変電所監視システムの世界市場：2028年までの予測 - コンポーネント（ソフトウェア、ハードウェア、その他コンポーネント）、通信（無線、有線、その他通信）、セクター、産業、地域別の分析

Stratistics MRCによると、変電所監視システムの世界市場は2022年に51億4,760万米ドルを占め、2028年には87億7,659万米ドルに達し、予測期間中にCAGR9.3％で成長すると予測されています。

変電所監視システムは、すべての変電所設備の遠隔およびローカル制御、監視、自動化、保護、通信を可能にする複雑な配電ネットワークです。変電所は消費者への電力供給に不可欠であり、送電網と発電機の接続点として機能します。IED（インテリジェント・エレクトロニクス・デバイス）のデータを使って、さまざまな保護機能や自動化機能を監督・制御します。人口増加や電力消費量の増加により、電力需要は倍増しています。変電所監視システムは、人と機械の安全を確保するものです。また、配電・送電ロスを低減し、電力システムの信頼性を向上させることができます。

新・再生可能エネルギー省の報告によると、人口13億人のインドは、70年以上にわたる電力不足の国から、設備容量の40%を非化石燃料でまかない、世界第3位の再生可能エネルギー生産国となり、設備容量は400万kW超の電力余剰国となりました。

市場力学

促進要因

変電所モニタリングシステムの高い需要

変電所モニタリングシステムは、石油・ガスや鉱業など、一部の産業で必要とされる修正に基づいて、カスタム変電所モニタリング動作を生成することができます。変電所モニタリング動作を実行しながら、システムは、測定、記録、および計算することによってデータを生成します。信頼性の高い電力供給、電力網全体、送電網の安定性に対する需要の高まりが、市場の需要を促進しています。

抑制要因

高い設置コスト

変電所には、変圧器、リレー装置、スイッチ、コントローラ、遮断器などの電子機器が設置されており、設置コストが高いです。また、アプリケーショングリッドの無線センサーネットワークは、多機能なセンサーノードを含んでおり、非常に高価です。変電所におけるIEDの設置コストの上昇は、市場の成長を阻害する主な要因となっています。

機会

技術革新と投資

IEC 61850規格は、相互運用を可能にするために進歩が見られます。送配電ネットワーク事業者＆電力会社は、電力需要の高さから、停電や運用コストの削減、効果的なリアルタイム制御を実現するシステムへの投資を増やしています。また、政府からの投資の増加も市場の成長を後押ししています。

脅威

過酷な環境条件

雨水排水、騒音、照明、道路交通などの過酷な環境条件は、変電所監視システムの不適切な機能を引き起こします。変電所の景観、展望台、騒音、照明などの要因は、長期的かつ恒久的な影響であると考えられています。変電所から発生する騒音は、隣接する土地の所有者にとってかなり大きな音になる可能性があります。常にブーンという音やハミングが、変電所のフェンスから数フィート離れた場所でも聞こえるため、市場の成長を妨げています。

COVID-19の影響

変電所監視システム市場は、COVID-19の発生によってサプライチェーンに大きな影響を受けました。パンデミック危機は、株式市場に不確実性をもたらし、サプライチェーンを大幅に減速させ、ビジネスの信頼性を低下させ、顧客層の間でパニックを高めました。様々なエンドユーザー産業からの電力需要が減少したため、いくつかの再生可能エネルギープロジェクトが延期されました。

予測期間中、ワイヤレスセグメントが最大となる見込み

ワイヤレス分野は、メンテナンスの容易さやオンラインモニタリングの目的から、有利な成長を遂げると予測されています。ワイヤレスソリューションは、主に遠隔地で導入されています。ワイヤレスデータ通信は、ユーザーアクセスの容易さ、低コストでの設置、迅速な展開など、さまざまなメリットを提供し、市場の成長を後押ししています。

