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Aging Transmission Substation Retrofits and New Smart Grids Drive Demand for Substation Automation
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This research service assesses the trends in the European substation automation market. The economic recession of 2009 led to a shortage of investment funds in virtually all markets, so that most planned projects were either stalled or completely shelved. This study analyses and determines the impact of the economic recession on the substation automation market in Europe, as well as the market dynamics during the recovery years of 2010 and 2011. The analysis was performed during 2012—when the market was in decline due to the European debt crisis—and is provided alongside an analysis of trends by product and regions within Europe with forecasts up to 2017.
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