Analyst Viewpoint
Rise in adoption of the process bus technology in substations is a prominent factor that is augmenting the digital substations market size. Digital substations help increase asset adaptability and maintain system reliability, while lowering labor and material costs. Industry-wide focus on carbon neutrality and ‘net zero emissions’ is also fostering market progress.
Governments of various countries are focusing on generating larger amount of renewable energy to ease the strain on existing power systems. The usage of digital components to effectively manage and distribute higher power loads is expected to dominate digital substations market trends through 2031. Manufacturers of digital substations are investing substantially in cyber-secure digital substation architecture to expand their global customer base.
Substation is a component of an electric power system. It is made up of high-voltage apparatus developed and scaled for the operating voltage of the substation (known as the primary system) and low-voltage equipment (referred to as the secondary system).
Usage of distributed intelligent electronic devices (IEDs) for substations linked via communications networks is the preferred method for the governance of digital substations.
Electricity networks are under severe pressure to perform effectively. Power generation is becoming more dynamic, with dispersed and renewable technologies coming online at a rapid pace. As the number of power sources grows, so does the impact of intermittent or unexpected generation, to which the grid must respond.
The digital substations market analysis reveals that a key challenge for intelligent substations is to strike a balance between increasing asset flexibility and preserving system dependability, while lowering material and labor costs. A shrinking trained workforce adds to the complication. Many of these difficulties may be solved by a digital substation.
Process bus solution is executed in the switchyard by inserting additional equipment, known as Merging Units (MU), near the primary equipment. The merging unit receives the instrument transformer output values, transforms them into digital signals, and delivers them to the secondary equipment (BCU, protection relays) via sampling values (SV) over an Ethernet-based connection.
This method eliminates the need for extra hardware such as hardwired connections between the IED and the instrument transformer. Process bus technology is designed in accordance with the international standard for substation communication IEC 61850-9-2, which enables compatibility between main and secondary equipment for quick and flexible system update and expansion.
There are several advantages of adopting the process bus solution technology in smart grid substations. Usage of standard hardware according to industry standards makes maintenance of these systems simpler, faster, and more reliable.
Substation automation also provides real-time advanced monitoring and control in substations for diagnosis of faults and errors. This enables faster recovery from downtimes across the connected systems.
Process bus setups in digital substations also improve voltage measurement accuracy by shortening the distance between CT/VTs to the signal processor, thus leading to lower electrical failure ratings. Finally, process bus solutions improve workplace safety by achieving electrical isolation of systems, which is especially crucial in times of grid failures.
The global energy environment is quickly changing, with greater emphasis on renewable energy sources and carbon-neutral targets. Power networks must become more flexible and efficient to meet these changes.
Novel substation designs are capable of integrating intermittent renewable energy sources while maintaining a stable and resilient power supply. As a result, demand for smart grid digital substation solutions is rising across the globe.
According to a research by the Pacific Northwest National Laboratory, digital grid technologies have the potential to cut electricity-related carbon dioxide (CO2) emissions in the U.S. by up to 12% by 2030. On a worldwide scale, this would imply a reduction of 2 billion tons of CO2 per year by the end of this decade.
Easy incorporation with environmentally-friendly electricity efforts is a key advantage of digital substations that is augmenting the global digital substations market. The usage of distributed energy resources (DERs) to minimize carbon emissions is gathering momentum across the globe. As a result, digital substations are projected to be at the forefront of 'net zero' power generating activities.
The digital substations industry is also projected to benefit from 70% decrease in copper protection and control cables. This would reduce capital and transportation expenses, as well as production efforts, all of which will help lower the carbon footprint.
The route to net zero energy includes a digital overhaul of the power generation network. Irrespective of the shape the energy landscape takes, a decarbonized economy and adoption of digital technologies is likely to continue to fuel market expansion in the near future.
As per digital substations market research, Asia Pacific accounted for significant share of the global landscape in 2022. This can be ascribed to the presence of several well-established market players in the region.
Increase in demand for energy among local industrial bodies is also boosting the market dynamics of Asia Pacific. Furthermore, rise in number of manufacturing units in India and China is augmenting the market statistics of the region.
