Digital Relays(Substation Automation) Market by 2018

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MarketsandMarkets Presents
Substation Automation Market worth 122.94
Billion by 2018
http//www.marketsandmarkets.com/Market-Reports/su
bstation-automation-market-1118.html
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According to a new market research report of
"Substation Automation and Integration Market By
Components - IEDS (RTU, PLC, Digital Protection
Relay, Smart Meters), Communication Technology
(Optical Fiber, PLC, Copper Wire, Ethernet),
SCADA Geography (2013 - 2018)",published by
MarketsandMarkets is expected to grow at a CAGR
of 5.2 from 2013 to 2018 and reach 122.94
billion in 2018. Browse 92 market data tables
with 25 figures spread through 272 pages and
in-depth TOC on this report.http//www.marketsand
markets.com/Market-Reports/substation-automation-m
arket-1118.html Early buyers will receive 10
customization on this report.
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Substation automation has become an essential
need for power companies and utilities pertaining
to the growing demand of energy globally.
Substation automation market is seen to be
growing substantially it inculcates advanced
communication and control technologies. This
market is driven by various factors with grid
efficiency being its major driver as the
government regulations and cost saving
prepositions is propelling utilities to deploy
automation. The report covers the present market
scenario and forecast market in revenue by
considering all the factors and stakeholders
affecting the substation automation. The report
covers the transmission and distribution
automation which are the main types of substation
automation.The transmission automation is leading
this market the reason being its critical
components and high cost equipment in the
transmission substations that need automation for
reducing transmission losses and increasing
transmission efficiency. The major driving
factors for the substation automation market are
the grid efficiency reliability, cost saving,
reduction in transmission and distribution loss
and others. In the report different IEDs used in
substation automation are discussed like RTUs,
programmable logical controller, digital
transducer/smart meter, digital protection
relays, voltage controls, capacitor bank
controls, and Recloser controls.
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The overall substation automation market is
segmented into four major segments namely IEDs,
communication technology, SCADA and geography.
All the major segments are further segmented into
sub segments. All the segments and sub segments
are separately described in the report.Global
substation automation market is expected to reach
122.94 billion by 2018, at an estimated CAGR of
5.2 from 2013 to 2018. This report describes
the overall market into four major geographical
segments, namely, North America, Europe, APAC,
and ROW. North America is the market leader in
the overall substation automation market
followed by Europe and APAC. In ROW, the Middle
East, and Africa are the largest
contributors. The major companies involved in
the Global substation market which are also
profiled in the report are ABB (Switzerland),
Alstom (France), General Electric (U.S.),
Schweitzer Engg Lab (U.S.) Siemens (Germany),
Cooper power Systems (U.S.), NovaTech (U.S.) and
so on.
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bstation-automation-market-1118.html
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