Market Research Report
The Electric Power Substation Automation Market Forecast 2018-2028: Forecast & Analysis by Type (Transmission & Distribution), by Module, by Region, plus Profiles of Leading Companies in the Electric Power Substation Automation Market
|Published by||Visiongain Ltd||Product code||602254|
|Published||Content info||183 Pages
Delivery time: 1-2 business days
|The Electric Power Substation Automation Market Forecast 2018-2028: Forecast & Analysis by Type (Transmission & Distribution), by Module, by Region, plus Profiles of Leading Companies in the Electric Power Substation Automation Market|
|Published: December 20, 2017||Content info: 183 Pages||
Visiongain has calculated that the global Electric Power Substation Automation market will see a capital expenditure (CAPEX) of $38,881mn in 2018. Read on to discover the potential business opportunities available.
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.
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 Electric Power Substation Automation market is mainly driven by the factors including rising demand for effective energy usage, growing adoption of renewable energy and need for efficient grid infrastructure. The increasing demand for efficient and reliable electricity supply has led to an increased demand for Electric Power Substation Automations. These systems are more essential to be installed in the remote areas and off grid locations as they can facilitate real-time notification alerts during circuit outage to enable the power utility to address the situation within time.
The adoption of Electric Power Substation Automation has been further complemented with rapid integration of renewable energy. The technology is essential for efficient monitoring and real-time renewable power supply to electricity consumers. 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.
Visiongain's global Electric Power Substation Automation market report can keep you informed and up to date with the developments in the market, across five different regions: North America, Europe, Middle East & Africa, Asia Pacific and Latin America.
With reference to this report, it details the key investments trend in the global market, subdivided by regions, capital expenditure by Type and Module. Through extensive secondary research and interviews with industry experts, visiongain has identified a series of market trends that will impact the Electric Power Substation Automation market over the forecast timeframe.
The report will answer questions such as:
This independent 183-page report guarantees you will remain better informed than your competitors. With 169 tables and figures examining the Electric Power Substation Automation market space, the report gives you a direct, detailed breakdown of the market. PLUS, Capital expenditure by Type and Module from 2018-2028 that will keep your knowledge that one step ahead of your rivals.
This report is essential reading for you or anyone in the Energy sector. Purchasing this report today will help you to recognise those important market opportunities and understand the possibilities there. I look forward to receiving your order.