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Substation Wide Area Monitoring System-Global Market Insights and Sales Trends 2024
Synopsis
Wide area monitoring systems help power system operators continuously analyze all the features of a large power network in real time. Utilizing phasor measurement units (PMUs), information can be recorded and monitored to detect disturbances and improve knowledge of network behavior under dynamic conditions, enabling system operators to maximize power flow and network stability.
The global Substation Wide Area Monitoring System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Substation Wide Area Monitoring System in various end use industries. The expanding demands from the Transmission Substation, Distribution Substation, Collector Substation and Converter Substations, are propelling Substation Wide Area Monitoring System market. Phasor Measurement Units (PMUs), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Phasor Data Concentrators (PDCs) segment is estimated at % CAGR for the next seven-year period.
The increasing investments in smart grid projects is expected to be one of the major substation wide area monitoring system market drivers during the forecast period. Smart grid projects with the implementation of the wide area monitoring technology have created an influence on utility consumers based on uninterrupted power. The smart grids offer advantages such as peak load and outage management, offers lower number of transformer failures, and reduction and instant recovery of unexpected power failures. This will lead to the increased demand for substation wide area monitoring system market.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Substation Wide Area Monitoring System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Substation Wide Area Monitoring System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Substation Wide Area Monitoring System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Substation Wide Area Monitoring System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Substation Wide Area Monitoring System covered in this report include ABB, Electric Power Group, General Electric, Sc+I34650hneider Electric and Siemens, etc.
The global Substation Wide Area Monitoring System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Electric Power Group
General Electric
Sc+I34650hneider Electric
Siemens
Global Substation Wide Area Monitoring System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Substation Wide Area Monitoring System market, Segment by Type:
Phasor Measurement Units (PMUs)
Phasor Data Concentrators (PDCs)
Communication Networks
PDC Solutions
Global Substation Wide Area Monitoring System market, by Application
Transmission Substation
Distribution Substation
Collector Substation
Converter Substations
Switching Station
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Substation Wide Area Monitoring System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Wide area monitoring systems help power system operators continuously analyze all the features of a large power network in real time. Utilizing phasor measurement units (PMUs), information can be recorded and monitored to detect disturbances and improve knowledge of network behavior under dynamic conditions, enabling system operators to maximize power flow and network stability.
The global Substation Wide Area Monitoring System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Substation Wide Area Monitoring System in various end use industries. The expanding demands from the Transmission Substation, Distribution Substation, Collector Substation and Converter Substations, are propelling Substation Wide Area Monitoring System market. Phasor Measurement Units (PMUs), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Phasor Data Concentrators (PDCs) segment is estimated at % CAGR for the next seven-year period.
The increasing investments in smart grid projects is expected to be one of the major substation wide area monitoring system market drivers during the forecast period. Smart grid projects with the implementation of the wide area monitoring technology have created an influence on utility consumers based on uninterrupted power. The smart grids offer advantages such as peak load and outage management, offers lower number of transformer failures, and reduction and instant recovery of unexpected power failures. This will lead to the increased demand for substation wide area monitoring system market.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Substation Wide Area Monitoring System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Substation Wide Area Monitoring System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Substation Wide Area Monitoring System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Substation Wide Area Monitoring System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Substation Wide Area Monitoring System covered in this report include ABB, Electric Power Group, General Electric, Sc+I34650hneider Electric and Siemens, etc.
