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

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

A substation automation system 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. In this report, it includes all the components and services providers for the Substation Automation.
LPI (LP Information)' newest research report, the “Substation Automation Industry Forecast” looks at past sales and reviews total world Substation Automation sales in 2022, providing a comprehensive analysis by region and market sector of projected Substation Automation sales for 2023 through 2029. With Substation Automation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Substation Automation industry.
This Insight Report provides a comprehensive analysis of the global 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 Substation Automation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Substation Automation market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Substation Automation.
The global 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.
Asia core substation automation manufacturers include Siemens, Hitachi Energy and NARI Technology etc. The top 10 companies hold a share about 34%. China is the largest market in Asia, with a share about 53%, followed by Japan with a share about 14%.
In terms of product, hardware is the largest segment with a share about 70%. And in terms of application, the largest application is utilities with a share about 51%.
This report presents a comprehensive overview, market shares, and growth opportunities of 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

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