Press release
Digital Substation Market to reach USD 12.33 Bn by 2029 growing at a CAGR of 6.4 percent and forecast (2022-2029)
Digital Substation Market
Digital Substation Market Report Scope and Research Methodology
The report provides an analysis of the Digital Substation Market with industry revenue, market leaders, and followers and disrupted on the basis of various regions and countries across the globe as well as forecast in terms of value. The report covers competitive analysis of market drivers, restraints, opportunities and growth of the Digital Substation Market in detail. Also provides an industry profile, market strategies, status, and core competitors and includes the factors that are supposed to affect the business positively or negatively and will give an easy and clear business view of the industry to the decision-makers such as investors and stakeholders. The report provides an analysis of the key players in the Digital Substation Market including their size, market share, market revenue, market growth, production volume, and profitability. The report gives regional coverage of key industries covered in the report to measure their dominance with Key manufacturers. Bottom-up approach was used to estimate the Digital Substation Market size.
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Digital Substation Market Dynamics
The increasing demand for compact automation solutions is expected to drive Digital Substation Market growth. The increasing usage of smart grid technology, substation modernization and the growing need for low-cost and flexible power solutions are expected to drive Digital Substation Market growth during the forecast period. However, the high initial investment for the implementation of Digital Substations is expected to hamper the Digital Substation Market growth. The Digital Substation Market is driven by increasing demand for renewable power generation energy and growing infrastructure development in emerging economies across the world.
Digital Substation Market Regional Insights
APAC dominated the Digital Substation Market share in 2022 and is expected to significantly grow at a CAGR during the forecast period. The Digital Substation Market growth is driven by government initiatives for digitalization, changing living standards, a strong industrial base as well as growing demand for automobiles in the region. Also increasing demand for commercial and passenger vehicles is expected to influence the Digital Substation Market growth during the forecast period.
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Digital Substation Market Segmentation
By Module:
•Hardware
• Transformers
• Busbars
• Protection Devices
• Circuit Breakers
• Protective Relays
• Switchgears
• Interfacing Units
• Human-Machine Interfaces
• Remote Terminal Units
• Programmable Logic Controllers
• Others
• Fiber optic communication network
• Supervisory control and data acquisition
By Voltage:
• Up to 220 kV
• 220 kV to 550 kV
• Above 550 kV
By Type:
• Transmission substation
• Distribution substation
By Industry:
• Utility
• Metal
• Mining
• Oil & Gas
• Transportation
Digital Substation Market Key Players include:
• Larsen & Toubro
• Emerson
• Cisco Systems Inc.
• Eaton Corporation Plc.
• General Electric
• Siemens AG
• Yamal LNG
• Tekvel
• Igrid T&D
• Honeywell International Inc.
• ABB Ltd
• Schweitzer Engineering Laboratories Inc.
• NR Electric
• Cadillac Automation and Controls
• I-Tor
• Schneider Electric SE
• Locamation
• Efacec
• Tesco Automation
• NetControl
• Belden Inc
• Rockwell Automation
• Open System International
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Table of content for the Digital Substation Market includes:
Global Digital Substation Market: Research Methodology
Global Digital Substation Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Digital Substation Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Digital Substation Market Segmentation
Global Market, by Module (2021-2029)
Global Market, by Voltage (2021-2029)
Global Market, by Type (2021-2029)
Global Market, by Industry (2021-2029)
Regional Global Digital Substation Market(2021-2029)
Regional Market, by Module (2021-2029)
Regional Market, by Voltage (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Industry (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Module, Voltage, Type, Industry and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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