in Up Front
print the content item

The global market for substation automation systems is poised to jump from $2.94 billion in 2012 to $15.58 billion by 2020, according to a report from Zpryme.

The research firm explains that substation automation systems allow electric utilities to optimize their substations - and, thus, their overall distribution systems - through the use of an array of technologies.

In 2012, the report says communication networks and monitors, intelligent electronic devices (IEDs), and sensors accounted for 59% of the global substation automation market. By 2020, those technologies will account for 58% of the market.

Fifty-five percent of the market was made up of new and advanced substation systems in 2012 (vs. 45% for retrofit systems). In 2020, new and advanced substation systems will account for 60% of the global market (vs. 40% for retrofit systems).

Last year, North America accounted for 40% of the global substation automation market, while Europe and the Asia-Pacific accounted for 20% and 25%, respectively. By 2020, the report says the Asia-Pacific will hold 39% of the market, while North America and Europe will account for 25% and 18%, respectively.

China, the U.S. and Japan will represent the three largest countries for substation automation technologies by the end of the decade.

β€œPowered by the big energy brands, ABB, Alstom Grid, Siemens, Schneider Electric and GE, the substation evolution from a legacy to next-gen automation is growing at an exponential rate globally,” comments Mark Ishac, managing director of Zpryme Smart Grid Insights. β€œIn addition to the smart grid, driving the substation automation space are the usual suspects: distribution intelligence, bottom-line capital cost savings, security and grid stability.”

For more information on the Zpryme report, click here.




Hse SandyHook
Latest Top Stories

DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.


How A GIS Can Help Utilities Address The Aging Workforce And Capitalize On Data

Baby Boomers, whose experience and know-how have served the utility industry so well for decades, are retiring. The author suggests utilities can use a geographic information system (GIS) to fill in resultant knowledge gaps.


Sensus Smart Meters Tied To More Overheating Incidents And Fires

SaskPower is investigating two new meter failures, and Portland General Electric is working to replace 70,000 Sensus units amid fire concerns.


SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.

S&C Electric_id176
edf_id180