Digital Substations Market
PUBLISHED: 2021 ID: SMRC21209
SHARE
SHARE

Digital Substations Market

Digital Substations Market Forecasts to 2028 – Global Analysis By Type (Transmission, Distribution), Voltage (Low, High), Architecture (Station, Bay, Process), End User (Oil & Gas, Utility) and By Geography

4.9 (54 reviews)
4.9 (54 reviews)
Published: 2021 ID: SMRC21209

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Digital Substations Market is accounted for $6.40 billion in 2020 and is expected to reach $12.85 billion by 2028 growing at a CAGR of 9.1% during the forecast period. Growing usage of smart grid technology, increase in substation modernization and rising need for low-cost and flexible power solutions are driving the market growth. However, high initial investment is hampering the growth of the market.

Digital substation is an amalgamation of switchgear, transformers, substation automation, monitoring & diagnostics and the standard process bus process, and acts as the backbone of smart grids. They even grant real time phases measurement data, increasingly, required to control the power flow and keep the grid stable, despite the quickly rising share of alternating renewable energy sources.

Based on the voltage, the 220kV to 550kV segment is going to have lucrative growth during the forecast period due to the rising investments by companies in the utility sector, chiefly in the transmission infrastructure. These systems are mainly used in space-restricted places such as metropolitan and industrial areas.

By geography, North America is going to have high growth during the forecast period due to the rising the demand for electricity consumption is increasing because of the large consumer base and rapid industrialization in the region. Moreover government initiatives to enhance the legacy infrastructure and ongoing projects increase market growth.

Some of the key players profiled in the Digital Substations Market include Fuji Electric Co., Ltd., ABB Ltd, Siemens Corporation, Schneider Electric S.E., Cisco Systems, Inc., Honeywell International Inc.,  Eaton Corporation, Emerson Electric Co., NR Electric Co., Ltd., Larsen & Toubro Limited, Cadillac Automation and Controls and TEKVEL Ltd.

Types Covered:
• Transmission Substation 
• Distribution Substation
 
Voltage Levels Covered:
• Low 
• Medium 
• High
 
Modules Covered: 
• Supervisory Control and Data Acquisition (SCADA) Systems 
• Hardware (Electrical System) 
• Interfacing Units 
• Fiber Optic Communication Network  
• Substation Automation System
 
Installation Types Covered:
• New Installations 
• Retrofit/Refurbished Installations
 
Architecture s Covered:
• Station 
• Bay 
• Process
 
Voltages Covered: 
• Below 33 kV 
• 33kV- 66kV 
• 66kV to 110 kV 
• 110kV-220 kV 
• 220–550 kV 
• Above 550 kV 

End Users Covered:
• Metal & Mining 
• Oil & Gas  
• Transportation 
• Utility 
• Heavy Industries 
• Power Generation 
• Transportation & Logistics 
• Defense & Aerospace 
• Process & Manufacturing 

 Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 End User Analysis   
 3.7 Emerging Markets   
 3.8 Impact of Covid-19   
     
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes    
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Digital Substations Market, By Type    
 5.1 Introduction   
 5.2 Transmission Substation   
 5.3 Distribution Substation   
     
6 Global Digital Substations Market, By Voltage Level    
 6.1 Introduction   
 6.2 Low   
 6.3 Medium   
 6.4 High   
     
7 Global Digital Substations Market, By Module    
 7.1 Introduction   
 7.2 Supervisory Control and Data Acquisition (SCADA) Systems   
 7.3 Hardware (Electrical System)   
  7.3.1 Busbars  
  7.3.2 Protection Devices  
   7.3.2.1 Condition Monitoring Systems & Control System 
   7.3.2.2 Protective Relays 
   7.3.2.3 Circuit Breakers/Switchgears 
  7.3.2 Transformers  
 7.4 Interfacing Units   
  7.4.1 Remote Terminal Units (RTU)  
  7.4.2 Programmable Logic Controllers (PLCs)  
  7.4.3 Human–Machine Interfaces (HMI)  
 7.5 Fiber Optic Communication Network    
 7.6 Substation Automation System   
     
8 Global Digital Substations Market, By Installation Type    
 8.1 Introduction   
 8.2 New Installations   
 8.3 Retrofit/Refurbished Installations   
     
9 Global Digital Substations Market, By Architecture    
 9.1 Introduction   
 9.2 Station   
 9.3 Bay   
 9.4 Process   
     
10 Global Digital Substations Market, By Voltage    
 10.1 Introduction   
 10.2 Below 33 kV   
 10.3 33kV- 66kV   
 10.4 66kV to 110 kV   
 10.5 110kV-220 kV   
 10.6 220–550 kV   
 10.7 Above 550 kV   
     
11 Global Digital Substations Market, By End User    
 11.1 Introduction   
 11.2 Metal & Mining   
 11.3 Oil & Gas    
 11.4 Transportation   
 11.5 Utility   
  11.5.1 Renewables  
  11.5.2 Non-Renewables  
 11.6 Heavy Industries   
 11.7 Power Generation   
 11.8 Transportation & Logistics   
 11.9 Defense & Aerospace   
 11.10 Process & Manufacturing   
     
12 Global Digital Substations Market, By Geography    

 12.1 Introduction   
 12.2 North America   
  12.2.1 US  
  12.2.2 Canada  
  12.2.3 Mexico  
 12.3 Europe   
  12.3.1 Germany  
  12.3.2 UK  
  12.3.3 Italy  
  12.3.4 France  
  12.3.5 Spain  
  12.3.6 Rest of Europe  
 12.4 Asia Pacific   
  12.4.1 Japan  
  12.4.2 China  
  12.4.3 India  
  12.4.4 Australia  
  12.4.5 New Zealand  
  12.4.6 South Korea  
  12.4.7 Rest of Asia Pacific  
 12.5 South America   
  12.5.1 Argentina  
  12.5.2 Brazil  
  12.5.3 Chile  
  12.5.4 Rest of South America  
 12.6 Middle East & Africa   
  12.6.1 Saudi Arabia  
  12.6.2 UAE  
  12.6.3 Qatar  
  12.6.4 South Africa  
  12.6.5 Rest of Middle East & Africa  
     
