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Quick Take: A new report from research firm SBI claims that sales of substation automation products will jump to nearly $106 billion by 2015. But the bulk of the growth will come in Asia, followed by Europe. Meanwhile, sales will initially rise in the U.S., but will taper off in the second half of the decade. – Jesse Berst

Substation automation market growth won't be identical throughout the global market, however. The growth rate is expected to vary by country as they are expected to have different aspects to focus on and different designs and build styles.

Asia has the most substations that could be upgraded to automated systems and has been holding about 53% of the market share this year, with spending concentrated on protection, control, monitoring and recording. The European market is expected to be valued at $7.2 billion by 2015, an average annual growth rate of 10%, and is expected to focus mostly on substation retrofitting to accommodate new communications technologies.

Over the course of the reporting period (to 2020), the U.S. is likely to cut spending on substation automation products, particularly those used for recording and monitoring, after reaching sales of $11.2 billion in 2016.

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