major restraints among others. Absence of technical standards in the sense no proper norms or regulations are available in the Electric Power Substation Automation Market which acts as a hindrance for this market. Huge capital requirement is also one of the major restraints in the Electric Power Substation Automation Market. The capital required in this market is more than the benefits that is achieved after automation in the electric power substation.
The major opportunity of Electric Power Substation Automation Market is operational efficiencies. With the automation of the electric power substation, the operation is expected to be done efficiently. The data acquisition, supervision and control become easier with the automation. In addition, operating cost is reduced in the Electric Power Substation Automation Market which also acts as an opportunity in this market.
The Electric Power Substation Automation Market has been categorized based on their types: transmission, collector substation and distribution. The Electric Power Substation Automation Market has been geographical segmented into four regions: North America, Europe, Asia-Pacific and RoW. In 2014, APAC has the largest market size for the Electric Power Substation Automation Market that is driven by the continuing electrification and increasing number of smart grid projects.
Some of the key players in the Electric Power Substation Automation Market are ABB Ltd., Siemens AG, Alstom S. A, Eaton Corporation, Schneider Electric, CISCO Systems( U. S), Amperion( U. S), and Ingeteam among others.
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This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
-North America