Global Teleprotection Market 2017-2021 – Key Vendors are ABB, Siemens, Schneider Electric & GE – Research and Markets
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Teleprotection Market 2017-2021” report to their offering.
The global teleprotection market to grow at a CAGR of 19.04% during the
period 2017-2021.
Teleprotection systems are adopted by some major end-user industries
such as telecommunication and power. Other end-user industries of
teleprotection systems that are gaining popularity are transportation,
IT, and aerospace and defense.
The report covers the present scenario and the growth prospects of the
global teleprotection market for 2017-2021. To calculate the market
size, the report considers the demand for teleprotection from various
end-users. The report also includes a discussion of the Key vendors
operating in this market.
The latest trend gaining momentum in the market is increasing demand
from the aerospace and defense industry. Aerospace and defense is the
nontraditional end-user industry of the teleprotection market. One of
the major reasons for this is the growing need to regulate power in
these sectors. As the aerospace sector demands for uninterrupted flow of
balanced power for monitoring and managing aerospace activities, it is
vital to adopt teleprotection systems. In the defense sector, there is
high demand for managing power flow to monitor borders and even control
rooms.
According to the report, one of the major drivers for this market is
growth in demand for power generation. Rise in industrialization and
rapid infrastructure development across the world have created a huge
demand for electricity. To meet this demand, countries are increasing
their installed power capacities.
Further, the report states that one of the major factors hindering the
growth of this market is unpredictable oil prices. The recent fall in
crude oil prices will hinder the growth of the global teleprotection
market as the oil and gas industry is one of the end-user industries for
teleprotection equipment. Shale gas explorations in the US are on the
rise and have reached record levels. The Middle East countries, on the
other hand, have not reduced their output as they fear of losing market
share. This has caused a continuous fall in oil and gas prices.
Key vendors
- ABB
- Siemens
- Schneider Electric
- GE
Other prominent vendors
- Alcatel-Lucent
- Alstom
- AltaLink
- Cisco
- Valiant Communications
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: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/bv7rr3/global
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Related
Topics: Electricity
