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Increase in Demand for Energy Efficiency and Smart Grid Infrastructure Drives the Adoption of Substation Automation Solutions
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This research service examines the global substation automation and integration market. Due to the increase in demand for power in developing countries, and the need for greater energy efficiency, utilities are working towards upgrading their grid infrastructure with more advanced solutions to minimize the downtime. The study discusses the driving and restraining factors which are expected to impact market development across the globe during the forecast period (2015 to 2020). The market trends, along with forecasts by revenue, are discussed at a regional level (North America, Europe, Asia-Pacific, and Rest of World) and analyze the prevailing market competition. The base year for the study is 2014.
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