According to the latest digital substations market forecast, North America is also expected to constitute key share of the sector in the near future, led by the high availability of modernized grid infrastructure in the region. Rise in investments in the power sector by the governments of the U.S. and Canada is also bolstering the digital substations industry growth in North America.
As per digital substations market insights, manufacturers of digital substations are investing substantially in improvement of transmission efficiency of power cables to ensure an uninterrupted supply to power stations.
They are also carrying out research and development activities to introduce smart grid technologies in order to modernize their grid systems. 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. are the leading players operating in the global digital substations market.
These companies have been summarized in the digital substations market report based on parameters such as company overview, business strategies, financial overview, product portfolio, and business segments.
| Attribute | Detail |
|---|---|
| Market Size in 2022 | US$ 9.2 Bn |
| Market Forecast (Value) in 2031 | US$ 16.6 Bn |
| Growth Rate (CAGR) | 6.8% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2017-2021 |
| Quantitative Tons | US$ Bn for Value |
| Market Analysis | It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
It was valued at US$ 9.2 Bn in 2022
It is likely to grow at a CAGR of 6.8% from 2023 to 2031
Rise in adoption of process bus technology in substations and industry-wide focus on carbon neutrality and ‘net zero emissions’
Asia Pacific was the leading region in 2022
The utility segment commands a bulk of the share
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.
1. Preface
1.1. Market and Segment Definitions
1.2. Market Taxonomy
1.3. Research Methodology
1.4. Assumption and Acronyms
2. Executive Summary
2.1. Global Digital Substations Market Overview
2.2. Regional Outline
2.3. Industry Outline
2.4. Market Dynamics Snapshot
2.5. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Drivers
3.3. Restraints
3.4. Opportunities
3.5. Key Trends
3.6. Regulatory Framework
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview – Industry Automation Overview
