Dallas, TX -- (SBWIRE) -- 05/18/2015 -- According to a new market research report "Electric Power Substation Automation Market by components (IED, RTU, PLC, BCU), SCADA, Communication (Wired, Wireless), type (Transmission, Distribution), End-user (Utility, Industries), Stage (Retrofit, New) & Geography - Global Forecast to 2020", the total market was valued at $29.49 Million in 2013 and is expected to reach $48.25 Billion by 2020, at an estimated CAGR of 6.71% between 2014 and 2020.

The key drivers propelling the growth of the market are the increasing demand for electric power substation automation in smart grid and technological advancement. This market in the report has been categorized on the basis of types, namely, transmission, distribution, and collector substation. The distribution substation accounted for the maximum share of about 51.40% of the total electric power substation automation market as of 2014.

Browse 85 market data Tables and 69 Figures spread through 205 Pages and in-depth TOC on "Electric Power Substation Automation Market".

Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=208537744

Early buyers will receive 10% customization on this report.

Electric power substation automation is a combination of several control and data acquisition functions on an automated platform with a minimal number of units and complexity to increase the reliability and reduce the cost of operation of the substation automation system.

The report also covers the key technologies of the electric power substation automation market, which include both wired and wireless type of communications including power line communication, leased line, fiber optic, ethernet, VSAT & satellite communication, mobile networks, microwave, and radio. Among all, the wired communication is expected to be the largest contributor to the overall electric power substation automation market.

The Electric Power Substation Automation Market for different geographic regions, including North America, Europe, Asia-Pacific, and the rest of the world (RoW), has also been covered in the report.

Get the copy of Report @ http://www.marketsandmarkets.com/Market-Reports/electric-power-substation-automation-integration-market-208537744.html

The report profiles the promising major players with a SWOT analysis of the key players in the electric power substation automation market. The market witnessed a series of new product launch announcements and partnerships across the value chain. The key players in this industry include ABB Ltd. (Switzerland), Siemens AG (Germany), Alstom S.A. (France), General Electric (U.S.), Eaton Corporation (Ireland), Schweitzer Engg Lab (U.S.), Cisco Systems (U.S.), Amperion (U.S.), Schneider Electric (France), and Ingeteam (Spain).

Browse related reports

HVDC Transmission Market - Forecast Analysis to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/hvdc-grid-market-1225.html

Microgrid Market - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/micro-grid-electronics-market-917.html

About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Semiconductor & Electronic @http://www.marketsandmarkets.com/Subscription.html

Contact:
Mr. Rohan
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: 888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn http://www.linkedin.com/company/marketsandmarkets