Substation Automation Market 2023: Market Trends, Emerging Opportunities and Key Vendors

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Market Research Future
Global Substation Automation Market Research
Report - Forecast to 2023
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. 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. https//www.marketresearchfutu
re.com/reports/substation-automation-market-1016
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Market Research Future
Regional 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. Access Full Report _at_
https//www.marketresearchfuture.com/reports/subst
ation-automation-market-1016
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Market Research Future

• Market Segments
• 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.
• Request a Sample Report _at_ https//www.marketresear
  chfuture.com/sample_request/1016

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Market Research Future
Major Players in this Research Some of the
prominent players in the global substation
automation market are 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.), Cisco Systems,
Inc. (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 More Information
_at_ https//www.marketresearchfuture.com/press-relea
se/substation-automation-industry
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Market Research Future
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Future (MRFR), we enable our customers to unravel
the complexity of various industries through our
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