The global substation automation market is expected to be valued at US$ 29.12 billion in 2023. With the increasing demand for electric and hybrid vehicles, coupled with the rising use of digital technology to improve grid efficiency in smart cities, the overall demand for substation automation is projected to grow at a CAGR of 6.7% between 2023 and 2033, totaling around US$ 55.69 billion by 2033.
Substation automation is a method of using data from intelligent electronic devices. It refers to controlling and automating the capabilities within the substation and controlling power systems devices through commands from remote users. To automate the electricity substations, equipment such as specific software, special sensors, and equipment that facilitate two-way communication is entailed.
| Data Points | Key Statistics |
|---|---|
| Substation Automation Market Value 2023 | US$ 29.12 billion |
| Substation Automation Market Projected Value (2033) | US$ 55.69 billion |
| Substation Automation Market CAGR (2023 to 2033) | 6.7% |
In addition, intelligent electronic devices such as protective relays, programmable logical control, and a digital transducer are used. Such type of equipment helps in the monitoring and controlling of substation equipment. Also, with the help of such equipment, the incidences and duration of power outages are reduced.
The key market driver of this market is to reduce human intervention and improve the system's operating efficiency. Also, increasing developments in SCADA and communication technologies and rising demand for renewable energy projects drive the market growth.
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The global demand for substation automation is projected to increase at a CAGR of 6.7% during the forecast period between 2023 and 2033, reaching a total of US$ 55.69 billion in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 4.1%.
According to Future Market Insights, a market research and competitive intelligence provider, the substation automation market was valued at US$ 27.29 billion in 2022.
The increasing demand for efficient electricity transmission, reduced operations and management costs for utilities, and, ultimately, lower power costs for consumers drive the growth of smart grids in the market. Also, the increasing integration of large-scale renewable energy systems and improved security, among others, are fueling the growth of smart grids in substation automation.
Smart grid communication technology provides predictive data and recommendations to the utilities, suppliers, and customers on how best to manage power. Moreover, smart grids are deployed by applying modern technologies in substations and power networks.
To reach the smart grid, one needs complete information from substations in the transmission network to analyze and manage it. The trends towards upgrading and retrofitting the old conventional substations besides new modern substations are boosting the market growth.
Attributed to the need for the upgradation and replacement of an aging energy infrastructure, the smart grid is one of the best solutions used in substation automation as it allows for automatic rerouting when equipment fails or outages occur, minimizes outages, and minimizes the effects. These Grid technologies are expected to further drive the market growth for substation automation.
Additionally, digitization and automation have been the focus areas for the Indian power grid over the last decade. During this period, the Power Grid Corp. of India Ltd (POWERGRID), the central transmission utility for India, deployed IEC 61850-based grid substation automation in more than 100 substations. For a fully digitalized substation, the 220 kV Greenfield Chandigarh substation is currently under construction.
Increasing Investments in Smart Grid Infrastructure Development to Fuel the Market Growth
Substation automation assists with reducing operational as well as maintenance costs and increases plant productivity using enhanced technologies. It also ensures high performance, reliability, and safety of electrical power network performing interlocking and smart load shedding functions.
Smart grids can reduce energy losses during transmission and distribution, improve reliability and productivity, and manage energy demand smartly and cost-effectively.
Considering all these benefits, heavy investments are being made for the development of smart grids across the world. For instance, in May 2018, Natural Resource Canada announced an investment of US$ 949,000 for a next-generation smart grid project.
The grid project focuses on promoting the adoption of renewable energy sources and the implementation of technology to integrate new sources of clean energy without compromising the stability and reliability of existing grids.
The Government of Germany is making multiple initiatives to completely digitalize various operations in the railway sector; for example, the automatic operation of trains on the mainline network using automated substations. According to the International Railway Journal, the Government of Germany has invested US$ 80 million in developing digital applications to increase the network capacity.
Huge Prospects for Substation Automation to Augment the Market Growth
Solar and wind are currently the mainstream options in the power sector, with most countries generating more than 20% of their electricity using solar and wind energy sources. According to the International Energy Agency (IEA), the share of renewable sources in world electricity generation reached 25% in 2019.
