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

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.

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