Digital Substation Market

Digital Substation Market Size, Share, Growth Analysis, By Component(Substation automation system, Communication network, Electrical system, Monitoring & control system), By Architecture(Process, Bay, Station), By Application(Transmission, Distribution), By Connectivity(< 33 kV, 33 kV to 110 kV, 110 kV to 220 kV, 220 kV to 550 kV), By Voltage Level(Low, Medium, High), By End-use(Utility, Industrial), By Installation(New, Refurbished), By regions(North America, Europe, Asia Pacific, Middle East and Africa) - Industry Forecast 2024-2031


Report ID: UCMIG25E2022 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Digital Substation Market Insights

Market Overview:

The Digital Substation Market size surpassed USD 6.5 billion in 2021 and is expected to achieve a Compound Annual Growth Rate (CAGR) of over 7.3% from 2022 to 2028. The integration of sophisticated, secure, and adaptable technologies has resulted in the establishment of a sustainable industry platform. The rise in Research and Development (R&D) investments by digital substation solution providers to expand their system portfolios and incorporate a useful technological platform will improve product penetration.

Digital Substation Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
To get more reports on the above market click here to
Get Free Sample

This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Consumer Electronics by segment aggregation, the contribution of the Consumer Electronics in Consumer Durables & Apparel and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

The market for Digital Substation was estimated to be valued at US$ XX Mn in 2021.

The Digital Substation Market is estimated to grow at a CAGR of XX% by 2028.

The Digital Substation Market is segmented on the basis of Component, Architecture, Application, Connectivity, Voltage Level, End-use, Installation, regions.

Based on region, the Digital Substation Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Digital Substation Market are ABB, Locamation, Efacec, Netcontrol Group, Tesco Automation, Texas Instruments, Belden Inc., NR Electric Co., Ltd., Emerson Electric Co., General Electric.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Digital Substation Market

Report ID: UCMIG25E2022

$5,300
BUY NOW GET FREE SAMPLE