The substation monitoring system market is expected to grow during the forecast period due to aging infrastructure, coupled with demands for reduced T & D losses. In addition to government investment, it is another factor driving the growth of the substation monitoring system market. However, installing a wireless sensor network requires a large capital investment, which can hinder market growth during the forecast period. Meanwhile, the demand for renewable energy projects may provide growth opportunities for players in the substation monitoring system market in the future.
A full report of Substation Monitoring System Market available at: https://www.orionmarketreports.com/substation-automation-market/49651/
Players operating in the substation monitoring system market include Emerson Electric, General Electric, Cisco, Crompton Greaves, Honeywell, Eaton Corporation, IGrid T&D, I-Tor, Novatech, Schneider Electric SA, ABB Ltd., Siemens AG, Tekvel, Sentient Energy, and Cadillac Automation and Controls. The competition amongst major players to offer technologically advanced solutions is making companies invest increasingly in R&D activities. Companies are focusing on expanding their business and M&As to improve their service offerings in the untapped regions.
Substation Monitoring System Market- Segmentation
By Type
• Retrofit Installations
• New Installations
By Application
• Mining
• Steel
• Transportation
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