予測期間中、ハードウェア分野のCAGRが最も高くなると予想されます。

ハードウェア分野は、鉱業、鉄鋼、石油・ガス、運輸などの産業で導入が進んでおり、予測期間中に最も速いCAGRの成長が見込まれています。ハードウェアコンポーネントは、変電所に組み込まれており、リアルタイムのデータ収集に役立ち、それによっていくつかの産業で無停電電源装置を提供し、かなりの成長を示しています。

最大のシェアを持つ地域

アジア太平洋地域は、モニタリングサービスや電力管理ソリューションの需要が高まっていることから、予測期間中に最大の市場シェアを占めると予想されています。この地域は、主要なキープレイヤーや経済圏を有しています。この地域の主要企業は、送電・配電ロス削減のための施策に取り組んでいます。同地域では送配電損失削減のニーズが高まっており、市場の成長を後押ししています。

CAGRが最も高い地域

アジア太平洋地域は、莫大な投資により、予測期間中のCAGRが最も高くなると予測されています。この地域の政府機関は、電気設備の機器検査に自動化サービスを導入するために多額の投資を行っています。政府は損失削減に注力し、全国の電力インフラを改善するために巨額の資金を投じています。

主な発展

2022年10月、EmersonはAVENTICSシリーズのServo Profile Advanced（SPRA）電動アクチュエータを発売しました。この新しい多用途なラインには、精密で再現性の高いロッド式シリンダーが含まれています。Emersonのアクチュエータラインは、耐久性、精度、精密性、速度、高負荷を提供する精密ボールねじ、コスト効率の高いリードねじ、ローラーねじなど3つのねじ技術を提供しています。

2022年5月、ABBは世界中の鉱山会社が使用する新しい標準化されたホイスト制御システム「ABB Ability（TM）NGX」を発表しました。あらゆるホイストに適応し、旧システムやサードパーティシステムとの置き換えが可能で、ホイスト操作の最大性能と安全性を実現するための柔軟性をこれまで以上に高めています。

本レポートの内容

• 地域レベルおよび国レベルのセグメントにおける市場セグメンテーション
• 新規参入企業への戦略的提言
• 2020年、2021年、2022年、2025年、2028年の市場データを網羅
• 市場動向（促進要因・制約要因・機会・脅威・課題・投資機会・推奨事項）
• 市場推定に基づく、主要ビジネスセグメントにおける戦略的推奨事項
• 主要な共通トレンドをマッピングした競合情勢
• 詳細な戦略、財務、最近の開発状況を含む企業プロファイル
• 最新の技術的進歩をマッピングしたサプライチェーン動向

無料カスタマイズサービス

本レポートをご購読のお客様には、以下のカスタマイズオプションのいずれかを無償でご提供いたします。

• 企業プロファイル
  • 追加市場プレイヤーの包括的なプロファイリング（最大3社まで）
  • 主要プレイヤーのSWOT分析（3社まで）
• 地域別セグメンテーション
  • お客様のご希望に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによります。）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要プレイヤーのベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 仮定

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 新興市場
• COVID-19の影響

第4章 ポーターズファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の変電所監視システム市場：コンポーネント別

• ソフトウェア
• ハードウェア
• その他のコンポーネント

第6章 世界の変電所監視システム市場：通信別

• 無線
• 有線
• その他のコミュニケーション

第7章 世界の変電所監視システム市場：セクター別

• 分布
• 伝染; 感染
• その他のセクター

第8章 世界の変電所監視システム市場：産業別

• 鋼
• 効用
• 交通機関
• 鉱業
• 石油ガス
• その他の産業

第9章 世界の変電所監視システム市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東とアフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東

第10章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第11章 企業プロファイル

• Siemens
• Schneider Electric
• Cisco
• ABB
• General Electric
• Emersom Electric
• Honeywell
• Crompton Greaves
• Eaton
• Novatech
• Schweitzer Engineering Laboratories
• Sentient Energy
• Advanced Energy
• FLIR Systems
• Allis Electric Co
• MoviTHERM
• CAS
• CAHORS
• Nortech Management Ltd
• Pyrumas Software Pvt Ltd

