Global Digital Substation Market | 2021-2028 | Worldwide Industry Growing at a CAGR of 6.50% and Expected to Reach USD 10.25 billion
Digital substation market is expected to reach USD 10.59 billion by 2028 witnessing market growth at a rate of 6.50% in the forecast period of 2021 to 2028.
Global Digital Substation Market report studies the
potential and prospects of the market in the present and the future from
various points of views. This market report is a systematic synopsis on the
study for market and how it is affecting the Semiconductors and Electronics
industry. The statistical and numerical data are represented in graphical
format for a neat understanding of facts and figures. This market report
highlights the global key manufacturers to define, describe and analyze the market
competition landscape via SWOT analysis. The data and information collected to
generate the top-notch Global Digital Substation Market research report has
been derived from the trusted sources such as company websites, white papers,
journals, and mergers etc.
The reliable Global Digital Substation Market report has been framed by
employing the best and standard analytical methods which are SWOT analysis and
Porter’s Five Forces analysis that analyse and evaluate all the primary and
secondary research data and information in this report. The report holds a
great value for both usual and emerging market players in the Semiconductors
and Electronics industry and provides in-depth market insights. In addition,
the numerical and statistical data, facts and figures are represented with the
help of charts, graphs and tables so that users can have better understanding. Global
Digital Substation Market report is bestowed with full loyalty to provide the
best service and recommendations.
Global Digital
Substation Market Scope and Market Size
Digital substation market is segmented on the basis of
module, type, installation type, connectivity, voltage level, architecture and
industry. The growth among segments helps you analyse niche pockets of growth
and strategies to approach the market and determine your core application areas
and the difference in your target markets.
·
Digital substation market on the basis of module
has been segmented as hardware, fiber-optic communication networks, and
SCADA systems. Hardware has been further segmented into transformers, busbars,
protection devices, interfacing units, and others. Protection devices have been
further sub segmented into circuit breakers, protective relays, and
switchgears. Interfacing units have been further sub segmented into
human-machine interfaces (HMI), remote terminal units (RTU), and programmable
logic controllers (PLCs).
·
Based on type, the digital substation market has
been segmented into transmission substation, and distribution substation.
·
On the basis of installation type, the digital
substation market has been segmented into new installations, and retrofit
installations.
·
On the basis of connectivity, the digital
substation market has been segmented into < 33 kV, 33 kV to 110 kV, 110 kV
to 220 kV, 220 kV to 550 kV, and > 550 kV.
·
Based on voltage level, the digital substation
market has been segmented into low, medium, and high.
·
On the basis of architecture, the digital
substation market has been segmented into process, bay, and station.
·
Digital substation has also been segmented on
the basis of industry into utility, heavy industries, transportation, and
others. Utility has been further segmented into non-renewables, and renewables.
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Some of
the key questions answered in this report:
·
How has the Global Digital Substation Market
performed so far and how will it perform in the coming years?
·
What has been the impact of COVID-19 on the Global
Digital Substation Market?
·
What are the key regional markets?
·
What is the breakup of the market based on the
procedure?
·
What is the breakup of the market based on the
injury location?
·
What is the breakup of the market based on the
end user?
·
What are the various stages in the value chain
of the industry?
·
What are the key driving factors and challenges
in the industry?
·
What is the structure of the Global Digital
Substation Market and who are the key players?
·
What is the degree of competition in
the industry?
Market Analysis and Insights: Global Digital
Substation Market
·
Digital
substation is also referred for the term electrical substation. It is the
location where intelligent electronic devices (IEDs) interconnected by
communications networks or SCADA equipment are used. Computing technology is
used for this digital substation. The advantage of substations is that, in terms
of architecture, engineering, service, installation, they carry a broad range.
·
Increasing
investments in smart cities and smart grid infrastructure development, rising
need of improved safety and effective communication in power
distribution and transmission processes, compactness and high efficiency to
cater to increasing power demand, increasing demand due to superior benefits
over traditional counterparts, growing pace of digitalization across the globe,
rising demand for power supply in limited space are some of the major as well
as vital factors which will likely to augment the growth of the digital
substation market in the projected timeframe of 2021-2028. On the other hand,
rising demand for renewable energy projects along with increasing
demand for battery technology to generate electricity which will further
contribute by generating massive opportunities that will lead to the growth of
the digital substation market in the above mentioned projected timeframe.
·
This digital
substation market report provides details of new recent developments, trade
regulations, import export analysis, production analysis, value chain
optimization, market share, impact of domestic and localised market players,
analyses opportunities in terms of emerging revenue pockets, changes in market
regulations, strategic market growth analysis, market size, category market
growths, application niches and dominance, product approvals, product launches,
geographic expansions, technological innovations in the market.
Global Digital Substation Market Country Level
Analysis
The countries covered in the
digital substation market report are U.S., Canada and Mexico in North America,
Brazil, Argentina and Rest of South America as part of South America, Germany,
Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia,
Rest of Europe in Europe, Japan, China, India, South Korea, Australia,
Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
(APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa,
Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East
and Africa (MEA).
Global Digital Substation Market Share Analysis
Digital substation market
competitive landscape provides details by competitor. Details included are
company overview, company financials, revenue generated, market potential,
investment in research and development, new market initiatives, regional
presence, company strengths and weaknesses, product launch, product width and
breadth, application dominance. The above data points provided are only related
to the companies’ focus related to digital substation market.
Key player Global Digital Substation
Market
The major players covered in
the digital substation market report are ABB; General Electric; Siemens;
Eaton.; Schneider Electric; HONEYWELL INTERNATIONAL INC.; Cisco; Emerson
Electric Co.; NR Electric Co., Ltd.; L&T Construction; Schweitzer
Engineering Laboratories, Inc.; WELOTEC; TCS Digital; Tesco Automation Inc.;
Locamation; SIFANG; Netcontrol Group; Prosoft-Systems" Ltd.; Fuji Electric
Co., Ltd.; Tekvel; Efacec; among other domestic and global players. Market
share data is available for global, North America, Europe, Asia-Pacific (APAC),
Middle East and Africa (MEA) and South America separately. DBMR analysts
understand competitive strengths and provide competitive analysis for each
competitor separately.
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MAJOR
TOC OF THE REPORT
·
Chapter
One: Introduction
·
Chapter
Two: Market Segmentation
·
Chapter
Three: Market Overview
·
Chapter
Four: Executive Summary
·
Chapter
Five: Premium Insights
·
Chapter
Six: Global Digital Substation Market Share by Product & Procedure type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=global-digital-substation-market
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