Global Electric Power Substation Automation Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 – 2025

Published - Aug 2018 | Category - Energy and Power | No. of Pages - 103 | Published By - ARC

Introduction

Electric power substation automation has been a revolution for the management of networks. Substation is a base for some of the most important functions of the utility and is a part of electrical generation, transmission, and distribution system. Electric power substation automation is a combination of numerous control and data acquisition functions on an automated platform with a minimum number of units to augment the reliability and thereby reducing the cost of operation of the substation automation system. Electric power substation has improved the way substations were controlled earlier and have enhanced the way critical data were accumulated. Capability to reduce the transmission as well as distribution loss would keep the future of the market robust.

Market Drivers

The electric power substation automation market is mainly driven by the rising demand of smart grid solution. Demand for electric power substation automation increases due to the advancement in smart grid technology. Substation automation increases the level of convenience of operations, as it enables an electric utility to remotely monitor, control and coordinate the distribution component installed in the substation. Substation automation has reduced overall production cost and recent developments in communication technologies are expected to create greater opportunities worldwide which has been the key driver in its market growth.


 

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