Digital Substation Market share research by applications and regions for 2017-2024

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Digital Substation Market 2024 Opportunity and
Demand Analysis, 2017-2024 Global Market
Insights Inc.
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Regional Analysis of Digital Substation Market

• Asia Pacific digital substation market is
  expected to grow at a high rate owing to the
  expanding power distribution networks in
  countries including India, Singapore, Indonesia,
  Malaysia, and Taiwan. The region has witnessed a
  rise in the electricity consumption owing to the
  large consumer base and fast industrialization.
  Moreover, increasing government initiatives to
  enhance the legacy infrastructure and ongoing
  projects, such as building renewable energy
  sources of high voltage capacity, are supporting
  the regional digital substation market growth.
  For instance, in August 2016, Singapore Power
  (SP), a private entity of the gas electricity
  division of the Singapore Public Utilities Board
  and General Electric (GE) announced a strategic
  collaboration with an aim to implement digital
  substation in the existing infrastructure as a
  part of SP Centre of Excellences SPEAR
  (Singapore Power Advanced Research Development)
  program.

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Application Analysis of Digital Substation Market

• Based on the end-use industry, the digital
  substation market is classified into metal,
  mining, utility, transportation, and oil gas
  sectors. The utility sector accounted for the
  majority of the market share owing to the rise in
  demand for renewable energy sources such as
  hydro, wind, and solar to meet the end-use demand
  for power generation. The digital substations are
  being implemented to a high extent in the utility
  sector owing to their high usage in distributing
  and transmitting power. The sector has witnessed
  a high demand supply gap in the majority of the
  developed and developing economies. The industry
  is witnessing a rise in the number of project
  launches, such as solar projects in the Middle
  East and Asia Pacific countries, driving the
  utility digital substation market growth.
• Based on the voltage, the digital substation
  market is segmented into systems with up to 220
  kV, 220 to 550 kV, and above 550 kV energy.
  Several industries are implementing are up to
  550kV. These systems are mostly used in
  space-restricted areas such as urban and
  industrial areas. The 220kV to 550kV digital
  substation market is anticipated to show a high
  growth rate owing to growing investments by key
  players in the utility sector, mainly in the
  transmission infrastructure. For instance, in
  April 2017, Larsen Toubro Limited announced
  that the company acquired a power transmission
  and distribution contract worth USD 817 million
  from the Government of Qatar to build 30 new
  substations of varying voltage levels across
  Qatar.

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Market research reports Key analytical components
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Competitive Market Share of Digital Substation
Market

• Some key players operating in digital substation
  market include Emerson Electric, Cisco Systems
  Inc., Larsen Toubro, ABB Ltd., NR Electric Co.,
  Ltd., Siemens AG, Eaton Corporation, General
  Electric, Honeywell International, Inc., and
  Schneider Electric, among others. The industry is
  witnessing a rise in strategic partnerships,
  agreements, new product developments, and
  acquisitions. For instance, ABB Ltd., a major
  player in the digital substation market is
  focusing on new product development to maintain a
  leading position and share in the global
  competitive landscape. The company has
  successfully provided power transmission
  infrastructure for the onshore as well as
  offshore transmission substations. The company
  also efficiently integrated into Rampion offshore
  wind farm and extended the existing substation,
  which received the wind power.

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