Substation Monitoring System Market Is Expected to Gain Momentum to 2024: GE, Cisco, Crompton Greaves, Honeywell, Eaton and 10 Other Companies Profiled
Based on the component, the substation monitoring system market is segmented into hardware and software. The hardware market accounted for the majority of the industry share and will gain a considerable share owing to its implementation in mining, steel, oil & gas, and transportation industries. Hardware components, such as microcontrollers, smart sensors, IEDs, cameras, distribution network feeders, and smart sensors, are being built in the electrical substations and they help in the collection of real-time data, thereby providing an uninterrupted...
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