By 2050, renewable power will be able to provide the bulk of global power demand, which would be approximately 86%. Companies across the world are focusing on investing in sustainable energy infrastructure than in fossil fuels.
According to the IEA's World Energy Investment 2020 report, total investment in renewable energy sources amounted to US$ 259 billion and US$ 226 billion in 2019 and 2020, respectively. The decline in 2020 was much because of the economic crisis due to the outbreak of the COVID-19 pandemic.
Countries worldwide are trying to develop new renewable electricity generation projects. They are also investing in solar and wind projects to meet the growing electricity demand and minimize the environmental impacts, along with investments in generating power using non-renewable sources at the same time.
Increase in Population and the Subsequent Rise in Electricity Demand boding well for Substation Automation Expansion
Electricity has gained significant importance in daily life, similar to air and water. Residential, commercial, and industrial users each account for roughly one-third of the nation's electricity use.
On average, the biggest single uses of electricity in the residential sector are space heating and cooling (air conditioning), lighting, water heating, space heating, home appliances, and electronics. Demand for electricity in the residential sector increases on hot summer afternoons due to the rise in ACs, fans, and coolers.
The commercial sector comprises government organizations, service-providing facilities and equipment, and other public and private entities. Usually, the substantial single uses of electricity in the commercial sector are lighting, heating, ventilation, and air cooling & conditioning.
Electricity requirements in the commercial areas rise during operating business hours and may reduce substantially on nights and weekends. Electricity use in the industrial sector generally does not fluctuate through the day or year, as in the case of residential and commercial sectors, particularly at manufacturing facilities that operate round-the-clock.
For instance, in 2019, according to IEA, the world's total electricity final consumption reached 22 848 TWh, up 1.7% from 2018. In 2019 (OECD Organization for Economic Cooperation and Development), the total electricity final consumption stood at 9 672 TWh, 1.1% lower than in 2018, while final electricity consumption in non-OECD countries was 13 176 TWh, an increase of 3.8% from 2018.
High Installation Cost of IEDs in Substations to Act a Market Restraint
The initial phase of automating the substation is capital-intensive, which may restrain the growth of the global substation automation market. The increasing use of advanced technologies such as microprocessors and service-oriented architecture (SOA) and the rising requirement to embed several IEDs in substations have increased the purchase costs of these substations.
Moreover, effective deployment of smart substations requires strong coordination across customary organizational boundaries, significant process change, and rigorous governance. High investments in the fruitful deployment of smart substations could add to the government's economic burden. After the deployment, high operational and maintenance costs are also a big concern for utility providers.
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Increasing Investment in Energy Infrastructure in the Region
The North American substation automation market is expected to accumulate the highest market share of 36.0% in 2023. On a geographic basis, North America is anticipated to be the largest market for substation automation, owing to the increasing popularity and adoption of advanced intelligent electronic device & communication technologies.
This is helping the substation automation market growth along with the technology development in the electrical field in countries like the United States and Canada.
Factors such as increasing investment in energy infrastructure by different governments owing to increasing urbanization and higher energy demand are some of the major factors that are expected to boost the growth of the Substation Automation Market in the region over the analysis period.
In addition, increasing dependence on electricity, demand from the power system for advanced technology, requirements to reduce maintenance and operating costs, and implementation of government incentives are primarily driving North America's substation automation market size.
Government Initiatives to Improve Power & Energy Sector in the Region
The substation automation market in the Asia Pacific is expected to accumulate a market share of 32.5% in 2023 and is expected to continue to maintain the trend over the forecast period as well. Several initiatives have been taken by various governments in APAC countries to improve the power and energy sector, driving the growth of the substation automation market.
The Government of India has launched several schemes to revive power distribution utilities and electrify villages. The Indian government is following the smart infrastructure vision in its country.
