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Substation Automation and Integration Market Worth $122.94 Billion by 2018 - New Report by MarketsandMarkets
Date:11/5/2013

(PRWEB) November 05, 2013

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

Browse 92 market data tables with 25 figures spread through 272 pages and in-depth TOC on Substation Automation and Integration Market:
http://www.marketsandmarkets.com/Market-Reports/substation-automation-market-1118.html

Early buyers will receive 10% customization on this report.

Substation automation has become an essential need for power companies and utilities pertaining to the growing demand of energy globally. Substation automation market is seen to be growing substantially; it inculcates advanced communication and control technologies. This market is driven by various factors with grid efficiency being its major driver as the government regulations and cost saving prepositions is propelling utilities to deploy automation.

The report covers the present market scenario and forecast market in revenue by considering all the factors and stakeholders affecting the substation automation. The report covers the transmission and distribution automation which are the main types of substation automation. The transmission automation is leading this market; the reason being its critical components and high cost equipment in the transmission substations that need automation for reducing transmission losses and increasing transmission efficiency.

The major driving factors for the substation automation market are the grid ef
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