Electric Power Substation Automation System Market, Global Outlook and Forecast 2023-2030
Substation automation refers to using data from Intelligent electronic devices (IED), control and automation capabilities within the substation, and control commands from remote users to control power-system devices. Electric power substation has improved the way substations were controlled earlier and have enhanced the way critical data were accumulated.
This report contains market size and forecasts of Electric Power Substation Automation System in Global, including the following market information:
Global Electric Power Substation Automation System Market Size 2024-2030, ($ millions)
The global Electric Power Substation Automation System market is projected to reach US$ million by 2029.
The Electric Power Substation Automation market is mainly driven by the factors including rising demand for effective energy usage, growing adoption of renewable energy and need for efficient grid infrastructure. The increasing demand for efficient and reliable electricity supply has led to an increased demand for Electric Power Substation Automations. These systems are more essential to be installed in the remote areas and off grid locations as they can facilitate real-time notification alerts during circuit outage to enable the power utility to address the situation within time.
We surveyed the Electric Power Substation Automation System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Power Substation Automation System Market, by Type, 2024-2030 ($ millions)
Global Electric Power Substation Automation System Market Segment Percentages, by Type
Transformer Substation
Distribution Substation
Global Electric Power Substation Automation System Market, by Application, 2024-2030 ($ millions)
Global Electric Power Substation Automation System Market Segment Percentages, by Application
Industrial
Commercial
Residential
Global Electric Power Substation Automation System Market, By Region and Country, 2024-2030 ($ Millions)
Global Electric Power Substation Automation System Market Segment Percentages, by region and country
United States
Europe
Asia
China
Rest of World
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Ingeteam
ABB
Schneider Electric
Siemens
Amperion
General Electric
Alstom
Cisco Systems
Eaton Corporation
Schweitzer Engg Lab
