Research and Markets: Global Electric Power Substation Automation Market Report 2015-2020 – Market is Expected to Reach $48.25 Bn with ABB, Siemens, Alstom, General Electric, Eaton & Schweitzer Engineering Laboratories Dominating
By Business Wire News
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:
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
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Sector: Power, Electrical Engineering