Digital Substations Market: Structure and Overview of Key Market Forces Propelling Market

The “Digital Substations Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” report provides analysis for the period 2016–2026, wherein 2017 is the base year and the period from 2018 to 2026 is the forecast period. Data for 2016 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the growth of the global digital substations market during the forecast period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, the UK, India, China, Japan, GCC countries, South Africa, and Brazil.

This report analyzes and forecasts the market for digital substations at the global and regional level. The market has been forecasted based on revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global digital substations market. It also covers the impact of these drivers and restraints during the forecast period.

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The report comprises a detailed value chain analysis, which provides a comprehensive view of the global digital substations market. Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

Global Digital Substations Market: Taxonomy

This research study on the global digital substations market provides a detailed cross segment and cross country analysis based on the different segments including module, type, voltage, and industry. On the basis of module, the market is segmented into hardware, fiber optic communication network, and SCADA (Supervisory control and data acquisition). On the basis of type, the market is segmented into transmission substations and distribution substations. Based on voltage, the market is classified into Up to 220 kV, 220-550 kV, and Above 500 kV. Based on industry, the market is segmented into utilities, metal, mining, oil & gas, and transportation

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Global Digital Substations Market: Research Methodology

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.

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Global Digital Substations Market: Competitive Dynamics

The report covers well-established players such as ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Cisco Systems, Inc., NR Electric Co., Ltd., EFACEC and Schweitzer Engineering Laboratories, Inc.