Digital substations can boost the flexibility and responsiveness of transmission and distribution grids by capturing and using accurate, real-time data to control grid stability and react quickly to changing grid conditions. Europe occupied 32.69% of the sales market in 2017. It is followed by North America and China which respectively accounted for around 25.83% and 21.60% of the global total industry. Other countries have a smaller amount of sales. Geographically, Europe was the largest product market in the world, which took about 49.03% of the global sales volume in 2017.

According to this study, over the next five years, the Digital Substation market will register a 5.7% CAGR in terms of revenue, the global market size will reach US$ 2090 million by 2024, from US$ 1500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Digital Substation business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Digital Substation market by product type, application, key manufacturers and key regions and countries. This study considers the Digital Substation value and volume generated from the sales of the following segments:

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Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

• Up to 110 kV
• 110 to 330 kV
• Above 330 kV

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

• Power Utility
• Industrial

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Spain
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.

• ABB
• General Electric
• Siemens
• Schneider Electric

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

• To study and analyze the global Digital Substation consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
• To understand the structure of Digital Substation market by identifying its various subsegments.
• Focuses on the key global Digital Substation manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
• To analyze the Digital Substation with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of Digital Substation submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of content

1 The scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Digital Substation Consumption 2014–2024
2.1.2 Digital Substation Consumption CAGR by Region

3 Global Digital Substation by Players
3.1 Global Digital Substation Sales Market Share by Players
3.1.1 Global Digital Substation Sales by Players (2017–2019)

Key Que Answered in this report:

1. What will the Digital Substation Market?
2. What are the key factors driving the Global Digital Substation Market?
3. What are the key market trends in the Digital Substation Market?
4. improve pasting the growth of the Digital Substation Market?
5. What are the challenges to the Digital Substation Market?
6. What are the market opportunities and threats faced by the vendors in the Global Digital Substation Market?
7. What are the key outcomes of the five forces analysis of the Digital Substation Market?

What is our report offers:

Strategic suggestions and proposals for the beginners to understand
Assessments of the market share from different countries and regions were conducted
Top key market players, market share analysis included.
The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added.
The competitive landscaping mappings of the ongoing trends are discussed.
Based on the market estimations, the strategic recommendations are made in the business segments

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