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Substation Automation Market Worth US$ 51 Bn by 2023

The global substation automation market is segmented into component, module, communication channel, industry, and region. The component is sub-segmented into recloser controller, capacitor bank controller, smart meter, load tap controller and others.<br><br>Get Complete Report @ https://www.marketresearchfuture.com/reports/substation-automation-market-1016<br><br>

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Substation Automation Market Worth US$ 51 Bn by 2023

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  1. Substation Automation Market is Estimated to Cross US$ 51 Bn by the End of 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

  2. Substation Automation Market Market Overview The global substation automation market is growing rapidly. The increasing demand of distributed intelligence is propelling the market growth of application development. For instance, the companies are investing in substation automation which is widely used for the utility industry. The growing urbanization along with increasing demand of electricity is boosting the demand of substation automation market. These controllers are widely used in the utility industry. The real time automation controller which is boosting the demand of substation automation market. These automation controller are rugged, reliable to use and reduces training and flexible for application. It is integrated with human-machine interface which offer offer comprehensive data visualization. The global substation automation market is segmented into component, module, communication channel, industry, and region. The component is sub-segmented into recloser controller, capacitor bank controller, smart meter, load tap controller and others. The module is sub-segmented into SCADA, intelligent electronic device, communication network and others. The communication channel segment is sub-segmented into Ethernet, copper wire communication, power line communication, optical fiber communication and others. The industry is sub-segmented into utility, transportation, mining, steel, and others. The global market is spanned across North America, Europe, Asia Pacific, and rest of the world. Market Research Future (MRFR) recognizes the following companies as the key players in the global substation automation market: Schneider Electric (France), Siemens AG (Germany), ABB Group (Switzerland), General Electric (U.S.), Tropos Network (U.S.), EATON Corp. (U.S.), Encore Networks (U.S.), Grid Net (U.S.), Cooper Industries (U.S.), Larsen & Toubro Limited (India), Power System Engineering, Inc. (U.S.), Texas Instruments (U.S.), Axiomtek Co. Ltd (Taiwan),Toshiba Corporation (Japan), Ametek (U.S.), SAE IT-systems GmbH & Co. KG (Germany), among others. Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1016 2 www.marketresearchfuture.com

  3. Substation Automation Market According to the Market Research Future Analysis, the global substation automation market is expected to reach USD ~51 Billion by the end of the forecast period at a CAGR of ~9%. Global Substation Automation Market Market Research Analysis: The global substation automation market consists of the North America, Europe, Asia Pacific, and Rest of the world. North America is dominating the global substation automation market. The substation automation market is witnessing the high growth due to increasing demand for advanced metering infrastructure among various industries including utility, transportation, mining, steel, and among others. Europe is projected to hold the second largest share of the global substation automation market during the forecast period due to increasing demand of reducing time of transmission substations. Asia Pacific is expected to witness the highest CAGR in the coming years. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Get Complete Report @ https://www.marketresearchfuture.com/reports/substation-automation-market-1016 3 www.marketresearchfuture.com

  4. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous- Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. 4 www.marketresearchfuture.com

  5. THANK YOU MARKET RESEARCH FUTURE salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) 5 www.marketresearchfuture.com

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