Digital Substation Market By Module (Hardware, Fiber Optic Communication Network and SCADA), By Type (Transmission and Distribution Substation), By Voltage (Up to 220 kV, 220–550 kV, and above 550 kV), By End Use (Metal, Utility, Mining, Oil & Gas & Transportation), Competition Forecast & Opportunities, 2017 – 2027

The global digital substation market is projected to grow at a CAGR of over 6% in value terms, during 2023-2027. Rising demand for redeveloping old infrastructure, growing implementation of digital substations in the countries, increase in demand for electricity and government funding initiatives in collaboration with the private entities are expected to boost demand for digital substation across the globe.

The global digital substation market is segmented based on module, type, voltage, end use and region. Based on module, hardware module is anticipated to hold the largest market share as they are used in transformers and form major part of the market. Based on end use, utility industry is expected to be the fastest growing market, globally. Regionally, Asia Pacific is expected to remain the market leader in the global digital substance as government in developing countries are engaged in improving infrastructure.

Some of the major players operating in the global digital substation market include BB Group, General Electric, Siemens, Schneider Electric and Cisco Systems, among others.

Objective of the Study

• To analyze and forecast market size of the global digital substation market, in terms of value.
• To define, classify and forecast the global digital substation market on the basis of module, type, voltage, end use  and region.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global digital substation market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
• To identify tailwinds and headwinds for the global digital substation market.
• To examine competitive developments such as expansion, mergers & acquisitions in the global digital substation market.
• To strategically profile the leading players, which are involved in the supply of digital substation globally.

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Market insights research performed primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of digital substation providers. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research was able to include providers that could not be identified due to the limitations of secondary research. Market insights research analysed type, business function, component, end user and regional presence of all major digital substation providers across the globe.

Market insights research calculated the market size for the global digital substation market using a bottom-up approach, where providers’ value data for different module of (hardware, fiber optic communication network and scada) digital substation was recorded as well as forecast for the future years was made. Market insights research sourced these values from industry experts and company representatives, and externally validated through

Key Target Audience

• Global digital substation providers
• Research organizations and consulting companies
• Organizations, associations and alliances related to digital substation
• Government bodies such as regulating authorities and policy makers.
• Industry associations
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Digital Substation providers and policy makers,