Substation Automation by Component, Module, and Communication Channel: Global Opportunity Analysis and Industry Forecast, 2014-2022,” the global substation automation market was valued at $106,891 million in 2015, and is estimated to reach $154,786 million by 2022, growing at a CAGR of 5.5% during the forecast period. North America accounted for the highest revenue share in 2015, and is anticipated to maintain its dominance throughout the forecast period
The latest survey on Global substation automation market is conducted covering various organizations of the industry from different geographies to come up with 200+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Substation automation market. The report bridges the historical data from 2014 to 2022 and forecasted till 2027, product outline, the organization’s required raw materials, and others growth factors.
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Substation automation market Competitive Analysis:
Leading market players in global Substation automation market include Major players in substation automation industry include Ingeteam, ABB Ltd., Schneider Electric SE, Siemens AG, Amperion Inc., GE Grid Solutions, Cisco Systems Inc., Eaton Technologies Pvt. Ltd., and Schweitzer Engineering Laboratories, Inc These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Covid-19 Impact on the Global Substation automation market:
Substation automation market Research Report provides an overview of the industry based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2021-2027). This report covers the impact of the latest COVID-19 on the market. The coronavirus pandemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly.
COVID-19 Scenario:
- Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on research and development of new products.
- However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of products in certain locations.
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Substation automation market Segmentation:
The research offers a detailed segmentation of the global Substation automation market. Key segments analysed in the research by Component, Module, Communication Channel and geography. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables.
Substation automation market Regional Analysis:
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
KEY FINDINGS OF THE STUDY
- In 2015, communication channel led the overall substation automation market, and is projected to grow at a CAGR of 10.9% during the forecast period.
- IEDs led the overall market in 2015, and is projected to grow at a CAGR of 3.3%.
- Power line communication technology segment is expected to grow at a significant CAGR of 8.8%.
- North America accounted for the largest market share in 2015, and is anticipated to grow at a CAGR of 5.0%.
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KEY QUESTIONS ANSWERED IN THE REPORT:
Q1. At what CAGR, the Global Substation automation market will expand from 2014 – 2022?
Q2. What will be the revenue of Global industry by the end of 2022?
Q3. How can I get sample report of Substation automation market?
Q4. Which are the factors that drives global industry Growth?
Q5. Who are the leading players in Substation automation market?
Q6. How can I get company profiles of top ten players of Global Market?
Q7. What are the segments of Substation automation market?
Q8. What are the key growth strategies of Substation automation market Players?
Q9. By Application, which segment is expected to exhibit the highest CAGR during 2014 – 2022?
Q10. By Region, which segment holds a dominant position in 2020 and would maintain the lead over the forecast period?
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