The Business Research Company’s report goes into great detail on the digital substation market size and growth, digital substation market regional analysis, digital substation market competitive landscape, and other critical information needed to excel in the digital substation industry.

Major players in the digital substation market include ABB Group, NR Electric, Eaton Corporation Inc., Schneider Electric, General Electric, Larsen & Toubro, Siemens, Tekvel, Toshiba, Yamal LNG, DNV GL, Hitachi, Igrid T&D, Kalkitech, Locamation, and Panasonic Corporation.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global digital substation market size is expected to grow from $6.16 billion in 2021 to $6.85 billion in 2022 at a compound annual growth rate (CAGR) of 11.19%. The global digital substations market size is expected to grow to $10.47 billion in 2026 at a CAGR of 11.19%.

Europe was the largest region in the digital substation market in 2021.

The digital substation market consists of sales of digital substation by entities (organizations, sole traders, and partnerships) that is used to communicate between the relays in the control house and the instrument breakers, transformers, and merging units in the station yard. The digital substation brings digital technology into the substation. The term digital substation refers to electrical substation in which operation is controlled by distributed intelligent electronic devices (IEDs) linked by the communication networks. It is possible by the use of computing technologies in the substation.

The increasing demand for electricity is expected to propel the growth of the digital substation market.

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Strategic collaboration between companies is a key trend gaining popularity in the digital substation market. Companies that provide digital solutions are undergoing partnerships and collaborations to cope up with the digital transformation that is occurring at a rapid pace.

TBRC’s Global Digital Substation Market Report Is Segmented:
By Voltage Level: Low, Medium, High

By Type: Transmission, Distribution

By Module: Fiber Optics Communication Network, Supervisory Control and Data Acquisition, Hardware

By Industry Vertical: Power Generation, Metal and Mining, Oil and Gas, Transportation and Logistics, Defence and Aerospace, Process and Manufacturing, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Digital Substation Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the digital substation market globally and regionally, analyzes and forecasts market size, share, digital substation market players, digital substation market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Mechanical Power Transmission Equipment Global Market Report 2022

Power Generation, Transmission And Control Equipment Global Market Report 2022

High Voltage Switchgear Global Market Report 2022

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