Global Substation Wide Area Monitoring System Market 2018-2022
About substation wide area monitoring system
Wide area monitoring systems are used for continuous monitoring of the condition of transmission systems over a wide geography with the use of data acquired through phasor measurement technology.
Technavio’s analysts forecast the global substation wide area monitoring system market to grow at a CAGR of 20.61% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global substation wide area monitoring system market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of wide area monitoring systems projects in substations through the deployment of phasor measurement units (PMUs), phasor data concentrators (PDCs), communication networks, PDC solutions, and related services. The market exclusions are SCADA systems, bay control solutions, protection solutions, station level solutions, and digital substations.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Substation Wide Area Monitoring System Market 2018-2022
Technavio recognizes the following companies as the key players in the global substation wide area monitoring system market: ABB, Electric Power Group, General Electric, Schneider Electric, Schweitzer Engineering Laboratories, Siemens
Commenting on the report, an analyst from Technavio’s team said: “One trend that is affecting the market is substation upgrading projects in US”
According to the report, one driver that is affecting the market is rising investments in smart grid projects”
Further, the report states that one challenge that is affecting the market is interoperability issues”
Electric Power Group
Schweitzer Engineering Laboratories
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