Global Automation Substation Market Likely to Grow at over 6% CAGR Through 2022, North America to Lead the Global Market
The global automation substation market is likely to witness steady growth over the forecast period 2017-2022 on account of greater focus on achieving operational efficiency. Automation of substations is crucial for providing two-way communication and create a smart grid, which can reduce transmission losses to a great extent. Governments around the world, especially in China, are focusing on developing smart grids across the country, to boost the electricity supply and transmission to its industries and households. On account of such...
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