The Global Teleprotection Market Growth 2019-2024 Report added by DecisionDatabases.com gives an in depth industry analysis of the market. It covers the costing, sales, revenue details and forecasts.
Teleprotection is equipment in conjunction with communication links provide the best possible means of selectively isolating faults on high voltage transmission lines, transformers, reactors and other important items of electrical plants. To prevent the power system from failure and damage, the teleprotection system enables to selectively disconnect the faulty part by transferring command signals within the shortest possible time.
The major player in market is GE Energy, Siemens, ABB, Nokia. They together with over 60% market share. They hold the key technologies and patent, with high-end customers. They have formed global market channel of the industry.
According to this study, over the next five years the Teleprotection market will register a 16.9% CAGR in terms of revenue, the global market size will reach US$ 1190 million by 2024, from US$ 470 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Teleprotection business, shared in Chapter 3.
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The key manufacturers covered in this report:
- GE Energy
- Alcatel Lucent
- Schweitzer Engineering Laboratories
- TC Communications
- RFL Electronics
Segmentation by product type:
- 4 Independent Commands
- 8 Independent Commands
Segmentation by application:
- Electrical Transmission
- Communication for Oil & Gas
- Communication for Transportation
This report also splits the market by region:
- United States
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- To study and analyze the global Teleprotection consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Teleprotection market by identifying its various subsegments.
- Focuses on the key global Teleprotection manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Teleprotection with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Teleprotection submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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