Dublin, Dec. 11, 2018 (GLOBE NEWSWIRE) -- The "Digital Substations - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to this report, the Global Digital Substations market accounted for $5.6 billion in 2017 and is expected to reach $12.7 billion by 2026 growing at a CAGR of 9.5% during the forecast period.
Growing usage of smart grid technology, increase in substation modernization and rising need for low-cost and flexible power solutions are some of the key driving factors for the market growth. However, high initial investment in the utility sector will hinder the market growth. Moreover, rising demand for renewable energy projects provides ample opportunities for the growth of the market.
Based on voltage, 220kV to 550kV digital substation market segment is anticipated to show a high growth rate due to rising investments by companies in the utility sector, chiefly in the transmission infrastructure. These systems are mainly used in space-restricted places such as metropolitan and industrial areas.
By geography, Asia Pacific digital substation market is expected to grow at a high rate due to the increasing power allocation networks in countries including India, Singapore, Indonesia, Malaysia, and Taiwan. The region has witnessed an increase in the electricity utilization due to the huge customer base and fast industrialization.
What the report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Digital Substations Market, By Type
5.1 Introduction
5.2 Transmission Substation
5.3 Distribution Substation
6 Global Digital Substations Market, By Voltage
6.1 Introduction
6.2 Below 66kV Segment
6.3 Up to 110 kV
6.4 Up to 220 kV
6.5 220-550 kV
6.6 Above 550 kV
7 Global Digital Substations Market, By Module
7.1 Introduction
7.2 Supervisory Control and Data Acquisition (SCADA) Systems
7.3 Hardware
7.3.1 Busbars
7.3.2 Protection Devices
7.3.2.1 Condition Monitoring Systems
7.3.2.2 Protective Relays
7.3.2.3 Switchgears
7.3.2.4 Circuit Breakers
7.3.3 Transformers
7.3.4 Interfacing Units
7.3.4.1 Remote Terminal Units
7.3.4.2 Programmable Logic Controllers
7.3.4.3 Human-Machine Interfaces
7.3.5 Other Hardwares
7.4 Fiber Optic Communication Network
8 Global Digital Substations Market, By End User
8.1 Introduction
8.2 Metal
8.3 Oil & Gas
8.4 Transportation
8.5 Utility
8.5.1 Renewables
8.5.2 Non-Renewables
8.6 Mining
8.7 Other End Users
9 Global Digital Substations Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Thytronic S.p.A.
11.2 Fuji Electric Co. Ltd.
11.3 ABB Ltd.
11.4 Siemens Corporation
11.5 Schneider Electric S.E.
11.6 Cisco Systems Inc.
11.7 Honeywell International Inc.
11.8 Eaton Corporation
11.9 Emerson Electric Co.
11.10 NR Electric Co. Ltd.
11.11 Larsen & Toubro Limited
11.12 Schweitzer Engineering Laboratories Inc.
11.13 Cadillac Automation and Controls
11.14 S&C Electric Company
For more information about this report visit https://www.researchandmarkets.com/research/25nfgs/digital?w=12
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