TechNavio’s analysts forecast the Global Substation Automation market to grow at a CAGR of 4.15 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for a reduction in transmission and distribution loss. The Global Substation Automation market has also been witnessing an increased number of government plans that encourage the installation of substation automation systems. However, the increased exposure of these systems to cyber-attacks could pose a challenge to the growth of this market. TechNavio’s report, the Global Substation Automation Market 2012-2016, has been prepared based on an in-depth market analysis …
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