Substation Automation Market Size to Increase at a CAGR of 6.05% During the Forecast Period of 2023-2029
Global Substation Automation Market size was US$ 42.84 Bn. in 2022 and is projected to reach US$ 64.64 Bn. by 2029, growing at a CAGR of 6.05% during the forecast period.
Market Overview:
A research team conducted extensive primary and secondary research for the global Substation Automation market study. Secondary research was used to supplement existing data, segment the market, assess total market size, and forecast market size and growth rate.
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Market Scope:
Our team at Maximize collects market information and data from multiple sources to provide a comprehensive regional perspective. The country-level analysis is based on reviews of various regional stakeholders, tax laws, policies, consumer behavior, and macroeconomic statistics.
Drivers:
The Substation Automation market report also covers major restraints and drivers affecting the market.
Segmentation:
For detailed segmentation:
by Offering
Hardware
Software
Services
by Type
Distribution
Transmission
by End-User
Industries
Utilities
by Communication
Wired
Wireless
by Stage
Retrofit Installations
New Installations
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Key Players:
1. Hitachi ABB Power Grids
2. Siemens Energy
3. General Electric
4. Cisco Systems
5. Schneider Electric
6. Eaton Corporation
7. Alstom SA
8. Amperion Inc
9. Schweitzer Engg Lab
10. Ametek
11. Texas Instruments
12. Grid Net
13. Larsen & Toubro Limited
14. Power System Engineering Inc.
15. Toshiba Corporation
16. Cooper Industries
17. Others
Regional Analysis:
The Substation Automation Market report includes a country-level examination focusing on high-growth categories, countries with the largest market share, and those with the highest development potential. The regional breakdown includes:
- North America (USA, Canada)
- South America
- Asia Pacific (China, Japan, India, Korea)
- Europe (Germany, UK, France, Italy)
- Other countries
COVID-19 Impact Analysis:
The report also examines the impact of COVID-19 on the global Substation Automation market.
Key Questions Answered in the Substation Automation Market Report:
- Which product segment had the largest share in the Substation Automation market in 2020?
- What is the projected competitive landscape of the Substation Automation market during the forecast period (2021-2027)?
- What are the key factors driving growth in the Substation Automation market?
- Which region held the maximum share in the Substation Automation market in 2020?
- What will be the CAGR of the global Substation Automation market during the forecast period (2021-2027)?
About Maximize Market Research:
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