Teleprotection Market (2017-2022): Key Players are Alstom, Alcatel-Lucent, GE, ABB, Cisco Systems, Schweitzer Engineering, Siemens, Telco Systems & DNV GL – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Teleprotection
Market – Forecasts from 2017 to 2022" report has been added to Research
and Markets' offering.

The Teleprotection Market is projected to witness a compound annual
growth rate of 21.47% to grow to US$22.651 billion by 2022, from
US$8.565 billion in 2017.

To prevent the system from failure or damage, teleprotection system
selectively disconnects the faulty part by transmitting command signals
within the shortest possible time. Teleprotection System is being
increasingly used on account of advantages it offers such as increased
stability, improved communication system, and high efficiency.
Increasing demand for energy saving and uninterrupted transmission of
power serves as a key factor for the market growth. Favorable government
policies in the developed nations and increasing demand of teleported
grid are some other factors boosting the demand of teleprotection market
over the forecast period.

Geographically, Asia Pacific is expected to grow at the fastest rate
over the projected period owing to the rising adoption of teleprotection
systems from power and telecommunication sector. Moreover, regional
governments focus towards the reduction in CO2 emission and energy
conservation, coupled with developing electricity infrastructure,
especially in emerging economies is significantly contributing to the
market growth. The growing adoption of smart grid and other energy
efficient technologies is also boosting the demand for teleprotection
systems over the forecast period.

Companies Mentioned

• Alstom
• Alcatel-Lucent
• GE
• ABB
• Cisco Systems
• Schweitzer Engineering Laboratories
• Siemens
• Telco systems
• DNV GL

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Global Teleprotection Market Forecast by Product (US$ billion)

6. Global Teleprotection Market Forecast by End-User Industry (US$
billion)

7. Global Teleprotection Market Forecast by Geography (US$ billion)

8. Competitive Intelligence

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/cjd3g9/teleprotection

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Related
Topics: Electricity