Global Teleprotection Market 2017-2021
Published: Jun 2017 | Pages: 70 | SKU: IRTNTR13225 |
Overview of the global teleprotection market
According to Technavio’s market research report, the global teleprotection market will grow at a CAGR of more than 19% during the forecast period. The growing need for uninterrupted power supply in developing countries will drive the growth prospects for the market until the end of 2021. The irregular unbalanced distribution of electricity causes fluctuations in voltage levels resulting in power outage and system damage. An uninterrupted power supply or accurate distribution of electricity should be maintained to ensure the effective working of systems. This can be done by balancing and controlling the electricity flow by using teleprotection equipment. Teleprotection equipment stabilizes the flow by identifying and isolating the faults in medium, low, and high-voltage grids. Various end user industries such as power, telecom, aerospace and defense, and oil and gas highly rely on teleprotection equipment to obtain a stable and even flow of electricity. This will boost the adoption of teleprotection equipment at these end user industries, which will subsequently propel the growth of the teleprotection market.
The increasing demand for teleprotection equipment from the aerospace and defense industry will be one of the key trends responsible for the growth of the teleprotection market. This sector focuses on monitoring and managing aerospace activities, which requires an uninterrupted supply of balanced power. The rising need to monitor the borders and control rooms will further increase the demand for the regulated supply of power and will in turn, will boost the adoption of teleprotection systems in the aerospace and defense industry.
Competitive landscape and key vendors
The teleprotection market is characterized by the presence of a large number of vendors. These vendors increasingly cater to the needs of various end-user industries such as telecommunication, power, IT, and aerospace and defense to overcome fluctuations in power supply. Vendors are also developing teleprotection systems with better efficiency by modifying the existing teleprotection systems. With the increasing number of new players, the level of competition among the players in this market space will intensify in the coming years.
Key vendors in this market are -
- ABB
- Siemens
- Schneider Electric
- GE
Other prominent vendors in the market include Alcatel-Lucent, Alstom, AltaLink, Cisco, and Valiant Communications.
Segmentation by product and analysis of the teleprotection market
- Teleprotection unit
- Teleprotection software
The teleprotection unit includes several products such as optical interface equipment, directional electrical interface equipment, data terminal equipment, and multiservice access equipment. During 2016, this segment dominated the teleprotection market due to the growing need to prevent power system damage in different end user industries. The rising need to provide high safety and advanced measures to avoid power failure will drive the adoption of teleprotection units during the forecast period.
Segmentation by geography and analysis of the teleprotection market
- Americas
- APAC
- EMEA
The Americas is witnessing a high demand for teleprotection systems from various end-user industries such as power and telecommunication sectors. The efficiency of T&D in the power sector is reduced due to the aging of grid infrastructure and the need to deliver power over long distances. This will encourage manufacturers to increase investments towards the improvement of T&D infrastructure by using teleprotection systems, driving market growth. Additionally, the emergence of 4G technology in the telecommunication sector that will fuel the demand for high-voltage power supply, will also propel the growth of the teleprotection market.
Key questions answered in the report include
- What will the market size, market forecast and the growth rate be in 2021?
- What are the key factors driving the global teleprotection market?
- What are the key market trends impacting the growth of the global teleprotection market?
- What are the challenges to market growth?
- Who are the key vendors in the global teleprotection market?
- What are the market opportunities and threats faced by the vendors in the global teleprotection market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global teleprotection market?
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
- Market overview
- Teleprotection unit
- Teleprotection software
PART 07: Geographical segmentation
- Market overview
- Americas
- EMEA
- APAC
PART 08: Decision framework
PART 09: Drivers and challenges
- Market drivers
- Impact of drivers on key customer segments
- Market challenges
- Impact of challenges on key customer segments
PART 10: Market trends
- Increasing demand from the aerospace and defense industry
- Growing demand for telecom towers in the APAC region
PART 11: Vendor landscape
- Other prominent vendors
PART 12: Key vendor analysis
- ABB
- Siemens
- Schneider Electric
- GE
PART 13: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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