Substation Automation Market to Surge at a Robust Pace In Terms Of Revenue Over 2031 By Transparency Market Research Published May 16, 2022
Transparency Market Research delivers key insights on the global substation automation market. In terms of revenue, the global substation automation market is estimated to expand at a CAGR of 6.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global substation automation market. The global substation automation market is can broadly classify into different categories such as component, module, communication type, application, and enduser industry. It can be used in the transmission and distribution of electrical power. Get a PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=B&rep_id=2737 Substation Automation Market: Dynamics The move toward the future transmission and distribution substation is being driven by the desire to add more automation and intelligence to the power grid network in order to address various utility concerns, from cost-cutting to meeting new regulatory requirements such as NERC-CIP (North American Electric Reliability Corporation—Critical Infrastructure Protection) The market for smart grids is expanding due to a rise in the need for e몭cient