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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

d into sub segments. All the segments and sub segments are separately described in the report. Global substation automation market is expected to reach $122.94 billion by 2018, at an estimated CAGR of 5.2% from 2013 to 2018.

The major driving factors for the Substation Automation Market are the grid efficiency & reliability, cost saving, reduction in transmission and distribution loss and others. In the report, different IEDs used in substation automation are discussed like programmable logical controller, digital transducer, digital relays, load tap controller and so on.

This report describes the overall market into four major geographical segments, namely:

  • North America
  • Europe
  • APAC
  • ROW

North America is the market leader in the overall substation automation market; followed by Europe and APAC. In ROW, the Middle East, and Africa are the largest contributors.

The major companies involved in Global substation market, which are also profiled in the report, are ABB (Switzerland), Alstom (France), General Electric (U.S.), Schweitzer Engg Lab (U.S.); Siemens (Germany), Cooper power Systems (U.S.), NovaTech (U.S.) and so on.

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