List of Tables

• 1 Global Substation Monitoring System Market Outlook, By Region (2020-2028) ($MN)
• 2 Global Substation Monitoring System Market Outlook, By Component (2020-2028) ($MN)
• 3 Global Substation Monitoring System Market Outlook, By Software (2020-2028) ($MN)
• 4 Global Substation Monitoring System Market Outlook, By Hardware (2020-2028) ($MN)
• 5 Global Substation Monitoring System Market Outlook, By Other Components (2020-2028) ($MN)
• 6 Global Substation Monitoring System Market Outlook, By Communication (2020-2028) ($MN)
• 7 Global Substation Monitoring System Market Outlook, By Wireless (2020-2028) ($MN)
• 8 Global Substation Monitoring System Market Outlook, By Wired (2020-2028) ($MN)
• 9 Global Substation Monitoring System Market Outlook, By Other Communications (2020-2028) ($MN)
• 10 Global Substation Monitoring System Market Outlook, By Sector (2020-2028) ($MN)
• 11 Global Substation Monitoring System Market Outlook, By Distribution (2020-2028) ($MN)
• 12 Global Substation Monitoring System Market Outlook, By Transmission (2020-2028) ($MN)
• 13 Global Substation Monitoring System Market Outlook, By Other Sectors (2020-2028) ($MN)
• 14 Global Substation Monitoring System Market Outlook, By Industry (2020-2028) ($MN)
• 15 Global Substation Monitoring System Market Outlook, By Steel (2020-2028) ($MN)
• 16 Global Substation Monitoring System Market Outlook, By Utility (2020-2028) ($MN)
• 17 Global Substation Monitoring System Market Outlook, By Transportation (2020-2028) ($MN)
• 18 Global Substation Monitoring System Market Outlook, By Mining (2020-2028) ($MN)
• 19 Global Substation Monitoring System Market Outlook, By Oil & Gas (2020-2028) ($MN)
• 20 Global Substation Monitoring System Market Outlook, By Other Industries (2020-2028) ($MN)
• 21 North America Substation Monitoring System Market Outlook, By Country (2020-2028) ($MN)
• 22 North America Substation Monitoring System Market Outlook, By Component (2020-2028) ($MN)
• 23 North America Substation Monitoring System Market Outlook, By Software (2020-2028) ($MN)
• 24 North America Substation Monitoring System Market Outlook, By Hardware (2020-2028) ($MN)
• 25 North America Substation Monitoring System Market Outlook, By Other Components (2020-2028) ($MN)
• 26 North America Substation Monitoring System Market Outlook, By Communication (2020-2028) ($MN)
• 27 North America Substation Monitoring System Market Outlook, By Wireless (2020-2028) ($MN)
• 28 North America Substation Monitoring System Market Outlook, By Wired (2020-2028) ($MN)
• 29 North America Substation Monitoring System Market Outlook, By Other Communications (2020-2028) ($MN)
• 30 North America Substation Monitoring System Market Outlook, By Sector (2020-2028) ($MN)
• 31 North America Substation Monitoring System Market Outlook, By Distribution (2020-2028) ($MN)
• 32 North America Substation Monitoring System Market Outlook, By Transmission (2020-2028) ($MN)
• 33 North America Substation Monitoring System Market Outlook, By Other Sectors (2020-2028) ($MN)
• 34 North America Substation Monitoring System Market Outlook, By Industry (2020-2028) ($MN)
• 35 North America Substation Monitoring System Market Outlook, By Steel (2020-2028) ($MN)
• 36 North America Substation Monitoring System Market Outlook, By Utility (2020-2028) ($MN)
• 37 North America Substation Monitoring System Market Outlook, By Transportation (2020-2028) ($MN)
• 38 North America Substation Monitoring System Market Outlook, By Mining (2020-2028) ($MN)
• 39 North America Substation Monitoring System Market Outlook, By Oil & Gas (2020-2028) ($MN)
• 40 North America Substation Monitoring System Market Outlook, By Other Industries (2020-2028) ($MN)
• 41 Europe Substation Monitoring System Market Outlook, By Country (2020-2028) ($MN)
