The global teleprotection market to grow at a CAGR of 19.04% during the period 2017-2021.
Teleprotection systems are adopted by some major end-user industries such as telecommunication and power. Other end-user industries of teleprotection systems that are gaining popularity are transportation, IT, and aerospace and defense.
The report covers the present scenario and the growth prospects of the global teleprotection market for 2017-2021. To calculate the market size, the report considers the demand for teleprotection from various end-users. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is increasing demand from the aerospace and defense industry. Aerospace and defense is the nontraditional end-user industry of the teleprotection market. One of the major reasons for this is the growing need to regulate power in these sectors. As the aerospace sector demands for uninterrupted flow of balanced power for monitoring and managing aerospace activities, it is vital to adopt teleprotection systems. In the defense sector, there is high demand for managing power flow to monitor borders and even control rooms.
According to the report, one of the major drivers for this market is growth in demand for power generation. Rise in industrialization and rapid infrastructure development across the world have created a huge demand for electricity. To meet this demand, countries are increasing their installed power capacities.
Further, the report states that one of the major factors hindering the growth of this market is unpredictable oil prices. The recent fall in crude oil prices will hinder the growth of the global teleprotection market as the oil and gas industry is one of the end-user industries for teleprotection equipment. Shale gas explorations in the US are on the rise and have reached record levels. The Middle East countries, on the other hand, have not reduced their output as they fear of losing market share. This has caused a continuous fall in oil and gas prices.
- Schneider Electric
Other prominent vendors
- Valiant Communications
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/bv7rr3/global