Latest
industry research report on: Global Substation Automation Market |
Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand,
Growth, Segmentation, Parameters, Forecasts
Substation automation
helps to capture the data from the IEDs, and manage the automated plant
grid operation by facilitating communication between IEDs.
Alternatively, substation automation is a technology that facilitates
precise integration between devices and data management systems within
smart grid. As more IED devices are incorporated into the smart grid,
the need for substation automation is a growing imperative. A
well-designed substation automation architecture offers a scaled
approach to add new automation applications along with shared
communication infrastructure for the substation to realize the full
benefits of smart grid application.
Technavios analysts forecast the global substation automation market to grow at a CAGR of 7.17% during the period 2017-2021.
Covered in this report
The
report covers the present scenario and the growth prospects of the
global substation automation market for 2017-2021. To calculate the
market size, the report considers the revenue, Y-o-Y growth, CAGR,
retrofit, replacement, and the services market.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's
report, Global Substation Automation Market 2017-2021, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects
over the coming years. The report also includes a discussion of the key
vendors operating in this market.
Key vendors
- ABB
- Eaton
- Grid Solutions
- Schneider Electric
- Siemens
Other prominent vendors
- Atlantic City Electric
- Cisco
- Eaton
- G&W Electric
- Kalkitech
- Kyland Technology
Market driver
Growing need for remote operations due to rising demand for electricity
For a full, detailed list, view our report
Market challenge
Growing complexity in communication among devices due to interoperability issue
For a full, detailed list, view our report
Market trend
Adoption of Internet of things (IoT) into power systems
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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