• 42 Europe Substation Monitoring System Market Outlook, By Component (2020-2028) ($MN)
• 43 Europe Substation Monitoring System Market Outlook, By Software (2020-2028) ($MN)
• 44 Europe Substation Monitoring System Market Outlook, By Hardware (2020-2028) ($MN)
• 45 Europe Substation Monitoring System Market Outlook, By Other Components (2020-2028) ($MN)
• 46 Europe Substation Monitoring System Market Outlook, By Communication (2020-2028) ($MN)
• 47 Europe Substation Monitoring System Market Outlook, By Wireless (2020-2028) ($MN)
• 48 Europe Substation Monitoring System Market Outlook, By Wired (2020-2028) ($MN)
• 49 Europe Substation Monitoring System Market Outlook, By Other Communications (2020-2028) ($MN)
• 50 Europe Substation Monitoring System Market Outlook, By Sector (2020-2028) ($MN)
• 51 Europe Substation Monitoring System Market Outlook, By Distribution (2020-2028) ($MN)
• 52 Europe Substation Monitoring System Market Outlook, By Transmission (2020-2028) ($MN)
• 53 Europe Substation Monitoring System Market Outlook, By Other Sectors (2020-2028) ($MN)
• 54 Europe Substation Monitoring System Market Outlook, By Industry (2020-2028) ($MN)
• 55 Europe Substation Monitoring System Market Outlook, By Steel (2020-2028) ($MN)
• 56 Europe Substation Monitoring System Market Outlook, By Utility (2020-2028) ($MN)
• 57 Europe Substation Monitoring System Market Outlook, By Transportation (2020-2028) ($MN)
• 58 Europe Substation Monitoring System Market Outlook, By Mining (2020-2028) ($MN)
• 59 Europe Substation Monitoring System Market Outlook, By Oil & Gas (2020-2028) ($MN)
• 60 Europe Substation Monitoring System Market Outlook, By Other Industries (2020-2028) ($MN)
• 61 Asia Pacific Substation Monitoring System Market Outlook, By Country (2020-2028) ($MN)
• 62 Asia Pacific Substation Monitoring System Market Outlook, By Component (2020-2028) ($MN)
• 63 Asia Pacific Substation Monitoring System Market Outlook, By Software (2020-2028) ($MN)
• 64 Asia Pacific Substation Monitoring System Market Outlook, By Hardware (2020-2028) ($MN)
• 65 Asia Pacific Substation Monitoring System Market Outlook, By Other Components (2020-2028) ($MN)
• 66 Asia Pacific Substation Monitoring System Market Outlook, By Communication (2020-2028) ($MN)
• 67 Asia Pacific Substation Monitoring System Market Outlook, By Wireless (2020-2028) ($MN)
• 68 Asia Pacific Substation Monitoring System Market Outlook, By Wired (2020-2028) ($MN)
• 69 Asia Pacific Substation Monitoring System Market Outlook, By Other Communications (2020-2028) ($MN)
• 70 Asia Pacific Substation Monitoring System Market Outlook, By Sector (2020-2028) ($MN)
• 71 Asia Pacific Substation Monitoring System Market Outlook, By Distribution (2020-2028) ($MN)
• 72 Asia Pacific Substation Monitoring System Market Outlook, By Transmission (2020-2028) ($MN)
• 73 Asia Pacific Substation Monitoring System Market Outlook, By Other Sectors (2020-2028) ($MN)
• 74 Asia Pacific Substation Monitoring System Market Outlook, By Industry (2020-2028) ($MN)
• 75 Asia Pacific Substation Monitoring System Market Outlook, By Steel (2020-2028) ($MN)
• 76 Asia Pacific Substation Monitoring System Market Outlook, By Utility (2020-2028) ($MN)
• 77 Asia Pacific Substation Monitoring System Market Outlook, By Transportation (2020-2028) ($MN)
• 78 Asia Pacific Substation Monitoring System Market Outlook, By Mining (2020-2028) ($MN)
• 79 Asia Pacific Substation Monitoring System Market Outlook, By Oil & Gas (2020-2028) ($MN)
• 80 Asia Pacific Substation Monitoring System Market Outlook, By Other Industries (2020-2028) ($MN)
• 81 South America Substation Monitoring System Market Outlook, By Country (2020-2028) ($MN)
• 82 South America Substation Monitoring System Market Outlook, By Component (2020-2028) ($MN)
