Substation Automation Global Market Report 2024

Global Substation Automation Market Report 2024

Substation Automation Global Market Report 2024 – By Component (Hardware, Software), By Rated Voltage (Low Voltage, Medium Voltage, High Voltage), By Communication (Optical Fiber Communication Channel, Power Line Communication Channel, Copper Wire Communication Channel, Ethernet, Other Communication), By Module (Supervisory Control and Data Acquisition (SCADA), Intelligent Electronic Devices (IED), Communication Network, Other Module), By End-User Industry (Utilities, Steel, Oil And Gas, Mining, Transportation) – Market Size, Trends, And Global Forecast 2024-2033

Name: Substation Automation Global Market Report 2024
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Substation Automation Global Market Report 2024

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Substation Automation Market Definition

Substation automation is the set of hardware and software components that monitor and operate an electrical system both locally and remotely. Substation automation's major objective is to enhance the operation and upkeep of these vital power grid substations, which transform, distribute, and regulate electrical energy.

The main components of substation automation are hardware and software. Hardware refers to external and internal devices and equipment that enable execute key operations such as input, output, storage, communication, and processing. Hardware in substation automation is used to monitor and control the electrical equipment in substations. The substation automation is available in low voltage, medium voltage, and high voltage that serves optical fiber communication channel, power line communication channel, copper wire communication channel, Ethernet, and other communication. The modules that it carries are SCADA (supervisory control and data acquisition), IED (intelligent electronic devices), communication network, and other modules that are used by utilities, steel, oil and gas, mining, and transportation industries.

Substation Automation Market Segmentation

The substation automation market covered in this report 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

Global Substation Automation Market Size 2023 to 2028: Graph

Substation Automation Market Size 2024 And Growth Rate

The substation automation market size has grown strongly in recent years. It will grow from $34.23 billion in 2023 to $36.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to weight management concerns, dietary restrictions and preferences, rise in gluten-free and low-carb diets, government initiatives on sugar reduction, adoption of healthy lifestyle.

Substation Automation Market Growth Forecast

The substation automation market size is expected to see strong growth in the next few years. It will grow to $49.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rise in diabetes and obesity rates, expanding aging population, e-commerce growth, educational campaigns on sugar awareness, sustainability considerations, rising interest in plant-based diets.. Major trends in the forecast period include innovative flavor profiles, clean label and natural ingredients, packaging innovation, e-commerce and direct-to-consumer sales, personalization and customization..

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Substation Automation Market Driver: Substation Automation Solutions Amidst Rising Electric Power Needs

The rise in demand for electric power is expected to propel the growth of the substation automation market going forward. Electric power refers to the measure of the amount of energy that is transferred per unit of time. The rise in demand for electric power has led to an increased need for more efficient management of the electrical grid system. Substation automation performs various tasks, such as automating the monitoring and control of power supply at substations to ensure a steady and stable supply of electricity, detect and address faults in real time, and prevent power outages. For instance, in January 2022, according to a report by the International Energy Agency (IEA), a France-based intergovernmental organization that provides data on energy, global electricity demand from renewable sources increased by 6% in 2021, which amounts to an increase of over 1,500 terawatt-hours, the largest ever recorded. Additionally, coal-fired electricity generation grew by 9%, gas-fired electricity generation grew by 2%, and nuclear electricity generation increased by 3.5%. Therefore, the rise in demand for electric power is driving the growth of substation automation.

Substation Automation Market Driver: The Surge Of Substation Automation In Renewable Energy

The rising focus on renewable energy integration is expected to propel the growth of the substation automation market going forward. Renewable energy refers to energy derived from naturally replenishing sources that are virtually inexhaustible over the long term. The integration of renewable energy used in substation automation to create a more flexible, resilient, and efficient electrical grid. It enables operators to manage the challenges associated with the variability and unpredictability of renewable energy sources. For instance, in January 2023, according to the Energy Information Administration, a US-based government agency, 16% of total energy generation in 2023 is anticipated to come from renewable energy sources like wind and solar, up from 14% in 2022. Therefore, the rising focus on renewable energy integration is driving the growth of the substation automation market

Global Substation Automation Market Major Players

Major companies operating in the substation automation market report are Schneider Electric SE, Siemens AG, General Electric Co., DIGI International Inc., ZTE Corporation, Cisco Systems Inc., Black & Veatch Holdings Company, Valiant Communications, ABB Limited, Omicron Electronics GmbH, Hitachi Energy Limited, Motorola Solutions Inc., Telefonaktiebolaget LM Ericsson, Milsoft Utility Solutions, Honeywell International Inc., Rockwell Automation Inc., Texas Instruments, Power Systems Engineering, Eaton Corporation, NovaTech LLC, Crompton Greaves Ltd., Mitsubishi Electric Corporation, GE Grid Solutions, Emerson Electric Co., Efacec Power Solutions, Arteche, Schweitzer Engineering Laboratories, Yokogawa Electric Corporation, Applied System Engineering Inc., Enel S.p.A

Global Substation Automation Market Trend: The Rising Trend Of Digitization In Substation Automation Systems

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.

