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Global Substation Automation Market is projected to expand at a CAGR of 5.92% over the forecast period 2017-2022

Global Substation Automation Market 2017-2022

Market Research Report on Global Substation Automation Market

RAIPUR, INDIA, November 17, 2017 /EINPresswire.com/ --

Report Sellers has added a new market research report “Global Substation Automation Market 2017-2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.

According to the report, Global substation automation market is projected to expand at a CAGR of 5.92% over the forecast period 2017-2022.

The term automation was coined in the decade of 1940 and can be used in many applications such as manufacturing, services among others. Automation can also be used in power applications. Earlier, power plants have many sensor and action variables, hence automation finds its extensive use in this area and its application streamlined the process in transmission and distribution. The substation is a key component in electricity generation and its transmission as it is used to transform voltage from high to low or low to high and performs other important functions too. Substations are automated so that it can have an intelligent and interactive power distribution network and substation automation is also considered as cutting edge technology in electrical engineering. These systems provide enhanced performance and reliability in electrical protection, improves safety and integrity of electrical power network, exhibit real-time information in a control center and are capable of performing advanced automation functions.

Browse through the complete description and in-depth TOC on “Global Substation Automation Market”
https://www.reportsellers.com/market-research-report/Global-Substation-Automation-Market---Forecasts-from-2017-to-2022

Geographic Outlook

Geographically, North America would drive the market for substation automation across the globe due to rising need in outrage time improving the transmission efficiency and various research activities carried out in this field by the researchers.

Research Methodology

The report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation.

Companies Covered

Crompton Greaves,
ABB,
General Electric
Siemens AG

Report Segmentation

Substation Automation Market has been segmented based on module, offering, industry and geography as follows:

By Module
Communication Networks
SCADA Systems
Intelligent Electronic Devices

By Offering
Hardware
Protective Relays
Reclose Controllers
Load Tap Changers
Others
Software
Services

By Industry
Energy and Power
Mining
Travel and Transport
Steel
Oil and Gas

By Geography
Americas
North America
South America
Europe Middle East and Africa
Europe
The Middle East and Africa
Asia Pacific
Market Players

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