글로벌 변전소 모니터링 시스템 시장 – 산업 동향 및 2031년까지의 예측

변전소 모니터링 시스템 시장 분석 및 규모

변전소 모니터링 시스템 시장은 향상된 성능을 위한 최신 방법과 기술을 활용하여 급속한 발전을 경험하고 있습니다. 신뢰할 수 있는 전력 인프라에 대한 수요가 증가함에 따라 이 시장은 상당한 성장을 목격하고 있습니다. 실시간 분석 및 IoT 통합과 같은 혁신은 효율성과 신뢰성을 촉진하여 전 세계 유틸리티와 산업의 변화하는 요구를 충족하고 있습니다.

글로벌 변전소 모니터링 시스템 시장 규모는 2023년에 54억 2천만 달러로 평가되었으며, 2031년까지 95억 3천만 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 연평균 성장률은 7.3%입니다. Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 심층적인 전문가 분석, 지리적으로 표현된 회사별 생산 및 용량, 유통업체 및 파트너의 네트워크 레이아웃, 자세하고 업데이트된 가격 추세 분석, 공급망 및 수요의 적자 분석이 포함됩니다.

보고 범위 및 시장 세분화       

시장 정의

A substation monitoring system is a comprehensive network of sensors, software, and hardware designed to continuously monitor the operational status and performance of electrical substations. It tracks variables such as voltage, current, temperature, and equipment condition, providing real-time data to operators. This system enhances reliability, improves maintenance efficiency, and helps prevent failures by promptly identifying potential issues.

Substation Monitoring System Market Dynamics

Drivers

• Rising Grid Modernization Initiatives

Grid modernization initiatives are propelling the demand for substation monitoring systems as utilities prioritize upgrading aging infrastructure and integrating advanced technologies. For instance, in the U.S., the grid modernization initiative by the department of energy focuses on enhancing grid reliability and efficiency through innovative solutions, driving utilities to invest in comprehensive monitoring systems for substations to achieve these objectives and ensure optimal performance of critical assets.

• Advancements in Sensor Technologies

Technological innovations in sensor technology, enabling real-time monitoring and diagnostics, are revolutionizing substation monitoring systems, bolstering market expansion. For instance, the emergence of advanced sensors with embedded AI algorithms can detect anomalies in equipment performance swiftly, enhancing reliability and reducing downtime. These advancements empower utilities to proactively address potential issues, ultimately optimizing grid operations and driving the adoption of substation monitoring solutions.

Opportunities

• Increasing Demand for Remote Monitoring Solutions

The demand for remote monitoring solutions is propelling the adoption of substation monitoring systems, facilitating real-time surveillance, diagnosis, and control from centralized control centers or mobile devices. For instance, utilities can remotely monitor substations located in remote or inaccessible areas, enabling timely detection and response to faults or abnormalities, thereby improving grid reliability and reducing downtime, thus driving the market for substation monitoring systems.

• Growing Renewable Energy Integration

The increasing integration of renewable energy sources, such as solar and wind, into the grid necessitates robust monitoring solutions to manage their intermittency and variability effectively. For instance, as solar and wind farms expand, utilities require real-time data on energy generation and grid conditions to balance supply and demand efficiently. This drives the demand for advanced substation monitoring systems capable of handling the complexities associated with renewable energy integration, thereby boosting the market.

Restraints/Challenges

• Concern about Data Security Concerns

Data security concerns pose a significant hindrance to the substation monitoring system market. As reliance on digital technologies grows, ensuring the protection of sensitive operational data becomes crucial. Vulnerability to cyber threats raises alarms about data integrity and privacy, deterring potential adopters from investing in these systems.

• High Initial Investment

The high initial investment required for substation monitoring systems, encompassing hardware, software, and integration costs, acts as a significant deterrent to adoption, particularly for smaller utilities or regions with limited budgets. This financial barrier impedes market growth and restricts the implementation of essential monitoring infrastructure in the power sector.

