The demand for substation monitoring system is rapidly gaining traction with the improvements in IoT-based communication networks and technological advancements. The growing popularity of wireless communication technology for online monitoring purposes in remote electrical substation. The increasing need to reduce the transmission and distribution loss in countries such as China and India is likely to fuel the market growth in the Asia Pacific region during the forecast period. Key players are focusing on various strategies such as contracts, agreements, product launches, and expansion to stay ahead in the industry.
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Top Key Major Players:-
1. ABB Ltd.
2. CG Power and Industrial Solutions Ltd
3. Cisco Systems, Inc.
4. Eaton Corporation
5. General Electric Company
6. NovaTech, LLC
7. Schneider Electric SE
8. Schweitzer Engineering Laboratories, Inc.
9. Sentient Energy, Inc.
10. Siemens AG