DUBLIN--(BUSINESS WIRE)--The "Teleprotection Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.
The Teleprotection Market is projected to witness a compound annual growth rate of 21.47% to grow to US$22.651 billion by 2022, from US$8.565 billion in 2017.
To prevent the system from failure or damage, teleprotection system selectively disconnects the faulty part by transmitting command signals within the shortest possible time. Teleprotection System is being increasingly used on account of advantages it offers such as increased stability, improved communication system, and high efficiency. Increasing demand for energy saving and uninterrupted transmission of power serves as a key factor for the market growth. Favorable government policies in the developed nations and increasing demand of teleported grid are some other factors boosting the demand of teleprotection market over the forecast period.
Geographically, Asia Pacific is expected to grow at the fastest rate over the projected period owing to the rising adoption of teleprotection systems from power and telecommunication sector. Moreover, regional governments focus towards the reduction in CO2 emission and energy conservation, coupled with developing electricity infrastructure, especially in emerging economies is significantly contributing to the market growth. The growing adoption of smart grid and other energy efficient technologies is also boosting the demand for teleprotection systems over the forecast period.
- Cisco Systems
- Schweitzer Engineering Laboratories
- Telco systems
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Teleprotection Market Forecast by Product (US$ billion)
6. Global Teleprotection Market Forecast by End-User Industry (US$ billion)
7. Global Teleprotection Market Forecast by Geography (US$ billion)
8. Competitive Intelligence
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/cjd3g9/teleprotection