This market,  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In August 2021, Hitachi ABB Power Grids Ltd. (India) unveiled the TXpert remote services portfolio, aimed at remote monitoring of transformer fleets. This innovative offering provides comprehensive support, including consulting, troubleshooting, and guidance utilizing augmented reality technology. Hitachi ABB Power Grids leverages its expertise to analyze vast datasets, facilitating the creation of detailed reports essential for optimal maintenance strategies

Substation Monitoring System Market Scope

The market, is segmented on the basis of component, voltage, communication technology, sector, and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Hardware
  • Distribution Network Feeders
  • Smart Sensors
  • Microcontrollers
  • Cameras
  • Intelligent Electronic Devices (IEDs)
  • Transformers
  • Relay Devices
  • Controllers
  • Circuit Breakers
  • Switches
• Software
  • Asset Management
  • Production Management
  • Performance Management

 Voltage

• Low
• Medium

 Communication Technology

• Wired
  • Fiber Optic
  • Ethernet
  • PROFIBUS
  • Others
  • Fieldbus
  • HART
  • Modbus
•  Wireless
  • Wireless LAN
  • Cellular
  • ZigBee

 Sector

• Transmission
• Distribution

 Industry

• Utility
  • Non-Renewable
    • Coal
    • Crude Oil
    • Natural Gas
    • Nuclear
  • Renewable
    • Solar
    • Wind
    • Water
    • Others
    • Biofuels
    • Geothermal
• Oil and Gas
•  Mining
•  Steel
• Transportation

Substation Monitoring System Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by t component, voltage, communication technology, sector, and industry as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to witness significant growth in the substation monitoring system market, fueled by rapid industrialization and the growing oil, gas, and mining sectors in developing nations. Moreover, increasing demand for reduced distribution losses, particularly in countries such as India, is driving market expansion.

North America is expected to dominate the substation monitoring system market due to the pressing demand for equipment and system upgrades. Aging infrastructure necessitates modernization efforts within the region, driving significant growth opportunities for advanced monitoring solutions and technologies.

보고서의 국가 섹션은 또한 개별 시장 영향 요인과 국내 시장의 현재 및 미래 트렌드에 영향을 미치는 규제 변화를 제공합니다. 다운스트림 및 업스트림 가치 사슬 분석, 기술 트렌드 및 포터의 5가지 힘 분석, 사례 연구와 같은 데이터 포인트는 개별 국가의 시장 시나리오를 예측하는 데 사용되는 몇 가지 포인터입니다. 또한 글로벌 브랜드의 존재 및 가용성과 지역 및 국내 브랜드와의 대규모 또는 희소한 경쟁으로 인해 직면한 과제, 국내 관세 및 무역 경로의 영향이 국가 데이터에 대한 예측 분석을 제공하는 동안 고려됩니다.

경쟁 환경 및 변전소 모니터링 시스템 시장 점유율 분석

시장 경쟁 구도는 경쟁자별 세부 정보를 제공합니다. 포함된 세부 정보는 회사 개요, 회사 재무, 창출된 수익, 시장 잠재력, 연구 개발 투자, 새로운 시장 이니셔티브, 글로벌 입지, 생산 현장 및 시설, 생산 용량, 회사의 강점과 약점, 제품 출시, 제품 폭과 범위, 애플리케이션 우세입니다. 위에 제공된 데이터 포인트는 시장과 관련된 회사의 초점에만 관련이 있습니다.

시장에서 활동하는 주요 기업은 다음과 같습니다.

• CG Power & Industrial Solutions Ltd. (인도)
• ABB(스위스)
• 허니웰 인터내셔널 주식회사(미국)
• 허벨(미국)
• 지멘스(독일)
• Cadillac Automation & Controls(인도)
• 슈나이더 일렉트릭(프랑스)
• NovaTech, LLC. (미국)
• 시스코 시스템즈(미국)
• 에머슨(미국)
• IGRID, SL(스페인),
• 제너럴 일렉트릭(미국)
• 이튼(아일랜드)
• Schweitzer Engineering Laboratories, Inc. (미국)
• ACUITY BRANDS, INC.(미국)

SKU-68284