Press release
Digital Substation Market to Reflect a Holistic Expansion During 2027 - ABB Ltd., Cisco Systems, Eaton Corporation, Emerson Electric Co., General Electric Company, Honeywell International and Larsen & Toubro
Digital Substation Marke
Power generation sources across the globe today have become highly distributed, diverse, intermittent and volatile. In such a scenario, the much needed control and performance demands for a more intelligent, efficient and a highly reliable grid.
Digital substations have been successful in bridging the gap between analog and digital technologies and providing the needed control as well as performance. In a digital substation the entire operation is managed between distributed intelligent electrical devices that are interconnected using a communications network.
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Top Dominating Key Players:
1. ABB Ltd.
2. Cisco Systems, Inc.
3. Eaton Corporation PLC
4. Emerson Electric Co.
5. General Electric Company
6. Honeywell International, Inc.
7. Larsen & Toubro
8. NR Electric Co. Ltd.
9. Schneider Electric SE
10. Siemens AG
Growing digitalization of infrastructures mainly driven by smart city implementations are positively impacting the digital substation market in the recent times. Higher initial investments associated with the setting up of digital technologies in the utilities sector coupled with period maintenance poses certain challenges on the smooth growth of digital substation market.
Further, rising emphasis laid down by the environmental bodies on renewable energy projects are anticipated to provide good opportunity platforms to the players operating in the digital substation market.
Major Factors:
• Global Digital Substation Market Overview
• Economic Impact on Market
• Market Competition
• Global Digital Substation Market Analysis by Application
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Global Digital Substation Market Effect, Factors, Analysis
• Global Digital Substation Market Forecast
Market Segmentation:-
The global digital substation market is segmented on the basis of type, voltage, and end-user industry. On the basis of type, the digital substation market is segmented into transmission substation and distribution substation. The digital substation market on the basis of the voltage is classified into Up to 220 kV, 220-550 kV, and above 500 kV. Based on end-user industry, the digital substation market is segmented into utility, metal, mining, oil and gas, and transportation.
The Digital Substation Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions.
The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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What our report offers:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Digital Substation Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Digital Substation, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact Us:
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com
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