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...