Substation
automation is an integral part of electrical system for generation,
transmission and distribution of electricity. The combination of
devices used to change the characteristics of electric supply such as
voltage, p.f. and frequency among others is called substation.
Substations are used to receive electricity at high voltage from the
transmission and decrease the voltage to the appropriate level so
that it can be used for local distribution. The build metrics and
impact metrics are the major parameters used to determine the
efficiency of an automated substation.
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Impact
metrics determine the impact on the grid response and its associated
human resource, infrastructure and the consumers after deployment of
smart grid. Build metrics monitors the progress while building the
smart grid infrastructure and is similar to project management type
metrics. On the basis of the components substation automation market
can be segmented into recloser controller, programmable logic
controller, capacitor bank controller, digital transducer/smart
meter, load tap controller, communication channel and digital relays
among others.
The
communication channel includes four segments which includes ethernet,
powerline communication, copper wire communication and optical fiber
communication among others. SCADA (supervisory control and data
acquisition), intelligent electronic devices (IED) and communication
network among others are the segments of substation automation on the
basis of modules. The demand to improve the grid efficiency and
reliability is one of the major factors driving the growth of
substation automation market.
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Apart
from this, the increased need to reduce transmission and distribution
loss is also fuelling the growth of substation automation market. In
addition, the need to reduce outrage time by real time monitoring of
faults and using automated systems to resume services is also
boosting the growth of substation automation market. North America is
the largest market for substation automation as this region is having
large number of automated substations. Moreover, the increasing
demand for electricity and increasing number of smart grids is also
fuelling the growth in this region. Asia Pacific is emerging market
for substation automation and is expected to grow at the fastest rate
among all regions. The rapid industrialization and upcoming power
utilities are the major factors boosting the growth in this region.
Apart from this, cost saving opportunities provided by the
application of automated substations is also fuelling the growth of
substation automation market. India and China are the major markets
supporting the growth in this region. The RoW region includes Africa,
Middle East and Latin America. The increasing number demand for
electricity in Middle East region and Africa is boosting the growth
in this region. Middle East holds the major market for substation
automation in this region. The substation automation market is
expected to grow at a steady rate in the coming years growing at a
CAGR of 5.4% from 2014 to 2020.
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This
report provides strategic analysis of the global substation
automation market, and the market growth forecast for the period 2014
to 2020. The span of the report includes competitive analysis of
various market segments based on the components, module and in-depth
cross sectional analysis of the substation automation market across
different geographic segments. To support strategic decision making,
the report also includes profiling of leading players in the
industry, their market share and various strategies adopted by them.
The Porter’s Five Forces analysis and market attractiveness
analysis included in the report provide insight into market dynamics
and industry competition.
The
report also provides review of various factors affecting the market
growth, which are appropriately described as market drivers,
restraints, and opportunities. These factors establish various
current trends and their impact on market size. Overall, the report
takes into account a complete analysis of the global substation
automation market, and provides an estimated growth for the period
2014 to 2020, taking into account the various factors affecting the
market.
The
report segments the global substation automation market as:
Substation
Automation Market, by Components
- Recloser controller
- Programmable logic controller
- Capacitor bank controller
- Digital transducer/ Smart meter
- Load tap changer
- Communication channel
- Digital relay
- Others
Substation
Automation Market, by Module:
- SCADA
- IED
- Communication network
Substation
Automation Market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
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