DUBLIN, December 10, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/bflrpk/global_substation) has announced the addition of the "Global Substation Automation Market 2015-2019" report to their offering.
The global substation automation market to grow at a CAGR of 5.33% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the global substation automation market for the period 2015-2019. To calculate the market size, the report covers the revenue generated from sales of various substation automation products such as monitoring and recording, control and protection, IIDS, and integrated communication equipment.
Global Substation Automation Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Asia, Europe, and North America, It also presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
According to the report, energy loss is evident during the T&D phase between the power generation plants and different distribution networks. In the US, T&D losses amount to 6%-8% of the total electricity transmitted and distributed annually; 2%-3% of these losses are from the points of power distribution. Globally, T&D losses are 15% of the overall power generated.
The T&D losses in the US amounted to 271 billion kWh in 2008 and 280 billion kWh in 2009. In developing countries such as India, T&D losses in 2012 were approximately 17%. Substation automation helps reduce distribution losses that arise from power plants and during power distribution by providing two-way communication. Therefore, the Electric Power Research Institute (EPRI) and the Federal Energy Regulatory Commission (FERC) in the US are making joint efforts to reduce T&D losses in the future by installing substation automation systems.
Further, the report states that the installation of substation automation systems is capital-intensive.
- GE Energy Management
- Schneider Electric
Other prominent vendors
- BPL Global
- Cisco Systems
- Encore Networks
- Grid Net
- Honeywell International
- Infrax Systems
- Open Systems International
- Rockwell Automation
- S&C Electric
- Schweitzer Engg Lab
- Silver Spring Networks
- Subnet Solutions
For more information visit http://www.researchandmarkets.com/research/bflrpk/global_substation
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
SOURCE Research and Markets