Middle East and Africa Substation and Automation Market – Growth & Forecast (2024

Middle East and Africa Substation and Automation Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Substation automation is an integral part of an electrical system for generation and refers to using data from intelligent electronic devices and control commands from remote users. Updating substation automation offers the opportunity to reduce operational and maintenance costs, increasing plant productivity with the aid of enhanced schemes as well as condition monitoring for circuit breakers, power transformers, etc. The substation has become an essential need for power companies and utilities about growing demand for energy globally.

The Middle East & Africa Substation and Automation Market Segments Size & Growth:

The market is valued at $XX Billion in 2017 and is expected to reach $XX Billion by 2024 at a CAGR of XX%. The major growth factors contributing to the market include low-cost substation automation solutions in the solar industry, growing demand for retrofitting conventional substations, integration of functions with digital technology to improve grid efficiency in smart cities and net power stations and smart grid in different industries are leading to the substation automation market growth.

The Middle East & Africa Substation and Automation Market Segments Share:

The Middle East & Africa substation automation market is classified into Module, offering, type, installation type, end-users, and geography. Based on the module, the market is segmented into intelligent electronic devices, communication networks, and SCADA systems. Among which SCADA systems are witnessing the highest market growth rate and estimated

Middle East and Africa Substation and Automation Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

to grow at a considerable growth rate at a CAGR of 9% during the forecast period owing to the growing advancements in smart grid technology. Based on the offering, the market is

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Middle East and Africa Substation and Automation Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

categorised into hardware, software, and service. Among which software is the prominent factor for the growth of the substation automation to gather the data from intelligent electronic devices. Based on the type, substation market is segmented into Transmission substation and distribution substation. In which transmission substation is the key element as a communication channel is a major element in transmission, which communicate across remote areas with improved efficiency of power utilities. Based on installation type,

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