Need for Energy Security Powers up Substation Integration and Automation in the Asia Pacific, Finds Frost & Sullivan

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Need for Energy Security Powers up

Substation Integration and Automation in the

Asia Pacific, Finds Frost & Sullivan

PR Newswire

KUALA LUMPUR, Malaysia, June 14, 2012

- Aging Substations Create Significant Opportunities for Replacement

Sales and Retrofits

KUALA LUMPUR, Malaysia

,

June 14, 2012

/PRNewswire/ -- The recent nuclear

power plant accident in Fukushima has highlighted the need for energy security

in the

Asia Pacific

. Governments are looking at alternative sources of energy to

meet the escalating demand for electricity in the region.

Malaysia

and

Vietnam

are targeting a renewable energy contribution of nearly 11 percent and 6

percent respectively to the energy mix by 2015, which will directly stimulate the

demand for substation integration and automation.

New analysis from Frost & Sullivan (http://www.energy.frost.com),

Asia-Pacific

Substation Integration and Automation Market

, finds that the market

earned revenues of

US$308.3 million

in 2010 and estimates this to reach

US$376.0 million

in 2015.

It is not possible to connect diverse sources of renewable energy without

having better visibility and control of the network. The high volatility in power

generated from renewable energy sources makes it necessary for utilities to

fully automate their grids to achieve higher operational efficiency and reduce

the system average interruption duration index.

While the integration of renewable energy sources into a fully automated grid is

expected to stoke the need for new transmission and distribution substations,

the rising demand for higher electricity generation capacity is intensifying the

need for superior electrical infrastructure.

"There is also a significant need to improve existing power infrastructure,

particularly in

Southeast Asia

, as most of the substations are not fully

automated," says Frost & Sullivan Consulting Analyst Jieqiang Tan.

While utilities are eager to incorporate fully automated systems in the

transmission and distribution substations so they can monitor and identify the

location of faults, industrial customers are cost conscious and more

circumspect about their investments. However, they are likely to increase their

spending with greater awareness of the long-term benefits of automated

substations.

The market is characterized by large multinational companies, which provide

an extensive range of products and turnkey solutions, especially for the retrofit

market.

"However, the volatile market projects an unclear picture of ROI and in some

cases, retrofitting aging substations is not economically viable," notes Tan. "The

degree of automation varies from project to project and depends on the age of

the infrastructure, the demographics, and the condition of existing automation

infrastructure."

The replacement market is also abuzz with activity, as the substation