Press release
How Digital Substation Market Will Dominate In Coming Years? Key Players: Eaton, Siemens, GE, ABB, DNV GL, Locamation, Toshiba America Electronic Components, Inc., Hitachi, Mitsubishi Electric Display Solutions, Schneider Electric, Kalkitech, and Helinks
Highlights of This Reports
An elaborate analysis of the digital substation market trends and growth drivers.
Competitive landscape, such as new product launches, mergers and acquisitions, agreements, latest contracts, agreements, collaborations, and investments.
Estimation of the market size, as well as data about the significant opportunities and challenges.
A general overview of the industry structure.
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Fortune Business Insights™ profiles some of the most prominent companies operating in the digital substation market. They are as follows:
Kalkitech
Siemens
Toshiba America Electronic Components, Inc.
Eaton
Mitsubishi Electric Display Solutions
GE
Helinks LLC
ABB
Schneider Electric
DNV GL
Hitachi
Locamation
Other key market players
Key Players Aim to Gain Competitive Edge Through Strategic Collaborations
The market consists of numerous big, small, and medium enterprises. They are persistently striving to gain the maximum digital substation market share by teaming up with the other renowned companies. Below are two of the most recent industry developments:
September 2019:
Siemens, a German multinational conglomerate company, joined hands with Gliitre Energi Nett, a Norwegian distribution system operator, to build a digital substation. It will be used to pilot the Internet of Things (IoT) applications and analytics for power grids. Siemens’ Siprotec dashboard cloud application, on the other hand, allows the users to get full access to the previously inaccessible data. At the same time, it aids in processing grid data with zero engineering effort in the cloud.
September 2019:
Bharat Heavy Electricals Limited, an Indian government-owned engineering and manufacturing company, signed an agreement for the ‘Digital Substation Collaborative R&D Project’ with Power Grid, an Indian state-owned Maharatna company. As per the agreement, the newly developed optical current transformers (OCTs) and intelligent electronic devices (IEDs) would be validated at the Advanced Research & Technology Centre of Power Grid. The trials will be carried out at the company’s Bhiwadi substation.
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Rapid Adoption of Renewable Energy Sources to Favor Growth in Asia Pacific
The market is geographically fragmented into Latin America, Asia Pacific, Europe, the Middle East and Africa, and North America. Amongst these, Asia Pacific is set to exhibit significant growth owing to the rising demand for electricity from emerging countries. It is mainly occurring because of the ever-increasing population in this region. Apart from that, the rapid adoption of renewable energy sources and surging urbanization in this region is further resulting in the installation of new grids. In Europe, on the other hand, the masses are inclining towards renewable energy sources at a fast pace. It is set to propel the growth of the market in this region. Besides, in North America, the aging electrical infrastructure is being replaced by highly advanced ones. It would also boost the digital substation market revenue in this region.
Market Segmentation:
By Type
By Application
By Geography
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
Regional Analysis:
North America (The USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Content for Digital Substation Market:
Introduction
Executive Summary
Market Dynamics
Key Insights
Global Market Analysis, Insights and Forecast, 2015-2026
North America Market Analysis, Insights and Forecast, 2015-2026
Europe Market Analysis, Insights and Forecast, 2015-2026
Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
Middle East and Africa Market analysis, Insights and Forecast, 2015-2026
Latin America Market Analysis, Insights and Forecast, 2015-2026
Competitive Landscape
Company Profile
Conclusion
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data
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