SUBSTATION MONITORING SYSTEM MARKET ANALYSIS

Market Challenges And Opportunities

High capital expenditure for installation of equipment is the major factor hampering growth of the market

High installation cost of the IEDs (Intelligent Electronic Devices) in substation such as transformers, relay devices, switches, controllers, circuit breakers is the major factor hindering growth of the market. Additionally, high expenditure for installation of wireless sensor network in application grid, which contains multifunctional sensor nodes helps in power generation, power delivery, and power utilization is also a major factor hampering growth of the market. 

Harsh environmental conditions is the major challenge faced by manufacturers in the substation monitoring system market

Harsh environmental conditions such as storm water drainage, noise, lighting, and road traffic are expected to hamper the proper functioning of substation monitoring systems. Factors such as substation landscaping and  habitat loss, changes to local aesthetics and view sheds, noise, and lighting are considered to be long-lasting and permanent effects. For instance, the noise created by substations can be quite loud to adjacent property owners, as a constant buzzing and humming of noise can be audible several feet from the substation fence. Moreover, tall soil berms and barrier of mature trees between the substations and nearby residences can partially reduce the noise impacts. Therefore, considering the harsh environmental conditions for the production of substations is the major challenge faced by manufacturers.