Report Description

The global digital substation market is projected to grow at a CAGR of over 6% in value terms, during 2023-2027. Rising demand for redeveloping old infrastructure, growing implementation of digital substations in the countries, increase in demand for electricity and government funding initiatives in collaboration with the private entities are expected to boost demand for digital substation across the globe.

The global digital substation market is segmented based on module, type, voltage, end use and region. Based on module, hardware module is anticipated to hold the largest market share as they are used in transformers and form major part of the market. Based on end use, utility industry is expected to be the fastest growing market, globally. Regionally, Asia Pacific is expected to remain the market leader in the global digital substance as government in developing countries are engaged in improving infrastructure.

Some of the major players operating in the global digital substation market include BB Group, General Electric, Siemens, Schneider Electric and Cisco Systems, among others.

Objective of the Study:

  • To analyze and forecast market size of the global digital substation market, in terms of value.
  • To define, classify and forecast the global digital substation market on the basis of module, type, voltage, end use  and region.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global digital substation market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
  • To identify tailwinds and headwinds for the global digital substation market.
  • To examine competitive developments such as expansion, mergers & acquisitions in the global digital substation market.
  • To strategically profile the leading players, which are involved in the supply of digital substation globally.


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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of digital substation providers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include providers that could not be identified due to the limitations of secondary research. TechSci Research analysed type, business function, component, end user and regional presence of all major digital substation providers across the globe.

TechSci Research calculated the market size for the global digital substation market using a bottom-up approach, where providers’ value data for different module of (hardware, fiber optic communication network and scada) digital substation was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective providers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

  • Global digital substation providers
  • Research organizations and consulting companies
  • Organizations, associations and alliances related to digital substation
  • Government bodies such as regulating authorities and policy makers.
  • Industry associations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Digital Substation providers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

  • Module
  • Type
  • Voltage
  • End Use

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Iraq; Brazil, Argentina, Colombia;

Key companies profiled

BB Group, General Electric, Siemens, Schneider Electric and Cisco Systems.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global digital substation market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Digital Substation Market, by Module:
    • Global Digital Substation Market       
      • Hardware
      • Fiber Optic Communication Network
      • SCADA
  • Global Digital Substation Market, by Type:
      • Transmission
      • Distribution Substation
  • Global Digital Substation Market, by Voltage:
      • Up to 220 kV
      • 220–550 kV
      • above 550 kV
  • Global Digital Substation Market, by End Use:
      • Metal
      • Utility
      •  Mining
      •  Oil & Gas
      •  Transportation
  • Global Digital Substation Market, by Region:
    • North America

§  United States

§  Canada

§  Mexico

§  Rest of North America

    • Europe

§  United Kingdom

§  Germany

§  France

§  Italy

§  Spain

§  Rest of Europe

    • Asia Pacific

§  China

§  Japan

§  South Korea

§  Australia

§  India

§  Rest of APAC

    • South America

§  Brazil

§  Argentina

§  Colombia

§  Rest of South America

    • MEA

§  Saudi Arabia

§  UAE

§  Iraq

§  South Africa

§  Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading players

Company Profiles: Detailed analysis of the major companies present in the global Digital Substation market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of providers across the regions.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Product Information

  • Detailed analysis of new products in the market and their driving forces in the market.
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.       Product Overview

