LONDON–(BUSINESS WIRE)–According to the latest market research report released by Technavio, the global substation wide area monitoring system market is expected to accelerate at a CAGR of almost 21% during the forecast period. The rising investments in smart grid projects is one of the key factors triggering the growth of the market.
This research report titled ‘Global Substation Wide Area Monitoring System Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global substation wide area monitoring system market into the following regions:
In 2017, the Americas accounted for 47% of the global market and is projected to decline to 45% by 2022, exhibiting almost 2% decrease in market share.
Global substation wide area monitoring system market: Top emerging trend
The substation upgrading projects in the US are one of the major trends being witnessed in the market. The aging infrastructure in power transmission applications is supporting the increasing adoption of advanced solutions to enhance efficiency in power transmission. The developed economies such as the US have created plans to rebuild or upgrade the aging infrastructure in substations.
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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Substation Wide Area Monitoring System Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (ABB, Electric Power Group, General Electric, Schneider Electric, Schweitzer Engineering Laboratories, and Siemens)
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