Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Digital Substation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Substation. This report contains market size and forecasts of Digital Substation in global, including the following market information:
Global Digital Substation Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Digital Substation Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Digital Substation companies in 2022 (%)
The global Digital Substation market was valued at US$ 1942.1 million in 2022 and is projected to reach US$ 2816.8 million by 2029, at a CAGR of 5.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Digital Substation manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digital Substation Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Digital Substation Market Segment Percentages, by Type, 2022 (%)
Up to 110 kV
110 to 330 kV
Above 330 kV
Global Digital Substation Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Digital Substation Market Segment Percentages, by Application, 2022 (%)
Power Utility
Industrial
Global Digital Substation Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Digital Substation Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Digital Substation revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Digital Substation revenues share in global market, 2022 (%)
Key companies Digital Substation sales in global market, 2018-2023 (Estimated), (Units)
Key companies Digital Substation sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
General Electric
Siemens
Schneider Electric
Outline of Major Chapters:
Chapter 1: Introduces the definition of Digital Substation, market overview.
Chapter 2: Global Digital Substation market size in revenue and volume.
Chapter 3: Detailed analysis of Digital Substation manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Digital Substation in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Digital Substation capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