• 83 South America Substation Monitoring System Market Outlook, By Software (2020-2028) ($MN)
• 84 South America Substation Monitoring System Market Outlook, By Hardware (2020-2028) ($MN)
• 85 South America Substation Monitoring System Market Outlook, By Other Components (2020-2028) ($MN)
• 86 South America Substation Monitoring System Market Outlook, By Communication (2020-2028) ($MN)
• 87 South America Substation Monitoring System Market Outlook, By Wireless (2020-2028) ($MN)
• 88 South America Substation Monitoring System Market Outlook, By Wired (2020-2028) ($MN)
• 89 South America Substation Monitoring System Market Outlook, By Other Communications (2020-2028) ($MN)
• 90 South America Substation Monitoring System Market Outlook, By Sector (2020-2028) ($MN)
• 91 South America Substation Monitoring System Market Outlook, By Distribution (2020-2028) ($MN)
• 92 South America Substation Monitoring System Market Outlook, By Transmission (2020-2028) ($MN)
• 93 South America Substation Monitoring System Market Outlook, By Other Sectors (2020-2028) ($MN)
• 94 South America Substation Monitoring System Market Outlook, By Industry (2020-2028) ($MN)
• 95 South America Substation Monitoring System Market Outlook, By Steel (2020-2028) ($MN)
• 96 South America Substation Monitoring System Market Outlook, By Utility (2020-2028) ($MN)
• 97 South America Substation Monitoring System Market Outlook, By Transportation (2020-2028) ($MN)
• 98 South America Substation Monitoring System Market Outlook, By Mining (2020-2028) ($MN)
• 99 South America Substation Monitoring System Market Outlook, By Oil & Gas (2020-2028) ($MN)
• 100 South America Substation Monitoring System Market Outlook, By Other Industries (2020-2028) ($MN)
• 101 Middle East & Africa Substation Monitoring System Market Outlook, By Country (2020-2028) ($MN)
• 102 Middle East & Africa Substation Monitoring System Market Outlook, By Component (2020-2028) ($MN)
• 103 Middle East & Africa Substation Monitoring System Market Outlook, By Software (2020-2028) ($MN)
• 104 Middle East & Africa Substation Monitoring System Market Outlook, By Hardware (2020-2028) ($MN)
• 105 Middle East & Africa Substation Monitoring System Market Outlook, By Other Components (2020-2028) ($MN)
• 106 Middle East & Africa Substation Monitoring System Market Outlook, By Communication (2020-2028) ($MN)
• 107 Middle East & Africa Substation Monitoring System Market Outlook, By Wireless (2020-2028) ($MN)
• 108 Middle East & Africa Substation Monitoring System Market Outlook, By Wired (2020-2028) ($MN)
• 109 Middle East & Africa Substation Monitoring System Market Outlook, By Other Communications (2020-2028) ($MN)
• 110 Middle East & Africa Substation Monitoring System Market Outlook, By Sector (2020-2028) ($MN)
• 111 Middle East & Africa Substation Monitoring System Market Outlook, By Distribution (2020-2028) ($MN)
• 112 Middle East & Africa Substation Monitoring System Market Outlook, By Transmission (2020-2028) ($MN)
• 113 Middle East & Africa Substation Monitoring System Market Outlook, By Other Sectors (2020-2028) ($MN)
• 114 Middle East & Africa Substation Monitoring System Market Outlook, By Industry (2020-2028) ($MN)
• 115 Middle East & Africa Substation Monitoring System Market Outlook, By Steel (2020-2028) ($MN)
• 116 Middle East & Africa Substation Monitoring System Market Outlook, By Utility (2020-2028) ($MN)
• 117 Middle East & Africa Substation Monitoring System Market Outlook, By Transportation (2020-2028) ($MN)
• 118 Middle East & Africa Substation Monitoring System Market Outlook, By Mining (2020-2028) ($MN)
• 119 Middle East & Africa Substation Monitoring System Market Outlook, By Oil & Gas (2020-2028) ($MN)
• 120 Middle East & Africa Substation Monitoring System Market Outlook, By Other Industries (2020-2028) ($MN)

