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Electric Power Substation Automation System Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Electric Power Substation Automation System MarketSubstation automation refers to using data from Intelligent electronic devices (IED), control and automation capabilities within the substation, and control commands from remote users to control power-system devices. Electric power substation has improved the way substations were controlled earlier and have enhanced the way critical data were accumulated.
The global Electric Power Substation Automation System market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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The Electric Power Substation Automation market is mainly driven by the factors including rising demand for effective energy usage, growing adoption of renewable energy and need for efficient grid infrastructure. The increasing demand for efficient and reliable electricity supply has led to an increased demand for Electric Power Substation Automations. These systems are more essential to be installed in the remote areas and off grid locations as they can facilitate real-time notification alerts during circuit outage to enable the power utility to address the situation within time.
This report aims to provide a comprehensive presentation of the global market for Electric Power Substation Automation System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Power Substation Automation System.
The Electric Power Substation Automation System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Power Substation Automation System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electric Power Substation Automation System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Type
• Transformer Substation
• Distribution Substation
By Application
• Industrial
• Commercial
• Residential
Key Companies
Ingeteam, ABB, Schneider Electric, Siemens, Amperion, General Electric, Alstom, Cisco Systems, Eaton Corporation, Schweitzer Engg Lab
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