Substation Automation Market to Exhibit 5.40% CAGR Due to Rising Demand for Distributed Intelligence
Substation automation refers to systems used to control, manage, and protect a power system. It works as an integral part of the overall electric system so as to generate, distribute, and transmit electricity. The major factors that are driving the global substation automation market include the growing demand for distributed intelligence, the rising number of smart grids enhancing grid reliability and efficiency, and growing demand for reduction in distribution and transmission losses. In addition, the growing demand for energy management...
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