4.2. Ecosystem Analysis
4.3. Pricing Analysis
4.4. Technology Roadmap Analysis
4.5. Industry SWOT Analysis
4.6. Porter Five Forces Analysis
5. Global Digital Substations Market Analysis, by Module
5.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031
5.1.1. Hardware
5.1.2. Fiber Optic Communication Network
5.1.3. SCADA
5.2. Market Attractiveness Analysis, by Module
6. Global Digital Substations Market Analysis, by Type
6.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031
6.1.1. Transmission Substations
6.1.2. Distribution Substations
6.2. Market Attractiveness Analysis, by Type
7. Global Digital Substations Market Analysis, by Voltage
7.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031
7.1.1. Up to 220 kV
7.1.2. 220-550 kV
7.1.3. Above 500 kV
7.2. Market Attractiveness Analysis, by Voltage
8. Global Digital Substations Market Analysis, by End-use Industry
8.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031
8.1.1. Utility
8.1.2. Metal
8.1.3. Mining
8.1.4. Oil & Gas
8.1.5. Transportation
8.2. Market Attractiveness Analysis, by End-use Industry
9. Global Digital Substations Market Analysis and Forecast, by Region
9.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Region, 2023–2031
9.1.1. North America
9.1.2. Europe
9.1.3. Asia Pacific
9.1.4. Middle East & Africa
9.1.5. South America
9.2. Market Attractiveness Analysis, by Region
10. North America Digital Substations Market Analysis and Forecast
10.1. Market Snapshot
10.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031
10.2.1. Hardware
10.2.2. Fiber Optic Communication Network
10.2.3. SCADA
10.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031
10.3.1. Transmission Substations
10.3.2. Distribution Substations
10.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031
10.4.1. Up to 220 kV
10.4.2. 220-550 kV
10.4.3. Above 500 kV
10.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031
10.5.1. Utility
10.5.2. Metal
10.5.3. Mining
10.5.4. Oil & Gas
10.5.5. Transportation
10.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country, 2023–2031
10.6.1. U.S.
10.6.2. Canada
10.6.3. Rest of North America
10.7. Market Attractiveness Analysis
10.7.1. By Module
10.7.2. By Type
10.7.3. By Voltage
10.7.4. By End-use Industry
10.7.5. By Country/Sub-region
11. Europe Digital Substations Market Analysis and Forecast
11.1. Market Snapshot
11.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031
11.2.1. Hardware
11.2.2. Fiber Optic Communication Network
11.2.3. SCADA
11.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031
11.3.1. Transmission Substations
11.3.2. Distribution Substations
11.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031
11.4.1. Up to 220 kV
11.4.2. 220-550 kV
11.4.3. Above 500 kV
11.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031
11.5.1. Utility
11.5.2. Metal
11.5.3. Mining
11.5.4. Oil & Gas
11.5.5. Transportation
11.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2023–2031
11.6.1. U.K.
11.6.2. Germany
11.6.3. France
11.6.4. Rest of Europe
11.7. Market Attractiveness Analysis
11.7.1. By Module
11.7.2. By Type
11.7.3. By Voltage
11.7.4. By End-use Industry
11.7.5. By Country/Sub-region
12. Asia Pacific Digital Substations Market Analysis and Forecast
12.1. Market Snapshot
12.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031
12.2.1. Hardware
12.2.2. Fiber Optic Communication Network
12.2.3. SCADA
12.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031
12.3.1. Transmission Substations
12.3.2. Distribution Substations
12.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031
12.4.1. Up to 220 kV
12.4.2. 220-550 kV
12.4.3. Above 500 kV
12.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031
12.5.1. Utility
12.5.2. Metal
12.5.3. Mining
12.5.4. Oil & Gas
12.5.5. Transportation
12.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2023–2031
12.6.1. China
12.6.2. Japan
12.6.3. India
12.6.4. South Korea
12.6.5. ASEAN
12.6.6. Rest of Asia Pacific
12.7. Market Attractiveness Analysis
12.7.1. By Module
12.7.2. By Type
12.7.3. By Voltage
12.7.4. By End-use Industry
12.7.5. By Country/Sub-region
13. Middle East & Africa Digital Substations Market Analysis and Forecast
13.1. Market Snapshot
13.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031
13.2.1. Hardware
13.2.2. Fiber Optic Communication Network
13.2.3. SCADA
13.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031
13.3.1. Transmission Substations
13.3.2. Distribution Substations
13.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031
13.4.1. Up to 220 kV
13.4.2. 220-550 kV
13.4.3. Above 500 kV
13.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031
13.5.1. Utility
13.5.2. Metal
13.5.3. Mining
13.5.4. Oil & Gas
13.5.5. Transportation
13.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2023–2031
13.6.1. GCC
13.6.2. South Africa
13.6.3. Rest of Middle East & Africa
13.7. Market Attractiveness Analysis
13.7.1. By Module
13.7.2. By Type
13.7.3. By Voltage
13.7.4. By End-use Industry
13.7.5. By Country/Sub-region
14. South America Digital Substations Market Analysis and Forecast
14.1. Market Snapshot
14.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031
14.2.1. Hardware
14.2.2. Fiber Optic Communication Network
14.2.3. SCADA
14.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031
14.3.1. Transmission Substations
14.3.2. Distribution Substations
14.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031
14.4.1. Up to 220 kV
14.4.2. 220-550 kV
14.4.3. Above 500 kV
14.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031
14.5.1. Utility
14.5.2. Metal
14.5.3. Mining
14.5.4. Oil & Gas
14.5.5. Transportation
14.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2023–2031
14.6.1. Brazil
14.6.2. Rest of South America
