Substation Monitoring System Market Applications: Emerging Trends And Strong Application Scope By 2020 - 2027

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Monitoring of substations has become an essential task currently, in order to ensure consistent power supply to end-users. Transmission and distribution substations supply electric power to different loads depending on the end-users and voltage levels. There are different monitoring methods, which include wired and wireless technologies, while wireless communication technologies include GPRS, GSM, and Ethernet.

Substation monitoring systems monitors specified parameters such as current, frequency, voltage, current, temperature, and power factor. Substation monitoring system consist of various equipment such as circuit breaker, transformer, relays, APFC panels, etc. The substation monitoring system consists of three main units, namely, data processing and transmitter unit, load and measurement system, and receiver and PC display unit.

Substation monitoring system are widely used in the market for increased reliability, operational advantages and economic benefits. The substation monitoring system is a crucial element of global and national infrastructure. Furthermore, when these systems breakdown, they lead to a high impact on national security and economy.

The main factors driving the substation monitoring system market is the development strategies implemented by the players operating in the substation monitoring system market, such as agreements, contracts, product launches and developments, partnerships, and expansions. Moreover, the increasing demand for reduced distribution and transmission losses in developing countries such as India is propelling the substation monitoring system market.

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Aging infrastructure, need for increasing the government support for optimum electricity utilization, continuously improving IoT-based communication network and development of the IEC 61850 standard to allow interoperability between IEDs are also driving the market. However, major restraints of the market include heavy initial capital expenditure for installations of sensor (wireless) networks and continuously increasing cost of installation of IEDs in substations.

The substation monitoring system market can be segmented based on component, communication technology, end-use sector, industry, and geographic regions. Based on component, the market can be classified into hardware and software components.. The wired technology segment can be further classified into profibus and Ethernet. The wireless technology segment can be further sub-segmented into cellular, wireless LAN, and zigBee. Based on sector, the market can be segmented into transmission and distribution.


Key players operating in the global substation monitoring system market include ABB, Siemens, Cadillac Automation and Controls, Cisco, Schneider Electric, Emerson Electric, Honeywell, General Electric, Eaton, Schweitzer Engineering Laboratories, Crompton Greaves, Novatech, Schweitzer Engineering Laboratories, and Sentient Energy. These players are vigorously involved in organic and inorganic growth strategies in order to gain competitive advantage in the market. Partnerships, collaborations, agreements, and new product launches are some of the vital strategies followed by them.

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