Press release
What's driving the Digital Substation Market trends? ABB, General Electric, Siemens, Schneider Electric
Digital Substation Market, Digital Substation Market Size, Digital Substation Market Share, Digital Substation Market Growth, Digi
According to this study, over the next five years the Digital Substation market will register a 5.7% CAGR in terms of revenue, the global market size will reach US$ 2090 million by 2024, from US$ 1500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Digital Substation business,
The key manufacturers covered in this report:
o ABB
o General Electric
o Siemens
o Schneider Electric
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Digital substations can boost the flexibility and responsiveness of transmission and distribution grids by capturing and using accurate, real-time data to control grid stability and react quickly to changing grid conditions. Europe occupied 32.69% of the sales market in 2017. It is followed by North America and China which respectively accounted for around 25.83% and 21.60% of the global total industry. Other countries have a smaller amount of sales. Geographically, Europe was the largest production market in the world, which took about 49.03% of the global sales volume in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Digital Substation market by product type, application, key manufacturers and key regions and countries. This study considers the Digital Substation value and volume generated from the sales of the following segments:
Segmentation by product type:
Up to 110 kV
110 to 330 kV
Above 330 kV
Segmentation by application
Power Utility
Industrial
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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Research objectives
To study and analyze the global Digital Substation consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Digital Substation market by identifying its various subsegments.
Focuses on the key global Digital Substation manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Digital Substation with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Digital Substation submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Digital Substation Consumption Market Report
1 Scope of the Report
2 Executive Summary
3 Global Digital Substation by Players
4 Digital Substation by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Digital Substation Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
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