SUBSTATION MONITORING SYSTEM MARKET ANALYSIS
Global Substation Monitoring System Market: Regional Insights
Asia Pacific is expected to witness highest growth in the substation monitoring system market over the forecast period. India, China, Japan, Australia, and South Korea are major growth engines in the substation monitoring system market in Asia Pacific. Owing to increase in the Transmission and Distribution (T&D) losses, governments in these countries are undertaking initiatives to introduce measures to reduce the T&D losses. For instance, Government of India is focusing on reducing the transmission and distribution losses of power from 21% in 2018 to 15% by 2019. The government is spending US$ 26.92 for improving the power infrastructure across the country.
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