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Digital substations can boost the flexibility and responsiveness of transmission and distribution grids by capturing and using accurate, real-time data to control grid stability and react quickly to changing grid conditions.
Europe occupied 32.69% of the sales market in 2017. It is followed by North America and China which respectively accounted for around 25.83% and 21.60% of the global total industry. Other countries have a smaller amount of sales. Geographically, Europe was the largest production market in the world, which took about 49.03% of the global sales volume in 2017. ABB, General Electric, Siemens and Schneider Electric are the top 4 players of Digital Substation, with about 86% market shares.
Market Analysis and Insights: Global Digital Substation Market
In 2020, the global Digital Substation market size was US$ 1785.8 million and it is expected to reach US$ 2632.4 million by the end of 2027, with a CAGR of 5.7% during 2021-2027.
Global Digital Substation Scope and Market Size
Digital Substation market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Digital Substation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Segment by Type, the Digital Substation market is segmented into
Up to 110 kV
110 to 330 kV
Above 330 kV
Segment by Application, the Digital Substation market is segmented into
Power Utility
Industrial
Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Digital Substation market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Digital Substation product introduction, recent developments, Digital Substation sales by region, type, application and by sales channel.
The major companies include:
ABB
General Electric
Siemens
Schneider Electric
Europe occupied 32.69% of the sales market in 2017. It is followed by North America and China which respectively accounted for around 25.83% and 21.60% of the global total industry. Other countries have a smaller amount of sales. Geographically, Europe was the largest production market in the world, which took about 49.03% of the global sales volume in 2017. ABB, General Electric, Siemens and Schneider Electric are the top 4 players of Digital Substation, with about 86% market shares.
Market Analysis and Insights: Global Digital Substation Market
In 2020, the global Digital Substation market size was US$ 1785.8 million and it is expected to reach US$ 2632.4 million by the end of 2027, with a CAGR of 5.7% during 2021-2027.
Global Digital Substation Scope and Market Size
Digital Substation market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Digital Substation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Segment by Type, the Digital Substation market is segmented into
Up to 110 kV
110 to 330 kV
Above 330 kV
Segment by Application, the Digital Substation market is segmented into
Power Utility
Industrial
Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Competitive Landscape
and Digital Substation Market Share AnalysisDigital Substation market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Digital Substation product introduction, recent developments, Digital Substation sales by region, type, application and by sales channel.
The major companies include:
ABB
General Electric
Siemens
Schneider Electric
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
