Global Recloser Controller Substation Automation Market, By Module (IED, RTU, BCU, SCADA), Communication (Wired, Wireless), Types (Transmission, Distribution), End-User (Utility, Industry), Stage (Retrofit, New), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Recloser Controller Substation Automation Market
Recloser controller substation automation market will grow at a CAGR of 8.90% in the forecast period of 2021 to 2028. Increasing demand for low-cost substation automation solutions in the solar industry is an essential factor driving the recloser controller substation automation market.
The substation automation system is a type of advanced power distribution network that provides control, monitoring, automation, protection and communication of all the equipment in the substation remotely as well as locally. It refers to the usage of data from intelligent electronic devices (IEDs) control and automation capabilities within the substation which control commands from remote users to control power system devices. It also performs critical functions such as step-up and step-down voltage regulation and forms a basic part of generation, transmission and distribution systems. There are numerous features attached with substation automation systems which include controlling and monitoring substation devices using two-way communications through remote control ad intelligent electronic devices (IEDs)
Rising demand for retrofitting conventional substations is a crucial factor accelerating the market growth, also rising integration of functions with digital technology to improve grid efficiency in smart cities, the rising development in the IEC 61850 standard to enable interoperability among intelligent electronic devices, rising advantages of fiber-optic cables, rising electricity demand throughout the globe, increased demand for smart grids and rising need for up-gradation of existing networks are the major factors among others boosting the recloser controller substation automation market. Moreover, the rising demand for renewable energy projects in the substation automation market and the rising shift towards battery technology for electricity generation triggering investments by the governments in APAC will further create new opportunities for the recloser controller substation automation market in the forecast period mentioned above.
However, rising embedded Ieds in substations increase equipment purchase cost and rising wireless sensor networks incur high capital expenditure for installations are the major factors among others which will curtail the market growth, while rising technological advancements leading to the chances of new malware in the power industry and rising lack of technical expertise will further challenge the recloser controller substation automation market in the forecast period mentioned above.
This recloser controller substation automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on recloser controller substation automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recloser Controller Substation Automation Market Scope and Market Size
Recloser controller substation automation market is segmented on the basis of module, communication, types, end-user and stage. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of module, the recloser controller substation automation market is segmented into IED, RTU, BCU and SCADA.
- Based on communication, the recloser controller substation automation market is segmented into wired and wireless.
- Based on types, the recloser controller substation automation market is segmented into transmission and distribution.
- Based on end-user, the recloser controller substation automation market is segmented into utility and industry.
- The recloser controller substation automation market is also segmented on the basis of stage into retrofit and new.
Recloser Controller Substation Automation Market Scope Country Level Analysis
Recloser controller substation automation market is analysed and market size, volume information is provided by country, module, communication, types, end-user and stage as referenced above.
The countries covered in the recloser controller substation automation market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the recloser controller substation automation market due to rising investments aimed to boost the manufacturing activities across developing economies worldwide, rising favorable initiatives from governments in countries such as India, China, and Japan, increasing development in the IEC 61850 standard to enable interoperability among intelligent electronic devices and rising advantages of fiber-optic cables in this region.
The country section of the recloser controller substation automation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Recloser Controller Substation Automation Market Share Analysis
Recloser controller substation automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to recloser controller substation automation market.
The major players covered in recloser controller substation automation market report are Crompton Greaves Consumer Electricals Limited, Schweitzer Engineering Laboratories, Inc., Honeywell International Inc, NovaTech, LLC, ADI Engineering, Inc., Advanced Control Systems, Inc., Advantech Co., Ltd., AMETEK Power Instruments., Eaton, Schneider Electric, General Electric, Siemens, ABB, Trilliant Holdings Inc., GRIDNET, LARSEN & TOUBRO LIMITED., Power System Engineering, Inc., JSC YAMAL LNG and cgglobal among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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