Digital Substation Market Forecast Showing +8% CAGR to 2025

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The report is a comprehensive exploration of Global Digital Substation market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the global Digital Substation market and more.

Global digital substation market will observe a CAGR of nearly 3 to 11 percent over 2018-2025, pertaining to the increasing demand for digital substation. As per a report, in 2017, the sales of digital substation increased to 69 units from 51 units in 2013 at an average growth rate of 7.85%.

The report analyzes the digital substation market in terms of products, which are categorized as above 330 kV, 110-330 kV, and up to 110 kV. The characteristics of better availability, reduced maintenance cost, and reliability of digital substations as compared to traditional substations are likely to propel the product demand.

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Global Digital Substation market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including:

 Siemens
 Schneider
 General Electric
 Cisco Systems
 Eaton Corp
 Emerson Electric
 Honeywell
 Larsen & Toubro
 Nr Electric

In this report, the global Digital Substation market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:

 Below 66kV
 66kV-220kV
 220-550kV
 Above 550kV

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:

 Utility
 Metal
 Mining

The market has observed a strong penetration in the power utility and industrial applications. Reportedly, the increasing adoption of digital substations in the utility sector will strengthen the overall industry landscape.

In terms of the geographical spectrum, Europe stands as one of the most profitable growth avenues for digital substation market. The region in 2017 held 49.03% of global sales in terms of volume. North America and China are likely to come close behind Europe over the forecast period. Incidentally, North America secured a sales share of 25.835% while China procured 21.60% sales share in 2017. The growing emergence of digital substations in the developed as well as developing countries will accelerate the market growth. The large-scale availability of already established leaders will propel the digital substation market across developed regions.

The competitive trends of digital substation market are highly concentrated with the top player accounting for nearly 34.22% of overall market share. Some of the renowned industry participants are Schneider Electric, General Electric, ABB, and Siemens.

Table of Contents:

Global Digital Substation Market Research Report 2018

1 Digital Substation Market Overview

2 Global Digital Substation Market Competition by Manufacturers

3 Global Digital Substation Capacity, Production, Revenue (Value) by Region (2013-2018)

4 Global Digital Substation Supply (Production), Consumption, Export, Import by Region (2013-2018)

5 Global Digital Substation Production, Revenue (Value), Price Trend by Type

6 Global Digital Substation Market Analysis by Application

7 Global Digital Substation Manufacturers Profiles/Analysis

8 Digital Substation Manufacturing Cost Analysis

9 Industrial Chain, Sourcing Strategy and Downstream Buyers

10 Marketing Strategy Analysis, Distributors/Traders

11 Market Effect Factors Analysis

12 Global Digital Substation Market Forecast (2018-2025)

13 Research Findings and Conclusion

14 Appendix

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Related Report:

Global Digital Substation Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

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.

The worldwide market for Digital Substation is expected to grow at a CAGR of roughly 5.7% over the next five years, will reach 2090 million US$ in 2023, from 1500 million US$ in 2017, according to a new study.

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Release ID: 459820

Name: Arun Hegde
Email: Send Email
Organization: Market Study Report
Address: 4 North Main Street, Selbyville, Delaware 19975 USA