Teleprotection market growing at CAGR of 28.67 percent to 2018

DALLAS, USA: According to a new market research report, "Teleprotection Market - By Product Type (Teleprotection Units, Communication Network Technology, Software, Services), Components (IED, Interface Device, SCADA), Applications (Power, Telecom) and Geography - Analysis & Forecast (2013 - 2018)", the teleprotection market is expected to grow at an estimated CAGR of 28.67 percent from 2013 to 2018 which includes in-depth segmentation of products, components and application and geography.

Teleprotection market is in its early stage, however, contains a great potential across so many industry verticals such as the power sector, telecom, oil and gas, transportation, information technology, aerospace & defense and so on.

The increasing demand of energy saving and seamless transmission will boost the market in the days to come with the help of advanced communication and network technologies. The diverse new product requirements in Military, Aerospace and Defense, and IT sectors, and integrates with intelligent and advanced communication technologies would be the captivating essentials for new entrants as well as winning opportunities for the established players.