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"While the developed markets will focus on advanced substation automation solutions with interoperability features, emerging countries in Asia-Pacific and Africa will shift from basic to mid-tier automation solutions," said Frost & Sullivan Energy & Environment Industry Analyst Rajalingam AC. "Increasingly, vendors in the smart grid space are offering highly interoperable, modular systems to minimize the integration complexity in the substation."
Advances in technology notwithstanding, the conservative utility sector has been reluctant to invest in the high-priced automation solutions. This is mainly due to the large installed base of legacy systems, particularly of supervisory control and data acquisition (SCADA) and energy management systems (EMS).
"Still, the rise of 5G as the next generation of mobile technology for smart grid connectivity will prompt utilities to deploy 5G systems," noted Rajalingam. "Already, major countries have initiated plans to identify the specifications needed for the successful commercialization of 5G."
Overall, Tier 1 participants will dominate the market over the next five years and try to acquire companies that complement their product and solution offerings.
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SOURCE Frost & Sullivan