Electric Power Substation Automation Market 2017-2023 | Key Players - Ingeteam, ABB Ltd, Schneider Electric, Siemens AG, Amperion, General Electric and Others
Growing need for high productivity, as well as reliability in grids, have contributed to the growth of the market. Moreover, reduced capital spending has also kept the market prospect high. Rising requirement for smart grid solution is driving the electric power substation automation market worldwide. Capability to reduce the transmission, as well as distribution loss, would keep the future of the market robust. Lack of skilled resources and high installation cost has hindered the growth of the market to a greater extent. Absence of interoperability policies worldwide too has obstructed the market growth. Recent developments in communication technologies are expected to create greater opportunities worldwide. Efficient energy management solutions for residence and office would open new avenues.
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ELECTRIC POWER SUBSTATION MARKETKEYSEGMENTS
By Automation Stage
• New Construction Automation Stage
• Communication Network Technology
By End User
• North America
• Asia Pacific
• ABB Ltd.
• Schneider Electric
• Siemens AG
• General Electric
• Alstom S.A.
• Cisco Systems
• Eaton Corporation
• Schweitzer Engg Lab
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