|By PR Newswire||
|August 14, 2014 12:12 PM EDT||
DUBLIN, Aug. 14, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Substation Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" report to their offering.
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. The increasing demand for electricity with rapid industrialization in the emerging economies of Asia Pacific is also boosting the growth of substation automation market.
North America accounted for the largest market share in 2013, which is expected to lure 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.
Communication channel represented the largest substation automation segment by components in 2013. Apart from this, communication channel segment is also expected to exhibit fastest growth during the forecast period from 2014 to 2020. The rising demand for improvement in communication capabilities to communicate with remote locations in order to improve overall efficiency of power utilities is the major factor boosting the growth in this segment.
Apart from this, communication channel also helps in early fault detection reducing the outrage time fuelling the demand in this segment. In terms of module, intelligent electronic device (IED) holds the largest module segment in 2013. However, communication network module is expected to have maximum growth rate in the forecast period. The increasing demand for transmission and distribution efficiency by reduction of outrage time is the major factor driving the growth in this segment. Apart from this, ageing infrastructure of existing utilities switching to automated substations is also boosting the growth in this segment.
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.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Substation Automation Market Analysis, by Components
Chapter 5 Substation Automation Market Analysis, by Module
Chapter 6 Substation Automation Market Analysis, byGeography
Chapter 7 Company Profiles
- ABB, Ltd.
- Alstom S.A.
- Cisco Systems, Inc.
- Eaton Corporation Plc.
- Echelon Corporation
- GE Energy Management
- Itron, Inc.
- Schneider Electric S.E.
- Siemens A.G.
- Trilliant, Inc.
For more information visit http://www.researchandmarkets.com/research/kpbhfc/substation
Media Contact: Laura Wood, +353-1-481-1716, email@example.com
Feb. 24, 2017 11:00 AM EST Reads: 6,113
Feb. 24, 2017 10:45 AM EST Reads: 615
Feb. 24, 2017 10:30 AM EST Reads: 2,093
Feb. 24, 2017 10:25 AM EST Reads: 184
Feb. 24, 2017 09:45 AM EST Reads: 1,060
Feb. 24, 2017 09:30 AM EST Reads: 1,598
Feb. 24, 2017 09:30 AM EST Reads: 865
Feb. 24, 2017 09:15 AM EST Reads: 8,135
Feb. 24, 2017 09:15 AM EST Reads: 886
Feb. 24, 2017 08:45 AM EST Reads: 1,786
Feb. 24, 2017 08:45 AM EST Reads: 1,141
Feb. 24, 2017 08:45 AM EST Reads: 1,799
Feb. 24, 2017 08:45 AM EST Reads: 4,862
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captur...
Feb. 24, 2017 08:30 AM EST Reads: 3,513
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
Feb. 24, 2017 08:30 AM EST Reads: 1,674