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Electric Power Substation Automation Market 2017-2023 | Key Players - Ingeteam, ABB Ltd, Schneider Electric, Siemens AG, Amperion, General Electric and Others

02-19-2019 09:10 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Electric Power Substation Automation Market

Electric Power Substation Automation Market

Electric power substation has improved the way substations were controlled earlier and have enhanced the way critical data were accumulated. Besides this, the electric power substations are generally managed by automatic elements as well as IEDs including reclose controls, digital protection relays, voltage controls 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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KEY BENEFITS FOR STAKEHOLDERS
• The market research report provides integrated information on the major drivers, restraints and opportunities influencing the industry growth during the forecast period.
• The study further drills down to produce data volume by components, end customers and demography.
• SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
• Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
• The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
• Study further weighs up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
• Assessment of upstream and downstream market also forms an important part of the report.

ELECTRIC POWER SUBSTATION MARKETKEYSEGMENTS

By Automation Stage
• Retrofit
• New Construction Automation Stage

By Module
• SCADA
• Hardware
• Communication Network Technology

By End User
• Utilities
• Industry

By Type
• Collector
• Transmission
• Distribution

By Geography
• North America
• Europe
• Asia Pacific
• LAMEA

Key Players
• Ingeteam
• ABB Ltd.
• Schneider Electric
• Siemens AG
• Amperion
• General Electric
• Alstom S.A.
• Cisco Systems
• Eaton Corporation
• Schweitzer Engg Lab

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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