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Substation Automation Market is Expected to Reach $122.94 Billion by 2018, at an Estimated CAGR of 5.2% from 2013 to 2018 – New Report by MarketsandMarkets
Date:6/12/2013

(PRWEB) June 12, 2013

According to a new market research report of "Substation Automation Market (2013 - 2018) By Components – IEDS (Digital Relays, Smart meters, Recloser Controller, Capacitor Bank Controller) & Communication Technology (Optical Fiber, PLC, Copper Wire, Ethernet), SCADA & Geography," published by MarketsandMarkets is expected to grow at a CAGR of 5.2% from 2013 to 2018 and reach $122.94 billion in 2018.

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  • 91 Market Data Tables
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  • 258 Pages and In-depth Table of Content on “Substation Automation Market”

http://www.marketsandmarkets.com/Market-Reports/substation-automation-market-1118.html

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Substation Automation is an integration of various protections, control and data acquisition functions on an automated platform with minimal number of units to reduce the operating costs, lessen the control panel and room space, and to eliminate redundant equipment. The automation functions and applications ranging from supervisory control and data acquisition (SCADA) and alarm processing to integrated voltage variation control, metering to record information generated by substation devices in order to optimize the management of assets and enhance operation and maintenance efficiencies with minimal human intervention. IEDs are consider to be the key component of substation automation; it helps in improving operational efficiencies and reliability and gives more scope for enhancing predictive maintenance and planning.

The overall substation automation market is segmented into four major segments namely: IEDs, communication technology and SCADA and geography. All the major segments are further segmente
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