Press release
Digital Substation market is predicted to thrive at a CAGR of 7.55% over the period 2018-2024
This report provides forecast and analysis of the digital substation market which is estimated to surge at a CAGR of 7.55% over the period of 2018-2024.
Rising usage of smart technology, redevelopment of the older power infrastructure, construction of smart cities and favorable government initiatives, Such as “National Smart Grid Mission” in India, building varying voltage level substation in Qatar with help of Larsen & Turbo is going to increase the demand of digital substation in foreseeable years. The incorporation of intelligent electronic devices (IEDs) with a communication network is transforming the analogous system of a substation in the energy and power industry. The digital substation market is segmented by type, voltage, module, end-user, and geography. Geographically digital substation market is segmented as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. North America accounted for a significant market share in 2018 owing to the higher adoption of the digital substation in the U.S. and Canada and the availability of cheaper digital substations in the region. APAC is projected to witness the significant CAGR during the forecast period on account of increasing investments in investments in the renewable sector, rapid industrialization, urbanization, expansion of power distribution network in countries like India, China, and Singapore. In addition, the rising cost of electricity, increasing the nature of power demand and favorable government initiatives are further driving demand for the digital substation in this region.
Some of the major players covered as part of the report are ABB Ltd., Siemens AG, Honeywell International Inc, Schneider Electric SE, Eaton Corporation, General Electric Company, and Larsen & Turbo Limited, among others.
This report segmented the digital substation market on the basis following terms:
By Type
• Transmission Substation
• Distribution Substation
By Voltage
• Up to 220KV
• 220-550KV
• Above 550KV
By Module
•Hardware
• Fibre Optic
• SCADA
By End-User
• Electric Utility
• Oil & Gas
• Mining
• Transportation
• Others
By Geography
• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• UK
• Italy
• Others
• Middle East and Africa
• United Arab Emirates
• Israel
• Saudi Arabia
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
•Others
Purchase complete report or request sample: https://www.knowledge-sourcing.com/report/digital-substation-market
Suite 406, H-140,
Sector 63, Noida,
U.P., India - 201301
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Substation market is predicted to thrive at a CAGR of 7.55% over the period 2018-2024 here
News-ID: 1888131 • Views: …
More Releases from Knowledge Sourcing Intelligence LLP
Microcarrier Market is projected to surpass US$1,989.084 million by 2029 at a CA …
According to a new study published by Knowledge Sourcing Intelligence, the microcarrier market is projected to grow at a CAGR of 11.55% between 2022 and 2029 to reach US$1,989.084 million by 2029.
An aid matrix called a microcarrier allows more adherent cells to enter bioreactors. In the large-scale commercial production of biologics and vaccines, microcarriers cultivate adherent cellular populations that produce viruses or proteins. The scope of this document states…
Feed Grade Threonine Market Size, Trends, In-depth Analysis, Research Report For …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "feed-grade threonine market - which is forecasted from 2023 to 2028".
The feed-grade threonine market is estimated to grow at a CAGR of 5.12% during the forecast period.
With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the feed-grade threonine market. This will further help to establish business and growth plans…
Global Horse Feed Market Size, Trends, In-depth Analysis, Research Report Foreca …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "global horse feed market - which is forecasted from 2023 to 2028".
The global horse feed market is estimated to grow at a CAGR of 4.93% during the forecast period.
With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the global horse feed market. This will further help to establish business…
Wheat Seed Treatment Market Size, Trends, In-depth Analysis, Research Report For …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "wheat seed treatment market - which is forecasted from 2023 to 2028".
The Wheat seed Treatment market is estimated to grow at a CAGR of 7.49% during the forecast period.
With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the wheat seed treatment market. This will further help to establish business…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
