Substation Automation Market to Reach US$ 142,900 Mn by 2022Posted by Pradnya Kulkarni on November 27th, 2017 Substation automation is an important and an integral part of smart grid rollout. In the process of substation automation, a number of intelligent electronic devices are used in order to reduce the transmission and distribution losses while the electricity is being transferred from the grid. As a result of substation automation, the grid efficiency is increased, the security of the grid is also increased due to the enabling of two way communication, reliable power output is ensured without outages, and the reduction in costs of operating the substations, resulting in both the saving of electricity and money. Hence, the substation automation is a greatly beneficial automation process that helps in efficient and cost effective distribution of electricity. The global substation automation market is slated to touch a value of about US$ 142,900 Mn in the year 2022 and display a robust CAGR during the assessment period. 4 Forecast Highlights on Global Substation Automation Market
The report has also included the profiles of some of the leading companies in the substation automation market like Echelon Corporation, Encore Networks, Inc., ABB Limited, General Electric Company, Cisco Systems, Inc., NovaTech LLC, Schneider Electric SE, Alstom SA, Eaton Corporation Plc and Siemens AG. Buy Substation Automation Market Research Report@ https://www.futuremarketinsights.com/checkout/5190 Like it? Share it!More by this author |