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Substation Automation and Integration Market IEDS (Digital Relays, Smart meters, Recloser Controller, Capacitor Bank Controller) - Key Revenue Pocekts
Substation automation market is expected to gain momentum in the APAC region owing to its growing energy demands, and due to the upcoming high power generation projects in countries such as China and India. In the Asia-Pacific region, the prospect of volume growth is importantly driven by the modernization in Australia and electrification projects in most of the Eastern Asian countries and the restructuring of Japanese grid after the tsunami.
Currently, the major substation automation market lies in developed countries such as the U.S., Canada, Australia, and some parts of Europe. These markets have reached a stability level, and have comparatively lesser scope for new automation deployments. The most prominent driver in this region is the aging energy infrastructure and increasing influence of smart grid infrastructure that demands multifunctional solutions that comply with advanced communication protocols.
Substation automation is majorly driven by the Intelligent Electronic Devices (IEDs) that provide enormous barrier-less monitoring and control functions across the substation. Also, the communication networks that are used to control the substation devices and for transferring data, carry high growth rates pertaining to the emergence of new and advanced technologies and their significance in automation. IEDs such as digital transducers/smart meters and communication gateways have the highest demand in the market, currently, pertaining to the high development of these technologies and the growing communication standards.
Power Line Communication (PLC) is expected to be the next big thing in substation automation, especially, for the communication from substation to substation. PLC has been proved more efficient and reliable over the traditionally used copper wire communication. Also, fibre optic communication is seen as a major replacement for the old communication networks in retrofit automation projects; it is more preferred for long distance communication pertaining to its reliability.
Substation Automation and Integration Market By Components - IEDS (RTU, PLC, Digital Protection Relay, Smart Meters), Communication Technology (Optical Fiber, PLC, Copper Wire, thernet), SCADA & Geography (2013 - 2018)Contact:
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