Substation Monitoring Market Financial Outlet, Company Overview and Projection up to 2025
Substation monitoring systems are able to provide valuable insights on the functioning of transmission and distribution network in an electrical grid. It can support remote monitoring amid the rapid automation of processes and lower maintenance expenses. The global subsea monitoring market report by Market Research Future (MRFR) covers drivers and challenges to be faced by the industry for the period of 2017 to 2023 (forecast period). The COVID-19 outbreak and its implications on the market are noted in the report in full detail.
Market Scope
The global substation monitoring market is expected to accrue huge revenues at 8.50% CAGR over the forecast period. Improvements in IoT architecture, replacement of legacy infrastructure, and development of interoperability standards are factors driving market demand during the forecast period.
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Segmentation
The global substation monitoring market has been segmented by component, communication technology, sector, and industry.
- By component, it is segmented into hardware, distribution network feeders, and software.
- By communication technology, it is divided into wired and wireless. The former is further segmented into Ethernet, fiber optic, and PROFIBUS, while the latter is segmented into cellular technology, ZigBee, and Wi-Fi.
- By sector, it is divided into distribution and transmission.
- Based on industries, the market has been classified into oil & gas, mining, utility, steel, transportation, and others. Utility segment is leading the market owing to the increasing implementation of substation monitoring system for reduction in transmission and distribution losses as well as ageing infrastructure of electric substations.
Competitive Outlook
- Cisco
- Emerson Electric
- Cadillac Automation and Controls
- Eaton
- Sentient Energy
- Schneider Electric
- Crompton Greaves
- Emerson Electric
- Igrid T&D
- Tekvel
- General Electric
- Novatech
- Siemens AG
- Schweitzer Engineering Laboratories
- ABB Ltd.
- Honeywell
- I-TOR
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
Continued…
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Global Substation Monitoring System Market Report 2020 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Substation Monitoring System industry. The key insights of the report:
ReplyDelete1.The report provides key statistics on the market status of the Substation Monitoring System manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2020-2025 market development trends of Substation Monitoring System industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Substation Monitoring System Industry before evaluating its feasibility.