Electric power substation automation market global forecast by 2020

Source: PR News Wire

By Aaron Hurd

Jul 27, 2015

The electric power substation automation has completely transformed the way substations are controlled and critical information is gathered. The global electric power substation automation market is majorly governed by the automation components and Intelligent Electronic Devices (IEDs) such as digital protection relays, RTUs, logical programmable controllers, digital transducers, recloser controls, capacitor bank controls and voltage controls. The report covers the major communication technologies used for substation automation which have the maximum potential to drive this market with respect to the developments in advanced communication technologies.

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. The electric power substation automation uses communication technology and IEDs to monitor devices which are located at the substation to the remotely located utility data center. This report also describes the wireless communication technologies such as RF Mesh and Zigbee which have the potential to enter this market in future. 

This report is based on an extensive research study of the electric power substation market and aims at identifying the entire market and all its sub-segments through extensively detailed classifications. The demand for the substation automation is expected to gain significant growth and importance among the industry players across various verticals. 

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