Substation automation refers to using data from intelligent electronic devices and is an integral part of an electrical system for generation and control commands from remote users. The substation has become an essential need for power companies and utilities about growing demand for energy globally.
Asia-Pacific Substation and Automation Market Segments Size & Growth:
The market is valued at $XX Billion in 2017 and is expected to reach $XX Billion by 2024 at a CAGR of XX%. The major growth factors contributing to the market include low-cost substation automation solutions in the solar industry, growing demand for retrofitting conventional substations, integration of functions with digital technology to improve grid efficiency in smart cities and net power stations and smart grid in different industries are leading to the substation automation market growth.
Asia-Pacific Substation and Automation Market Segments Share:
Asia-Pacific substation automation market is classified into Module, offering, type, installation type, end-users, and geography. Based on the module, the market is segmented into intelligent electronic devices, communication networks, and Scada systems. Among which SCADA systems are witnessing the highest market growth rate and estimated to grow at a considerable growth rate at a CAGR of 9% during the forecast period owing to the growing advancements in smart grid technology. Based on the offering, the market is categorised into hardware, software, and service. Among which software is the prominent factor for the growth of the substation automation to gather the data from intelligent electronic devices. Based on the type, substation market is segmented into Transmission substation and distribution substation. In which transmission substation is the key element as a communication channel is a major element in transmission, which communicate across remote areas with improved efficiency of power utilities. Based on installation type, the market is segmented into retrofit installation and new installation. In which retrofit is expected to witness the major share as there is a scope of new technology or features to be developed in the place of older featured products with an automated system. Based on end users, the market is classified into utility, steel, mining, oil & gas and transportation among which utility is the major segment held the largest share of the substation automation and integration market. The utility industry is one of the booming application areas about substation automation and integration, owing to the high demand-supply gap in energy in most of the developing and developed industries. Geographically, the market is categorised into China, India, Japan, and others. 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.
Asia-Pacific Substation and Automation Market Trends:
- The Smart Grid technology aims at raising operational efficiencies of operators by increasing the flow of information and automation to enable better and faster decisions, hence reducing operational cost.
- SCADA systems are becoming increasingly ubiquitous. Thin clients, web portals, and web-based products are gaining popularity with most major vendors with additional security aspects.
- Cybersecurity for substation automation with intelligent electronic devices.
Asia-Pacific Substation and Automation Market Research Report includes:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players are
- Schneider Electric
- ABB Ltd
- Cisco Systems Inc.
- Siemens AG
- General Electric
1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing electricity demand globally and low-cost substation automation solutions in the solar industry.
4.1.2 Need for up-gradation of existing networks.
4.1.3 Increasing demand for retrofitting conventional substations.
4.2 Restraints & Challenges
4.2.1 Embedded led’s in substations increase equipment purchase cost.
4.2.2. Wireless sensor networks incur high capital expenditure for installations.
4.2.3 Technological advancements leading to the chances of new malware in power industry.
4.2.4 Lack of technical expertise and regulation issues.
4.3 Opportunities
4.3.1 Utilization of renewable and non-conventional energy resources.
4.3.2 Shift towards battery technology for electricity generation and triggering investments by governments in APAC.
4.3.3 Advancements in communication technologies.
5 Asia-Pacific Substation and Automation Market – By Type
5.1 Introduction
5.2 Transmission substation
5.3 Distribution substation
6 Asia-PacificSubstation and Automation Market – By Module
6.1 Intelligent electronic devices
6.2 Communication networks
6.3 SCADA systems
7 Asia-Pacific Substation and Automation Market – By Offering
7.1 Hardware
7.2 Software
7.3 Services
8 Asia-Pacific Substation and Automation Market – By Installation type.
8.1 Retrofit installation
8.2 New installation
9 Asia-Pacific Substation and Automation Market – By End-users
9.1 Utility
9.2 Steel
9.3 Mining
9.4 Oil & Gas
9.5 Transportation
10 Asia-Pacific Substation and Automation Market – By Geography
10.1 Asia-pacific
10.1.1 China
10.1.2 Japan
10.1.3 India
10.1.4 Australia & New Zealand
10.1.5 South Korea
11 Asia-Pacific Substation and Automation Market – Competitive Landscape
11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
11.2 Market Share Analysis
11.3 Strategies Adopted By Top Companies
12 Asia-Pacific Substation and Automation Market – Company Profiles
12.1 Schneider electric
12.2 ABB Ltd
12.3 Cisco Systems Inc.
12.4 Siemens AG
12.5 General electric
12.6 Schneider electric
12.7 Eaton Corporation Plc
12.8 Honeywell International Inc.
12.9 Novatech LLC
12.10 Crompton Greaves
12.11 Yamal Lng
12.12 Igrid T & G
12.13 Cardillac automation & controls
12.14 Tekvel
12.15 I-Tor
13 Market Insights
13.1 Insights of Industry Experts
13.2 Analyst Opinion (Market Understanding)
13.3 Investment Opportunities
14 Appendix
14.1 List of Tables
14.2 List of Figures
