Tuesday 14 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Teleprotection Market: ABB Ltd., General Electric Corp. (GE), Schneider Electric Corp. and Siemens Energy Corp.
Other Prominent Vendors in the market are: Alcatel-Lucent, Alstom, Altalink, Ambient, Amperion, Conolog, Itron, Nokia Oyj, Orion Telecom Networks, Rad Data Communications, RFL Solutions, Schweitzer Engineering Laboratories, Selta Spa, Texas Instruments and Valiant Communications.
The report said: “One major trend upcoming in this market is the high adoption in the aerospace and defense sectors, which require an uninterrupted flow of balanced power for monitoring and managing daily operations. This is expected to support the growth of the Global Teleprotection market.”
According to the report, one of the major factors of the market is the increased need for uninterrupted power supply. Sectors such as Power, Telecom, IT, and Energy need continuous and accurate distribution of electricity, the failure of which will lead to power outages. Therefore, these sectors use telecom equipment for maintaining the balance of electricity flow.
Further, the report states that one of the key challenges in the market is the high cost of implementation. End-users are reluctant to adopt teleprotection systems as they are high priced. As each sector requires multiple teleprotection systems, the high capital investment required for this deters users from adopting these systems in large numbers. Therefore, end-users limit their investments to a smaller amount of teleprotection equipment. This affects revenue flow in the Global Teleprotection market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.