The
market was valued at USD 96.52 billion in 2013, which is expected to
reach USD 139.34 billion by 2020, growing at a CAGR of 5.4% from 2014
to 2020.
Browse
the full Global Substation Automation Market Report at
http://www.transparencymarketresearch.com/substation-automation-market.html
Increasing
number of smart grid improving grid efficiency and reliability and
increasing need for reduction in transmission and distribution loss
are the major forces driving the growth of substation automation
market. Apart from this, demand for distributed intelligence is also
fuelling the growth of substation automation market. There are large
number of upcoming power utilities in order to meet the rising demand
for electricity such as in 2014, first smart grid infrastructure was
developed in Dubai by Alstom S.A. and other utilities are also
expected to come in the coming years. The increasing demand for
electricity with rapid industrialization in the emerging economies of
Asia Pacific is also boosting the growth of substation automation
market.
Communication
channel segment accounted for the largest revenue share in 2013.
Apart from this, it is also expected to be the fastest growing
segment in the coming years growing at a CAGR of 13.1% from 2014 to
2020. In terms of module, intelligent electronic devices (IED)
segment held the highest market share, in 2013. Increasing demand for
reduction in the outrage time and improving transmission and
distribution efficiency are the major factors driving the growth in
this segment. The communication network segment is expected to grow
the fastest, growing at a CAGR of 13.1% from 2014 to 2020.
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North
America held the largest market share in 2013, which is expected to
attract heavy investment and at the same time high end research is
expected to be carried out in the field of substation automation. In
addition, increasing demand for reduction in outrage time improving
the transmission efficiency is also fuelling the growth of substation
automation market. The Asia Pacific substation automation market was
valued at USD 19.55 billion in 2013, and is expected to be the
fastest growing substation automation market in the forecast period.
Increasing demand for electricity and reduction in transmission and
distribution loss is the major factor driving the growth in this
segment. Apart from this, the ageing infrastructure of existing power
utilities and the need to upgrade them to meet rising demand of
electricity is also boosting the growth in this region.
Browse
Press Release of Substation Automation Market at @
http://www.transparencymarketresearch.com/pressrelease/substation-automation-market.htm
Major
industry participants include ABB Ltd. (Switzerland), Trilliant Inc.
(U.S.), Alstom S.A. (France), Schneider Electric S.E. (France), Cisco
Systems, Inc. (U.S.), Siemens A.G. (Germany), Eaton Corporation Plc.
(Ireland), GE Energy Management (U.S.), Itron, Inc. (U.S.) and
Echelon Corporation (U.S.) among others. The report studies the
global substation automation market, and provides estimates in terms
of revenue (USD Billion) from 2014 to 2020. Market estimates on the
basis of components and module have also been provided for each
region. The market has been segmented as follows:
Browse
All PR:
http://www.transparencymarketresearch.com/press-releases.htm
Substation
Automation Market, by Component
Recloser
controller
Programmable
logic controller
Capacitor
bank controller
Digital
transducer/ Smart meter
Load
tap changer
Communication
channel
Digital
relays
Others
Browse
All Articles:
http://www.transparencymarketresearch.com/articles.htm
Substation
Automation Market, by Module:
SCADA
IED
Communication
network
Substation
Automation Market, by Geography:
North
America
Europe
Asia
Pacific
Rest
of the World
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All Semiconductor & Electronics Market Research Reports @
http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html
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