Press release
Digital Substation Market Growth by Top Key Players | Texas Instruments, GE, Schneider, Cisco, L&T, ABB, Efacec, Belden Inc., Emerson, Eaton, Siemens, Rockwell Automation
Digital Substation Market
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Furthermore, advancing product specifications along with major industry players undertaking mergers & acquisitions as a key strategic implication will augment the industry landscape.
Digital substation market has primarily been influenced by various regulatory mandates and guidelines, which have laid numerous standards pertaining to the manufacturing & deployment of these units. Standalone areas have acted as a pivotal for regulators & installers as these products hold a significant potential for industry expansion. Moreover, the rising energy demand supported by favorable consumer inclination to integrate a renewable electricity infrastructure will energize the business landscape.
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Leading Key Players in Digital Substation Market are:
o ABB Limited
o Locamation
o Efacec
o NetControl
o Tesco Automation
o Texas Instruments
o Belden Inc
o NR Electric
o Emerson Electric Co.
o Strategies
o General Electric
o Eaton
o Schneider Electric
o Siemens
o Cisco Systems Inc.
o Rockwell Automation
o L&T Electrical and Automation
o Guodian Nanjing Automation Co.
o Open System International
o Beijing Sifang Automation Co.
Consumer shift favored by government strategies to develop an optimized and smart electrical network has fueled the industry growth. Major industry participants have been allocating funds to develop technologies to enhance the ongoing digitalization across the industrial platform. Communication technology has witnessed momentum across substation units on account of their efficient feedback capabilities; allowing optimal time for fault detection and failure corrections. In addition, utilities are aligning their fund flows toward an uninterrupted power supply across major regions which has integrated a sustainable business scenario.
Digital substation market across Asia Pacific, in 2018, exceeded USD 2.5 billion. Energy demand has primarily been driven by the ongoing and planned industrial & commercial establishments. Shifting trends subject to the renewal of overhead transmission lines with aerial bunched cables & underground wires will further complement the technological adoption. Furthermore, advancing economic scenario along with ongoing technological enhancements will result in swift growth of micro-grid network, which will positively sway the business outlook.
Table of content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions & abbreviations
1.2.1 Definitions
1.2.2 Abbreviations
1.3 Market estimates and forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Digital substation market 3600 synopsis, 2014 - 2025
2.1.1 Business trends
2.1.2 Component trends
2.1.3 Architecture trends
2.1.4 Application trends
2.1.5 Connectivity trends
2.1.6 Voltage level trends
2.1.7 End use trends
2.1.8 Installation trends
2.1.9 Regional trends
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