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Substation integration Market

07-09-2018 11:38 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

Substation integration is a method of protecting, controlling and acquisition of data into a nominal number of platformfor the purpose of reducing operating and capital cost, it also helps in reducingthe control and panel room space, and it also helps to eliminate redundant equipments and databases. The growing adoption of smart grid technology in the utility sector and the need to reduce the distribution and transmission losses in the mode of hysteresis and eddy current loss substation integration market is expected to grow at a moderate pace in the forecasted period from 2017-2025.

For purpose of doing in depth analysis, the Substation integration market is been segregated based on module, type, installation type, by offering, end user and the geography. Based on the modulethis market has been segregated mainly into three types; they are like communication network, intelligent electronic device and SCADA system. By type the Substation integration market has been segmented mainly into two types they are like transmission substation and distribution substation.By installation type the market has been segmented mainly into two types they are like new installation and retrofit installation. On the basis of offering the Substation integration market has been segmented into three types, they are like offering in hardware, software and in services.By end user the market has been segmented mainly into five types they are like metals and mining, utility, oil and gas, transportation and others. Moreover, this report also provide cross functional analysis of all the above mentioned segments across different regions such as Europe, North America, Asia Pacific, Middle East and Africa and Latin America.

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Some of the key factors which are responsible for the growth of substation integration market are the growing demand of replacing the old and aging substations with the advance communication and multifunctional solutions. Very robust demand of advanced metering infrastructure isalso one of the major reason for driving the demand for the substation integration market. Thus, the continuously growing need for the open system architecture and replacement of RTU’s with the advanced PLC and IED is also one of the main factor estimated to act as a catalyst for the growing demand of substation integration market during the forecast period from 2017 to 2025. In addition to thatrapid growth of smart cities will increase the adoption of large scale substations in the upcoming years. In turn this is also expected tocreate a strong positive affect in the Substation integration market during the forecasted period of 2017-2025.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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