Global Substation Automation Market Trend: Abb's Smart Substation Control Redefines Industry Standards

Major companies operating in the substation automation market are launching new solutions, such as smart substation control, to sustain their position in the market. Smart substation control refers to the implementation of advanced technologies, intelligent devices, and automated systems to enhance the monitoring, control, and management of electrical substations. For instance, in January 2023, ABB Ltd., a Switzerland-based digital technology provider, launched the first virtualized protection and control solution with Smart Substation Control and Protection SSC600 SW. This enables customers to use the hardware of their choice and still have access to the same reliable control and protection features. Overall, this SSC600 SW is a significant innovation that has the potential to transform the way substations are designed, operated, and maintained. By offering greater flexibility, reduced cost, and improved efficiency, this virtualized solution is well-positioned to play a major role in the future of the power grid.

Substation Automation Market Merger And Acquisition: Hubbell Expands Dominance In Substation Automation With Systems Control Acquisition

In November 2023, Hubbell Inc., a US-based manufacturer and seller of electrical and electronic products, acquired Systems Control for $1.1 billion. This acquisition is a mutually beneficial partnership with the potential to create significant value for both companies and their stakeholders, and it strengthened the utility solutions portfolio and expanded market reach. Systems Control is a US-based substation control and relay panel manufacturer.

Regional Analysis For The Global Substation Automation Market

North America was the largest region in the substation automation market in 2023. Asia-pacific is expected to be the fastest-growing region in the global substation automation market during the forecast period. The regions covered in the substation automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the substation automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The substation automation market consists of revenues earned by entities by providing substation automation services such as planning, designing, and engineering of substation automation systems, and testing and maintenance of systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The substation automation market also includes sales of Remote Terminal Units (RTUs), Programmable Logic Controllers (PLCs), Human Machine Interfaces (HMIs) and Power Quality Monitoring devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The substation automation market research report is one of a series of new reports from The Business Research Company that provides substation automation market statistics, including substation automation industry global market size, regional shares, competitors with a substation automation market share, detailed substation automation market segments, market trends and opportunities, and any further data you may need to thrive in the substation automation industry. This substation automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Substation Automation Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$36.74 billion
Revenue Forecast In 2033	$49.27 billion
Growth Rate	CAGR of 7.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	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
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Schneider Electric SE; Siemens AG; General Electric Co.; DIGI International Inc.; ZTE Corporation; Cisco Systems Inc.; Black & Veatch Holdings Company; Valiant Communications; ABB Limited; Omicron Electronics GmbH; Hitachi Energy Limited; Motorola Solutions Inc.; Telefonaktiebolaget LM Ericsson; Milsoft Utility Solutions; Honeywell International Inc.; Rockwell Automation Inc.; Texas Instruments; Power Systems Engineering; Eaton Corporation; NovaTech LLC; Crompton Greaves Ltd.; Mitsubishi Electric Corporation; GE Grid Solutions; Emerson Electric Co.; Efacec Power Solutions; Arteche; Schweitzer Engineering Laboratories; Yokogawa Electric Corporation; Applied System Engineering Inc.; Enel S.p.A
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Substation Automation Market Characteristics

3. Substation Automation Market Trends And Strategies

4. Substation Automation Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Substation Automation Market Size and Growth

5.1. Global Substation Automation Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Substation Automation Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Substation Automation Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Substation Automation Market Segmentation

6.1. Global Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Hardware

Software

6.2. Global Substation Automation Market, Segmentation By Rated Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Low Voltage

Medium Voltage

High Voltage

6.3. Global Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Optical Fiber Communication Channel

Power Line Communication Channel

Copper Wire Communication Channel

Ethernet

Other Communication

6.4. Global Substation Automation Market, Segmentation By Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Supervisory Control and Data Acquisition (SCADA)

Intelligent Electronic Devices (IED)

Communication Network

Other Module

6.5. Global Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Utilities

Steel

Oil And Gas

Mining

Transportation

7. Substation Automation Market Regional And Country Analysis

7.1. Global Substation Automation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Substation Automation Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Substation Automation Market

