The global Digital Substation market is predicted to reach 11.5 billion by 2025 and is projected to grow with a striking growth rate of 7.87% over the forecast period 2018-2025, divulges a latest research report presented by Big Market Research. Increasing technological advancements is considered as key trend for the digital substation market. Additionally, the advent of battery technology to generate electricity is also expected to supplement the growth of the market across the globe.
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The digital substation market is significantly driven by the increasing infrastructure development in smart cities. Smart cities enable flexibility and cutting-edge intelligence that would help cities to utilize resources more efficiently to improve everything from air, water quality to transportation, energy and communication systems. According to the Smart America Organization, government would invest $41 trillion till 2045 with an aim to upgrade their infrastructure to benefit from the IOT. As per the company sources, in February 2015, Intel and the city of san Jose, CA collaborated on public-private partnership project which aims to implement Intel’s IoT smart city demonstration platform by launching green vision initiative. This project aims to create environmental sustainability and enhance the quality of life for its citizen. Thus, the market for the digital substation is witnessing growth due to the rising need for replacing aging infrastructure and rising adoption of digital substations in smart cities. As a result, the adoption of digital substation would increase, contributing towards the growth of the market over the forecast period. Furthermore, growing demand for renewable energy projects offers lucrative growth prospects for the digital substation market. However, high cost of deployment is expected to hinder the growth of the digital substation market during the forecast period.
This report is a professional and comprehensive research of the global Digital Substation industry based on the major regional market situations, key driving factors, major competitors, and size & scope of the market. Firstly, the report introduces the Digital Substation market basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials, and so on. The report also presents Porter’s Five Forces model, value chain analysis, and PEST analysis. Furthermore, the competitive scenario in different regions is outlined in the report to assist leading market players, new entrants, and stakeholders determine emerging economies.
Global Digital Substation Market: Regional Segment Analysis
- North America– U.S., Canada
- Europe– UK, Germany.
- Asia Pacific– China, India, Japan
- Latin America– Brazil, Mexico, Rest of the World
The report also presents detailed information about the major players as well as some minor players of the Digital Substation sector.
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The Key Players mentioned in our report: ABB, Siemens, General Electric, Schneider Electric, Honeywell, Cisco, Eaton, Emerson, NR Electric, Larsen & Toubro.
The research reveals the performance of each player active in the industry. In addition, the report offers an overview of recent developments of each player in the market. All these insights provided in the report are valuable to anyone interested in investing in the Digital Substation industry. These insights may help them in determining the strength of their competitors and take the required steps to gain a dominant position in the industry.
Additionally, the research report delivers a complete analysis of the key segments of the Digital Substation sector with the help of charts, graphs, and tables. An overview of each market segment such as type, application, and region are also provided in the report. Investors, stakeholders, product managers, marketing officials, and other professionals in search of detailed data on supply, demand, and future predictions would find the report beneficial.
This research report is prepared based on an in-depth analysis of the market by expert analysts. The insights provided in the report would help stakeholders determine investment suitability and market players to take hold of opportunities for partnerships, collaborations, and agreements.
Table of Contents
Chapter 1. Executive Summary
Chapter 2. Global Digital Substation Market Definition and Scope
Chapter 3. Global Digital Substation Market Dynamics
Chapter 4 Digital Substation Market Industry Analysis
Chapter 5 Digital Substation Market, by Application
Chapter 6 Digital Substation Market, by Deployment Mode
Chapter 7 Digital Substation Market, by Regional Analysis
Chapter 8 Competitive Intelligence
Chapter 9. Research Process
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