The global Substation Monitoring Market is estimated to expand at 8.50% CAGR during the forecast period. Substation monitoring system that provides the information about the electrical transmission and distribution network. The substation monitoring involves the monitoring of different parameters such as voltage, frequency, power input and output of a substation. This data is collected to transmitted through communication technologies to the main station. These data related to these parameters are captured from various devices installed in a substation including transformers, switchgears, conductors & isolators, and circuit breakers, among others. Substation monitoring provides numerous advantages while monitoring, controlling, and managing a substation. These advantages include remote monitoring to avoid further power loss and time, low maintenance required, high accuracy and efficiency, and entire system can be shut down for quick repairs and re-installations.

Request Free Sample @ https://www.marketresearchfuture.com/sample_request/7341

The global substation monitoring market is set to witness high growth owing to increasing population. The changing electricity consumption pattern in the region has led to T&D losses. So, to minimize the T&D losses has triggered the need for a proper system to mitigate the losses occurring due to complex electricity T&D network. However, the government of various Asian economies are actively participating in the energy efficiency in the T&D network.

Prominent Players

The key players of the global Substation Monitoring Market are Siemens AG, ABB Ltd., Schneider Electric, General Electric, Cisco, Emerson Electric, Honeywell, Eaton, Emerson Electric, Crompton Greaves, Schweitzer Engineering Laboratories, Novatech, Igrid T&D, Sentient Energy, Cadillac Automation and Controls, Tekvel, and I-TOR, among others

Access Complete Research Report @ https://www.marketresearchfuture.com/reports/substation-monitoring-market-7341

Industry Segmentation

The Substation Monitoring Market has been segmented based on industries into oil & gas, utility, steel, transportation, and mining, among others. Utility segment is leading the market owing to the increasing implementation of substation monitoring system for reduction in transmission and distribution losses as well as ageing infrastructure of electric substations.

Based on component, the Substation monitoring market is segmented into hardware and software. The software segment is estimated to grow at a faster pace during the forecast period. The increasing use of electricity in the industries and demand for uninterrupted power in developing economies including China and India are driving the growth of the substation monitoring system market for software. Moreover, a growing need for reducing electricity losses through monitoring is driving the growth of the substation monitoring system market for software.

View More Info @ https://bit.ly/2K9TUxh

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]