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Global Substation Automation Market to Reach USD 139.34 Billion by 2020, Growing at a CAGR of 5.4% From 2014 to 2020

ALBANY, New York, August 21, 2014 /PRNewswire/ --

According to a new market research report "Substation Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," the market was valued at USD 96.52 billion in 2013, which is expected to reach USD 139.34 billion by 2020, growing at a CAGR of 5.4% from 2014 to 2020.

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. 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.

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Communication channel segment accounted for the largest revenue share in 2013. Apart from this, it is also expected to be the fastest growing segment in the coming years growing at a CAGR of 13.1% from 2014 to 2020. In terms of module, intelligent electronic devices (IED) segment held the highest market share, in 2013. Increasing demand for reduction in the outrage time and improving transmission and distribution efficiency are the major factors driving the growth in this segment. The communication network segment is expected to grow the fastest, growing at a CAGR of 13.1% from 2014 to 2020.

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.

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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: 

  • IED
  • Communication network

Substation Automation Market, by Geography: 

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World  

Latest and Related Semiconductors Reports: 

Surge Protection Devices Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2014 - 2020:

The global surge protection devices market is expected to witness a substantial growth during the forecast period. This is due to its increasing demand across various application sectors such as industrial, residential and commercial sectors. Increasing incidences of transient voltage and lightning accidents globally is increasing the usage of surge protection devices. If the surge or spike is high, it can cause heavy damage to electrical equipment.

The increase in the usage of electrical equipment such as personal computers, printers and industrial control equipment such as PLC's, microwaves, washing machines and alarms are amplifying the demand for surge protection devices globally.

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Among all the application segments, industrial sector holds the largest market share at present in surge protection devices market, whereas; commercial segment is expected to be the fastest growing application segment due to the increase in telephone and internet users in the emerging nations.

This market research study analyzes the surge protection devices market on a global level, and provides estimates in terms of revenue (USD million) from 2014 to 2020. The report recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

Tire Cord and Tire Fabrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020:

This report covers forecast and analysis for the tire cord and tire fabrics market on a global and regional level. The study provides historic data of 2013 along with forecast from 2014 to 2020 based on both volumes (kilo tons) and revenue (USD million). The study includes drivers and restraints for the tire cord and tire fabrics market along with their impact on demand during the forecast period. Additionally, the report includes the study of opportunities available in the market for tire cord and tire fabrics on the global and regional level.

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In order to provide the users of this report with a comprehensive view of this market, we have included a detailed value chain analysis listing market players for each entity in the value chain. An analysis of Porter's Five Forces model has also been included to help understand the competitive landscape in the tire cord and tire fabrics market. The study encompasses market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.

Several primary and secondary sources were consulted during the course of the study. Some of the secondary sources, which were consulted, were Source One, Activa, Hoovers, OICA, ICRA, NPG-6, Tire business, P2Infohouse, Global Automotive Report 2013 and company annual reports and publications among many others.

Mobile Applications and App Stores: Market Analysis and Forecasts 2013 - 2018:

The mobile industry is in a significant transition stage in which major handset manufacturers, wireless operators, leading enterprises and some independents are all enabling developers to create new applications that are placed in online stores. With this transition comes new infrastructure, processes and procedures for customers, and in the case of enterprise, employees and customers, to easily find and benefit from mobile applications that seamless integrate into the handset including automated billing and OSS functions.

This research evaluates mobile application stores trends including the transition to improved enterprise support. The report includes comparative analysis, SWOT analysis, and analysis of support functions (development, testing, etc.). The report evaluates business opportunities including anticipated future prospects of app store development and support for enterprise applications.

The reports includes forecasts for Global Mobile Application Revenue 2013 - 2018 segmented by Business Model and App Store Provider

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Report Benefits: 

  • Global application forecasts 2013 - 2018
  • Comparative SWOT analysis of developer programs
  • Identify opportunities to expand apps to enterprise
  • Understand the landscape including players and positioning
  • Understand Integrated Mobile Management (IMM) for enterprise
  • Recognize key industry trends shaping the future of apps on different OS.

Target Audience: 

  • Enterprise companies: Understand challenges and opportunities for app management
  • Potential application store providers: Comparative analysis and market review including enterprise
  • Retail electronics distributors (business & retail): Detailed technical comparison & review of the market
  • Mobile software developers: Provides focus on what platforms offer in terms of growth and opportunities

LED Lighting: Market Shares, Strategies, And Forecasts, Worldwide, 2013 To 2019:

LED lighting decreases labor costs of replacing bulbs in commercial situations. The LED bulbs are implementing new semiconductor technology. The 2013 study has 403 pages, 183 tables and figures. Worldwide LED lighting markets are poised to achieve significant growth as buildings and communities lead the way in implementing the more cost efficient systems. In some cases, the utility plants are providing funding and financing so that lighting users can make the shift to LED lighting.

LED lamps lower the overall cost of lighting. LED lighting costs are less than costs with incandescent lights. LED lamps offer up to 50,000 hours of illumination with a fraction of the energy used by traditional incandescent bulbs. LED bulbs generate 90% less heat than incandescent bulbs. LED bulbs extend time between bulb replacements. The bulbs are used to achieve a near zero-maintenance lighting system.

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LED lighting products are coming to market rapidly. Suppliers carry up to 150 different LED bulb and lamp styles to fit the various needs of consumers and businesses.

LED PAR lamps dominate the ENERGY STAR qualified product list, so back in 2012 IEE partnered with TopTen USA and Ecova to develop recommendations for top performing PAR38 and PAR30 LED lamps. The team developed an evaluation protocol that starts with the lamps found in ENERGY STAR's list, to which we applied product criteria screens and testing to a subset of lamps to determine the 10 top performers. Efficiency along with aesthetics, payback period, and dimming performance were key criteria to the ranking.

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