Press release
Global digital substation Market to 2025: New Tech Developments, Advancements, Key Players, Strategies to Boost Industry Growth
Global digital substation market is valued approximately USD 6.3 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 7.87% over the forecast period 2018-2025. Increasing technological advancements is considered as key trend for the digital substation market. Additionally, the advent of battery technology to generate electricity is also expected to supplement the growth of the market across the globe.
Ample Market Research published a new report on Global Digital Substation market in its database that provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, segmentation and forecasting.
Ask Sample PDF of Global Digital Substation Market Report:https://www.amplemarketreports.com/sample-request/global-digital-substation-market-287492.html
The digital substation market is significantly driven by the increasing infrastructure development in smart cities. Smart cities enable flexibility and cutting-edge intelligence that would help cities to utilize resources more efficiently to improve everything from air, water quality to transportation, energy and communication systems. According to the Smart America Organization, government would invest $41 trillion till 2045 with an aim to upgrade their infrastructure to benefit from the IOT. As per the company sources, in February 2015, Intel and the city of san Jose, CA collaborated on public-private partnership project which aims to implement Intel’s IoT smart city demonstration platform by launching green vision initiative. This project aims to create environmental sustainability and enhance the quality of life for its citizen. Thus, the market for the digital substation is witnessing growth due to the rising need for replacing aging infrastructure and rising adoption of digital substations in smart cities. As a result, the adoption of digital substation would increase, contributing towards the growth of the market over the forecast period. Furthermore, growing demand for renewable energy projects offers lucrative growth prospects for the digital substation market. However, high cost of deployment is expected to hinder the growth of the digital substation market during the forecast period.
Company profiled in this report based on Business overview, financial data, Product landscape, Strategic outlook & analysis:
The leading market players mainly include-
• ABB
• Siemens
• General Electric
• Schneider Electric
• Honeywell
• Cisco
• Eaton
• Emerson
• NR Electric
• Larsen & Toubro
On the basis of segmentation, the digital substation market is segmented into module, type, and industry.
The detailed segments and sub-segment of the market are explained below:
By Module:
• Hardware
• Scada systems
• Fiber optic communication network
By Type
• Distribution substation
• Transmission substation
By Industry :
• Utility
• Metal
• Mining
• Oil & Gas
• Transportation
By Regions:
• North America
• Europe
• Asia Pacific
• LAMEA
• ROW
Access Full Comprehensive Industry Insights @
https://www.amplemarketreports.com/report/global-digital-substation-market-287492.html
Target Audience of the Global Digital Substation Market in Market Study:
• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors
Make an inquiry for purchasing this report@ https://www.amplemarketreports.com/enquiry-before-buy/global-digital-substation-market-287492.html
About Ample Market Research
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Our mission is to capture every aspect of the market and offer businesses a document that makes solid grounds for crucial decision making.
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