Global Substation Automation Market to Grow at a CAGR of 7% by 2021 – Key Vendors are ABB, Eaton, Grid Solutions, Schneider Electric & Siemens – Research and Markets
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Substation Automation Market 2017-2021” report to their
offering.
The global substation automation market to grow at a CAGR of 7.17%
during the period 2017-2021.
The 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.
The latest trend gaining momentum in the market is adoption of Internet
of things (IoT) into power systems. The Internet of things (IoT) is
becoming the next generation technology for utility companies to
transmit and distribute power between generating station and
distribution substation. At present, the IoT has already discovered its
pathway into the grid automation to bring revolution in modernized
communication. Similarly, the enormous benefits of IoT have been
continuously increasing the adoption rate of smart devices into the
substation.
According to the report, one of the major drivers for this market is
growing need for remote operations due to rising demand for electricity.
The rising population and urbanization are ramping up the electricity
demand worldwide. Thus, a huge mismatch is experienced between
electricity supply and demand for last many years. Moreover, a variation
of load demand to a large extent all through the year is the major
difficulty that complicates the situation. Thus, utility and generation
companies must constantly match supply and demand every second to
maintain reliability on the power system.
Key vendors
- ABB
- Eaton
- Grid Solutions
- Schneider Electric
- Siemens
Other prominent vendors
- Atlantic City Electric
- Cisco
- Eaton
- G&W Electric
- Kalkitech
- Kyland Technology
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Key Takeaway
PART 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/lwb86p/global_substation
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Related
Topics: Utilities
