Global Substation Wide Area Monitoring System Market 2018-2022 | Americas Dominates the Global Market | Technavio
LONDON--(BUSINESS WIRE)--Aug 21, 2018--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.
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Technavio has published a new market research report on the global substation wide area monitoring system market from 2018-2022. (Graphic: Business Wire)
This research report titled ’ ’ 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.
The market research analysis categorizes the global substation wide area monitoring system market into the following regions:Americas APAC EMEA
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.
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:
Executive ReportMarket Outline Global Substation Wide Area Monitoring System Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries
Vendor LandscapeVendor 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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PUB: 08/21/2018 04:08 PM/DISC: 08/21/2018 04:08 PM