2012-09-06 17:15:09 -
Asia-Pacific Substation Integration and Automation Market - a new market research report on companiesandmarkets.com
The recent nuclear power plant accident in Fukushima has highlighted the need for energy security in the Asia Pacific. Governments are looking at alternative sources of energy to meet the escalating demand for electricity in the region. Malaysia and Vietnam are targeting a renewable energy contribution of nearly 11 percent and 6 percent respectively to the energy mix by 2015, which will directly stimulate the demand for substation integration and automation. It is not possible to connect diverse sources of renewable energy without having better visibility and control of the network. The high volatility in power generated from renewable energy sources makes it necessary for utilities to fully automate their grids to achieve higher operational efficiency and reduce the system
average interruption duration index. While the integration of renewable energy sources into a fully automated grid is expected to stoke the need for new transmission and distribution substations, the rising demand for higher electricity generation capacity is intensifying the need for superior electrical infrastructure. There is also a significant need to improve existing power infrastructure, particularly in Southeast Asia, as most of the substations are not fully automated.While utilities are eager to incorporate fully automated systems in the transmission and distribution substations so they can monitor and identify the location of faults, industrial customers are cost conscious and more circumspect about their investments. However, they are likely to increase their spending with greater awareness of the long-term benefits of automated substations. The market is characterized by large multinational companies, which provide an extensive range of products and turnkey solutions, especially for the retrofit market. However, the volatile market projects an unclear picture of ROI and in some cases, retrofitting aging substations is not economically viable. The degree of automation varies from project to project and depends on the age of the infrastructure, the demographics, and the condition of existing automation infrastructure. The replacement market is also abuzz with activity, as the substation equipment installed in many countries in the Asia Pacific have either exceeded or are nearing their recommended operational life.Market SectorsExpert analysts thoroughly examine the following market sectors in this research:By Product Type:- Intelligent electronic devices
- Software and communication technology By End User:- Industrial
- UtilitiesReport ScopeThis research service covers the market trends and future demand potential of substation integration and automation products in the Asia-Pacific region with individual sections on Southeast Asia, East Asia, and Australasia. Market drivers, restraints, market forecasts, competitive structure, and market share analysis are discussed in detail for each region. Products covered include intelligent electronic devices and software and communication technology. Besides, forecasts are given on project types such as greenfield and retrofits. End users covered in the study include utilities and industries.
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