Forecast 2017 – 2025 : Substation Monitoring System Market - Global Industry Analysis, Size, Share, Growth, Trends
Press Release - 09
May2018
Global
Research and Development News
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"Substation
Monitoring System Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2017 - 2025"
with coming years Industries Trends, projections of Global Growth,
Major key player and Case study, Review, Share, Size, Effect.
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Monitoring
of substations has become an essential task currently, in order to
ensure consistent power supply to end-users. Transmission and
distribution substations supply electric power to different loads
depending on the end-users and voltage levels. There are different
monitoring methods, which include wired and wireless technologies,
while wireless communication technologies include GPRS, GSM, and
Ethernet. Substation monitoring systems monitorsspecified parameters
such as current, frequency, voltage, current, temperature, and power
factor. Substation monitoring system consist of various equipment
such as circuit breaker, transformer, relays, APFC panels, etc. The
substation monitoring system consists of three main units, namely,
data processing and transmitter unit, load and measurement system,
and receiver and PC display unit. Substation monitoring system are
widely used in the market for increased reliability, operational
advantages and economic benefits. The substation monitoring system is
a crucial element of global and national infrastructure. Furthermore,
when these systems breakdown, they lead to a high impact on national
security and economy.
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The main
factors driving the substation monitoring system market is the
development strategies implemented by the players operating in
the substation monitoring system market, such as agreements,
contracts, product launches and developments, partnerships, and
expansions. Moreover, the increasing demand for reduced distribution
and transmission losses in developing countries such as India is
propelling the substation monitoring system market. Aging
infrastructure, need for increasing the government support for
optimum electricity utilization, continuously improving IoT-based
communication network and development of the IEC 61850 standard to
allow interoperability between IEDs are also driving the market.
However, major restraints of the market include heavy initial capital
expenditure for installations of sensor (wireless) networks and
continuously increasing cost of installation of IEDs in substations.
The substation monitoring system market can be
segmented based on component, communication technology, end-use
sector, industry, and geographic regions. Based on component, the
market can be classified into hardware and software components. The
hardware segment can be further sub-segmented into distribution
network feeders, microcontrollers, smart sensors, cameras, and
intelligent electronic devices (IEDs). The intelligent electronic
devices (IEDs) sub-segment can be further split into relay devices,
transformers, circuit breakers, switches, and controllers.
The software t segment can be further
sub-segmented into production management, asset management, and
performance management. In terms of communication technology, the
substation monitoring system market can be segregated into wired and
wireless technologies. The wired technology segment can be further
classified into profibus and Ethernet. The wireless technology
segment can be further sub-segmented into cellular, wireless LAN, and
zigBee. Based on sector, the market can be segmented into
transmission and distribution. In terms of industry, the substation
monitoring system market can be segregated into steel, oil & gas,
transportation, and mining. Based on geographic region, the
substation monitoring system market can be segmented into North
America, Europe, Asia Pacific, South America, and Middle East &
Africa. Asia Pacific is expected to dominate the substation
monitoring system market due to the rising demand for reduction in
transmission and distribution losses in developing countries such as
India and government initiatives taken for electric monitoring
systems in such countries.
Key players operating in the global substation
monitoring system market include ABB, Siemens, Cadillac Automation
and Controls, Cisco, Schneider Electric, Emerson Electric, Honeywell,
General Electric, Eaton, Schweitzer Engineering Laboratories,
Crompton Greaves, Novatech, Schweitzer Engineering Laboratories, and
Sentient Energy. These players are vigorously involved in organic and
inorganic growth strategies in order to gain competitive advantage in
the market. Partnerships, collaborations, agreements, and new product
launches are some of the vital strategies followed by them.
The report offers a comprehensive evaluation of
the market. It does so via in-depth qualitative insights, historical
data, and verifiable projections about market size. The projections
featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report
serves as a repository of analysis and information for every facet of
the market, including but not limited to: Regional markets,
technology, types, and applications.
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The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
– More
Clear Details get Table of
Contents_https://www.researchmoz.us/substation-monitoring-system-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2025-report.html#table-of-content
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive
primary research (through interviews, surveys, and observations of
seasoned analysts) and secondary research (which entails reputable
paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative
assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value
chain.
A separate analysis of prevailing trends in the
parent market, macro- and micro-economic indicators, and regulations
and mandates is included under the purview of the study. By doing so,
the report projects the attractiveness of each major segment over the
forecast period.
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Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Continue.....
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