13 Key Developments    
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 13.2 Acquisitions & Mergers   
 13.3 New Product Launch   
 13.4 Expansions   
 13.5 Other Key Strategies   
     
14 Company Profiling    
 14.1 Fuji Electric Co., Ltd.          
 14.2 ABB Ltd            
 14.3 Siemens Corporation          
 14.4 Schneider Electric S.E.          
 14.5 Cisco Systems, Inc.            
 14.6 Honeywell International Inc.          
 14.7 Eaton Corporation           
 14.8 Emerson Electric Co.          
 14.9 NR Electric Co., Ltd.           
 14.10 Larsen & Toubro Limited          
 14.11 Cadillac Automation and Controls         
 14.12 TEKVEL Ltd.   


List of Tables     
1 Global Digital Substations Market Outlook, By Region (2019-2028) ($MN)    
2 Global Digital Substations Market Outlook, By Type (2019-2028) ($MN)    
3 Global Digital Substations Market Outlook, By Transmission Substation (2019-2028) ($MN)    
4 Global Digital Substations Market Outlook, By Distribution Substation (2019-2028) ($MN)    
5 Global Digital Substations Market Outlook, By Voltage Level (2019-2028) ($MN)    
6 Global Digital Substations Market Outlook, By Low (2019-2028) ($MN)    
7 Global Digital Substations Market Outlook, By Medium (2019-2028) ($MN)    
8 Global Digital Substations Market Outlook, By High (2019-2028) ($MN)    
9 Global Digital Substations Market Outlook, By Module (2019-2028) ($MN)    
10 Global Digital Substations Market Outlook, By Supervisory Control and Data Acquisition (SCADA) Systems (2019-2028) ($MN)    
11 Global Digital Substations Market Outlook, By Hardware (Electrical System) (2019-2028) ($MN)    
12 Global Digital Substations Market Outlook, By Busbars (2019-2028) ($MN)    
13 Global Digital Substations Market Outlook, By Protection Devices (2019-2028) ($MN)    
14 Global Digital Substations Market Outlook, By Transformers (2019-2028) ($MN)    
15 Global Digital Substations Market Outlook, By Interfacing Units (2019-2028) ($MN)    
16 Global Digital Substations Market Outlook, By Remote Terminal Units (RTU) (2019-2028) ($MN)    
17 Global Digital Substations Market Outlook, By Programmable Logic Controllers (PLCs) (2019-2028) ($MN)    
18 Global Digital Substations Market Outlook, By Human–Machine Interfaces (HMI) (2019-2028) ($MN)    
19 Global Digital Substations Market Outlook, By Fiber Optic Communication Network (2019-2028) ($MN)    
20 Global Digital Substations Market Outlook, By Substation Automation System (2019-2028) ($MN)    
21 Global Digital Substations Market Outlook, By Installation Type (2019-2028) ($MN)    
22 Global Digital Substations Market Outlook, By New Installations (2019-2028) ($MN)    
23 Global Digital Substations Market Outlook, By Retrofit/Refurbished Installations (2019-2028) ($MN)    
24 Global Digital Substations Market Outlook, By Architecture (2019-2028) ($MN)    
25 Global Digital Substations Market Outlook, By Station (2019-2028) ($MN)     
26 Global Digital Substations Market Outlook, By Bay (2019-2028) ($MN)    
27 Global Digital Substations Market Outlook, By Process (2019-2028) ($MN)    
28 Global Digital Substations Market Outlook, By Voltage (2019-2028) ($MN)    
29 Global Digital Substations Market Outlook, By Below 33 kV (2019-2028) ($MN)    
30 Global Digital Substations Market Outlook, By 33kV- 66kV (2019-2028) ($MN)    
31 Global Digital Substations Market Outlook, By 66kV to 110 kV (2019-2028) ($MN)    
32 Global Digital Substations Market Outlook, By 110kV-220 kV (2019-2028) ($MN)    
33 Global Digital Substations Market Outlook, By 220–550 kV (2019-2028) ($MN)    
34 Global Digital Substations Market Outlook, By Above 550 kV (2019-2028) ($MN)    
35 Global Digital Substations Market Outlook, By End User (2019-2028) ($MN)    
36 Global Digital Substations Market Outlook, By Metal & Mining (2019-2028) ($MN)    
37 Global Digital Substations Market Outlook, By Oil & Gas (2019-2028) ($MN)    
38 Global Digital Substations Market Outlook, By Transportation (2019-2028) ($MN)    
39 Global Digital Substations Market Outlook, By Utility (2019-2028) ($MN)    
40 Global Digital Substations Market Outlook, By Renewables (2019-2028) ($MN)    
41 Global Digital Substations Market Outlook, By Non-Renewables (2019-2028) ($MN)    
42 Global Digital Substations Market Outlook, By Heavy Industries (2019-2028) ($MN)    
43 Global Digital Substations Market Outlook, By Power Generation (2019-2028) ($MN)    
44 Global Digital Substations Market Outlook, By Transportation & Logistics (2019-2028) ($MN)    
45 Global Digital Substations Market Outlook, By Defense & Aerospace (2019-2028) ($MN)    
46 Global Digital Substations Market Outlook, By Process & Manufacturing (2019-2028) ($MN)    
     
Note:
Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials