Substation Monitoring System Market Projected to reach 5.21 Billion USD by 2023
According to the new market research report " Substation Monitoring System Market by Component (Hardware & Software), Communication Technology (Wired & Wireless), Sector (Transmission & Distribution), Industry (Utility, Oil & Gas, Mining, Steel, and Transportation) and Geography - Global Forecast to 2023", the substation monitoring system market is expected to grow from USD 3.32 Billion in 2017 to USD 5.21 Billion by 2023, at a CAGR of 7.8% between 2017 and 2023. The factors driving the growth of this market are growing demand for reduction in transmission and distribution losses, aging infrastructure, increasing investments (contracts) from the government, improving IoT-based communication network, and developing IEC 61850 standard to enable interoperability between IEDs. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=213501725 “Substation monitoring system market for software component is expected to grow at the highest...