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Last updated on April 24, 2014 at 10:48 EDT

Substation Automation Market Expected to Grow at a CAGR of 5.2% By 2018 in New Research Report at RnRMarketResearch.com

May 28, 2013

RnRMarketResearch.com adds Latest Report on “Substation Automation Market (2013 — 2018) By Components — IEDS (Digital Relays, Smart meters, Recloser Controller, Capacitor Bank Controller) & Communication Technology (Optical Fiber, PLC, Copper Wire, Ethernet), SCADA & Geography” to its store.

Dallas, Texas (PRWEB) May 29, 2013

Substation automation is an automated monitoring and control process for substations. In the market currently transmission and distribution utilities are focusing on the fullsubstation automation of the retrofit substations or partially automated substation that already exist.The market currently is majorly driven by the Intelligent Electronic Devices (IEDs) and communication networks that are used to control devices and data transfer. The substation market is growing and expected to cross the $100 billion mark in near future.

The global substation automation market is governed by the automation components and IEDs such as Digital Relays, Logical Programmable Controller, Digital Transducers, Recloser controller, Capacitor Bank controllers, Load Tap Changer Controllers. These components have transformed the way substations were controlled and critical information used to be gathered. The report covers the major communication technologies used in substation automation and those which have the maximum potential to drive this market pertaining to the developments in advanced communication technologies. Substation automation is incomplete without communication as all the IEDs and monitoring devices which are located at the substation and on the field actually generates data that has to be passed on to the utility data center which is remotely located. This report also describes the wireless communication technologies such as RF Mesh and ZigBee that enter this market in future.

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This report describes the value chain on the market by considering all the major stakeholders in the market and their role analysis. This report shows the life cycle analysis of communication technologies covered in the study. The report also provides detailed scrutiny of porters five force analysis for the global market. All the five major factors in these markets have been quantified using internal key parameters governing each of them.

The major drivers for substation automation market or grid efficiency and reliability which is the major contributing factor for utilities to go for automation, other drivers like cost saving, reduction in transmission and distribution loss are also contributing to the market growth. Major restraints like regulation issues and high initial investments and their impact analysis in covered under this study.

North America currently leads the market share as this region has the most automated substations and has reached to the substantial maturity. The market in this region is expected to reach $35.47 billion in 2018 from $31.61 billion in 2013. APAC is the emerging market and has the highest growth rate among all geographic regions. It is believed that the market will grow at a CAGR of 9.1% from 2013 to 2018.

The report covers recent developments in the substation automation industry like Siemens (Germany), Acquiring RuggedCom (Canada) in March 2013. Schneider Electric (France) acquired Electroshield — TM Samara (Russia) in March 2013.Several other acquisitions, mergers, new product launch, agreements and so on, have taken place recently and are discussed in the report.

The growth of substation automation market is expected to be remarkable with the revenue growth from $95.30 billion in 2013 to $122.94 billion by 2018, at an estimated CAGR of 5.2% from 2013 to 2018. The major players in this market are ABB (Switzerland), Alstom (France), General Electric (U.S.), Schweitzer Engg Lab (U.S.); Siemens (Germany), Cooper power Systems (U.S.), NovaTech (U.S.) and so on.

This report deals with all the driving factors, restraints, and opportunities with respect to the substation automation market, which are helpful in identifying trends and key success factors for the industry. It also profiles companies which are active in the field of substation automation. The report provides the competitive landscape of the players, which covers key growth strategies followed by all the major players. It also highlights the winning imperatives and burning issues related to the substation automation industry.

Scope of the report

This research report categorizes the global market, based on components (IEDs &communication networks), types, SCADA; it also covers the forecast revenue from 2013 to 2018. It describes the deployments of substation automation in different regions.

On the basis of IEDs

The global substation automation market on the basis of IEDs consist of Digital Relays, Logical Programmable Controller, Digital Transducers, Recloser controller, Capacitor Bank controllers and Load Tap Changer Controllers.

On the basis of communication networks

The global substation automation market on the basis of communication networks consist of Copper Wire communication, Fiber Optic communication, Ethernet (Copper or Optic Fiber) communication, and Power line communication (PLC).

On the basis of types

The global substation automation market on the basis of substation types consist of Transmission substation, Distribution substation and Collector substation.

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For the original version on PRWeb visit: http://www.prweb.com/releases/prwebsubstation-automation/market-analysis-report/prweb10774289.htm


Source: prweb