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Substation Monitoring System Market - Increasing Demand for Reduced Distribution and Transmission Losses in Developing Countries Propelling the Market

03-08-2018 06:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Monitoring of substations has become an essential task currently, in order to ensure consistent power supply to end-users. Transmission and distribution substations supply electric power to different loads depending on the end-users and voltage levels. There are different monitoring methods, which include wired and wireless technologies, while wireless communication technologies include GPRS, GSM, and Ethernet.

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Substation monitoring systems monitorsspecified parameters such as current, frequency, voltage, current, temperature, and power factor. Substation monitoring system consist of various equipment such as circuit breaker, transformer, relays, APFC panels, etc. The substation monitoring system consists of three main units, namely, data processing and transmitter unit, load and measurement system, and receiver and PC display unit.

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Substation monitoring system are widely used in the market for increased reliability, operational advantages and economic benefits.The main factors driving the substation monitoring system market is the development strategies implemented by the players operating in the substation monitoring system market, such as agreements, contracts, product launches and developments, partnerships, and expansions.

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Moreover, the increasing demand for reduced distribution and transmission losses in developing countries such as India is propelling the substation monitoring system market. Aging infrastructure, need for increasing the government support for optimum electricity utilization, continuously improving IoT-based communication network and development of the IEC 61850 standard to allow interoperability between IEDs are also driving the market.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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