Substation Monitoring System Market Analysis, Trends, Forecast, 2018 to 2028Posted by ankush Nikam on October 10th, 2019 Substation Monitoring System Market: Definition and Introduction Substation monitoring system refers to an ecosystem consisting of hardware and software components that is used to monitor substation equipment, such as transformers, switching devices, and circuit breakers, among others. Substation monitoring system is used across transmission and distribution substations to collect real time data of individual equipment as the entire operational status of the substation. This data monitoring carried out by the substation monitoring system helps to identify the faults, trips, or breakages in the substation equipment, enabling quick response to tackle any such event. Substation monitoring system helps with the protection and reliable operation of substation equipment. The specifications of a substation monitoring system are highly variable, depending on the type of substation, voltage levels, load capacity, grid integration and many other technical parameters. Substation monitoring system may be installed in a given substation on a standalone basis, or often integrated as part of a wider substation automation system. In view of the criticality of their application, a wide range of regulations and standards govern the specification, design, engineering and application of substation monitoring system, both for hardware and software components. Providers of substation monitoring system widely use standards and protocols determined by the International Electrotechnical Commission (IEC) on an international scale, along with the other regional standards that may apply in specific territories. Considering these aspects of the substation monitoring system, the study of the trends and forecasts of the substation monitoring system market becomes an important read. Substation Monitoring System Market: Segmentation On the basis of component, the substation monitoring system market can be segmented as:
Request Sample Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=2859 On the basis of communication type, the substation monitoring system market can be segmented as:
On the basis of substation type, the substation monitoring system market can be segmented as:
On the basis of end user, the substation monitoring system market can be segmented as:
Substation Monitoring System Market: Regional Outlook The demand for substation monitoring system is projected to grow at a good pace in the next five to ten years owing to increasing spending by power system operators on automation, monitoring and control systems for substation applications. Asia Pacific is expected to be a dominant regional market for substation monitoring system, on the back of large-scale power capacity additions, especially in the fast-growing economies of the region such as India, China and Southeast Asian countries. Power infrastructure addition will include the expansion of transmission and distribution lines, addition for substations and related systems, which is expected to contribute to the growth of the substation monitoring system market. Europe and North America are also expected to be the key regional markets for substation monitoring system with growing need of equipment and system upgrades to replace ageing infrastructure. The Middle East & Africa, with increasing power infrastructure investments, will also be important region for generating new opportunities for manufacturers. Substation Monitoring System Market: Participants Examples of some of the market participants identified in the substation monitoring system market include:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry. The report covers exhaustive analysis on:
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Report Highlights:
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