New ARC Advisory Group research on the substation automation market reveals that the developing economies, China in particular, will be the driving force behind future growth in the substation automation market. Several new substations concepts will support this market growth, in developing and developed economies alike. These concepts include digital substations, microgrids, renewable energy (solar and wind in particular), and battery storage.
“When looking at the five-year forecast on a regional basis, a number of electricity factors come into play across the globe. These include economic growth and new infrastructure versus retrofit infrastructure. However, 17 percent (1.2 billion people) of the global population currently lack access to electricity and the other 83 percent want more reliable and efficient electricity. Clearly, these represent underlying factors,” according to Steve Clouther, Senior Analyst at ARC Advisory Group and key author of ARC’s Substation Automation Global Market Research report.
About the Substation Automation Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global and regional forecasts for the Substation Automation market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by substation type, project type, project size, substation ownership, business type, and sales channels.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) - personalized spreadsheet includes up to five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.