Substation Automation and Integration market to grow by $17.9 B
Substation Automation and Integration market worldwide is projected to grow by $17.9 B, driven by a compounded growth of 5.7 %.
Market
Substation Automation and Integration market worldwide is projected to grow by $17.9 B, driven by a compounded growth of 5.7 %.
100 MVA – 500 MVA, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.
Poised to reach over $22.7 B by the year 2025, 100 MVA – 500 MVA will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 5% growth momentum. Within Europe, Germany will add over $374.5 M to the region’s size in the next 5 to 6 years. Over $317.1 M worth of projected demand in the region will come from the rest of Europe markets. In Japan, 100 MVA – 500 MVA will reach a market size of $1.2 B by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.9% over the next couple of years, and add approximately $2.9 B in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America, and the Middle East.
Competitors in this market include, among others: ABB Limited, Bowers Electricals Ltd., DAIHEN Corporation, GE Grid Solutions, Imefy Group, KONČAR Group, Olsun Electrics Corporation, Schneider Electric SA, Siemens AG, Toshiba Energy Systems & Solutions Corporation, and Wilson Transformer Company.
Source: Globe Newswire