Substation Automation Market Segmentation:
Stage Segment Analysis
In substation automation market, new segment is poised to hold substantial share by the end of 2035, increasing need for new power plants and smart grids across numerous industries, as well as the growing need for automation, IED, improved communication technologies, HMIs, and SCADA systems.
As they offer higher operational safety and reliability at low maintenance prices, to propel the power flow, enhance the quality of the power supply, update power infrastructure, and improve electric reliability multiple companies have launched new installation projects. For instance, GE signed an agreement with Botswana Power Corporation for the supply, design, installation, testing, and commissioning of SCADA at the principal grid control center in the BPC main office and backup control center in Francistown in July 2018.
End User Segment Analysis
Utility segment is expected to capture substation automation market share of around 53% by the end of 2035, as a result of increased government measures to modernize power systems and increased investments in renewable energy generation.
However, in the current situation, the demand for substations automation can be seen more in the wind industry due to the joining of government organizations and market players in wind farm projects.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
Communication Mode |
|
|
Stage |
|
|
End User |
|