2.       Research Methodology

3.       Impact of COVID-19 on Global Digital Substation Market

4.       Executive Summary

5.       Voice of Customer

5.1.    Customer Satisfaction

5.2.    Factors Influencing Purchase Decision

5.3.    Vendor Satisfaction

6.       Global Digital Substation Market Outlook 

6.1.     Market Size & Forecast

6.1.1.  By Value

6.2.     Market Share & Forecast

6.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

6.2.2.  By Type (Transmission and Distribution Substation)

6.2.3.  By Voltage (Up to 220 kV, 220–550 kV, and above 550 kV)

6.2.4.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

6.2.5.  By Company

6.3.     Market Attractiveness Index (By Module, By Type, By Voltage, By End Use & By Region)

7.       Asia-Pacific Digital Substation Market Outlook

7.1.     Market Size & Forecast

7.1.1.   By Value

7.2.      Market Share & Forecast

7.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

7.2.2.  By Type (Transmission and Distribution Substation)

7.2.3.  By Voltage (Up to 220 kV, 220–550 kV, and above 550 kV)

7.2.4.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

7.2.5.  By Country (China, Japan, India, South Korea, Australia & Rest of Asia Pacific)

7.2.5.1. China Digital Substation Market Outlook

7.2.5.1.1. Market Size & Forecast

7.2.5.1.1.1. By Value

7.2.5.1.2. Market Share & Forecast

7.2.5.1.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

7.2.5.1.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

7.2.5.2. India Digital Substation Market Outlook

7.2.5.2.1. Market Size & Forecast

7.2.5.2.1.1. By Value

7.2.5.2.2. Market Share & Forecast

7.2.5.2.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

7.2.5.2.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

7.2.5.3. Japan Digital Substation Market Outlook

7.2.5.3.1. Market Size & Forecast

7.2.5.3.1.1. By Value

7.2.5.3.2. Market Share & Forecast

7.2.5.3.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

7.2.5.3.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

7.2.5.4. Australia Digital Substation Market Outlook

7.2.5.4.1. Market Size & Forecast

7.2.5.4.1.1. By Value

7.2.5.4.2. Market Share & Forecast

7.2.5.4.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

7.2.5.4.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

7.2.5.5. South Korea Digital Substation Market Outlook

7.2.5.5.1. Market Size & Forecast

7.2.5.5.1.1. By Value

7.2.5.5.2. Market Share & Forecast

7.2.5.5.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

7.2.5.5.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

8.       North America Digital Substation Market Outlook

8.1.     Market Size & Forecast

8.1.1.   By Value

8.2.      Market Share & Forecast

8.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

8.2.2.  By Type (Transmission and Distribution Substation)

8.2.3.  By Voltage (Up to 220 kV, 220–550 kV, and above 550 kV)

8.2.4.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

8.2.5.  By Country (United States, Canada, Mexico & Rest of North America)

8.2.5.1. United States Digital Substation Market Outlook

8.2.5.1.1. Market Size & Forecast

8.2.5.1.1.1. By Value

8.2.5.1.2. Market Share & Forecast

8.2.5.1.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

8.2.5.1.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

8.2.5.2. Canada Digital Substation Market Outlook

8.2.5.2.1. Market Size & Forecast

8.2.5.2.1.1. By Value

8.2.5.2.2. Market Share & Forecast

8.2.5.2.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

8.2.5.2.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

8.2.5.3. Mexico Digital Substation Market Outlook

8.2.5.3.1. Market Size & Forecast

8.2.5.3.1.1. By Value

8.2.5.3.2. Market Share & Forecast

8.2.5.3.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

8.2.5.3.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

9.       South America Digital Substation Market Outlook

9.1.     Market Size & Forecast

9.1.1.   By Value

9.2.      Market Share & Forecast

9.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

9.2.2.  By Type (Transmission and Distribution Substation)

9.2.3.  By Voltage (Up to 220 kV, 220–550 kV, and above 550 kV)

9.2.4.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

9.2.5.  By Country (Brazil, Argentina, Colombia & Rest of South America)

9.2.5.1. Brazil Digital Substation Market Outlook

9.2.5.1.1. Market Size & Forecast

9.2.5.1.1.1. By Value

9.2.5.1.2. Market Share & Forecast

9.2.5.1.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

9.2.5.1.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

9.2.5.2. Argentina Digital Substation Market Outlook

9.2.5.2.1. Market Size & Forecast

9.2.5.2.1.1. By Value

9.2.5.2.2. Market Share & Forecast

9.2.5.2.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

9.2.5.2.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

9.2.5.3. Colombia Digital Substation Market Outlook

9.2.5.3.1. Market Size & Forecast

9.2.5.3.1.1. By Value

9.2.5.3.2. Market Share & Forecast

9.2.5.3.2.1. By Module (Hardware, Fiber Optic Communication Network and SCADA)

9.2.5.3.2.2. By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

10.    Europe Digital Substation Market Outlook

10.1. Market Size & Forecast

