Digital Substation Market Analysis, Growth by Top Companies, Development by Regions and Forecasts by 2028

The global Digital Substation Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2028. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the digital substation market include Panasonic Corporation, Honeywell International Inc., Texas Instruments Incorporated, Emerson Electric Company, ABB Ltd., NXP Semiconductors, Microchip Technology Incorporated, ABB Limited, On Semiconductor, Maxim Integrated. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

Rising power generation due to growing energy demand and the adoption of automation in power generation, distribution, and management drive the digital substation market. The global digital substation market is projected to grow strongly owing to the growing replacement of conventional equipment with digital substation automation systems. Digital substations offer savings by making use of digital current and voltage sensors that reduce footprint as they can be integrated into primary equipment and do not require regular maintenance or calibration. The future of digital substations to expect that there will be more technologies and developments. The introduction of new standards, high-performing devices, and networking technologies will bring a new era of smart digital substation automation, integration into utility area automation schemes, and enterprise information systems. However, higher capital investments for digital substation will hinder market growth.        

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.

Additionally, these tools also give inclusive assessment of each application/product segment in the global market of digital substation.

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Market Segmentation

The entire digital substation market has been sub-categorized into component, type, voltage and industry vertical. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.

By Component

• Hardware
• Fiber Optic Communication Network
• SCADA

By Type

• Transmission
• Distributed Substation

By Voltage

• Upto 220 kV
• 220–550 kV
• Above 550 kV

By Industry Vertical

• Power Generation
• Metal & Mining
• Oil & Gas
• Transportation & Logistics
• Defense & Aerospace
• Process & Manufacturing
• Others

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for digital substation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.

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