- The key vendors in the Global Teleprotection Market 2015-2019 are ABB Ltd., General Electric Corp. (GE), Schneider Electric Corp. and Siemens Energy Corp.
London, 16 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Teleprotection Market 2015-2019. One key trend emerging in this market is the high adoption in the aerospace and defense sectors, which require an uninterrupted flow of balanced power for monitoring and managing daily operations. As aerospace bases demand an uninterrupted flow of balanced power for monitoring and managing aerospace activities, it is vital for them to adopt teleprotection systems. The Global Teleprotection market is expected to grow at a CAGR of 21.7 percent during the period 2014-2019.
As the need for uninterrupted electric power distribution is growing rapidly, all major sectors have adopted teleprotection equipment to avoid power failure and system breakdown. Teleprotection systems have a high adoption rate in developed countries and hence the Teleprotection market is expected to experience high growth in the Americas, primarily because they are early adopters of the technology, along with having high operational capabilities.
“Teleprotection systems help in identifying and isolating the faults in high, medium, and low-voltage grids, making them stable and even,” says Faisal Ghaus, Vice President of TechNavio Research.
“Sectors such as Telecom, Power, Defense, Aerospace, and IT need a constant and secure power supply to avoid system damages. Therefore, the high adoption rate of teleprotection systems by these sectors is driving the Global Teleprotection market.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
