Global Electric Power Substation Automation Market Analysis

Date: 2015-09-16

In recent years, with the improvement of the level of grid operation, dispatch center at all levels ask for more information, in order to timely grasp operation of the grid and substation, improve the controllability of the substation. Electric power substation automation has revolutionized the way utilities manage their networks. As substation is a base for some of the most important functions of the utility, it would not be wrong to say that any major breakthrough in a substation technology is seen as one of the foremost aspects of the smart grid revolution. Presently, transmission and distribution utilities are targeting complete substation automation of the existing retrofit substations or partially automated substations. Substation automation equipment include communications, protective relays, supervisory control and data acquisition (SCADA) equipment and related sensors. It is an important and mature market and has many years of history. Today, substation automation functions integrate into the broader smart grid architecture, it is gradually changing substation automation market opportunities, it develops in the direction toward new automated mini substation and the modernization of existing power transmission station automation. Global Electric Power Substation Automation market size is USD 2.91 billion in 2013, global Electric Power Substation Automation market size is expected to reach USD 4.47 billion by 2020, at CAGR of 6.5% from 2014 to 2020.

At present, that can produce the electrical substation automation equipment main company has: ABB Ltd. (Switzerland), Siemens AG (Germany), Alstom S.A. (France), GE (U.S.), Eaton Corporation (Ireland), SEL (U.S.), Cisco Systems (U.S.), Amperion (U.S.), Schneider Electric (France), Ingeteam (Spain).

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