According to Stratistics MRC, the Global Substation Monitoring System Market is accounted for $5147.60 million in 2022 and is expected to reach $8776.59 million by 2028 growing at a CAGR of 9.3% during the forecast period. A substation monitoring system is a complicated power distribution network that allows remote and local control, monitoring, automation, protection and communication of all substation equipment. Substations are essential for supplying power to consumers and act as the connection points between transmission networks and electric generators. It supervises and controls various protection and automation functions using intelligent electronic devices (IEDs) data. Demand for electricity is multiplying due to increasing population and power consumption. The substation monitoring system ensures the safety of both man and machine. It helps in the reduction of distribution and transmission losses and enhances the reliability of power systems.

According to the reports of Ministry of New and Renewable Energy, India with a population of 1.3 billion, from a power deficit nation for over seven decades, became the world's third largest producer of renewable energy, with 40% of its installed electricity capacity coming from non-fossil fuel sources and a power surplus nation with a total installed electricity capacity of over Four lakh MW.

Market Dynamics:

Driver:

High demand of substation monitoring system

The substation monitoring systems can generate custom substation monitoring operations based on the required modifications for some industries such as oil and gas and mining. While performing substation monitoring actions, the system generates data by measuring, recording and calculating. The surge in demand for reliable power supply, overall power network and grid stability are driving the demand of the market.

Restraint:

High installation costs

The electronic devices in substation such as transformers, relay devices, switches, controllers, circuit breakers consists high setting up costs. Additionally, wireless sensor network in application grid contains multifunctional sensor nodes which are quite expensive. The increasing installation costs of IEDs in substations are the major factors hindering growth of the market.

Opportunity:

Advancements and investments

Advancements are made in the IEC 61850 standards to enable interoperability. The transmission and distribution network operators & power producers have increased their investments in systems that reduce outages, operating costs and provide effective real-time control due to the high demand for power. And also, the increase in investments from the government is propelling the market growth.

Threat:

Harsh environmental conditions

Harsh environmental conditions such as storm water drainage, noise, lighting and road traffic causes the improper functioning of substation monitoring systems. Factors such as substation landscaping, view sheds, noise and lighting are considered to be long-lasting and permanent effects. The noise created by substations can be quite loud to adjacent property owners, as a constant buzzing and humming of noise can be audible several feet from the substation fence which are hindering the growth of the market.

COVID-19 Impact

The substation monitoring system market was immensely impacted by the outbreak of COVID-19 as it largely affected the supply chain. The pandemic crisis has created uncertainty in the stock market, slowed the supply chain significantly, lowered business confidence and heightened panic among customer segments. Several renewable energy projects were delayed because of the reduction in power demand from various end-user industries.

