|[October 03, 2013]
Research and Markets: Substation Automation Market - 2013 Report
DUBLIN --(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
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
- ABB Group
- GE Co.
- Honeywell (News - Alert) International
- Rockwell Automation
- Schneider Electric
- BPL Global
- Cisco (News - Alert) Systems
- Echelon Corp.
- Elster Group
- Itron Inc.
- Open Systems (News - Alert) International .
- Silver Spring Networks
- Subnet Solutions
- Trilliant (News - Alert)
- Tropos Networks
For more information visit http://www.researchandmarkets.com/research/k7dhk4/global_substation
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