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

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

Sri Lanka Substation Automation Market Synopsis

Sri Lanka substation automation market has a sizable growth projection due to increasing government efforts to enhance the power quality and to modernize existing infrastructure. Additionally, the country has witnessed a constant rise in the demand for energy over the past few years. Further, the Covid-19 pandemic has decelerated the growth of the market due to restrictions and lockdown in 2020 across the country. The government has reduced spending on infrastructure development projects which has affected the end-users and customers of the substation automation market in Sri Lanka. Currently, the market has further recovered and will continue to grow over the coming years.

According to 6Wresearch, the Sri Lanka Substation Automation Products Market size is estimated to grow at a CAGR of 3.3% during 2019-2025. The growth is augmented due to the increasing need for automation and including intelligence to the existing power grid, the growing number of renewable energy projects along with increasing energy demand in Sri Lanka. Additionally, rising industrialization, as well as investment in construction projects and infrastructure, is likely to further shoot the demand for the substation automation market in the country.

Market Analysis By Competitive Landscape

ABB Hitachi Power Grids owns and manages most of the transmission grid of Sri Lanka and distributes power to a wide majority of consumers in the country. Sri Lanka substation automation market was dominated by ABB Hitachi Power Grids in terms of revenue share in 2020. Siemens is the second largest company followed by other key companies in Sri Lanka.

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

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

Market Scope and Segmentation

Sri Lanka 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):