Substation Automation Integration Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

Global demand for Substation Automation and Integration market was valued at approximately USD 38.2 Billion in 2019, and is expected to generate revenue of around USD 56.5 Billion by end of 2026, growing at a CAGR of around 6% between 2021 and 2027.

The main driver of the global substation automation and integration market is the growing impact of the old power industry and smart grid infrastructure. This allows multifunctional solutions to meet advanced communication protocols. Another growth factor for the global market is Intelligent Electronic Devices (IED), which is expected to revitalize the global substation automation and integration market in the future. It provides seamless control and monitoring throughout the substation.

Substation Automation Integration Market- Segmentation

By Type

• Transmission
• Distribution

By Application

• New Installations
• Retrofit Installations

Company Profiles

• ABB
• A.D.D. Group/Specialized Energy Systems
• ADI Engineering, Inc.
• Advanced Control Systems, Inc.
• Advantech
• AMETEK Power Instruments
• ATEMEX
• Basler Electric Company
• Beckwith Electric Co., Inc.
• CG Global / ZIV /QEI
• Cisco
• DC Systems
• Honeywell Automation India Ltd.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Substation Automation Integration Market Report

• What was the Substation Automation Integration Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Substation Automation Integration Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Substation Automation Integration Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.