10.1.1.       By Value

10.2.  Market Share & Forecast

10.2.1.      By Module (Hardware, Fiber Optic Communication Network and SCADA)

10.2.2.      By Type (Transmission and Distribution Substation)

10.2.3.      By Voltage (Up to 220 kV, 220–550 kV, and above 550 kV)

10.2.4.      By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

10.2.5.      By Country (UK, Germany, France, Italy, Spain & Rest of Europe)

10.2.5.1.             Germany Digital Substation Market Outlook

10.2.5.1.1.                    Market Size & Forecast

10.2.5.1.1.1.  By Value

10.2.5.1.2.                    Market Share & Forecast

10.2.5.1.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

10.2.5.1.2.2.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

10.2.5.2.             France Digital Substation Market Outlook

10.2.5.2.1.                    Market Size & Forecast

10.2.5.2.1.1.  By Value

10.2.5.2.2.                    Market Share & Forecast

10.2.5.2.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

10.2.5.2.2.2.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

10.2.5.3.             United Kingdom Digital Substation Market Outlook

10.2.5.3.1.                    Market Size & Forecast

10.2.5.3.1.1.  By Value

10.2.5.3.2.                    Market Share & Forecast

10.2.5.3.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

10.2.5.3.2.2.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

10.2.5.4.             Italy Digital Substation Market Outlook

10.2.5.4.1.                    Market Size & Forecast

10.2.5.4.1.1.  By Value

10.2.5.4.2.                    Market Share & Forecast

10.2.5.4.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

10.2.5.4.2.2.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

10.2.5.5.             Spain Digital Substation Market Outlook

10.2.5.5.1.                    Market Size & Forecast

10.2.5.5.1.1.  By Value

10.2.5.5.2.                    Market Share & Forecast

10.2.5.5.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

10.2.5.5.2.2.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)   

11.    MEA Digital Substation Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2.  Market Share & Forecast

11.2.1.   By Module (Hardware, Fiber Optic Communication Network and SCADA)

11.2.2.   By Type (Transmission and Distribution Substation)

11.2.3.   By Voltage (Up to 220 kV, 220–550 kV, and above 550 kV)

11.2.4.   By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)

11.2.5.   By Country (Saudi Arabia, UAE, Iraq, South Africa & Rest of MEA)  

11.2.5.1. Saudi Arabia Digital Substation Market Outlook

11.2.5.1.1.  Market Size & Forecast

11.2.5.1.1.1.  By Value

11.2.5.1.2.   Market Share & Forecast

11.2.5.1.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

11.2.5.1.2.2.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)   

11.2.5.2. UAE Digital Substation Market Outlook

11.2.5.2.1.  Market Size & Forecast

11.2.5.2.1.1.  By Value

11.2.5.2.2.  Market Share & Forecast

11.2.5.2.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

11.2.5.2.2.2.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)   

11.2.5.3. Iraq Digital Substation Market Outlook

11.2.5.3.1.  Market Size & Forecast

11.2.5.3.1.1.  By Value

11.2.5.3.2.  Market Share & Forecast

11.2.5.3.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

11.2.5.3.2.2.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)   

11.2.5.4. South Africa Digital Substation Market Outlook

11.2.5.4.1.  Market Size & Forecast

11.2.5.4.1.1.  By Value

11.2.5.4.2.  Market Share & Forecast

11.2.5.4.2.1.  By Module (Hardware, Fiber Optic Communication Network and SCADA)

11.2.5.4.2.2.  By End Use (Metal, Utility, Mining, Oil & Gas & Transportation)   

12.    Market Dynamics

12.1.   Drivers/Opportunities

12.2.   Challenges/Pitfalls

13.    Market Trends & Developments

14.    Competitive Landscape

14.1.      Company Profiles

14.1.1.      BB Group

14.1.2.      General Electric

14.1.3.      Siemens

14.1.4.      Schneider Electric

14.1.5.      Cisco Systems

14.1.6.      Eaton Corp. PLC

14.1.7.      Emerson Electric Co.

14.1.8.      Honeywell International, Inc.

14.1.9.      Larsen & Toubro Ltd.

14.1.10.   Nr Electric Co., Ltd.

15.    Strategic Recommendations

Figures and Tables

Frequently asked questions

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Increasing the installation of digital substations across the globe, rapid capital expenditure and high scope of digital substation in utility industry is expected to drive the global digital substation market during the forecast period.

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The global digital substation market is segmented based on module, type, voltage, end use and region.

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Based on module, the hardware module segment is expected to hold the largest share in global digital substation market during forecast period.

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Some of the major players operating in the global digital substation market include BB Group, General Electric, Siemens, Schneider Electric and Cisco Systems, among others.

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