The smart power infrastructure includes digitization of the grid, which helps distribute uninterrupted electricity to the industrial, residential, and commercial end users. Additionally, in 2020, the Government of China invested US$ 31 billion to modernize its grid infrastructure by installing automated substations. Similarly, countries such as Indonesia and South Korea are also investing in grid modernization projects.
For instance, in November 2019, CG Power Systems Indonesia, a subsidiary of CG Power and Industrial Solutions (CG), was awarded a contract from the Indonesian state utility PT PLN (Persero) to manufacture and supply 25 units of power transformers valued at US$ 24 million.
The order will support PLN's ambitious goal to enhance its transmission grid performance. All these factors are placing the substation automation market in APAC towards a positive growth trajectory.
Furthermore, Asia Pacific is projected to have healthy growth during the forecast period owing to the increasing demand for rural electrification and adoption of equipment facilitating safety and better operation of the substation. Also, the presence of companies bringing in advancements in electrical equipment will further add up to the regional growth.
Increasing Demand for Smart Grids in the Region
The European substation automation market is expected to accumulate a market share value of 30% in 2023. The European renewable target for 2030 (32% of total energy consumed) means that more than 50% of electricity would be generated from RES, most of which would be connected to the MV and LV grids.
Furthermore, policies formulated by the EU have encouraged the development of decentralized electricity generation, electric vehicles, and energy storage to cater to flexible demand.
Moreover, the European countries are emerging as major revenue-generating countries for substation automation markets, owing to the increasing demand for smart grids and an increase in the adoption of renewable energy. These factors are anticipated to accelerate the European Substation Automation Market during the forecast period.
Substation Automation Hardware to beat Competition in Untiring Markets
Hardware is estimated to account for the largest market share of the substation automation market in 2023, accumulating 65% revenue. The market growth can be attributed to the introduction of the IEC 61850 standard for substations, which enables the incorporation of all control, measurement, and monitoring functions in one protocol and facilitates interoperability between intelligent electronic devices (IEDs).
The demand for substation automation systems is also driven by the increasing need to retrofit conventional substations to incorporate modern-day monitoring and control capabilities.
Various government bodies and companies worldwide plan to install SCADA systems in their substations. Utilities and heavy industries are increasingly adopting SCADA systems to achieve improved control and complete view of substations, increasing operational efficiency.
SCADA Segment to Drive the Substation Automation Market
Based on the control system, the SCADA segment is expected to witness significant growth over the forecast period, at a CAGR of 6.3%, owing to increased reliability, greater customer satisfaction, and improved utilization witnessed over its installation across various industries.
Moreover, rising implementations and demand for SCADA systems, especially from pharmaceutical and food & beverage sectors, drive the market growth. Besides, the increasing adoption of SCADA technology in energy & power and the oil & gas industries worldwide creates substantial market demand.
SCADA systems are witnessing increasing adoption in major industries, such as energy, oil & gas, recycling, transportation, water & wastewater, food & beverage, and manufacturing. Also, SCADA adoption among industrial organizations and private companies is growing to control & maintain the efficiency of communication systems across facilities, make data-driven smarter decisions, and help mitigate downtime issues.
Over recent years, SCADA systems have emerged as crucial solutions for simple configurations and large, complex installations for many different types of enterprises in many modern industries. Also, developments in the Industrial Internet of Things (IIoT) and burgeoning sectors worldwide boost market demand.
Commercial and Civic Power Utilities Segment to Dominate the Substation Automation Market
Commercial and civic power utilities are expected to be the primary end user of the substation automation market at present, likely to flourish at a CAGR of 6.5% until 2033. The market growth can be attributed to the increasing government initiatives towards modernization of power grids and growing investments towards power generation through renewable sources.
According to the World Energy Investment 2020 report published by the International Energy Agency (IEA), total investment in renewable sources of power amounted to US$ 259 billion and US$ 226 billion for 2019 and 2020, respectively.
In the current scenario, the demand for substation automation solutions is more in the wind industry; government organizations and power generation companies join hands to bring automation to wind farm projects.
In June 2019, General Electric (GE) signed a contract with DTEK to supply high-voltage equipment for the 150 kV central power distribution station and two 150/35/10 kV substations, which would ensure the transmission of electricity from the first stage of Prymorska wind farm (Zaporizhia region) to the Ukrainian power grid. The digital substation will be installed at the wind farm.
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How are Key Players Opening Frontiers for Future Growth?
Substation Automation Market such as BluWava-ai, Envelio, Novogrid, Grid4C, Solarify, Stem, Octopus Energy, Arcadia, Uplight, BBOXX, Autogrid, Origami Energy, Leap, Enervee, SparkMeter, Power Ledger, Electrify, Innowatts, SALT Energy - Micro-CHP Plants, Synthica Energy - Renewable Natural Gas, Gaia Wind - Small Wind Turbines, and VOLTA - Battery Backup Generators, among others, are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
Prominent players in the substation automation market are General Electric, SIEMENS AG, Eaton, Mitsubishi Electric Automation, CISCO, Emerson Electric Co., ABB, Schneider Electric, Rockwell Automation, Fuji Electric Co., Ltd., and Nari Group, among others.
Recent Developments:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.7% from 2023 to 2033 |
| Market Value in 2023 | US$ 29.12 billion |
| Market Value in 2033 | US$ 55.69 billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Report Customization & Pricing | Available upon Request |
The market is slated to attain US$ 29.12 billion in 2023.
The market is expected to expand at a CAGR of 6.7% through 2033.
Surging investments in smart grid infrastructure and budding substation automation.
North America holds a notable market share.
Hardware is expected to ace the marketplace in future.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Hardware
5.3.1.1. IEDs
5.3.1.2. Bay Controller
5.3.1.3. Feeder and Motor
5.3.1.4. Protection Relay
5.3.1.5. Tele controller / IECs
5.3.1.6. Circuit Breaker Control & Management
5.3.1.7. Line Differential
5.3.1.8. Others
5.3.2. Software
5.3.2.1. Data Visualization and Monitoring
5.3.2.2. Data Analysis
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Site
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Site, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Site, 2023 to 2033
6.3.1. Process Level/ Electric Control Value (US$ Million)
6.3.2. Bay Level
6.3.3. Substation Level
6.4. Y-o-Y Growth Trend Analysis By Site, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Site, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Rated Voltage
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Rated Voltage , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Rated Voltage , 2023 to 2033
7.3.1. Low Voltage
7.3.2. Medium Voltage
7.3.3. High Voltage
7.4. Y-o-Y Growth Trend Analysis By Rated Voltage , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Rated Voltage , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Control System
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Control System, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Control System, 2023 to 2033
8.3.1. SCADA Based
8.3.2. HMI Based
8.3.3. RI/O (Remote Input-Output) Based
8.4. Y-o-Y Growth Trend Analysis By Control System, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Control System, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
9.3.1. Transmission Substation
9.3.2. Distribution Substation
9.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
10.1. Introduction / Key Findings
10.2. Historical Market Size Value (US$ Million) Analysis By End User, 2018 to 2022
10.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2023 to 2033
10.3.1. Commercial and Civic Power Utilities
10.3.2. Oil & Gas Terminals
10.3.3. Mining & Metallurgy
10.3.4. Manufacturing Unit
10.3.5. Railways
10.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
10.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
11.1. Introduction
11.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
11.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
11.3.1. North America
11.3.2. Latin America
11.3.3. Western Europe
11.3.4. Eastern Europe
11.3.5. South Asia and Pacific
11.3.6. East Asia
11.3.7. Middle East and Africa
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. USA
12.2.1.2. Canada
12.2.2. By Component
12.2.3. By Site
12.2.4. By Rated Voltage
12.2.5. By Control System
12.2.6. By Application
12.2.7. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Site
12.3.4. By Rated Voltage
12.3.5. By Control System
12.3.6. By Application
12.3.7. By End User
12.4. Key Takeaways
13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. Brazil
13.2.1.2. Mexico
13.2.1.3. Rest of Latin America
13.2.2. By Component
13.2.3. By Site
13.2.4. By Rated Voltage
13.2.5. By Control System
13.2.6. By Application
13.2.7. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Site
13.3.4. By Rated Voltage
13.3.5. By Control System
13.3.6. By Application
13.3.7. By End User
13.4. Key Takeaways
14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. Germany
14.2.1.2. UK
14.2.1.3. France
14.2.1.4. Spain
14.2.1.5. Italy
14.2.1.6. Rest of Western Europe
14.2.2. By Component
14.2.3. By Site
14.2.4. By Rated Voltage
14.2.5. By Control System
14.2.6. By Application
14.2.7. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Site
14.3.4. By Rated Voltage
14.3.5. By Control System
14.3.6. By Application
14.3.7. By End User
14.4. Key Takeaways
15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. Poland
15.2.1.2. Russia
15.2.1.3. Czech Republic
15.2.1.4. Romania
15.2.1.5. Rest of Eastern Europe
15.2.2. By Component
15.2.3. By Site
15.2.4. By Rated Voltage
15.2.5. By Control System
15.2.6. By Application
15.2.7. By End User
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Component
15.3.3. By Site
15.3.4. By Rated Voltage
15.3.5. By Control System
15.3.6. By Application
15.3.7. By End User
15.4. Key Takeaways
16. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Country
16.2.1.1. India
16.2.1.2. Bangladesh
16.2.1.3. Australia
16.2.1.4. New Zealand
16.2.1.5. Rest of South Asia and Pacific
16.2.2. By Component
16.2.3. By Site
16.2.4. By Rated Voltage
16.2.5. By Control System
16.2.6. By Application
16.2.7. By End User
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Component
16.3.3. By Site
16.3.4. By Rated Voltage
16.3.5. By Control System
16.3.6. By Application
16.3.7. By End User
16.4. Key Takeaways
17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
17.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
17.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
17.2.1. By Country
17.2.1.1. China
17.2.1.2. Japan
17.2.1.3. South Korea
17.2.2. By Component
17.2.3. By Site
17.2.4. By Rated Voltage
17.2.5. By Control System
17.2.6. By Application
17.2.7. By End User
17.3. Market Attractiveness Analysis
17.3.1. By Country
17.3.2. By Component
17.3.3. By Site
17.3.4. By Rated Voltage
17.3.5. By Control System
17.3.6. By Application
17.3.7. By End User
17.4. Key Takeaways
18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
18.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
18.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
18.2.1. By Country
18.2.1.1. GCC Countries
18.2.1.2. South Africa
18.2.1.3. Israel
18.2.1.4. Rest of MEA
18.2.2. By Component
18.2.3. By Site
18.2.4. By Rated Voltage
18.2.5. By Control System
18.2.6. By Application
18.2.7. By End User
18.3. Market Attractiveness Analysis
18.3.1. By Country
18.3.2. By Component
18.3.3. By Site
18.3.4. By Rated Voltage
18.3.5. By Control System
18.3.6. By Application
18.3.7. By End User
18.4. Key Takeaways
19. Key Countries Market Analysis
19.1. USA
19.1.1. Pricing Analysis
19.1.2. Market Share Analysis, 2022
19.1.2.1. By Component
19.1.2.2. By Site
19.1.2.3. By Rated Voltage
19.1.2.4. By Control System
19.1.2.5. By Application
19.1.2.6. By End User
19.2. Canada
19.2.1. Pricing Analysis
19.2.2. Market Share Analysis, 2022
19.2.2.1. By Component
19.2.2.2. By Site
19.2.2.3. By Rated Voltage
19.2.2.4. By Control System
19.2.2.5. By Application
19.2.2.6. By End User
19.3. Brazil
19.3.1. Pricing Analysis
19.3.2. Market Share Analysis, 2022
19.3.2.1. By Component
19.3.2.2. By Site
19.3.2.3. By Rated Voltage
19.3.2.4. By Control System
19.3.2.5. By Application
19.3.2.6. By End User
19.4. Mexico
19.4.1. Pricing Analysis
19.4.2. Market Share Analysis, 2022
19.4.2.1. By Component
19.4.2.2. By Site
19.4.2.3. By Rated Voltage
19.4.2.4. By Control System
19.4.2.5. By Application
19.4.2.6. By End User
19.5. Germany
19.5.1. Pricing Analysis
19.5.2. Market Share Analysis, 2022
19.5.2.1. By Component
19.5.2.2. By Site
19.5.2.3. By Rated Voltage
19.5.2.4. By Control System
19.5.2.5. By Application
19.5.2.6. By End User
19.6. UK
19.6.1. Pricing Analysis
19.6.2. Market Share Analysis, 2022
19.6.2.1. By Component
19.6.2.2. By Site
19.6.2.3. By Rated Voltage
19.6.2.4. By Control System
19.6.2.5. By Application
19.6.2.6. By End User
19.7. France
19.7.1. Pricing Analysis
19.7.2. Market Share Analysis, 2022
19.7.2.1. By Component
19.7.2.2. By Site
19.7.2.3. By Rated Voltage
19.7.2.4. By Control System
19.7.2.5. By Application
19.7.2.6. By End User
19.8. Spain
19.8.1. Pricing Analysis
19.8.2. Market Share Analysis, 2022
19.8.2.1. By Component
19.8.2.2. By Site
19.8.2.3. By Rated Voltage
19.8.2.4. By Control System
19.8.2.5. By Application
19.8.2.6. By End User
19.9. Italy
19.9.1. Pricing Analysis
19.9.2. Market Share Analysis, 2022
19.9.2.1. By Component
19.9.2.2. By Site
19.9.2.3. By Rated Voltage
19.9.2.4. By Control System
19.9.2.5. By Application
19.9.2.6. By End User
19.10. Poland
19.10.1. Pricing Analysis
19.10.2. Market Share Analysis, 2022
19.10.2.1. By Component
19.10.2.2. By Site
19.10.2.3. By Rated Voltage
19.10.2.4. By Control System
19.10.2.5. By Application
19.10.2.6. By End User
19.11. Russia
19.11.1. Pricing Analysis
19.11.2. Market Share Analysis, 2022
19.11.2.1. By Component
19.11.2.2. By Site
19.11.2.3. By Rated Voltage
19.11.2.4. By Control System
19.11.2.5. By Application
19.11.2.6. By End User
19.12. Czech Republic
19.12.1. Pricing Analysis
19.12.2. Market Share Analysis, 2022
19.12.2.1. By Component
19.12.2.2. By Site
19.12.2.3. By Rated Voltage
19.12.2.4. By Control System
19.12.2.5. By Application
19.12.2.6. By End User
19.13. Romania
19.13.1. Pricing Analysis
19.13.2. Market Share Analysis, 2022
19.13.2.1. By Component
19.13.2.2. By Site
19.13.2.3. By Rated Voltage
19.13.2.4. By Control System
19.13.2.5. By Application
19.13.2.6. By End User
19.14. India
19.14.1. Pricing Analysis
19.14.2. Market Share Analysis, 2022
19.14.2.1. By Component
19.14.2.2. By Site
19.14.2.3. By Rated Voltage
19.14.2.4. By Control System
19.14.2.5. By Application
19.14.2.6. By End User
19.15. Bangladesh
19.15.1. Pricing Analysis
19.15.2. Market Share Analysis, 2022
19.15.2.1. By Component
19.15.2.2. By Site
19.15.2.3. By Rated Voltage
19.15.2.4. By Control System
19.15.2.5. By Application
19.15.2.6. By End User
19.16. Australia
19.16.1. Pricing Analysis
19.16.2. Market Share Analysis, 2022
19.16.2.1. By Component
19.16.2.2. By Site
19.16.2.3. By Rated Voltage
19.16.2.4. By Control System
19.16.2.5. By Application
19.16.2.6. By End User
19.17. New Zealand
19.17.1. Pricing Analysis
19.17.2. Market Share Analysis, 2022
19.17.2.1. By Component
19.17.2.2. By Site
19.17.2.3. By Rated Voltage
19.17.2.4. By Control System
19.17.2.5. By Application
19.17.2.6. By End User
19.18. China
19.18.1. Pricing Analysis
19.18.2. Market Share Analysis, 2022
19.18.2.1. By Component
19.18.2.2. By Site
19.18.2.3. By Rated Voltage
19.18.2.4. By Control System
19.18.2.5. By Application
19.18.2.6. By End User
19.19. Japan
19.19.1. Pricing Analysis
19.19.2. Market Share Analysis, 2022
19.19.2.1. By Component
19.19.2.2. By Site
19.19.2.3. By Rated Voltage
19.19.2.4. By Control System
19.19.2.5. By Application
19.19.2.6. By End User
19.20. South Korea
19.20.1. Pricing Analysis
19.20.2. Market Share Analysis, 2022
19.20.2.1. By Component
19.20.2.2. By Site
19.20.2.3. By Rated Voltage
19.20.2.4. By Control System
19.20.2.5. By Application
19.20.2.6. By End User
19.21. GCC Countries
19.21.1. Pricing Analysis
19.21.2. Market Share Analysis, 2022
19.21.2.1. By Component
19.21.2.2. By Site
19.21.2.3. By Rated Voltage
19.21.2.4. By Control System
19.21.2.5. By Application
19.21.2.6. By End User
19.22. South Africa
19.22.1. Pricing Analysis
19.22.2. Market Share Analysis, 2022
19.22.2.1. By Component
19.22.2.2. By Site
19.22.2.3. By Rated Voltage
19.22.2.4. By Control System
19.22.2.5. By Application
19.22.2.6. By End User
19.23. Israel
19.23.1. Pricing Analysis
19.23.2. Market Share Analysis, 2022
19.23.2.1. By Component
19.23.2.2. By Site
19.23.2.3. By Rated Voltage
19.23.2.4. By Control System
19.23.2.5. By Application
19.23.2.6. By End User
20. Market Structure Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Market Share Analysis of Top Players
20.3.1. By Regional
20.3.2. By Component
20.3.3. By Site
20.3.4. By Rated Voltage
20.3.5. By Control System
20.3.6. By Application
20.3.7. By End User
21. Competition Analysis
21.1. Competition Deep Dive
21.1.1. General Electric
21.1.1.1. Overview
21.1.1.2. Product Portfolio
21.1.1.3. Profitability by Market Segments
21.1.1.4. Sales Footprint
21.1.1.5. Strategy Overview
21.1.1.5.1. Marketing Strategy
21.1.2. SIEMENS AG
21.1.2.1. Overview
21.1.2.2. Product Portfolio
21.1.2.3. Profitability by Market Segments
21.1.2.4. Sales Footprint
21.1.2.5. Strategy Overview
21.1.2.5.1. Marketing Strategy
21.1.3. Eaton
21.1.3.1. Overview
21.1.3.2. Product Portfolio
21.1.3.3. Profitability by Market Segments
21.1.3.4. Sales Footprint
21.1.3.5. Strategy Overview
21.1.3.5.1. Marketing Strategy
21.1.4. Mitsubishi Electric Automation
21.1.4.1. Overview
21.1.4.2. Product Portfolio
21.1.4.3. Profitability by Market Segments
21.1.4.4. Sales Footprint
21.1.4.5. Strategy Overview
21.1.4.5.1. Marketing Strategy
21.1.5. CISCO
21.1.5.1. Overview
21.1.5.2. Product Portfolio
21.1.5.3. Profitability by Market Segments
21.1.5.4. Sales Footprint
21.1.5.5. Strategy Overview
21.1.5.5.1. Marketing Strategy
21.1.6. Emerson Electric Co.
21.1.6.1. Overview
21.1.6.2. Product Portfolio
21.1.6.3. Profitability by Market Segments
21.1.6.4. Sales Footprint
21.1.6.5. Strategy Overview
21.1.6.5.1. Marketing Strategy
21.1.7. ABB Group
21.1.7.1. Overview
21.1.7.2. Product Portfolio
21.1.7.3. Profitability by Market Segments
21.1.7.4. Sales Footprint
21.1.7.5. Strategy Overview
21.1.7.5.1. Marketing Strategy
21.1.8. Schneider Electric
21.1.8.1. Overview
21.1.8.2. Product Portfolio
21.1.8.3. Profitability by Market Segments
21.1.8.4. Sales Footprint
21.1.8.5. Strategy Overview
21.1.8.5.1. Marketing Strategy
21.1.9. Rockwell Automation
21.1.9.1. Overview
21.1.9.2. Product Portfolio
21.1.9.3. Profitability by Market Segments
21.1.9.4. Sales Footprint
21.1.9.5. Strategy Overview
21.1.9.5.1. Marketing Strategy
21.1.10. Fuji Electric Co., Ltd.
21.1.10.1. Overview
21.1.10.2. Product Portfolio
21.1.10.3. Profitability by Market Segments
21.1.10.4. Sales Footprint
21.1.10.5. Strategy Overview
21.1.10.5.1. Marketing Strategy
21.1.11. Nari Group
21.1.11.1. Overview
21.1.11.2. Product Portfolio
21.1.11.3. Profitability by Market Segments
21.1.11.4. Sales Footprint
21.1.11.5. Strategy Overview
21.1.11.5.1. Marketing Strategy
21.1.12. Toshiba Energy Systems & Solutions Corporation
21.1.12.1. Overview
21.1.12.2. Product Portfolio
21.1.12.3. Profitability by Market Segments
21.1.12.4. Sales Footprint
21.1.12.5. Strategy Overview
21.1.12.5.1. Marketing Strategy
21.1.13. Ingeteam
21.1.13.1. Overview
21.1.13.2. Product Portfolio
21.1.13.3. Profitability by Market Segments
21.1.13.4. Sales Footprint
21.1.13.5. Strategy Overview
21.1.13.5.1. Marketing Strategy
21.1.14. SAE-IT Systems GmbH & Co. KG
21.1.14.1. Overview
21.1.14.2. Product Portfolio
21.1.14.3. Profitability by Market Segments
21.1.14.4. Sales Footprint
21.1.14.5. Strategy Overview
21.1.14.5.1. Marketing Strategy
21.1.15. OHB System AG
21.1.15.1. Overview
21.1.15.2. Product Portfolio
21.1.15.3. Profitability by Market Segments
21.1.15.4. Sales Footprint
21.1.15.5. Strategy Overview
21.1.15.5.1. Marketing Strategy
21.1.16. ARTECHE
21.1.16.1. Overview
21.1.16.2. Product Portfolio
21.1.16.3. Profitability by Market Segments
21.1.16.4. Sales Footprint
21.1.16.5. Strategy Overview
21.1.16.5.1. Marketing Strategy
21.1.17. ZIV
21.1.17.1. Overview
21.1.17.2. Product Portfolio
21.1.17.3. Profitability by Market Segments
21.1.17.4. Sales Footprint
21.1.17.5. Strategy Overview
21.1.17.5.1. Marketing Strategy
21.1.18. Korenix Technology
21.1.18.1. Overview
21.1.18.2. Product Portfolio
21.1.18.3. Profitability by Market Segments
21.1.18.4. Sales Footprint
21.1.18.5. Strategy Overview
21.1.18.5.1. Marketing Strategy
21.1.19. TRC Companies Inc.
21.1.19.1. Overview
21.1.19.2. Product Portfolio
21.1.19.3. Profitability by Market Segments
21.1.19.4. Sales Footprint
21.1.19.5. Strategy Overview
21.1.19.5.1. Marketing Strategy
21.1.20. Aixotek Co. Ltd.
21.1.20.1. Overview
21.1.20.2. Product Portfolio
21.1.20.3. Profitability by Market Segments
21.1.20.4. Sales Footprint
21.1.20.5. Strategy Overview
21.1.20.5.1. Marketing Strategy
22. Assumptions & Acronyms Used
23. Research Methodology
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