Substation Automation Market Financial Insights, Business Growth Strategies | hitachi abb power grids, siemens energy, General Electric, cisco

Exactitude Consultancy, the market research has completed and published the final copy of the detailed research report on the Substation Automation Market. The Substation Automation Market is expected to register a CAGR of over 6.9% over the forecast period.

According to a recent report published by Exactitude Consultancy, titled, "Substation Automation Market By type (Transmission Substation, Distribution Substations) By Application (Utilities, Steel, Oil & Gas, Mining, Transportation) and by Region (North America, Asia Pacific, Europe, South America, Middle East & Africa), Global trends and forecast from 2023 to 2029". Global Substation Automation Market Research Report 2023 CAGR Status, Size, Industry Share, Interaction, Revenues , Development Strategy, Key Players, Competitive Landscape, Dynamics, competitive share analysis, consumption by regions, business development, technologies and growth trends, demand status and future product.

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✔ A summary of the research work.

✔ Table of Contents The study's depth of coverage

✔ Market participants at the forefront

✔ The research framework of the report's structure

✔ Exactitude Consultancy' research methodology

The report on the Substation Automation Market includes:

• Authoritative insights into the Substation Automation Market Size

• Key industry trends

• Strategies adopted by major players

• Dominating regions

Recent Developments

In January 2021, SEL launched the new SEL-3350 Automation Controller designed for applications that require midlevel I/O and computation. SEL-3350 can withstand harsh environments in utility substations, industrial control systems, and automation systems.

In December 2020, Hitachi ABB Power Grids launched the new Remote Terminal Unit (RTU) 530 that extends the life of existing power distribution networks and supports the migration to modern technologies with enhanced security features, including secure communication, encryption, and security logging.

In November 2020, Siemens Energy was contracted by Kuwait's Ministry of Electricity and Water (MEW) to provide maintenance of 116 high-voltage substations. The advanced maintenance services provided to these substations will help maximize performance, lower operating costs, and deliver better and more reliable network operations for the Ministry of Electricity in Kuwait

Overview of Substation Automation Market Analysis:

Market Size 2022: US $ 36.2 Billion

Market Size by 2028: US $ 56.4 Billion

CAGR (%): 6.9

Forecast Year: 2023-2028

Base Year: 2022

Prominent companies profiled in the Substation Automation Market report are:

hitachi abb power grids, siemens energy, General Electric, cisco, schneider electric, eaton corporation, novatech automation, cadillac automation and controls, and others.

Highlights of the Substation Automation Market Report:

✔ Substation Automation Market Development: Comprehensive information about emerging industry. This report analyses for various segments across geographies

✔ Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Substation Automation Market

✔ Competitive Assessment: In-depth assessment of the Substation Automation Market strategies, geographic and business segments of the leading players in the industry.

✔ Market Diversification: Exhaustive information about new launching, untapped geographies, recent developments, and investments in the market

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Exactitude Consultancy follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the Substation Automation Market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.

Growth rate or CAGR exhibited by a Substation Automation Market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, Substation Automation Market and technological developments, market trends, etc.

Customization Available: Global Substation Automation Market

Exactitude Consultancy is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The Substation Automation Market report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Substation Automation Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

Statistical Analysis

The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our subject experts gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.

We provide statistical modelling, inferential statistical analysis, descriptive statistical analysis, and predictive analysis among various other types of studies. Thus, we provide customized reports with data preparation, management, and analysis. We also have a continuous feedback system, wherein our team ensures that new Substation Automation Market developments are accurately incorporated in the previous databases.

Surveys And Discussion with Industry Leaders

Conducting primaries of industrial experts and subject experts is one of the most important steps of our research analysis. It is a continuous process and is carried out at each level along the value chain. To ensure that the Substation Automation Market estimates are unbiased and depict the actual market scenario, we carry out questionnaires-based research and telephonic discussions with raw material suppliers and manufacturers, product manufacturers and distributors. Additionally, we also cover insights from representatives of regulatory bodies and industry associations.

With the help of insights collected from industrial experts, we are able identify Substation Automation Market segments and key parameters including spending habits of consumers, raw material and production trends, pricing mechanism, and expansion plans of market players. This helps us in providing an-depth analysis of the concerned market.

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This release was published on openPR.