Billion)
TABLE 38 North America market by organization 2014 - 2024 (USD Billion)
TABLE 39 Europe market by component, 2014 - 2024 (USD Billion)
TABLE 40 Europe market by module, 2014 - 2024 (USD Billion)
TABLE 41 Europe market by communication channel, 2014 - 2024 (USD Billion)
TABLE 42 Asia Pacific market by component, 2014 - 2024 (USD Billion)
TABLE 43 Asia Pacific market by module, 2014 - 2024 (USD Billion)
TABLE 44 Asia Pacific market by communication channel, 2014 - 2024 (USD Billion)
TABLE 45 RoW market by component, 2014 - 2024 (USD Billion)
TABLE 46 RoW market by module, 2014 - 2024 (USD Billion)
TABLE 47 RoW market by communication channel, 2014 - 2024 (USD Billion)