The
growing global substation automation market primarily deals with
advanced communications systems and control technologies. Grid
efficiency is the main factor that drives this market. Substation
automation aims at eliminating obsolete equipment, decreasing
operating cost and reduction of room space and the control panel. It
plays a pivotal role in the electrical system for generating,
transmitting and distributing electricity. The combining of devices
and equipment that are used for altering the features of electricity
supply like frequency, voltage and pf is known as substation.
The
need for substation automation by power companies for meeting the
rising energy needs creates the necessary demand in the global
substation automation market. The primary focus of the emerging smart
grid is on electrical substations because they comprise the crucial
interconnections of the power grid providing power conditioning,
voltage conversion and protection functions that are needed between
the different levels of distribution and transmission networks.
Earlier,
the global
substation automation market was characterized by automation
systems that offered simple remote monitoring and control facilities
that either reduced or entirely eliminated the need to regularly
staff huge substations. However, today substations are vital for
end-to-end smart grid automation and instrumentation.
Global
Substation Automation Market - Market Segmentation
The
global substation automation market is segmented on the basis of
types of substation, SCADA (supervisory control and data acquisition)
for substation automation, communication networks and technology,
components and geography. The types of substation include
distribution substation, transmission substation and tie line
substation which is also known collector substation.
Communication
networks and technology include Ethernet, power line, fiber optic and
copper wire communications networks. The components include
Intelligent Electronic Devices (IEDs) such as recloser controls,
digital protection relays, digital transducers, capacitor bank
controls, voltage controls, logical programmable controller and RTUs.
Communication is of utmost importance for substation automation since
all the monitoring devices and IEDs that are situated at substation
and the field generate data that needs to be transmitted to the
utility data center that is located remotely.
Growth
Drivers and Inhibitors in the Global Substation Automation Market
Substations
vary drastically on the basis of their complexity, cost and size.
Huge transmission substations look into the power needs of entire
cities and the local distribution substations cater to the needs to
the feeder circuits of local residential neighborhoods. Improved
technology and a move towards system standards like IEC 61850 are
leading to cost effective substation automation.
The
main factors that drive the global substation automation market
include rising need for reducing distribution and transmission
losses, rising number of smart grid improving grid efficiency, and
reliability. Increasing demand for distributed intelligence also
drives the market for substation automation. The substation
automation market in the Asia Pacific is driven by increasing demand
for electricity due to rapid industrialization. The ageing and
obsolete power utility infrastructure in the Asia Pacific economies
is also another factor that fuels the growth of the substation
automation market in this region.
The
factors that inhibit the growth of the global substation automation
market include steep initial investments, strict regulation issues
and matters pertaining to cyber security. Risks related to data
security increases the need for greater cyber security.
Key
Players in the Global Substation Automation Market
The
presence of a large number of automated substations in North America
makes this region the largest market in the global substation
automation market. China and India are expected to be the fastest
growing substation automation markets in the forthcoming years due to
the cost saving opportunities extended by the application of
automated substations in these regions. Growth of this market in
Africa and the Middle East regions is driven by the increasing demand
for electricity. There is high growth potential in the Middle East
region.
Some
of the prominent companies in the global substation automation market
include Echelon Corporation, ABB, Ltd. , Alstom S.A., Siemens A.G. ,
GE Energy Management, Itron, Inc. , Trilliant, Inc. , Schneider
Electric S.E., Cisco Systems, Inc. and Eaton Corporation Plc.
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