The report identifies rising investments in smart grid projects as one of the major factors driving the growth of the market. In addition, The upgrading of transmission grids and substations during the forecast period will further boost the market demand. However, interoperability issues may impede market growth.
The Substation Wide Area Monitoring System Market is segmented by Solution (communication network, services, and hardware and software) and Geography (North America, APAC, Europe, South America, and MEA). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The substation wide area monitoring system market covers the following areas:
Substation Wide Area Monitoring System Market Sizing
Substation Wide Area Monitoring System Market Forecast
Substation Wide Area Monitoring System Market Analysis
Companies Mentioned
- ABB Ltd.
- Electric Power Group LLC
- General Electric Co.
- KEPCO KDN
- NR Electric Co. Ltd.
- Schneider Electric SE
- Schweitzer Engineering Laboratories Inc.
- Siemens AG
- Studio Elektronike d.o.o. Rijeka
- Vizimax Inc.
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Substation Wide Area Monitoring System Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 22.04% |
Market growth 2021-2025 |
USD 338.88 million |
Market structure |
Fragmented |
YoY growth (%) |
34.14 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., Electric Power Group LLC, General Electric Co., KEPCO KDN, NR Electric Co. Ltd., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Siemens AG, Studio Elektronike d.o.o. Rijeka, and Vizimax Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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