The global Substation Wide Area Monitoring System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Electric Power Group
General Electric
Sc+I34650hneider Electric
Siemens
Global Substation Wide Area Monitoring System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Substation Wide Area Monitoring System market, Segment by Type:
Phasor Measurement Units (PMUs)
Phasor Data Concentrators (PDCs)
Communication Networks
PDC Solutions
Global Substation Wide Area Monitoring System market, by Application
Transmission Substation
Distribution Substation
Collector Substation
Converter Substations
Switching Station
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Substation Wide Area Monitoring System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Substation Wide Area Monitoring System
1.1 Substation Wide Area Monitoring System Market Overview
1.1.1 Substation Wide Area Monitoring System Product Scope
1.1.2 Substation Wide Area Monitoring System Market Status and Outlook
1.2 Global Substation Wide Area Monitoring System Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Substation Wide Area Monitoring System Market Size by Region (2018-2029)
1.4 Global Substation Wide Area Monitoring System Historic Market Size by Region (2018-2023)
1.5 Global Substation Wide Area Monitoring System Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Substation Wide Area Monitoring System Market Size (2018-2029)
1.6.1 North America Substation Wide Area Monitoring System Market Size (2018-2029)
1.6.2 Europe Substation Wide Area Monitoring System Market Size (2018-2029)
1.6.3 Asia-Pacific Substation Wide Area Monitoring System Market Size (2018-2029)
1.6.4 Latin America Substation Wide Area Monitoring System Market Size (2018-2029)
1.6.5 Middle East & Africa Substation Wide Area Monitoring System Market Size (2018-2029)
2 Substation Wide Area Monitoring System Market by Type
2.1 Introduction
2.1.1 Phasor Measurement Units (PMUs)
2.1.2 Phasor Data Concentrators (PDCs)
2.1.3 Communication Networks
2.1.4 PDC Solutions
2.2 Global Substation Wide Area Monitoring System Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Substation Wide Area Monitoring System Historic Market Size by Type (2018-2023)
2.2.2 Global Substation Wide Area Monitoring System Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Substation Wide Area Monitoring System Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Substation Wide Area Monitoring System Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Substation Wide Area Monitoring System Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Substation Wide Area Monitoring System Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Substation Wide Area Monitoring System Revenue Breakdown by Type (2018-2029)
3 Substation Wide Area Monitoring System Market Overview by Application
3.1 Introduction
3.1.1 Transmission Substation
3.1.2 Distribution Substation
3.1.3 Collector Substation
3.1.4 Converter Substations
3.1.5 Switching Station
3.2 Global Substation Wide Area Monitoring System Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Substation Wide Area Monitoring System Historic Market Size by Application (2018-2023)
3.2.2 Global Substation Wide Area Monitoring System Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Substation Wide Area Monitoring System Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Substation Wide Area Monitoring System Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Substation Wide Area Monitoring System Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Substation Wide Area Monitoring System Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Substation Wide Area Monitoring System Revenue Breakdown by Application (2018-2029)
4 Substation Wide Area Monitoring System Competition Analysis by Players
4.1 Global Substation Wide Area Monitoring System Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Substation Wide Area Monitoring System as of 2022)
4.3 Date of Key Players Enter into Substation Wide Area Monitoring System Market
4.4 Global Top Players Substation Wide Area Monitoring System Headquarters and Area Served
4.5 Key Players Substation Wide Area Monitoring System Product Solution and Service
4.6 Competitive Status
4.6.1 Substation Wide Area Monitoring System Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB Substation Wide Area Monitoring System Products, Services and Solutions
5.1.4 ABB Substation Wide Area Monitoring System Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 Electric Power Group
5.2.1 Electric Power Group Profile
5.2.2 Electric Power Group Main Business
5.2.3 Electric Power Group Substation Wide Area Monitoring System Products, Services and Solutions
5.2.4 Electric Power Group Substation Wide Area Monitoring System Revenue (US$ Million) & (2018-2023)
5.2.5 Electric Power Group Recent Developments
5.3 General Electric
5.3.1 General Electric Profile
5.3.2 General Electric Main Business
5.3.3 General Electric Substation Wide Area Monitoring System Products, Services and Solutions
5.3.4 General Electric Substation Wide Area Monitoring System Revenue (US$ Million) & (2018-2023)
5.3.5 Sc+I34650hneider Electric Recent Developments
5.4 Sc+I34650hneider Electric
5.4.1 Sc+I34650hneider Electric Profile
5.4.2 Sc+I34650hneider Electric Main Business
5.4.3 Sc+I34650hneider Electric Substation Wide Area Monitoring System Products, Services and Solutions
5.4.4 Sc+I34650hneider Electric Substation Wide Area Monitoring System Revenue (US$ Million) & (2018-2023)
5.4.5 Sc+I34650hneider Electric Recent Developments
5.5 Siemens
5.5.1 Siemens Profile
5.5.2 Siemens Main Business
5.5.3 Siemens Substation Wide Area Monitoring System Products, Services and Solutions
5.5.4 Siemens Substation Wide Area Monitoring System Revenue (US$ Million) & (2018-2023)
5.5.5 Siemens Recent Developments
6 North America
6.1 North America Substation Wide Area Monitoring System Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Substation Wide Area Monitoring System Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Substation Wide Area Monitoring System Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Substation Wide Area Monitoring System Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Substation Wide Area Monitoring System Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Substation Wide Area Monitoring System Market Dynamics
11.1 Substation Wide Area Monitoring System Industry Trends
11.2 Substation Wide Area Monitoring System Market Drivers
11.3 Substation Wide Area Monitoring System Market Challenges
11.4 Substation Wide Area Monitoring System Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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