The wireless segment is expected to be the largest during the forecast period

The wireless segment is estimated to have a lucrative growth, due to its easy maintenance and online monitoring purposes. The wireless solutions are majorly implemented in remote areas. Wireless data communications offers various advantages such as easy user access, low-cost installation and rapid deployment which drive the growth of the market.

The hardware segment is expected to have the highest CAGR during the forecast period

The hardware segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its growing implementation in mining, steel, oil & gas and transportation industries. Hardware components are being built in the electrical substations and they help in the collection of real-time data, thereby providing an uninterrupted power supply in several industries and witnessing a considerable growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing demand for monitoring services and power management solutions. This region is having the major key players and economies. They key players are undertaking initiatives to introduce measures to reduce the T&D losses. The rising need for reduction in transmission and distribution losses in this region is fuelling the market growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the huge investments. The government organizations in this region are heavily investing in implementing automated services for examination of devices in electrical facilities. Government is focusing on reducing losses and spending huge amount for improving the power infrastructure across the country.

Key players in the market

Some of the key players profiled in the Substation Monitoring System Market include Siemens, Schneider Electric, Cisco, ABB, General Electric, Emersom Electric, Honeywell, Crompton Greaves, Eaton, Novatech, Schweitzer Engineering Laboratories, Sentient Energy, Advanced Energy, FLIR Systems, Allis Electric Co, MoviTHERM, CAS, CAHORS, Nortech Management Ltd, Pyrumas Software Pvt Ltd

Key Developments:

In October 2022, Emerson launched AVENTICS Series Servo Profile Advanced (SPRA) Electric Actuators. The new, versatile line contains precise and highly repeatable rod-style cylinders. Emerson's actuator line offers three screw technologies, including a precision ball screw, a cost-effective lead screw and a roller screw providing durability, accuracy, precision, speed and heavy loads.

In May 2022, ABB launched ABB Ability™ NGX, a new standardized hoist control system for use by mining companies worldwide. It can adapt to any hoist and replace older and third-party systems, offering more flexibility than ever to achieve maximum performance and safety of hoist operations.

Components Covered:

• Software
• Hardware
• Other Components

Communications Covered:

• Wireless
• Wired
• Other Communications

Sectors Covered:

• Distribution
• Transmission
• Other Sectors

Industries Covered:

• Steel
• Utility
• Transportation
• Mining
• Oil & Gas
• Other Industries

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Emerging Markets
• 3.7 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Substation Monitoring System Market, By Component

• 5.1 Introduction
• 5.2 Software
• 5.3 Hardware
• 5.4 Other Components

6 Global Substation Monitoring System Market, By Communication

• 6.1 Introduction
• 6.2 Wireless
• 6.3 Wired
• 6.4 Other Communications

7 Global Substation Monitoring System Market, By Sector

• 7.1 Introduction
• 7.2 Distribution
• 7.3 Transmission
• 7.4 Other Sectors

8 Global Substation Monitoring System Market, By Industry

• 8.1 Introduction
• 8.2 Steel
• 8.3 Utility
• 8.4 Transportation
• 8.5 Mining
• 8.6 Oil & Gas
• 8.7 Other Industries

9 Global Substation Monitoring System Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Siemens
• 11.2 Schneider Electric
• 11.3 Cisco
• 11.4 ABB
• 11.5 General Electric
• 11.6 Emersom Electric
• 11.7 Honeywell
• 11.8 Crompton Greaves
• 11.9 Eaton
• 11.10 Novatech
• 11.11 Schweitzer Engineering Laboratories
• 11.12 Sentient Energy
• 11.13 Advanced Energy
• 11.14 FLIR Systems
• 11.15 Allis Electric Co
• 11.16 MoviTHERM
• 11.17 CAS
• 11.18 CAHORS
• 11.19 Nortech Management Ltd
• 11.20 Pyrumas Software Pvt Ltd