Industrial development has increased digitalization in many sectors. Innovation in the digitization market is not only related to the invention of new products, but also upgrades of the available products and technologies. One such innovation is digital substations. Substations are the part of electrical generation, distribution, and transmission systems. They transform current from high voltage to low voltage and low voltage to high with the help of transformers. Digital substations ... Read more
According to Market Research Future, the global digital substation market is anticipated to inflate at 7.5% CAGR at the time of forecast period. It is the industrial development across the globe that has increased digitization in many sectors, thus motivated the market’s growth over the years.