Frost & Sullivan in its new analysis has highlighted the requirement for energy security in the Asia Pacific. This requirement has developed due to Fukushima’s latest power plant disaster. The analysis has estimated that US revenues in 2015 will reach $376.0 million.
According to this report, higher operational efficiency and reduction in the average interruption duration index of the system can be achieved only by completely automating the grids of the utilities. The requirement for electrical infrastructure with improved quality has also developed due to the increasing need for greater electricity generation capacity.
Utilities are enthusiastic about using completely automated systems in the distribution and transmission substations in order to identify and monitor occurrence of faults in different locations. Industrial customers on the other hand are more cautious about cost and investments and will increase their expenditure as they become aware of the prolonged benefits of using automated substations.
Jieqiang Tan, Consulting Analyst of Frost & Sullivan, highlighted the need to improve the current power infrastructure especially in Southeast Asia where a number of substations here are still not completely automated. Tan also stated that the level of automation differs based on the infrastructure’s age, the kind of project, existing automation infrastructure and demographics.
Source: http://www.frost.com
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