Substation Automation Market Analysis

Substation Automation Segmentation

Stage (Retrofit, New)

Based on the stage, the new segment in the substation automation market is projected to observe the largest revenue by the end of 2037. This is attributed to the 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 (Utility, Electronics)

Substation automation market from the utility segment is anticipated to dominate with a revenue share of 53% during the forecast timeframe. This growth of the segment is expected to rise 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: