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Research and Markets: Substation Automation Market - 2013 ReportDUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/k7dhk4/global_substation) has announced the addition of the Substation Automation Market - 2013 Report report to their offering. Global Substation Automation Market To Grow At A CAGR Of 4.15 Percent Over The Period 2012-2016 This report has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the Global Substation Automation market in Asia, North America, and Europe. It also covers the Global Substation Automation market landscape and its growth prospects in the coming years. A discussion of the key vendors operating in this market is also included. Commenting on the report, an analyst from the researchers' team said: Since 2009, governments in various countries across the globe have introduced and implemented numerous grants and policies that favor the Substation Automation sector. This is a trend that has had a major positive impact on the Global Substation Automation market. For instance, in Canada, governmental initiatives such as the Ontario smart grid initiatives, the Independent Electricity System Operator, and the Hydro-Quebec Plan encourage substation automation through current and upcoming projects. In the US, the American Recovery and Reinvestment Act of 2009 provide numerous substation automation and smart grid grants. Various other government initiatves and organizations include the North American Electric Reliability Corporation and critical infrastructure protection guidelines. Additionally, the emergence of mandatory cyber security defenses introduced by various US and Canada federal entities for the period of 2012-2016 will make the Substation Automation Communication segment stronger globally. According to the report, one of the major drivers in this market is the need to reduce T&D losses. Substation automation helps power utility operators detect T&D losses accurately and on time, thus helping them rectify problems faster than was possible before. Moreover, as T&D losses in various regions across the globe have increased over the past few years, and installation of substation automation systems is required to help reduce such losses. This drives the growth of the Global Substation Automation market. Further, the report states that one of the major challenges in this market is the increased vulnerability to cyber-attacks. As substation automation requires the incorporation of sophisticated technologies and networks into electric power grids, they become vulnerable to cyber-attacks and viruses. This puts the security of customer data at stake; therefore, power utilities may be reluctant to opt for automation. This hinders the growth of the market. Key Topics Covered 1. Executive Summary 2. List of Abbreviations 3. Introduction 4. Market Research Methodology 5. Scope of the Report 6. Market Landscape 7. Geographical Segmentation 8. Vendor Landscape 9. Buying Criteria 10. Market Growth Drivers 11. Drivers and their Impact 12. Market Challenges 13. Impact of Drivers and Challenges 14. Market Trends 15. Key Vendor Analysis 16. Other Reports in this Series Companies Mentioned - ABB Group - GE Co. - Honeywell (News - Alert) International - Invensys - Rockwell Automation - Schneider Electric - Siemens - BPL Global - Cisco (News - Alert) Systems - Echelon Corp. - Elster Group - Iskraemeco - Itron Inc. - Landis+Gyr - NovaTech - Open Systems (News - Alert) International . - RuggedCom - Sensus - Silver Spring Networks - Subnet Solutions - Tropos Networks For more information visit http://www.researchandmarkets.com/research/k7dhk4/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. |
