Substation Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020

Transparency Market

Research

Substation Automation Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast, 2014 – 2020

Published Date

2014-07-22

89 Page Report

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Press Release

Substation Automation Market: Asia Pacific to Witness Fastest

Growth, Global Market to Reach US$139.34 billion by 2020

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Substation Automation Market

REPORT DESCRIPTION

According to a recent market research report released by Transparency Market Research, the global

substation automation market is expected to grow positively at a CAGR of 5.4% during the period between

2014 and 2020. The report, titled “Substation Automation Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast, 2014 - 2020”, has projected the valuation of the worldwide substation

automation market by the end of the forecast horizon. The market was worth US$96.52 billion in 2013 and

is estimated to be valued at US$139.34 billion by 2020.Substation automation can be defined as a system

to manage, control, and protect a power system. It serves as an integral part of the electrical system to

generate, transmit, and distribute electricity. The report points out that the increasing number of smart

grids improving grid efficiency and reliability has propelled the growth of the global substation automation

market. Increasing demand for reduction in transmission and distribution losses, demand for distributed

intelligence, and the need to upgrade the ageing infrastructure of existing power utilities are expected to

drive the overall market during the forecast period.

Browse the full Substation Automation Market report at

http://www.transparencymarketresearch.com/substation-automation-market.html

However, the report points out that the dearth of technical expertise will negatively affect the...