8.1. Asia-Pacific Substation Automation Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Substation Automation Market

9.1. China Substation Automation Market Overview

9.2. China Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Substation Automation Market

10.1. India Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Substation Automation Market

11.1. Japan Substation Automation Market Overview

11.2. Japan Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Substation Automation Market

12.1. Australia Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Substation Automation Market

13.1. Indonesia Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Substation Automation Market

14.1. South Korea Substation Automation Market Overview

14.2. South Korea Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Substation Automation Market

15.1. Western Europe Substation Automation Market Overview

15.2. Western Europe Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Substation Automation Market

16.1. UK Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Substation Automation Market

17.1. Germany Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Substation Automation Market

18.5. France Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Substation Automation Market

19.9. Italy Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Substation Automation Market

20.13. Spain Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Substation Automation Market

21.1. Eastern Europe Substation Automation Market Overview

21.2. Eastern Europe Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Substation Automation Market

22.1. Russia Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Substation Automation Market

23.1. North America Substation Automation Market Overview

23.2. North America Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Substation Automation Market

24.1. USA Substation Automation Market Overview

24.2. USA Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Substation Automation Market

25.1. Canada Substation Automation Market Overview

25.2. Canada Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Substation Automation Market

26.1. South America Substation Automation Market Overview

26.2. South America Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Substation Automation Market

27.1. Brazil Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Substation Automation Market

28.1. Middle East Substation Automation Market Overview

28.2. Middle East Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Substation Automation Market

29.1. Africa Substation Automation Market Overview

29.2. Africa Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Substation Automation Market Competitive Landscape And Company Profiles

30.1. Substation Automation Market Competitive Landscape

30.2. Substation Automation Market Company Profiles

30.2.1. Schneider Electric SE

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Siemens AG

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. General Electric Co.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. DIGI International Inc.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. ZTE Corporation

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Substation Automation Market Competitive Benchmarking

32. Global Substation Automation Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Substation Automation Market

34. Substation Automation Market Future Outlook and Potential Analysis

34.1 Substation Automation Market In 2028 - Countries Offering Most New Opportunities

34.2 Substation Automation Market In 2028 - Segments Offering Most New Opportunities

34.3 Substation Automation Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Substation Automation Market, Segmentation By Rated Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Substation Automation Market, Segmentation By Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Substation Automation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Global Substation Automation Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: Asia-Pacific, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: China, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: India, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Japan, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Australia, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: Indonesia, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: South Korea, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Western Europe, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: UK, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: Germany, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: France, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Italy, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Spain, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Eastern Europe, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: Russia, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: North America, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: USA, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: Canada, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: South America, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Brazil, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Middle East, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Africa, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 76: Schneider Electric SE Financial Performance

Table 77: Siemens AG Financial Performance

Table 78: General Electric Co. Financial Performance

Table 79: DIGI International Inc. Financial Performance

Table 80: ZTE Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Substation Automation Market, Segmentation By Rated Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Substation Automation Market, Segmentation By Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Substation Automation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Global Substation Automation Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: Asia-Pacific, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: China, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: India, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Japan, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Australia, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: Indonesia, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: South Korea, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Western Europe, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: UK, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: Germany, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: France, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Italy, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Spain, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Eastern Europe, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: Russia, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: North America, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: USA, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: Canada, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: South America, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Brazil, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Middle East, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Substation Automation Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Substation Automation Market, Segmentation By Communication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Africa, Substation Automation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 76: Schneider Electric SE Financial Performance

Figure 77: Siemens AG Financial Performance

Figure 78: General Electric Co. Financial Performance

Figure 79: DIGI International Inc. Financial Performance

Figure 80: ZTE Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the substation automation market?

How will the substation automation market drivers and restraints affect the substation automation market dynamics? What forces will shape the substation automation industry going forward?

The substation automation market major growth driver - substation automation solutions amidst rising electric power needs. For further insights on the substation automation market, request a sample here

What is the forecast market size or the forecast market value of the substation automation market ?

The substation automation market size has grown strongly in recent years. It will grow from $34.23 billion in 2023 to $36.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to weight management concerns, dietary restrictions and preferences, rise in gluten-free and low-carb diets, government initiatives on sugar reduction, adoption of healthy lifestyle. The substation automation market size is expected to see strong growth in the next few years. It will grow to $49.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rise in diabetes and obesity rates, expanding aging population, e-commerce growth, educational campaigns on sugar awareness, sustainability considerations, rising interest in plant-based diets.. Major trends in the forecast period include innovative flavor profiles, clean label and natural ingredients, packaging innovation, e-commerce and direct-to-consumer sales, personalization and customization.. For further insights on the substation automation market, request a sample here

How is the substation automation market segmented?

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, TransportationFor further insights on the substation automation market, request a sample here

Which region has the largest share of the substation automation market? What are the other regions covered in the report?

North America was the largest region in the substation automation market in 2023. Asia-pacific is expected to be the fastest-growing region in the global substation automation market during the forecast period. The regions covered in the substation automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the substation automation market, request a sample here.

Who are the major players in the substation automation market?

What are the key trends in the substation automation market?

Major trend in the substation automation market - the rising trend of digitization in substation automation systems. For further insights on the substation automation market, request a sample here.

What are the major opportunities in the substation automation market? What are the strategies for the substation automation market?

For detailed insights on the major opportunities and strategies in the substation automation market, request a sample here.

How does the substation automation market relate to the overall economy and other similar markets?

For detailed insights on substation automation market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the substation automation industry?

For detailed insights on the mergers and acquisitions in the substation automation industry, request a sample here.

What are the key dynamics influencing the substation automation market growth? SWOT analysis of the substation automation market.

For detailed insights on the key dynamics influencing the substation automation market growth and SWOT analysis of the substation automation industry, request a sample here.