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Teleprotection Market Overview
The teleprotection market is an emerging technology and shows a broad potential across diverse industry verticals such as oil & gas, telecom, power, aerospace & defense, transportation, and information technology(IT). Teleprotection systems prevent damage and failure of systems due to automatic disconnection of faulty parts remotely. The technology has achieved significant acceptance in the utility and telecom sectors. The increasing demand for seamless transmission and energy saving will boost the teleportation demand in the future with the aid of network technologies and advanced communication. Several innovative product requirements in aerospace & defense, military, and IT sectors and a combination of advanced and intelligent communication technologies fueling the demand for teleprotection products in the future.
The teleprotection market includes teleprotection unit, tele control software, and services. Teleprotection unit sector includes optical interface equipment, data terminal equipment (DTE), directional electrical interface equipment, data circuit-terminating equipment (DCE), and others. The teleprotection software includes network management system software, synchro phasors software, and others.
The key drivers of the teleprotection systems are the development of multifunctional solutions which comply with various communication protocols, and aging grid infrastructure in the power industry. Also, decrease in transmission & distribution loss, increasing demand from the aerospace & defense sector, and rising demand for uninterrupted power supply from various regions.
High level of expenditure, huge capital investments to implement the system, the need for interoperability protocols and standards to install and use the tele control systems and variations between power regulations in various geographies are the factors hampering the growth of the global teleprotection market. Advance product requirements in aerospace & defense, military, and IT sectors and combination of intelligent and advanced communication technologies act as opportunities for teleprotection market in the near future.
Favorable government laws and policies in developed nations such as the U.S, Germany, and the UK have driven the demand for teleprotection market. Regions such as the Asia Pacific and Latin America are anticipated to show increasing teleprotection market demand in future.
Global Teleprotection Market Segmentation:
Global teleprotection market segmentation by type:
- Teleprotection Unit
- Teleprotection Software
- Teleprotection Services
Global teleprotection market segmentation by application:
- Aerospace & Defense
- Information Technology
Global teleprotection market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- ABB Ltd
- Amperion, Inc.
- Conolog Corporation
- General Electric
- PLC Power
- Rad Data Communications Ltd
- Schneider Electric
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