(PR Web Via Acquire Media NewsEdge) (PRWEB) October 14, 2013
According to a new market research report, “Teleprotection Market - By Product Type (Teleprotection Units, Communication Network Technology, Software, Services), Components (IED, Interface Device, SCADA), Applications (Power, Telecom) and Geography - Analysis & Forecast (2013–2018)”, the teleprotection market is expected to grow at an estimated CAGR of 28.67% from 2013 to 2018 which includes in-depth segmentation of products, components and application and geography.
Teleprotection market is in its early stage however contains a great potential across so many industry verticals such as power sector, telecom, oil & gas, transportation, information technology, aerospace & defense and so on.
The increasing demand of energy saving and seamless transmission will boost the market in the days to come with the help of advanced communication and network technologies. The Diverse new product requirements in Military, Aerospace & Defense and information technology sectors and Integration with Intelligent and advanced communication technologies would be the captivating essentials for new entrants as well as winning opportunities for the established players.
This report describes the market trends, drivers, and challenges with respect to the teleprotection market and forecasts the market to 2018, based on product, components, applications, and geography. This global report gives a bird’s eye-view of the market across geographies - North America, Europe, Asia-Pacific, and ROW (Rest of the World).
North America is the largest geography in terms of teleprotection market value. APAC has been identified as the fastest growing region, with China and Japan leading the way. Europe and ROW are also promising markets, with Germany and the U.K. in Europe, and the Middle-East and Latin America in ROW providing impetus to the growth. The report profiles 22 promising players in the teleprotection market ecosystem.
The competitive landscape of the market presents a very interesting picture, where large number of small players has become a force to reckon with. The market is witnessing large scale collaboration and partnership across the value chain with number of tier-one players around the globe.
Major players in this teleprotection market include ABB Ltd. (Switzerland), Alcatel Lucent S.A. (France), Alstom S.A. (France), Cisco Systems (U.S.), DNV Kema (The Netherlands), GE Energy (U.S.), Nokia (Finland), Telco systems (U.S.), Siemens AG (Germany), Schweitzer Engineering Laboratories, Inc. (U.S.) and so on.
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