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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Research Reports

    Posted By maria gbaf

    Posted on January 26, 2022

    Featured image for article about Research Reports

    Sales in the substation automation market are set to total US$ 37.48 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 6.0% CAGR from 2021 to 2031.

    Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-5190

    According to Future Market Insights (FMI), increasing adoption of new technologies in industrial sector is a key factor fuelling the demand for substations in industrial applications. Besides this, the rising expenditure on power transmission & infrastructure development around the world has boosted the demand of substations for commercial applications.

    Due to the global pandemic, demand for substations declined slightly in 2020. The effect of COVID-19 on demand from several end-use industries like power generation, mining, and general manufacturing was less, which drove substation automation sales in various regions.

    Expansion of manufacturing units in developing countries will create a conducive environment for substation automation sales. This trend will continue resulting in high demand for both substation automation hardware and software.

    Key Takeaways from Substations Market Study

    • The demand from manufacturing sector is set to account for over 22% of the market share on value basis by the end of forecast period.
    • The East Asia and South Asia & Pacific will remain a primary markets, backed by rising industrial sector and growing urbanization. These regions will cumulatively account for 43% of the demand registered in globally in 2021.
    • Within North America, the U.S. will account for over 61% of sales in 2021.
    • Italy, the UK, and Spain are expected to spearhead growth in Europe.

    Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-5190

    “As competition increases, some of the leading substation automation system producers are focusing on collaboration to strengthen their footprint. Through this, they also aim at offering innovations,” says a Future Market Insights analyst.

    Who is winning?

    Key players in the substation automation market account for around 65% of the market share. In order to achieve more sales top companies are creating contracts with end users and developing custom products according to needs of the customer along with that manufacturers have focused on enhancing their sales network in order to achieve strong global presence.

    Some of the key players in this industry include but are not limited to ABB, General Electric, SIEMENS AG, Schneider Electric, Emerson Electric Co. CISCO, Rockwell Automation, Mitsubishi Electric Automation, TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION, Fuji Electric Co., Ltd. Eaton and Ingeteam.

    Purchase the Report : https://www.futuremarketinsights.com/checkout/5190

    Explore FMI’s Extensive Coverage on Industrial Automation Domain

    Weatherization Services Market : Weatherization Services Market By Application (Attic Insulation, Sidewall Insulation, Floor Insulation, HVAC, Doors & Windows Frame), Construction Type (Retrofit, New Construction), End-Use (Residential, Commercial) & Region – Forecast 2022 – 2028

    Inflatable Tents Market :  Inflatable Tents Market by Material Type (PVC, Poly-Cotton, Nylon), By Type (Self-Erecting and Hybrid), Shape (Dome, Tunnel, Geodesic), End Use (Military, Commercial, Personal), & Region – Forecast 2022 – 2028

    Vibrating Screen Market : Vibrating Screen Market by Product Type (Linear Vibrating Screens, Circular Vibrating Screens, Elliptical Vibrating Screens), Drive Type (Direct Drive, Indirect Drive), End-Use Industry (Construction, Mining, Recycling), and Region for 2022 – 2029

    About Future Market Insights (FMI)

    Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

    Contact:

    Future Market Insights,

    1602-6 Jumeirah Bay X2 Tower,

    Plot No: JLT-PH2-X2A,

    Jumeirah Lakes Towers, Dubai,

    United Arab Emirates

    For Sales Enquiries: mailto:[email protected]

    For Media Enquiries: mailto:[email protected]

    Website: https://www.futuremarketinsights.com/

    Sales in the substation automation market are set to total US$ 37.48 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 6.0% CAGR from 2021 to 2031.

    Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-5190

    According to Future Market Insights (FMI), increasing adoption of new technologies in industrial sector is a key factor fuelling the demand for substations in industrial applications. Besides this, the rising expenditure on power transmission & infrastructure development around the world has boosted the demand of substations for commercial applications.

    Due to the global pandemic, demand for substations declined slightly in 2020. The effect of COVID-19 on demand from several end-use industries like power generation, mining, and general manufacturing was less, which drove substation automation sales in various regions.

    Expansion of manufacturing units in developing countries will create a conducive environment for substation automation sales. This trend will continue resulting in high demand for both substation automation hardware and software.

    Key Takeaways from Substations Market Study

    • The demand from manufacturing sector is set to account for over 22% of the market share on value basis by the end of forecast period.
    • The East Asia and South Asia & Pacific will remain a primary markets, backed by rising industrial sector and growing urbanization. These regions will cumulatively account for 43% of the demand registered in globally in 2021.
    • Within North America, the U.S. will account for over 61% of sales in 2021.
    • Italy, the UK, and Spain are expected to spearhead growth in Europe.

    Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-5190

    “As competition increases, some of the leading substation automation system producers are focusing on collaboration to strengthen their footprint. Through this, they also aim at offering innovations,” says a Future Market Insights analyst.

    Who is winning?

    Key players in the substation automation market account for around 65% of the market share. In order to achieve more sales top companies are creating contracts with end users and developing custom products according to needs of the customer along with that manufacturers have focused on enhancing their sales network in order to achieve strong global presence.

    Some of the key players in this industry include but are not limited to ABB, General Electric, SIEMENS AG, Schneider Electric, Emerson Electric Co. CISCO, Rockwell Automation, Mitsubishi Electric Automation, TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION, Fuji Electric Co., Ltd. Eaton and Ingeteam.

    Purchase the Report : https://www.futuremarketinsights.com/checkout/5190

    Explore FMI’s Extensive Coverage on Industrial Automation Domain

    Weatherization Services Market : Weatherization Services Market By Application (Attic Insulation, Sidewall Insulation, Floor Insulation, HVAC, Doors & Windows Frame), Construction Type (Retrofit, New Construction), End-Use (Residential, Commercial) & Region – Forecast 2022 – 2028

    Inflatable Tents Market :  Inflatable Tents Market by Material Type (PVC, Poly-Cotton, Nylon), By Type (Self-Erecting and Hybrid), Shape (Dome, Tunnel, Geodesic), End Use (Military, Commercial, Personal), & Region – Forecast 2022 – 2028

    Vibrating Screen Market : Vibrating Screen Market by Product Type (Linear Vibrating Screens, Circular Vibrating Screens, Elliptical Vibrating Screens), Drive Type (Direct Drive, Indirect Drive), End-Use Industry (Construction, Mining, Recycling), and Region for 2022 – 2029

    About Future Market Insights (FMI)

    Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

    Contact:

    Future Market Insights,

    1602-6 Jumeirah Bay X2 Tower,

    Plot No: JLT-PH2-X2A,

    Jumeirah Lakes Towers, Dubai,

    United Arab Emirates

    For Sales Enquiries: mailto:[email protected]

    For Media Enquiries: mailto:[email protected]

    Website: https://www.futuremarketinsights.com/

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