Substation automation and integration market projected to grow by $17.9 B

Substation automation and integration market worldwide is projected to grow by $17.9 B, driven by a CAGR of 5.7% reports Report Linker.

Transmission substations, one of the segments analysed and sized in this study, displays the potential to grow at over 5.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.

The key players in the market are: ABB Ltd., Cisco Systems, General Electric Company, Schneider Electric SA, Siemens AG.

The regions covered in this report are: North America, Europe, Asia Pacific, Latin America and Middle East.

Source: Report Linker