Substation Automation System Market- Key Players |Substation Automation System market are Operation Technology, Inc., ABB Ltd., Crompton Greaves, Schneider Electric, Elipse Software, Power System Engineering, Inc., General Electric, Netcontrol Group, SAE
A substation automation system provides control, monitoring, protection and other capabilities at the substation. The substation automation system helps in detecting the fault location in the distribution systems that help in electricity distribution. The substation automation system helps in minimizing outages. Such factors are fueling the adoption of substation automation system in the market.
Vendors in the substation automation system market are focusing on increasing the system productivity with reduced cost and increased customer satisfaction. Vendors in the substation automation system market are also focusing on providing solutions that can easily be implemented in existing infrastructure and can increase the plant productivity. Increasing research and development to add new features in the substation automation system is one of the key trends in the substation automation system market.
Request For Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2932
Substation Automation System Market: Drivers and Restraints
The substation automation system allows automatic super visioning of interlocks and provides an intelligent interlocking system. The substation automation system also provides various alarms and warning for users’ protection and safety. The adoption of a substation automation system provides major cost savings and simplifies the task of maintenance and support.
Such factors are driving the adoption of substation automation system in the market. The substation automation system automates all the tasks, thereby, improving the productivity and asset management. The substation automation system also provides high-security control and improves the process of information management. Such factors are further driving the growth of the substation automation system.
The substation automation system requires up gradation in existing infrastructure to automate the process. This requires high investment to setup and install substation automation systems. Thus, high installation and setup cost and regular requirement of support and maintenance are hampering the growth of the substation automation system in the market. In order to operate a substation automation system, certain skills are required, and the absence of such skilled labor is restraining the adoption of substation automation system. Such factors are furthermore hampering the growth of the substation automation system market.
Request For Brochure @ https://www.factmr.com/connectus/sample?flag=B&rep_id=2932
Substation Automation System Market: Segmentation
The substation automation system market can be categorized on the basis of components, and the type of substation. On the basis of components, the demand for controllers & remote terminal units is expected to rise exponentially due to the rising need for substation data acquisition & control. On the basis of type of substation, the demand for substation automation system in distribution substation will increase in order to optimize the process of power distribution.
Substation Automation System Market: Competitive Landscape
Examples of some of the key players operating in the Substation Automation System market are Operation Technology, Inc., ABB Ltd., Crompton Greaves, Schneider Electric, Elipse Software, Power System Engineering, Inc., General Electric, Netcontrol Group, SAE IT-systems GmbH & Co. KG, Siemens Industry, Inc. and Eaton Corporation Plc .
The substation automation system market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and others of APAC, Japan and Middle East & Africa. Europe is expected to be a large market for Substation Automation System as a majority of the Substation Automation System vendors such as ABB Ltd., Schneider Electric SE and Eaton Corporation Plc. are based in the region. Increasing demand for full-time electricity is driving the adoption of substation automation system in North American countries, such as the United States.
The growing popularity of Substation Automation System in developing regions, such as APEJ, Latin America and parts of Africa, is characterized by the increasing government initiative to supply power in all the areas in the regions constantly. Rising disposable income among people in the countries mentioned above is likely to increase the scope of penetration of substation automation system in these regions in the near future.
The research report presents a comprehensive assessment of the Substation Automation System market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
Report Analysis @ https://www.factmr.com/report/2932/substation-automation-system-market
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
Read Industrial News : http://insiderstribune.com/
This release was published on openPR.
Permanent link to this press release:
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 Automation System Market- Key Players |Substation Automation System market are Operation Technology, Inc., ABB Ltd., Crompton Greaves, Schneider Electric, Elipse Software, Power System Engineering, Inc., General Electric, Netcontrol Group, SAE here
News-ID: 1641308 • Views: 367
More Releases from Fact.MR
PCR and Real-time PCR Molecular Diagnostics Market to Surpass US$ 6 Bn by 2030, …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
More Releases for Substation
Digital Substation Market Size, Share, Outlook, and Digital Substation Market Tr …
Global digital substation market is valued approximately USD 6.3 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 7.87% over the forecast period 2018-2025. Increasing technological advancements is considered as key trend for the digital substation market. Additionally, the advent of battery technology to generate electricity is also expected to supplement the growth of the market across the globe. The digital substation market is
Global Substation Automation Market
This report studies the Substation Automation market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The demand of Substation Automation is increasing now. The global Substation Automation market was xx million US$ in
Substation Automation Market: Lucrative Opportunites across Globe
Substation automation is an integral part of electrical system for generation, transmission and distribution of electricity. The combination of devices used to change the characteristics of electric supply such as voltage, p.f. and frequency among others is called substation. Substations are used to receive electricity at high voltage from the transmission and decrease the voltage to the appropriate level so that it can be used for local distribution. On the
Substation integration Market
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
Substation Automation Systems
The Insight Partners added “Substation Automation Market 2025 – Global Analysis and Forecasts by Module (Intelligent Electronic Devices, Communication Networks and Scada Systems); Offering (Hardware, Software and Services); Type (Transmission substation and Distribution substation); Installation Type (Retrofit Installation and New Installation) & End-Users (Utility, Steel, Mining, Oil & Gas and Transportation)” to its research database. The report is spread across 150 pages and supported by 10 company leaders. Substation automation is
Substation Automation Market: Applications and Global Markets
According to a recent market research report released by Transparency Market Research, the global substation automation market is expected to grow positively at a CAGR of 5.4% during the period between 2014 and 2020. The report, titled “Substation Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, has projected the valuation of the worldwide substation automation market by the end of the forecast horizon.