Saudi Arabia Substation Automation Market

Substation automation refers to the process of using information or data from intelligent electronic devices (IED), control and automation abilities within the substation, and control commands from remote users to control power-system devices. Substation automation allows the electric utility to monitor, control remotely, and organize the distribution components installed in the substation. Intelligent Electronic Devices (IED) are connected in planned locations to gather data and protect the substation devices. It includes microprocessor-based controllers of power system devices, such as circuit breakers, transformers, and other devices.

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The increasing demand for low-cost substation automation solutions in the solar industry, rising integration of functions with digital technology to enhance grid efficiency in smart cities, growing need for retrofitting conventional substations, and accelerating adoption of fiber optics cables driven by its exceptional advantages are the major factors that are driving the growth of the Saudi Arabia Substation Automation Market. The rapid economic growth in Saudi Arabia is primarily driving by oil and gas sector, which requires a strong power infrastructure to secure a reliable electricity supply to the industrial and commercial sectors across the country. Saudi Arabian electricity companies are focusing on expanding their existing substations to increase the capacity of the substations, which further fuel the growth of the market. The growing technological advancement, such as advanced SCADA and communication technologies, are also propelling the growth of the market. Moreover, various ongoing mega-project, such as smart city project, NEOM, Qiddiya, and other related projects, are further surging the demand to increase the capacity and efficiency of energy transmission. However, the high installation cost of the wireless sensor network and the rising equipment costs are the main two factors that will hamper the growth of the market in the coming years.

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Based on the module, the communication segment is expected to grow at a higher CAGR during the forecast period owing to the strong demand for reducing solar project cost, which is largely used in distribution substations. Wireless networks eliminate trenching costs associated with wired communications. In addition to this, it reduces deployment timelines and enhances the reliability and efficiency of power delivery, which is further fuelling the growth of the market.

Based on the type, the distribution substation segment is projected to grow at a higher CAGR over the forecast period. The rising demand for electricity, increasing the need for replacement of aging infrastructure for power delivery systems are the two factors driving the growth of the distribution segment in the market. The existing infrastructures are not capable of sustaining heavy power transmission or inferior standards, which increases the outages’ chances. Therefore, companies are investing in upgrading the infrastructure of substation transmission and expanding their capability and efficiency.

Based on the installation type, the retrofit installations segment is anticipated to lead the market over the forecast period owing to the growing demand to upgrade conventional substations to enhance operational efficiency and capability to meet the electricity demand in the country.

Based on the industry, the utility segment is expected to grow in the market during the forecast period due to the high demand-supply gap in energy across industries. Substation automation is widely used in generating, transmitting, and distribution of power in the utility industry, which fuels the growth of the market in the coming years.

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Various notable players in the Saudi Arabia Substation Automation market include ABB Saudi Arabia, Siemens Saudi Arabia, Rockwell Automation Saudi Arabia, Schneider Electric Saudi Arabia, General Electric Saudi Arabia, Schweitzer Engineering Laboratories, Inc., Honeywell International Inc., Eaton Corporation plc, Cisco Systems, Inc., CG Power, and Industrial Solutions Limited and among others.

Key Developments:

• • In Jul 2017, General Electric signed a contract with Saudi Arabia’s electricity company and National Grid SA, to supply four new electricity substations on a turnkey basis and upgrade four other substations in the Southern region of the country. The total capacity of 1,933MVA, the new substations, will enable power delivery to up to 25,000 homes and industries in the southern region of the country.

The Saudi Arabia Substation Automation market has been segmented based on the module, offering, type, installation type and industry. Based on the module, the market is segmented into Intelligent Electronic Devices, Communication Networks, and SCADA Systems. Based on communication networks, the market is segmented into Wired Communication and Wireless Communication. Based on offering, the market is further segmented into hardware, software, and services. Based on hardware, the market is segmented into smart meters, programmable logic controllers, protective relays, load tap changers, recloser controllers, capacitor banks, and others. Based on software, the market is segmented into asset management, production management, and performance management. Based on services, the market is segmented into training & development, upgrades & retrofits, installation & commissioning, and repair, testing, & maintenance. Based on the installation type, the market is segmented into transmission substations and distribution substations. Based on type, the market is segmented into the retrofit installation and new installation. Based on Industry, the market is segmented Utility, Steel, Mining, Oil & Gas, and Transportation. Based on utility, the market is segmented into non-renewables and renewables.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Substation Automation market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the Saudi Arabia Substation Automation market? What will be the impact of drivers and restraints in the future?
  • Which Module generated maximum revenues in 2019 and identify the most promising Module during the forecast period?
  • What are the various industries of the Saudi Arabia Substation Automation market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Module, By Offering, By Type, By Installation Type, By Industry
Regional Coverage	Saudi Arabia
Companies Profiled	ABB Saudi Arabia, Siemens Saudi Arabia, Rockwell Automation Saudi Arabia, Schneider Electric Saudi Arabia, General Electric Saudi Arabia, Schweitzer Engineering Laboratories, Inc., Honeywell International Inc., Eaton Corporation plc, Cisco Systems, Inc., CG Power, and Industrial Solutions Limited among others; A total of 11 Companies Covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Saudi Arabia Substation Automation Market by Module           

• • Intelligent Electronic Devices
  • Communication Networks
    • Wired Communication
    • Wireless Communication
  • SCADA Systems

Saudi Arabia Substation Automation Market by Offering

• • Hardware
    • Smart Meters
    • Programmable Logic Controllers
    • Protective Relays
    • Load Tap Changers
    • Recloser Controllers
    • Capacitor Banks
    • Others
  • Software
    • Asset Management
    • Production Management
    • Performance Management
  • Services
    • Training & Development
    • Upgrades & Retrofits
    • Installation & Commissioning
    • Repair, Testing, & Maintenance

Saudi Arabia Substation Automation Market by Type

• • Transmission Substations
  • Distribution Substations

Saudi Arabia Substation Automation Market by Installation Type

• • Retrofit Installation
  • New Installation

Saudi Arabia Substation Automation Market by Industry

• • Utility
    • Non-Renewables
    • Renewables
      • Solar Projects
      • Wind Projects
    • Steel
    • Mining
    • Oil & Gas
    • Transportation

Major Players Operating the Saudi Arabia Substation Automation (Option 1: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • ABB Saudi Arabia
  • Siemens Saudi Arabia
  • Rockwell Automation Saudi Arabia
  • Schneider Electric Saudi Arabia
  • General Electric Saudi Arabia
  • Schweitzer Engineering Laboratories, Inc.
  • Honeywell International Inc.
  • Eaton Corporation plc
  • Cisco Systems, Inc.
  • CG Power
  • Industrial Solutions Limited