Global Electric Power Substation Automation Market Will See A Capital Expenditure (Capex) Of $38,881mn In 2018

03 August 2018
Energy

Visiongain’ has launched a new energy report The Electric Power Substation Automation Market Forecast 2018-2028: Forecast and Analysis By Type (Transmission & Distribution), By Module (SCADA, IEDs & Communication Networks) AND By Region PLUS Profiles of Leading Companies in the Electric Power Substation Automation Market

Electric Power Substation Automation systems enable the electric utilities to remotely monitor, control and protect the distribution components in the substation to ensure reliable and improved power supply with increased safety regulations. The technology uses a real-time information from the system to identify critical faults across the electricity network, analyse and control the faults and finally display the information.

The rising demand for reliable and continuous electricity supply among the consumers has raised an alarming need towards the modernization of existing grid infrastructure. The rapid growth in the population has led to increased congestion and stress on the existing grid resulting in an unbalanced and inefficient supply of electricity among the consumers; the bulk of them affected with lack of electricity supply.

Substation automation is expected to be a major solution for ageing grid infrastructure as they can reduce the burden on existing utilities by monitoring and controlling critical faults across the electricity network. Despite these advantages, the technology has experienced a low adoption owing to high cost of installation and lack of technical expertise.

The visiongain report analyst commented “Electric Power Substation Automation market is expected to witness a high growth on account of ongoing government plans toward expansion of transmission and distribution network. Increasing measures by the government to facilitate efficient and reliable electrification benefits and decentralised electricity supply will boost the demand for Electric Power Substation Automation globally. Measures toward grid prevention and blackouts will further embellish the demand for automation across substations. In addition, government aim to provide reliable and continuous electric supply will positively impact the product penetration over the coming years.”

Leading companies featured in the report who are developing the Electric Power Substation Automation are ABB Ltd., General Electric, Eaton Corporation, Siemens, Schneider Electric, Crompton Greaves Limited, Honeywell International, Larsen and Toubro Limited, Toshiba Corporation and Cisco Systems, Inc.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

“Global Wood Chips Market was valued at $6.7 billion by 2029”, says Visiongain

Due to the rising demand for renewable energy sources, the worldwide wood chips market is projected to record a substantial CAGR during the forecast period

23 September 2019

Read

“Global Wave and Tidal Energy Market was valued at $3.5 billion by 2029”, says Visiongain

ave energy is defined as the energy from the surface of the ocean waves captured to generate electricity, waste, and pump water into storage tanks.

23 September 2019

Read

“Global Transmission Sales Market was valued at $20 billion by 2029”, says Visiongain

The oil and gas industry has developed into a highly profitable industry. The complexity of activities across the oil industry has resulted to customized, state-of – the-art techniques being developed.

23 September 2019

Read

“Global Pipeline & Process Services Market was valued at $7.24 billion by 2029”, says Visiongain

The demand for crude oil, natural gas and refined products is anticipated to rise in the coming years due to the growing population.

23 September 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever
Do NOT follow this link or you will be banned from the site!