Power Substation Automation & Integration Market Trends and Dynamic Demand by 2030 – mbu timeline

Global Electrical Substation Automation and Integration Market: Overview

Smart grid infrastructures have fundamentally transformed the electric power industry in a number of developed and developing countries. They are instrumental in the automation and integration of electrical substations and have increased their implementation in the electrical sector. They basically consist of advanced control methods and modern system software infrastructure. Among several smart grid components, the main ones are smart sensing and metering technologies and intelligent electronic devices (IEDs), which have greatly contributed to the automation of electrical substations. These smart electronic devices contain microprocessors that can provide inputs and outputs to the smart grid system, perform some essential primary control services, and assist in the exchange of operational and non-operational data. The most common IEDs include protective relays, load readings, revenue meters, programmable logic controllers (PLCs), and electrical equipment controllers. Supervisory control and data acquisition (SCADA) systems are the key to operational data management and are used to control and monitor the electrical system in the substation.

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Smart metering technologies provide data that facilitates remote monitoring, manages time-of-use pricing, and enables demand-side management for utility consumers. Along with smart metering systems, SCADAs have become ubiquitous in smart grid technologies. These components are deployed to improve and automate operations and maintenance (O&M) efficiency. Multiple vendors offering analytical tools to integrate information technology (IT) and operational technology (OT) capabilities into electrical substations need to ensure that utilities can extract more valuable insights from smart meters. Non-operational data consists of important information about event summaries through oscillographic reports and sequential event records. In addition, SCADA also helps grid operators and managers to prevent any security breaches and cyber attacks, which has boosted their popularity in the power substation automation and integration market.

Global Electrical Substation Automation and Integration Market: Overview

Electrical substation automation and integration installations are used to improve command, automation and control within substations. The technology is mainly used in electrical distribution systems. Smart electronic devices used to generate data are the most commonly used machines in substation automation.

The Electrical Substation Automation and Integration Market report provides a comprehensive overview of the market covering the various drivers and restraints, and identifying the opportunities in the market. It is compiled from comprehensive data obtained through proven research methods and trusted industry sources. Presented in chapter form, the report also includes various graphs, infographics, statistics and data aimed at providing additional insights into the global Power Substation Automation and Integration market.

It also studies the effect of Porter’s five forces on the market. The analysis measures the bargaining power of buyers and sellers, the threat of substitutes and new entrants, and the degree of competition prevailing in the market. The information thus compiled in the report is intended to provide leading companies with a better perspective of the prevailing business dynamics and assist them in creating successful business strategies.

Global Power Substation Automation and Integration Market: Trends and Opportunities

The electrical substation automation and integration market is gaining momentum due to the growing adoption of smart grid infrastructure, which is also rapidly replacing existing electrical infrastructure. The growing demand for the former is attributed to the multi-functional solutions they provide, which mainly comply with advanced communication protocols. Additionally, the market is expected to be driven by the growing need to improve network efficiency and reliability.

Despite positive growth, the high initial investment required to deploy power substation automation and stringent regulations might hamper the trajectory of the market to some extent.

Global Power Substation Automation and Integration Market: Regional Outlook

Regionally, while North America has established its dominance in the global electrical substation automation and integration market, Asia-Pacific is expected to register a higher CAGR during the period report forecast. Due to significantly high industrial penetration, the demand for electrical substation automation and integration will continue to remain high in North America. However, the growth seen in major economies is expected to stagnate in the coming years, forcing major market players to look for opportunities in developing countries. In Asia-Pacific, they will discover lucrative prospects as emerging countries show rapid industrial growth and booming economies.

Global Power Substation Automation and Integration Market: Vendor Landscape

The vendor landscape analysis includes profiles of companies such as ABB Ltd., Cooper Power Systems Inc., Schweitzer Engineering Lab Inc., Alstom SA, Siemens AG, General Electric Co., and NovaTech LLC, among others. The analysis covers the financial reports of the profiled companies, an assessment of recent business strategies and their resulting effects, strengths and weaknesses, and the evolution of their operations over the years. Based on the research thus conducted, the report provides honed insights to help market players, existing and new entrants, to create winning business strategies for the future.

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