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