Dallas, TX -- (SBWIRE) -- 12/04/2014 -- According to a new market research report of "Substation Automation and Integration Market By Components - IEDS (RTU, PLC, Digital Protection Relay, Smart Meters), Communication Technology (Optical Fiber, PLC, Copper Wire, Ethernet), SCADA & Geography (2013 - 2018)",published by MarketsandMarkets is expected to grow at a CAGR of 5.2% from 2013 to 2018 and reach $122.94 billion in 2018.

Browse 92 market data tables with 25 figures spread through 272 pages and in-depth TOC on Substation Automation and Integration Market By Components - IEDS (RTU, PLC, Digital Protection Relay, Smart Meters), Communication Technology (Optical Fiber, PLC, Copper Wire, Ethernet), SCADA & Geography (2013 - 2018)
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The report covers the company profiles of various important companies in the market with detailed information about acquisitions, mergers, new product launch, agreements and so on. The major companies involved in global substation automation market are ABB (Switzerland), Alstom (France), General Electric (U.S.), Schweitzer Engg Lab (U.S.); Siemens (Germany), Cooper power Systems (U.S.), NovaTech (U.S.) and so on.

Scope of the report

This research report categorizes the global substation automation market on the basis of components, communication networks & technology, substation types and SCADA for substation automation. It also covers the forecast revenue from 2013 to 2018 for the overall market as well as for all the segments covered in the report. It describes the deployments of substation automation in different regions with their market shares.

On the basis of IEDs

The global substation automation market is segmented on the basis of IEDs such as digital protection relays, RTUs, logical programmable controller, digital transducers, recloser controls, capacitor bank controls, and voltage controls.

On the basis of communication networks

The global substation automation market on the basis of communication networks that comprise copper wire communication, fibre optic communication, ethernet (copper or optic fibre) communication and Power line communication (PLC).

Substation automation is majorly driven by the Intelligent Electronic Devices (IEDs) that provide enormous barrier-less monitoring and control functions across the substation. Also, the communication networks that are used to control the substation devices and for transferring data, carry high growth rates pertaining to the emergence of new and advanced technologies and their significance in automation. IEDs such as digital transducers/smart meters and communication gateways have the highest demand in the market, currently, pertaining to the high development of these technologies and the growing communication standards.

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Power Line Communication (PLC) is expected to be the next big thing in substation automation, especially, for the communication from substation to substation. PLC has been proved more efficient and reliable over the traditionally used copper wire communication. Also, fibre optic communication is seen as a major replacement for the old communication networks in retrofit automation projects; it is more preferred for long distance communication pertaining to its reliability.

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