IEC 61850 Substation Communication Market Set to A..

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IEC 61850 Substation Communication Market Set to Accelerate Amid Growing Smart Grid Adoption | #iec 61850 Substation Communication Market

IEC 61850 Substation Communication Market Set to Accelerate Amid Growing Smart Grid Adoption

IEC 61850 Substation Communication Market Set to Accelerate Amid Growing Smart Grid Adoption

According to Market Intelo, the market was valued at US$ 1.1 billion in 2024 and is projected to reach US$ 3.2 billion by 2033, growing at a CAGR of 12.4% during the forecast period. This growth is driven by the adoption of advanced communication standards in substations for efficient moni

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