Electric Power Substation Automation : Market Major Segments are automation stage, type, applications and region
Deerfield Beach, FL -- (SBWIRE) -- 09/06/2017 -- Electric power sub station automation is a revolution for the management of networks. The substation is a base for some of the most important functions of the utility and is a part of the electrical generation, transmission, and distribution system. Electric power sub station automation is a combination of numerous control and data acquisition functions on an automated platform with a minimum number of units to augment the reliability and thereby reducing the cost of operation of the substation automation system.
Electric power sub station automation is one of the major developments in a substation technology and also a leading aspect of the smart grid revolution. Electric power substation deals with the generation, transmission, and distribution of electricity. Substation automation increases the level of convenience of operations, as it enables an electric utility to remotely monitor, control and coordinate the distribution component installed in the substation.
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The electric power sub station automation market is mainly driven by the rising demand of smart grid solution. Demand for electric power sub station automation increases due to the advancement in smart grid technology. However, some factors such as shortage of skilled workforce and high investment cost are expected to hamper the growth of electric power sub station automation industry.
The study segments the global electric power sub station automation market on the basis of the module, automation stage, type, applications and regional segment. The different module includes in electric power sub station automation markets such as hardware, communication network technology, and SCADA. The automation stage segment of electric power sub station automation market is categorized into retrofit and new construction automation stage. Transmission, distribution, and collector substation are the types of the electric power substation. Based on application, electric power substation automation market is segmented into utilities and industry.
Major regional segments analyzed in this study include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, further bifurcation of the region on the country level, which includes U.S., Germany, UK, France, China, Japan, and India. Asia Pacific dominated electric power sub station automation market owing to rising number of smart grid projects in this region.
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Some of the key players in electric power sub station automation include Schneider Electric, ABB Ltd., Eaton Corporation, Siemens AG, Alstom S.A, CISCO Systems (U.S), Amperion (U.S), and Ingeteam.
This report segments the global electric power sub station automation market as follows:
Global Electric Power Substation Automation Market: Module Segment Analysis
Communication Network Technology
Global Electric Power Substation Automation Market: Automation Stage Segment Analysis
New construction automation stage
Global Electric Power Substation Automation Market: Type Segment Analysis
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Global Electric Power Substation Automation Market: Application Segment Analysis
Global Electric Power Substation Automation Market: Regional Segment Analysis
Middle East & Africa
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