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Teleprotection Market Analysis - Market Leadership
The teleprotection market is still in its growth stage and is witnessing an enormous patent filings and developments. All the big electronic and telecommunication companies are doing extensive research and development activities to get the first moveradvantage. Small companies in the ecosystem are doing aflourishing business to be in the market rivalry for the long term business. The teleprotection industry is witnessing a binge of new product developments, mergers & collaborations, expansions and other activities in research and development field.
ABB Ltd. (Switzerland) serves teleprotection ecosystem in various aspects and has the target market across various geographies. It is focusing on expansion in the U.S. market where many local players lead the teleprotection market.In 2010, it acquired “Ventxy”, a Smart Grid software firm in Atlanta (U.S.).In June 2012, the company acquired Tropos Networks Inc. (U.S.), a company that develops and markets wireless technologies and products for distribution area communication networks.In 2012, Ventyx joined forces with Mincom (Australia), aninnovative leader in Enterprise Asset Management (EAM) and Enterprise Resource Planning (ERP) software for mining, transportation and defense. Ultimately,the acquisitions made, was proved to bea golden revenue basket for ABB to achieve market leadership in the teleprotection ecosystem.
In the modern context, ABB not only serves the role of a torch bearer but also enjoys the lion’s share in the teleprotection market. ABB’s world-class protection and control solutions ensure the reliable power transmission and distribution in more than 100 countries. To ensure interoperable and future-proof solutions, its products have been designed to implement the core values of the IEC 61850 standard. The company has planned to expand 50% of its R&D employees in the emerging markets by 2015 to provide on-time customized customer requirements.Moreover, ABB is going to acquire the market leadership in revenue generation as well asthe market attractiveness for long terms in the teleprotection ecosystem.
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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)
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