Research & Markets: Global Electric Power Substation Automation Market Report 2015-2020 - Market is Expected to Reach $48.25 ...
28 April 2015 - 8:08PM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/6dq3nx/electric_power)
has announced the addition of the "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" report to their offering.
The growth of the electric power substation automation market is
expected to be remarkable, with the revenue expected to reach
$48.25 billion by 2020, at an estimated CAGR of 6.71% between 2013
and 2020.
Substation automation is an integration of various protections,
control and data acquisition functions on an automated platform
with minimal number of units to reduce the operating costs, lessen
the control panel and room space, and to eliminate redundant
equipment. Intelligent Electronic Devices (IEDs) are the most
important part of the substation automation and form a major chunk
of its market.
The key end user included in the report refers to utilities and
industries. The utilities which held -85% share are expected to be
the largest contributor to the overall market. Electric power
substation automation is incomplete without communication
technology as all the IEDs and monitoring devices that are located
at the substation and on the field are interfaced using
communication technology. Optical fiber communication is gaining
popularity as it has many advantages over conventional copper wire
communication such as lower attenuation and interference. Cyber
security is currently the major concern in this market. With the
advancement in communication technologies, the safety of critical
data is also increasingly at risk.
The electric power substation automation market is also
segmented on the basis of the stages of automation, which includes
retrofit and new construction. The report covers the markets for
geographical regions comprising North America, Europe,
Asia-Pacific, and rest of the world (RoW). In 2014, APAC was the
largest geography in terms of market size for the electric power
substation automation market, driven by the increasing number of
smart grid projects and continuing electrification across this
region.
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 Engineering
Laboratories (U.S.), and others.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Cover Story
4 Executive Summary
5 Premium Insights
6 Market Overview
7 Industry Trends
8 Market, By Module
9 Market, By Type
10 Market, By Automation Stage
11 Market, By End-User Type
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
- ABB Ltd.
- Alstom SA
- Amperion, Inc.
- Cisco Systems, Inc.
- Eaton Corporation
- General Electric
- Honeywell International, Inc.
- Ingeteam, S.A.
- Schneider Electric SE
- Schweitzer Engineering Laboratories
- Siemens AG
For more information visit
http://www.researchandmarkets.com/research/6dq3nx/electric_power
Research and MarketsLaura Wood, Senior
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Office Hours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside
U.S.): +353-1-481-1716Sector: Power, Electrical Engineering