Global Substation Monitoring System Market Size, Share, Opportunities And Trends By Connection Type (Remotely Via Modem Or Wireless, Locally Or Wired), By Component (Hardware, Software), By Network (Transmission, Distribution), By End-User Industry (Energy And Power, Manufacturing, Mining, Transportation), And By Geography - Forecasts From 2019 To 2024

Published:  Mar 2020 Report Code: KSI061611351 Pages: 114

The global substation monitoring system market is valued at US$XX.XX million in 2017 and is projected to reach US$XX.XX million in 2023 exhibiting a CAGR of XX.XX% during the forecast span. Substation monitoring market is driven by increasing number of substations owing to the increasing capacity addition in renewable power generation. This market is also driven the increasing aggregate technical and commercial losses (AT&C). By introduction of substation monitoring system AT&C losses has been successfully reduced in transmission and distribution networks across the geographical regions. Moreover, increasing government initiatives and appropriate funding for advancement and strengthening of transmission and distribution networks are pushing the overall market growth for substation monitoring system. Furthermore, increasing penetration of Internet of Things (IoT) into the power sector will augment the growth for substation monitoring system market across all geographical regions during the forecast period.

However, market for substation monitoring system will be restrained in developing countries owing to high initial cost in the installation of substation monitoring systems which may be PLC, SCADA, or FGPA operated, having bulky models. Moreover, lack of skilled workforce for successful operation of substation monitoring systems will impede its market growth during the forecast period. Furthermore, increasing cyber attacks and other illegal cyber practices will hamper the growth for this market. Despite these market growth restraints, various opportunities lie with this market. Modernization of transmission and distribution networks includes implementation of substation monitoring systems which will provide ample for opportunities to the public as well as private service providers and equipment manufacturers.

On the basis of component, the global substation monitoring system market can be bifurcated as hardware and software. Hardware components include various sensors, intelligent electronic devices, transmission and distribution feeders, and microcontrollers among others. On the other hand, software components include production, asset, and performance management. On the basis of end-user industry the global substation monitoring system market is segmented as energy and power, manufacturing, mining, and transportation.

On the basis of geography, substation monitoring system market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. North America and Europe holds significant share of the global substation monitoring system market owing to the developed economy and transportation services. Early and rapid adoption of advanced technologies and high investment made in the research and development will boost the market growth for substation monitoring system in Europe and North America. Increasing demand for reducing the aggregate technical and commercial losses will remarkably heighten the market for substation monitoring system in Asia Pacific. Moreover, modernization of traditional transmission and distribution networks will boost its market growth in Asia Pacific.

Competitive Landscape

Substation monitoring system market is highly competitive due to the presence of well diversified international, and regional. However, some big international players dominate the market share owing to their brand image and market reach. With high market growth rate and increase in demand, this sector is attracting more players to enter into the market resulting in a more competitive substation monitoring system market. Competitive landscape provides with the strategy and investment details in order to boost up their presence.

Some of the key players of Substation monitoring system market included in the report are ABB Limited, Siemens AG, CG Power and Industrial Solutions Limited, Cisco Systems Inc, Honeywell International Inc, Schweitzer Engineering Laboratories, Inc, and Schneider Electric SE among others.

Segmentation

The Substation monitoring system market has been segmented on the basis of type, components, technology, and geography.

By Connection Type

Remotely via Modem or Wireless

Locally or Wired


By Component

Hardware

Software

By Network

Transmission

Distribution


By End-User Industry

Energy and Power

Manufacturing

Mining

Transportation


By Geography

North America

South America

Europe

Middle East and Africa

Asia Pacific


Key questions answered by the report

What would be the global substation monitoring system market size from 2017-2022?

How are the major drivers and restraints affecting the global substation monitoring system market and the opportunities which exist for the key vendors?

Which segment and region will lead the market growth and why?

A comprehensive analysis of competitive landscape and key market participants behavior.

Key strategies adopted by vendors, with in-depth analysis along with their impact on competition and market growth.

1. Introduction
1.1. Market Definition
1.2. Scope of the study
1.3. Currency
1.4. Assumptions
1.5. Base, and forecast year timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
2.3. Validation
3. Key findings of the study
4. Market Dynamics

4.1. Drivers
4.2. Restraints
4.3. Opportunities and Market Trends
4.4. Market Segmentation
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Value Chain Analysis
4.7. Industry Regulations
4.8. Scenario Analysis
5. Global Substation monitoring system Market Forecast By Connection (US$ billion)
5.1. Introduction
5.2. Remotely via Modem or Wireless
5.3. Locally or Wired
6. Global Substation monitoring system Market Forecast By Component (US$ billion)
6.1. Introduction
6.2. Hardware
6.3. Software
7. Global Substation monitoring system Market Forecast By Network (US$ billion)
7.1. Introduction
7.2. Transmission
7.3. Distribution
8. Global Substation monitoring system Market Forecast By End-User Industry (US$ billion)
8.1. Introduction
8.2. Energy and Power
8.3. Manufacturing
8.4. Mining
8.5. Transportation
9. Global Substation monitoring system Market Forecast By Geography (US$ billion)
9.1. Introduction
9.2. North America
9.3. South America
9.4. Europe
9.5. Middle East and Africa
9.6. Asia Pacific
10. Competitive Intelligence
10.1. Market Share Analysis
10.2. Strategies of Key Players
10.3. Recent Investment and Deals
11. Company Profiles
11.1. Siemens AG
11.1.1. Overview
11.1.2. Financials
11.1.3. Product and Services
11.1.4. Key Developments
11.2. ABB Limited
11.2.1. Overview
11.2.2. Financials
11.2.3. Products and Services
11.2.4. Key Developments
11.3. Schneider Electric SE
11.3.1. Overview
11.3.2. Financials
11.3.3. Products and Services
11.3.4. Key Developments
11.4. CG Power and Industrial Solutions Limited
11.4.1. Overview
11.4.2. Financials
11.4.3. Products and Services
11.4.4. Key Developments
11.5. Cisco Systems, Inc
11.5.1. Overview
11.5.2. Financials
11.5.3. Products and Services
11.5.4. Key Developments
11.6. Honeywell International Inc
11.6.1. Overview
11.6.2. Financials
11.6.3. Products and Services
11.6.4. Key Developments
11.7. Emerson Electric Co.
11.7.1. Overview
11.7.2. Financials
11.7.3. Products and Services
11.7.4. Key Developments
11.8. General Electric Company
11.8.1. Overview
11.8.2. Financials
11.8.3. Products and Services
11.8.4. Key Developments
11.9. NovaTech, LLC
11.9.1. Overview
11.9.2. Financials
11.9.3. Products and Services
11.9.4. Key Developments
11.10. Schweitzer Engineering Laboratories, Inc.
11.10.1. Overview
11.10.2. Financials
11.10.3. Products and Services
11.10.4. Key Developments
Siemens AG
 ABB Limited
Schneider Electric SE
CG Power and Industrial Solutions Limited
Cisco Systems, Inc
Honeywell International Inc
Emerson Electric Co.
General Electric Company
NovaTech, LLC
Schweitzer Engineering Laboratories, Inc.

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