Substation Monitoring Market Size To Expand at a Notable CAGR Of 8.8% During 2022-2030

Pune, India, February, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on global Substation monitoring Market. The Substation Monitoring Market is expected to expand at ~ 8.8% CAGR during the period 2022 to 2030. 

Market Highlights

Substation monitoring is a key tool for utilities as it provides the real-time based data through the integration of software and hardware component. Substation monitoring involves acquiring significant data from the parameters attached to substation assets such as transformers, conductors, and circuit breaker, among others. The substation monitoring system can be structured in three levels. First level involves Data acquisition from each asset through appropriated sensor. Second level involves Data storage and processing at substation level, and third level involves Integration of the data from different substations into the general maintenance management system of the utility.    

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Substation Monitoring Market Research Report

Based on component, the Substation monitoring market is segmented into hardware and software. The software segment is estimated to grow at a faster pace during the forecast period. The increasing use of electricity in the industries and demand for uninterrupted power in developing economies including China and India are driving the growth of the substation monitoring system market for software. Moreover, a growing need for reducing electricity losses through monitoring is driving the growth of the substation monitoring system market for software.

The global Substation monitoring Market is expected to grow at 8.8% CAGR during the forecast period.

Drivers

Market Research Analysis

Asia Pacific accounts for the largest market share in the Substation monitoring market

Region wise, Asia Pacific held the largest market share of the global substation monitoring market in 2017. The substation monitoring system market in emerging economies, such as China, India, and South Korea, is expected to grow at the highest CAGR because of the rising need for reduction in transmission and distribution losses in these countries.

GLOBAL SUBSTATION MONITORING MARKET 2022-2030

Scope of the Report

This report provides an in-depth analysis of the global Substation monitoring market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Substation monitoring Market by its component, technology type, sector, industry, and by region.

• By Component


• Hardware
  
  
  
  • Intelligent Electronic Devices
    
    
    
    • Transformer
      
      
      
      • Voltage Instrument Transformer
      
      
      • Current Instrument Transformer
      
      
      
      
    
    
    • Relay Devices
    
    
    • Recloser Controllers
    
    
    • Circuit Breakers
    
    
    • Switches
    
    
    
    
  
  
  • Distribution Network Feeders
  
  
  • Others
    
    
    
    • Smart Sensors
    
    
    • Cameras
    
    
    • Microcontrollers
    
    
    
    
  
  
  
  


• Hardware
  
  
  
  • Asset Management
  
  
  • Production Management
  
  
  • Performance Management
  
  
  
  

• By Communication Technology


• Wired Communication Technology
  
  
  
  • Fiber Optic
  
  
  • PROFIBUS
  
  
  • Ethernet
    
    
    
    • Others Fieldbus
    
    
    • Modbus
    
    
    • HART
    
    
    
    
  
  
  
  


• Wireless Communication Technology
  
  
  
  • Wireless LAN (Wi-Fi)
  
  
  • Cellular Technology
  
  
  • Zigbee
  
  
  
  

• By Sector


• Distribution


• Transmission

• By Industry


• Steel


• Oil & Gas


• Utility
  
  
  
  • Renewable
  
  
  • Non-Renewable
  
  
  
  


• Transportation


• Mining

• By Region


• North America 


• Asia-Pacific 


• Europe


• Middle East & Africa


• South Africa

Key Players

The key players of the global Substation monitoring Market are are Siemens AG, ABB Ltd., Schneider Electric, General Electric, Cisco, Emerson Electric, Honeywell, Eaton, Emerson Electric, Crompton Greaves, Schweitzer Engineering Laboratories, Novatech, Igrid T&D, Sentient Energy, Cadillac Automation and Controls, Tekvel, and I-TOR, among others.