Electric Power Substation Automation Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast : 2021

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  • Transparency Market Research

    Electric Power Substation Automation Market -Global Industry Analysis, Size, Share, Growth,

    Trends and Forecast 2015 - 2021

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  • Electric power substation automation is the unification of different data and control acquisition functions within an automated platform. The

    electric power substation automation has evolved the process of substation control and the way important information monitoring. The major

    components of electric power substation automation market are digital relays, programmable logic controllers, digital transducers and capacitor

    bank controllers among others.

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    The Electric Power Substation Automation Market is primarily driven by the increasing demand for electric power substation automation in smart

    grid and technological advancement. Apart from this obsolete energy infrastructure is an important driver in this market. The electric power

    substation market is governed by the IED (Intelligent Electronic Devices and the automation components like RTUs, digital protection relays,

    logical programmable controllers, digital transducers and voltage controls. The electric power substation needs has increased in order to reduce

    the number of units and to lessen the complexity to increase the reliability and also to reduce the cost of operation in the electric power

    substation automation market. IEDs are the key component of electric power substation automation that helps to improve the operational

    efficiencies and reliability.

    The major restraints in Electric Power Substation Automation Market are absence of proper technical standards, concern for cyber security, lack

    of skilled workforce and also huge initial capital investment. The automation of electric power substation increases the risk of security. The

    reason is that electric power substation is going to be controlled by the computer system, so cyber security has to be increased. Apart from this,

    with the automation in the electric power substation need of skilled workforce is required. The availability of skilled workforce is less compared

    to the rapid automation in the electric power substation automation market. Moreover, absence of proper technical standards is also one of the

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  • major restraints among others. Absence of technical standards in the sense no proper norms or regulations are available in the Electric Power

    Substation Automation Market which acts as a hindrance for this market. Huge capital requirement is also one of the major restraints in the

    Electric Power Substation Automation Market. The capital required in this market is more than the benefits that is achieved after automation in

    the electric power substation.

    The major opportunity of Electric Power Substation Automation Market is operational efficiencies. With the automation of the electric power

    substation, the operation is expected to be done efficiently. The data acquisition, supervision and control become easier with the automation. In

    addition, operating cost is reduced in the Electric Power Substation Automation Market which also acts as an opportunity in this market.

    The Electric Power Substation Automation Market has been categorized based on their types: transmission, collector substation and distribution.

    The Electric Power Substation Automation Market has been geographical segmented into four regions: North America, Europe, Asia-Pacific and

    RoW. In 2014, APAC has the largest market size for the Electric Power Substation Automation Market that is driven by the continuing

    electrification and increasing number of smart grid projects.

    Some of the key players in the Electric Power Substation Automation Market are ABB Ltd., Siemens AG, Alstom S.A, Eaton Corporation, Schneider

    Electric, CISCO Systems (U.S), Amperion (U.S), and Ingeteam among others.

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    This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies

    analyzed under this research report include

    -North America

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  • -Asia Pacific

    -Europe

    -Middle East and Africa

    -Latin America

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