Pike Research Analyzes Electric Utility Substation Automation Market

Substation automation equipment featuring supervisory control and data acquisition (SCADA) devices, protective relays, communications, and other sensors has been a mature and significant market for about ten years.

The substation automation functions have been built within the extensive smart grid architecture, which at present represent shift in the nature of substation automation potential toward recently automated smaller distribution substations, and within the formerly automated transmission substations’ retrofit. A new report from Pike Research states that this trend forms a part of Navigant’s Energy Practice, enabling the global market for substation automation to have a consistent growth from $2.7 B in 2012 to $4.3 B in 2020.

Most of the global substation automation revenue is covered by new transmission substations. This new report states that this segment will have maximum growth during 2013 and 2014, with gradual decline through 2020, giving rise to 0% CAGR from 2011 to 2020. Automation of distribution substations will grow at 7.0% CAGR, while retrofits of existing transmission substations will increase at 7.1% CAGR, over the same period. But in the year 2020, newly automated distribution substations will serve as massive application segment supporting substation automation equipment.

This report on “Substation Automation” represents key technologies, history, evolving standards, drivers, and pioneer vendors related to substation automation technologies. It also features forecast on the global substation automation equipment market’s size and development through 2020. The market is classified by automation device categories such as sensors, SCADA, protective relays, communications; by new versus retrofit installations; by transmission and distribution substations, and by major world regions.

Source: http://www.pikeresearch.com/

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