India Substation Automation Market Outlook (2021-2025) | Trends, Companies, Analysis, Value, COVID-19 IMPACT, Forecast, Industry, Share, Growth, Size & Revenue

India Substation Automation Market report thoroughly covers the market by-products, by systems, and by services. India substation automation market report provides an unbiased and detailed analysis of the ongoing India substation automation market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to device and align market strategies according to the current and future market dynamics.

India Substation Automation Market Synopsis

India substation automation market has considerable growth prospects due to continuous government initiatives to modernize existing infrastructure coupled with rising efforts to promote electric vehicles in India. However, the outbreak of Covid-19 pandemic has slowed down the growth of the market due to restrictions and lockdown in 2020 across the country. Further, the government has reduced spending on infrastructure development projects which has affected the end-users of the substation automation market in India. However, the market has recovered in recent years and is likely to gain momentum in the future.

According to 6Wresearch, the India Substation Automation Market size is estimated to witness substantial growth during 2021-2025. This growth is primarily driven by the rising need to introduce further automation and intelligence to the existing power grid, the increasing number of renewable energy ventures as well as rising energy demand in India. Additionally, increasing investment in Smart City projects and infrastructure will further spur the demand for the substation automation market in the country.

Market Analysis By Competitive Landscape

India substation automation market was dominated by Hitachi ABB Power Grids in terms of revenue share in 2020. Some of the other key players operating in the India substation automation market are GE T&D, Siemens Energy, and Schneider Electric.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• Historical Data Starting from 2019 to 2020.
• Base Year: 2020.
• Forecast Data until 2025.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Substation Automation Market Outlook
• Market Size of India Substation Automation Market, 2020
• Forecast of India Substation Automation Market, 2025
• Historical Data and Forecast of India Substation Automation Revenues & Volume for the Period 2019 - 2025
• India Substation Automation Market Trend Evolution
• India Substation Automation Market Drivers and Challenges
• India Substation Automation Price Trends
• India Substation Automation Porter's Five Forces
• India Substation Automation Industry Life Cycle
• Historical Data and Forecast of India Substation Automation Market Revenues & Volume By Products for the Period 2019 – 2025
• Historical Data and Forecast of India Substation Automation Market Revenues & Volume By Systems for the Period 2019 – 2025
• Historical Data and Forecast of India Substation Automation Market Revenues & Volume By Services for the Period 2019 – 2025
• India Substation Automation Market Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Capacity
• India Substation Automation Market Top Companies Market Share
• India Substation Automation Market Competitive Benchmarking By Technical and Operational Parameters, 2020
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

India Substation Automation market report covers a detailed analysis of the following market segments:

By Products

• Protective Relays
• RTU
• Bay Controllers
• PLC
• Data Concentrators
• Gateways
• Protocol Converters
• Remote I/O
• Sequence of Event Recorders
• Meters
• Digital Fault Recorders
• HMI
• Automation Software and Protocol Converters

By Systems

• Integration
• Engineering
• Commissioning

By Services

• Refurbishment
• Upgrades
• Retrofits

Frequently Asked Questions About the Market Study (FAQs):