The Substation Monitoring Market is expected to expand at 8.50 % CAGR during the period 2018 to 2023. Substation monitoring is a key tool for utilities as it provides the real-time based data through the integration of software and hardware component. The substation monitoring involves the monitoring of different parameters such as voltage, frequency, power input and output of a substation. This data is collected to transmitted through communication technologies to the main station. These data related to these parameters are captured from various devices installed in a substation including transformers, switchgears, conductors & isolators, and circuit breakers, among others.
Substation monitoring involves acquiring significant data from the parameters attached to substation assets such as transformers, conductors, and circuit breaker, among others. The substation monitoring system can be structured in three levels. First level involves Data acquisition from each asset through appropriated sensor. Second level involves Data storage and processing at substation level, and third level involves Integration of the data from different substations into the general maintenance management system of the utility.
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Regional Analysis:
Region wise, Asia Pacific held the largest market share of the global substation monitoring market in 2017. The substation monitoring system market in emerging economies, such as China, India, and South Korea, is expected to grow at the highest CAGR because of the rising need for reduction in transmission and distribution losses in these countries.
Prominent Players:
Siemens AG, ABB Ltd., Schneider Electric, General Electric, Cisco, Emerson Electric, Honeywell, Eaton, Emerson Electric, Crompton Greaves, Schweitzer Engineering Laboratories, Novatech, Igrid T&D, Sentient Energy, Cadillac Automation and Controls, Tekvel, and I-TOR
Substation Monitoring Market Segments Analysis:
By Component
- Hardware
- Intelligent Electronic Devices
- Transformer
- Voltage Instrument Transformer
- Current Instrument Transformer
- Relay Devices
- Recloser Controllers
- Circuit Breakers
- Switches
- Distribution Network Feeders
- Others
- Smart Sensors
- Cameras
- Microcontrollers
- Hardware
- Asset Management
- Production Management
- Performance Management
By Communication Technology
- Wired Communication Technology
- Fiber Optic
- PROFIBUS
- Ethernet
- Others Fieldbus
- Modbus
- HART
- Wireless Communication Technology
- Wireless LAN (Wi-Fi)
- Cellular Technology
- Zigbee
By Sector
- Distribution
- Transmission
By Industry
- Steel
- Oil & Gas
- Utility
- Renewable
- Non-Renewable
- Transportation
- Mining
By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South Africa
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List of Assumptions
3.6 Limitations of The Study
4 Market Insights
Continued……
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List of Tables
Table 1 Global Substation Monitoring Market, By Region, 2016-2023 (USD Million)
Table 2 North America Substation Monitoring Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Substation Monitoring Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Substation Monitoring Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Substation Monitoring Market, By Country, 2016-2023 (USD Million)
Table 6 South America Substation Monitoring Market, By Country, 2016-2023 (USD Million)
Table 7 Global Substation Monitoring Market, By Component, 2016-2023 (USD Million)
Table 8 North America Substation Monitoring Market, By Component, 2016-2023 (USD Million)
Continued…….
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