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The substation automation market size is estimated to grow by USD 17.54 billion at a CAGR of 7.01% between 2023 and 2028. The market is driven by the increasing demand for electricity and the need to reduce energy losses, is driving market growth by increasing the adoption of advanced transmission and distribution technologies. Advancements in communication and connectivity technologies, driven by the growing need for real-time monitoring and control of power grids, are also boosting market expansion by enabling smarter and more efficient grid operations. Additionally, the growing demand for grid resilience and security, driven by the increasing frequency and severity of grid disruptions, is driving the adoption of technologies and solutions that enhance grid resilience and security. Overall, these factors are driving the growth of the power transmission and distribution market and driving innovations in grid technologies and solutions.
Market Forecast 2024-2028
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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