Global Digital Substation Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Digital Substation Market is presumed to reach the market size of nearly USD 19.2 Billion by 2032 from USD 10.29 Billion in 2023 with a CAGR of 7.18% under the study period 2024-2032.

Digital substation refers to electrical substations, where an operation is managed between distributed intelligent electronic devices (IEDs) interconnected by communications networks. The system consists of several vital components and elements: intelligent electronic devices (IDE), generic object-oriented substation event (GOOSE), station and process bus, GPS time clock, merging units, and electronic fiber optic CT and VT. The digital substation offers numerous benefits over a traditional arrangement; these include easier and simpler installation with much less wiring, interoperability between devices, improved reliability, improved measurement accuracy and recording of information, enhanced commissioning and operations, easy incorporation of modern electronic CT and VT sensors, and better EMC performance and isolation of circuits.

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 research 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 an inclusive assessment of each segment in the global market of Digital Substation. The growth and trends of Digital Substation industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Digital Substation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Module

Hardware
Fiber Optic Communication Network
SCADA

By Type

Transmission Substations
Distribution Substations

By Voltage

Up to 220 kV
220-550 kV
Above 500 kV

By End-use Industry

Utility
Metal
Mining
Oil & Gas
Transportation

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Digital Substation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

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 ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Cisco Systems Inc., NR Electric Co. Ltd., EFACEC, Schweitzer Engineering Laboratories Inc. This section consists of 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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Product Code: VMR11212765

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. DIGITAL SUBSTATION - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Module
- 3.7.2 Market Attractiveness Analysis By Type
- 3.7.3 Market Attractiveness Analysis By Voltage
- 3.7.4 Market Attractiveness Analysis By End-use Industry
- 3.7.5 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL DIGITAL SUBSTATION MARKET ANALYSIS BY MODULE

5.1. Overview By Module
5.2. Historical and Forecast Data
5.3. Analysis By Module
5.4. Hardware Historic and Forecast Sales By Regions
5.5. Fiber Optic Communication Network Historic and Forecast Sales By Regions
5.6. SCADA Historic and Forecast Sales By Regions

6. GLOBAL DIGITAL SUBSTATION MARKET ANALYSIS BY TYPE

6.1. Overview By Type
6.2. Historical and Forecast Data
6.3. Analysis By Type
6.4. Transmission Substations Historic and Forecast Sales By Regions
6.5. Distribution Substations Historic and Forecast Sales By Regions

7. GLOBAL DIGITAL SUBSTATION MARKET ANALYSIS BY VOLTAGE

7.1. Overview By Voltage
7.2. Historical and Forecast Data
7.3. Analysis By Voltage
7.4. Up to 220 kV Historic and Forecast Sales By Regions
7.5. 220-550 kV Historic and Forecast Sales By Regions
7.6. Above 500 kV Historic and Forecast Sales By Regions

8. GLOBAL DIGITAL SUBSTATION MARKET ANALYSIS BY END-USE INDUSTRY

8.1. Overview By End-use Industry
8.2. Historical and Forecast Data
8.3. Analysis By End-use Industry
8.4. Utility Historic and Forecast Sales By Regions
8.5. Metal Historic and Forecast Sales By Regions
8.6. Mining Historic and Forecast Sales By Regions
8.7. Oil & Gas Historic and Forecast Sales By Regions
8.8. Transportation Historic and Forecast Sales By Regions

9. GLOBAL DIGITAL SUBSTATION MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1 Overview, Historic and Forecast Data Sales Analysis
- 9.3.2 North America By Segment Sales Analysis
- 9.3.3 North America By Country Sales Analysis
- 9.3.4 United States Sales Analysis
- 9.3.5 Canada Sales Analysis
- 9.3.6 Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1 Overview, Historic and Forecast Data Sales Analysis
- 9.4.2 Europe By Segment Sales Analysis
- 9.4.3 Europe By Country Sales Analysis
- 9.4.4 United Kingdom Sales Analysis
- 9.4.5 France Sales Analysis
- 9.4.6 Germany Sales Analysis
- 9.4.7 Italy Sales Analysis
- 9.4.8 Russia Sales Analysis
- 9.4.9 Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1 Overview, Historic and Forecast Data Sales Analysis
- 9.5.2 Asia Pacific By Segment Sales Analysis
- 9.5.3 Asia Pacific By Country Sales Analysis
- 9.5.4 China Sales Analysis
- 9.5.5 India Sales Analysis
- 9.5.6 Japan Sales Analysis
- 9.5.7 South Korea Sales Analysis
- 9.5.8 Australia Sales Analysis
- 9.5.9 South East Asia Sales Analysis
- 9.5.10 Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1 Overview, Historic and Forecast Data Sales Analysis
- 9.6.2 Latin America By Segment Sales Analysis
- 9.6.3 Latin America By Country Sales Analysis
- 9.6.4 Brazil Sales Analysis
- 9.6.5 Argentina Sales Analysis
- 9.6.6 Peru Sales Analysis
- 9.6.7 Chile Sales Analysis
- 9.6.8 Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1 Overview, Historic and Forecast Data Sales Analysis
- 9.7.2 Middle East & Africa By Segment Sales Analysis
- 9.7.3 Middle East & Africa By Country Sales Analysis
- 9.7.4 Saudi Arabia Sales Analysis
- 9.7.5 UAE Sales Analysis
- 9.7.6 Israel Sales Analysis
- 9.7.7 South Africa Sales Analysis
- 9.7.8 Rest Of Middle East And Africa Sales Analysis

10. COMPETITIVE LANDSCAPE OF THE DIGITAL SUBSTATION COMPANIES

10.1. Digital Substation Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11. COMPANY PROFILES OF DIGITAL SUBSTATION INDUSTRY

11.1. Top Companies Market Share Analysis
11.2. Market Concentration Rate
11.3. ABB Ltd
- 11.3.1 Company Overview
- 11.3.2 Company Revenue
- 11.3.3 Products
- 11.3.4 Recent Developments
11.4. Siemens AG
- 11.4.1 Company Overview
- 11.4.2 Company Revenue
- 11.4.3 Products
- 11.4.4 Recent Developments
11.5. Schneider Electric SE
- 11.5.1 Company Overview
- 11.5.2 Company Revenue
- 11.5.3 Products
- 11.5.4 Recent Developments
11.6. Eaton Corporation Plc
- 11.6.1 Company Overview
- 11.6.2 Company Revenue
- 11.6.3 Products
- 11.6.4 Recent Developments
11.7. Emerson Electric Co.
- 11.7.1 Company Overview
- 11.7.2 Company Revenue
- 11.7.3 Products
- 11.7.4 Recent Developments
11.8. Honeywell International Inc.
- 11.8.1 Company Overview
- 11.8.2 Company Revenue
- 11.8.3 Products
- 11.8.4 Recent Developments
11.9. Cisco Systems Inc.
- 11.9.1 Company Overview
- 11.9.2 Company Revenue
- 11.9.3 Products
- 11.9.4 Recent Developments
11.10. NR Electric Co. Ltd.
- 11.10.1 Company Overview
- 11.10.2 Company Revenue
- 11.10.3 Products
- 11.10.4 Recent Developments
11.11. EFACEC
- 11.11.1 Company Overview
- 11.11.2 Company Revenue
- 11.11.3 Products
- 11.11.4 Recent Developments
11.12. Schweitzer Engineering Laboratories Inc
- 11.12.1 Company Overview
- 11.12.2 Company Revenue
- 11.12.3 Products
- 11.12.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies