Market Research Report
North America Substation Automation Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||891214|
|Published||Content info||82 Pages
Delivery time: 2-3 business days
|North America Substation Automation Market Forecast 2019-2027|
|Published: July 19, 2019||Content info: 82 Pages||
The substation automation market in North America is anticipated to rise with a CAGR of 5.63% during the forecast period of 2019-2027. The market has been valued at $XX million in the year 2018 and is expected to rise to a revenue of about $XX million by the year 2027.
The US and Canada are major consumers of the substation automation market mainly because of the abundance of residential apartments and commercial houses that heavily consume electricity. The prolonging emphasis on optimization of the energy consumption, power quality, and energy efficiency in the afore-mentioned buildings has placed these countries at the vanguard of technological development of transmission and distribution systems.
The major companies operating in the market are Ingeteam S.A., Schweitzer Engineering Laboratories, Inc., NovaTech LLC, Crompton Greaves Ltd., Venson Electric Pvt. Ltd., General Electric Company (GE Grid Solutions, LLC), Eaton Corporation PLC, Siemens AG, Amperion Inc., Schneider Electric SE, Cisco Systems Inc., Larsen & Toubro Limited, ABB Ltd., Honeywell International Inc., and Trilliant Holdings, Inc.