Press release
Smart Substation Market Rising Demand, Trends and Growing Industry 2022 to 2028
The research study on the global Smart Substation market covers industry sectors, market climate, emerging innovations, competitive intelligence, and current developments in the industry. The sector study investigates the business dynamics of the rising economy, as well as current driving forces, market conditions, risks, trends, and problems. The analysis identifies the exact impact on the revenue and demand due to the disturbances caused by the occurrence of COVID-19. The recently launched growth strategies and development programs by the government and leading players in the market with the aim to impulse growth in the Smart Substation market are included in the report.The global Smart Substation market is expected to grow at a CAGR of 7.35% during the period 2022-2028, according to Market intelligence data.
Click Here to Get a Free Sample:
https://www.marketintelligencedata.com/reports/3417548/global-smart-substation-market-insights-and-forecast-to-2028/inquiry?mode=pooja
Main Key Players:
ABB, General Electric, Siemens, Schneider Electric, Eaton, Rockwell Automation and others.
Recent Developments
In February 2020, ABB's substation won contract by Enel Green Power to deliver emission-free solar power to Brazil's 500 kilovolt (kV) transmission network from the São Gonçalo solar photovoltaic (PV) plant, the largest solar PV in South America, located in Piauí, northeast of the country. This is the world's first digital substation for the 500 kV alternating current rating.
January 2020, Siemens introduced a new line module for the Ruggedcom RST2228 and RST2228P Layer 2 19" rack switches, the Ruggedcom RMM2972-2RNA. This module strengthened the Ruggedcom RST2228 19" rack switch offering for electric power utilities by providing seamless redundancy with PRP/HSR (Parallel Redundancy Protocol/High-availability Seamless Redundancy), enhanced IEEE1588 implementation, high bandwidth uplinks, and traffic filtering and segmentation from a single device. This module eliminates network downtime due to single points of fault, resulting in high reliability and availability for modern digital substation applications as mandated by the IEC 61850 standard.
In May 2019, Eaton launched a frequency response energy solution, Energy Aware, which enables energy-intensive industries to stabilize grids and contribute to renewable power.
In January 2020, Schneider Electric announced the expansion of its UK manufacturing facilities in Scarborough and Leeds driven by rising demand for renewable and green technologies. Schneider Electric's Leeds and Scarborough sites currently specialize in the manufacture of switchgear for high-voltage, medium voltage, and low-voltage environments. Switchgear is used in electricity substations and large buildings, such as hospitals, factories, or residential flats, to control, protect, and isolate electrical equipment.
Dividing the Global Smart Substation Market by Product types and Application
Segmentation By Type:
110 KV
750 KV
500 KV
220 KV
Other
Segmentation By Application:
New
Refurbished
Market Analysis and Insights: Global Smart Substation Market
Smart Substation Market report provides you with detailed insights, industry knowledge, market forecasts and analytics. The report on the global Smart Substation industry also clarifies economic risks and environmental compliance. Global market report assists industry enthusiasts including investors and decision makers to make confident capital investments, develop strategies, optimize their business portfolio, innovate successfully and perform safely and sustainably.
The report on the Smart Substation market covers the following region (country) analysis:
Asia Pacific (APAC) is projected to be the fastest-growing market for Smart substation, in terms of electricity consumption and rural electrification. The modernization of industrial infrastructure in APAC is growing at a high rate for a few years, and the same trend is expected to continue in the future. The Smart substation market in this region is expected to grow at the highest rate among all other regions due to rapid industrialization, modernization of grid infrastructure, and entry of many private companies in the power sector, increased spending by governments to boost the utility sector, and increasing number of power utilities. Smart substations provide cost-effective solutions, which help in meeting the rising demand for electricity in countries such as China, India, and Singapore.
Request for a complete report with TOC:
https://www.marketintelligencedata.com/reports/3417548/global-smart-substation-market-insights-and-forecast-to-2028?mode=pooja
Key takeaways from the Smart Substation Industry study
- Simplified and insightful comprehensive Smart Substation market analysis
- Evaluation of growth derivatives, crucial constraints, opportunities, and challenges
- Internal business overview including business connectivity, sales records, supply chain strategies and capabilities, product development, and marketing trends
- Exact Smart Substation industry valuation
- Future forecasts and Smart Substation market estimations followed by a demand to supply ratio projections
- Competitive benchmarking coupled with competitive analysis
- Key strategic initiatives fuelling Smart Substation market growth
- In-depth assessment of the product, application, and regional segments
- Neutral geographic survey based on macro and micro-economic factors highlighting the growth potential of developed and developing economies
Following are the major TOC of the Smart Substation Market:
Chapter 1: Smart Substation Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Smart Substation Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Smart Substation Market Forecast
BUY NOW:
https://www.marketintelligencedata.com/report/purchase/3417548?mode=su?mode=pooja
The years considered for the study are as follows:
Base Year: 2021
Estimated Year: 2022
Projected Year: 2028
Forecast Period: 2022 to 2028
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
We Offer Customization on Reports Based on Specific Client Requirements:
Client will get one free update on the purchase of Corporate User License.
Quarterly Industry Update for 1 Year at 40% of the report cost per update.
One dedicated research analyst allocated to the client.
Fast Query resolution within 48 hours.
Industry Newsletter at USD 100 per month per issue.
Please contact our sales experts ( sales@marketintelligencedata.com ) and we will ensure that you get a report that suits your needs.
Thank you for taking the time to read our article…!!
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
Contact Us:
Irfan Tamboli (Head of Sales) - MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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 Smart Substation Market Rising Demand, Trends and Growing Industry 2022 to 2028 here
News-ID: 2618743 • Views: …
More Releases from Market Insights Reports
Cold Chain Monitoring Market May See a Big Move | BlueAir, Denso, Eureka Forbes, …
Market Insights Reports published a new research publication on "Cold Chain Monitoring Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Cold Chain Monitoring market was mainly driven by the increasing R&D spending across the world.
Some of the key players…
Outbound Logistics Market Next Big Thing | Major Giants- Draexlmaier, Faurecia, …
Market Insights Reports published a new research publication on "Outbound Logistics Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Outbound Logistics market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in…
Veterinary Telemedicine Market May See a Big Move | Nestle, Deuerer, The J.M. Sm …
Market Insights Reports published a new research publication on "Veterinary Telemedicine Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Veterinary Telemedicine market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in…
Precision Planting Market is Set to Fly High in Years to Come
Market Insights Reports published a new research publication on "Precision Planting Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Precision Planting market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
