Global digital substation market is estimated to grow at a CAGR of 7.87% during the forecast period during the forecast period 2019-2025.
Industrial development around the world has increased digitization in many sectors. Innovation in the digitization market is not only related to the invention of new products, but also to the upgrade of available products and technologies. One such innovation is a digital substation. Substations are part of power generation, distribution and transmission systems. A transformer is used to convert current from high voltage to low voltage and vice versa. Digital substations consist of introducing intelligence into the substation system. The evolutionary transition from wired to optical networks is the reason digital substations have evolved.
Digital substation is a term used to describe an electrical substation in which operations are managed among various distributed intelligent electronic devices interconnected by a communication network. This substation has great advantages in terms of design and engineering, installation and operation. Additionally, these devices are proliferating worldwide due to their maximum availability, reliability and smart grid communication capabilities.
A full report of Digital Substation Market is available at: https://www.orionmarketreports.com/digital-substation-market/10546/
Digital substation Market Segmentation:
In this report, the digital substation market has been segmented into the following categories:
By Module:
• Hardware
• Fiber-optic Communication Networks
• SCADA Systems
By Type:
• Transmission Substation
• Distribution Substation
By Installation Type
• New Installations
• Retrofit Installations
By Voltage
• Up to 220kV
• 220-500kV
• Above 500kV
By Industry:
• Utility
• Heavy Industries
• Transportation
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Digital Substation Market Report
• What was the Digital Substation Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Digital Substation Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Digital Substation Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
