openPR Logo
Press release

Substation Monitoring System Market Top Key Industry Players: Emerson Electric, General Electric, Cisco, Crompton Greaves, Honeywell, Eaton Corporation, IGrid T&D, I-Tor, Novatech, Schneider Electric SA, ABB Ltd., Siemens AG, Tekvel, Sentient Energy

08-27-2018 07:34 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

Substation Monitoring System Market size is expected to grow at a steady rate over the coming years owing to the growing focus on the reduction of distribution and transmission losses and to enhance the reliability of power systems. The power generation industry is looking to address the maturing and distressed infrastructure and improve the IoT-based communication network by employing cost-efficient solutions, driving the substation monitoring system market growth.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2317

Rising investments from the government for improving IoT-based communication network and modernizing the power stations are propelling the industry growth. In addition, the industry is witnessing a growing penetration of the monitoring solutions to efficiently analyze and automate the facility data. The communication network plays an essential part in power houses as the monitoring devices & Intelligent Electronic Devices (IEDs) located at the substation need to be passed through utility data centers that are located remotely. Advancements in technology, such as innovative communication and SCADA technologies, will drive the substation monitoring system market.

Based on the component, the substation monitoring system market is segmented into hardware and software. The hardware market accounted for the majority of the industry share and will gain a considerable share owing to its implementation in mining, steel, oil & gas, and transportation industries. Hardware components, such as microcontrollers, smart sensors, IEDs, cameras, distribution network feeders, and smart sensors, are being built in the electrical substations and they help in the collection of real-time data, thereby providing an uninterrupted power supply in several industries owing to which, the hardware substation monitoring system market will witness a considerable growth.

On the basis of technology, the substation monitoring system market is segmented into wired and wireless systems. The performance of wired solutions can get degraded due to the changing environmental conditions and the maintenance of these systems is comparatively difficult as compared to wireless; hence, wireless solutions are majorly implemented in remote areas for online monitoring purposes. In addition, wireless data communications are offering various advantages such as easy user access, low-cost installation, and rapid deployment.

Request for customization @ https://www.gminsights.com/roc/2317

Based on applications, the substation monitoring system market is segmented into transportation, mining, utility, steel, and oil & gas industries. The utility market is expected to hold the largest share over the forecast time span owing to the high demand for energy supply in several industrial sectors. The installation of smart grids and modernization of grids has created a demand for monitoring solutions in the sector. The growing number of project launches, such as subsidizing solar farm projects in Asia Pacific and MEA countries, is driving the utility substation monitoring system market growth.

The Asia Pacific substation monitoring system market is witnessing a high demand for the technology owing to the growing demand for monitoring services and power management solutions. The industry in countries including South Korea, India, China, Japan, and Australia is expected to grow rapidly in the coming years. The government organizations from these countries are heavily investing in implementing automated services for examination of devices in electrical facilities.

Players operating in the substation monitoring system market include Emerson Electric, General Electric, Cisco, Crompton Greaves, Honeywell, Eaton Corporation, IGrid T&D, I-Tor, Novatech, Schneider Electric SA, ABB Ltd., Siemens AG, Tekvel, Sentient Energy, and Cadillac Automation and Controls. The competition amongst major players to offer technologically advanced solutions is making companies invest increasingly in R&D activities. Companies are focusing on expanding their business and M&As to improve their service offerings in the untapped regions.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Substation Monitoring System Market Top Key Industry Players: Emerson Electric, General Electric, Cisco, Crompton Greaves, Honeywell, Eaton Corporation, IGrid T&D, I-Tor, Novatech, Schneider Electric SA, ABB Ltd., Siemens AG, Tekvel, Sentient Energy here

News-ID: 1201700 • Views: 822

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases


More Releases for Electric

Electric Motors vehicles
Electric Car Batteries- Reuse and Recycling: There are several advantages to operating an electric vehicle (EV). Electric Vehicles pump fewer CO2 into the environment and less noise pollution in communities. When competition pushes down battery costs, they are also becoming more available to middle- and low-income consumers and policymakers are adopting national and local policies aimed at promoting EV production. It is extremely relevant when it comes to their batteries, which usually
New Electric Wheelchair
The wheelchair is controlled by a motor. With safety light. Convenient to use at night. Freely adjusting the backrest angle is more comfortable for the user. The average driving speed is 1-6km/h. The marketplace was wholly developed by the Jiangsu Medwish Network Technology Co., Ltd., a private corporation based in Jiangsu, China. Through substantial previous international B2B e-commerce field experience, Jiangsu Medwish is dedicated to establishing a globally recognized framework and
Global Electric Truck Market
Global Electric Truck Market – Industry Analysis and Forecast (2018-2026) – by Electric, Truck, Application Type and Region. Global Electric Truck Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Major driving factors of the Electric Truck Market the trucking industry is in the stages of a technological changes, with a particular focus
India pushes Electric Vehicles
The Indian government’s recent tweaking of the licensing policy for Electric Vehicles (EV) promises to address the infrastructure obstacle holding back the sector. The setting up of EV charging stations by the government would no longer require a license from the Ministry, paving the way for the faster construction of these stations. Earlier this year, Ola – the cab firm – initiated ‘Mission: Electric’ with plans to put 10,000 electric auto-rickshaws and
Folding Electric Bicycle
In this report, the global Folding Electric Bicycle market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Folding Electric Bicycle in these regions, from 2012 to 2022
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in