Global Smart Substation Automation Market Growth (Status and Outlook) 2023-2029

Global Smart Substation Automation Market Growth (Status and Outlook) 2023-2029

The global Smart Substation Automation market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Smart Substation Automation is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Smart Substation Automation is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Smart Substation Automation is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Smart Substation Automation players cover Hitachi Energy, Siemens, GE Grid Solutions, Schneider Electric, Eaton, Toshiba, Ingeteam, Honeywell and ABB, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

A Smart Substation Automation is a collection of hardware and software components that are used to monitor and control an electrical system, both locally and remotely. A substation automation system also automates some repetitive, tedious and error-prone activities to increase the overall efficiency and productivity of the system.

LPI (LP Information)' newest research report, the “Smart Substation Automation Industry Forecast” looks at past sales and reviews total world Smart Substation Automation sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Substation Automation sales for 2023 through 2029. With Smart Substation Automation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Substation Automation industry.

This Insight Report provides a comprehensive analysis of the global Smart Substation Automation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Substation Automation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Substation Automation market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Substation Automation and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Substation Automation.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Substation Automation market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Hardware
Software
Services

Segmentation by application
Utilities
Metal & Mining
Oil and Gas
Transportation
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hitachi Energy
Siemens
GE Grid Solutions
Schneider Electric
Eaton
Toshiba
Ingeteam
Honeywell
ABB
NARI Technology
Cisco
Arteche
TAKAOKA TOKO
CG Power (Murugappa Group)
Power Automation
Schweitzer Engineering Laboratories
NovaTech Automation
Trilliant
Beijing Sifang Automation
CYG SUNRI
LS ELECTRIC
TBEA
TeslaTech
Ashida Electronics
Integrated Electronic Systems
Guodian Nanjing Automation
Dongfang Electronics

Please note: The report will take approximately 2 business days to prepare and deliver.