Substation Automation Global Market Size, Trends, Growth Revenue By 2032

The Substation Automation Global Market Report 2023, provides comprehensive information on the substation automation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Substation Automation Market’s Growth:

https://www.thebusinessresearchcompany.com/report/substation-automation-global-market-report

As per The Business Research Company’s Substation Automation Global Market Report 2023, the global substation automation market size is expected to grow from $32.00 billion in 2022 to $34.23 billion in 2023 at a compound annual growth rate (CAGR) of 6.99%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global substation automation market size is expected to reach $45.41 billion in 2027 at a CAGR of 7.32%.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample_request?id=10428&type=smp

The increasing digitization of substation automation systems is a key trend gaining popularity in the substation automation market. Major market players are concentrating their efforts on creating digitized substation automation systems to monitor and analyze the electrical power grid system in real time. For instance, in May 2022, Doble Engineering Company, US-based diagnostic testing solutions for the electric power industry released the Doble F6880 Digital Network Analyzer. This device is intended to locate and fix communication and network performance issues in IEC 61850 digital substation systems. The F6880 connects to station networks via copper or optical fiber Ethernet cables, digitizes the data, and checks for any deviations from the baseline engineering designs using IEC 61850 sampled values and Generic Object Oriented Substation Events (GOOSE). This makes it possible to efficiently troubleshoot any malfunctioning digital signals.

The substation automation market is segmented:

1) By Component: Hardware, Software

2) By Rated Voltage: Low Voltage, Medium Voltage, High Voltage

3) By Communication: Optical Fiber Communication Channel, Power Line Communication Channel, Copper Wire Communication Channel, Ethernet, Other Communication

4) By Module: Supervisory Control and Data Acquisition (SCADA), Intelligent Electronic Devices (IED), Communication Network, Other Module

5) By End-User Industry: Utilities, Steel, Oil And Gas, Mining, Transportation

North America was the largest region in the substation automation market in 2022.

The table of contents in TBRC’s substation automation market report includes:

1. Executive Summary
2. Substation Automation Market Characteristics
3. Substation Automation Market Trends And Strategies
4. Substation Automation Market – Macro Economic Scenario
5. Substation Automation Market Size And Growth

….……………………………………………………………………………………………

26. Africa Substation Automation Market
27. Substation Automation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Substation Automation Market
29. Substation Automation Market Future Outlook and Potential Analysis
30. Appendix

Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

 

Contact Us:
The Business Research Company
Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

 

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company 

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model