Nepal Substation Automation Market Outlook (2019-2025) | Growth, COVID-19 IMPACT, Value, Analysis, Revenue, Share, Companies, Size, Forecast, Industry & Trends

Nepal Substation Automation Market report thoroughly covers the market by-products, by systems, and by services. Nepal substation automation market report provides an unbiased and detailed analysis of the ongoing Nepal 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.

Nepal Substation Automation Market Synopsis

Nepal substation automation market has considerable growth prospects principally on account of continuous government initiatives to enhance the power generation capacity along with technological up-gradation and advancement in IoT in the country. Additionally, due to the Covid-19 pandemic, the Nepal substation automation market was hit severely in 2020. Lockdown was imposed throughout the country which restricted the movement of goods and services. Further, the manufacturing process was also stopped temporarily which resulted in a loss to the investors and the manufacturers. Even though the market has suffered majorly during the pandemic, the growth of the market rose substantially after the reopening of the market and commercial activities in Nepal.

According to 6Wresearch, the Nepal Substation Automation Products Market size is estimated to grow at a CAGR of 0.66% during 2019-2025. The growth is principally driven by increasing investment in the electricity infrastructure coupled with growth in the industrial sector. Further, the rising demand for smart grids to meet the power demand in the country, as well as the integration of technology to manage and control the existing network, will further support the demand for the substation automation market in the country. Moreover, GE has received the order for the construction of three 400-kiloVolt (kV) Gas-Insulated Substations in Nepal in 2021. This project will help to offer sustainable power to the country.

Market Analysis By Competitive Landscape

Nepal substation automation market was dominated by ABB Hitachi Power Grids in terms of revenue share in 2020. Further, ABB Hitachi Power Grids and GE T&D together hold the majority of the market share in Nepal. Schneider Electric is also one of the key company in the Nepal substation automation market.

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

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

Market Scope and Segmentation

Nepal 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
• The 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):