14.7. Market Attractiveness Analysis
14.7.1. By Module
14.7.2. By Type
14.7.3. By Voltage
14.7.4. By End-use Industry
14.7.5. By Country/Sub-region
15. Competition Assessment
15.1. Global Digital Substations Market Competition Matrix - a Dashboard View
15.1.1. Global Digital Substations Market Company Share Analysis, by Value (2022)
15.1.2. Technological Differentiator
16. Company Profiles (Global Manufacturers/Suppliers)
16.1. ABB Ltd.
16.1.1. Overview
16.1.2. Product Portfolio
16.1.3. Sales Footprint
16.1.4. Key Subsidiaries or Distributors
16.1.5. Strategy and Recent Developments
16.1.6. Key Financials
16.2. Siemens AG
16.2.1. Overview
16.2.2. Product Portfolio
16.2.3. Sales Footprint
16.2.4. Key Subsidiaries or Distributors
16.2.5. Strategy and Recent Developments
16.2.6. Key Financials
16.3. Schneider Electric SE
16.3.1. Overview
16.3.2. Product Portfolio
16.3.3. Sales Footprint
16.3.4. Key Subsidiaries or Distributors
16.3.5. Strategy and Recent Developments
16.3.6. Key Financials
16.4. Eaton Corporation Plc
16.4.1. Overview
16.4.2. Product Portfolio
16.4.3. Sales Footprint
16.4.4. Key Subsidiaries or Distributors
16.4.5. Strategy and Recent Developments
16.4.6. Key Financials
16.5. Emerson Electric Co.
16.5.1. Overview
16.5.2. Product Portfolio
16.5.3. Sales Footprint
16.5.4. Key Subsidiaries or Distributors
16.5.5. Strategy and Recent Developments
16.5.6. Key Financials
16.6. Honeywell International Inc.
16.6.1. Overview
16.6.2. Product Portfolio
16.6.3. Sales Footprint
16.6.4. Key Subsidiaries or Distributors
16.6.5. Strategy and Recent Developments
16.6.6. Key Financials
16.7. Cisco Systems, Inc.
16.7.1. Overview
16.7.2. Product Portfolio
16.7.3. Sales Footprint
16.7.4. Key Subsidiaries or Distributors
16.7.5. Strategy and Recent Developments
16.7.6. Key Financials
16.8. NR Electric Co. Ltd.
16.8.1. Overview
16.8.2. Product Portfolio
16.8.3. Sales Footprint
16.8.4. Key Subsidiaries or Distributors
16.8.5. Strategy and Recent Developments
16.8.6. Key Financials
16.9. EFACEC
16.9.1. Overview
16.9.2. Product Portfolio
16.9.3. Sales Footprint
16.9.4. Key Subsidiaries or Distributors
16.9.5. Strategy and Recent Developments
16.9.6. Key Financials
16.10. Schweitzer Engineering Laboratories, Inc.
16.10.1. Overview
16.10.2. Product Portfolio
16.10.3. Sales Footprint
16.10.4. Key Subsidiaries or Distributors
16.10.5. Strategy and Recent Developments
16.10.6. Key Financials
17. Go to Market Strategy
17.1. Identification of Potential Market Spaces
17.2. Preferred Sales & Marketing Strategy
List of Tables
Table 1: Global Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031
Table 2: Global Digital Substations Market Forecast, by Module, 2023‒2031
Table 3: Global Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031
Table 4: Global Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031
Table 5: Global Digital Substations Market Value (US$ Mn) Forecast, by Region, 2023‒2031
Table 6: Global Digital Substations Market Forecast, by Region, 2023‒2031
Table 7: North America Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031
Table 8: North America Digital Substations Market Forecast, by Module, 2023‒2031
Table 9: North America Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031
Table 10: North America Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031
Table 11: North America Digital Substations Market Value (US$ Mn) Forecast, by Country, 2023‒2031
Table 12: North America Digital Substations Market Forecast, by Country, 2023‒2031
Table 13: Europe Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031
Table 14: Europe Digital Substations Market Forecast, by Module, 2023‒2031
Table 15: Europe Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031
Table 16: Europe Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031
Table 17: Europe Digital Substations Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023‒2031
Table 18: Europe Digital Substations Market Forecast, by Country and Sub-region, 2023‒2031
Table 19: Asia Pacific Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031
Table 20: Asia Pacific Digital Substations Market Forecast, by Module, 2023‒2031
Table 21: Asia Pacific Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031
Table 22: Asia Pacific Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031
Table 23: Asia Pacific Digital Substations Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023‒2031
Table 24: Asia Pacific Digital Substations Market Forecast, by Country and Sub-region, 2023‒2031
Table 25: Middle East & Africa Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031
Table 26: Middle East & Africa Digital Substations Market Forecast, by Module, 2023‒2031
Table 27: Middle East & Africa Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031
Table 28: Middle East & Africa Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031
Table 29: Middle East & Africa Digital Substations Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023‒2031
Table 30: Middle East & Africa Digital Substations Market Forecast, by Country and Sub-region, 2023‒2031
Table 31: South America Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031
Table 32: South America Digital Substations Market Forecast, by Module, 2023‒2031
Table 33: South America Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031
Table 34: South America Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031
Table 35: South America Digital Substations Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023‒2031
Table 36: South America Digital Substations Market Forecast, by Country and Sub-region, 2023‒2031
List of Figures
Figure 01: Supply Chain Analysis - Global Digital Substations Market
Figure 02: Porter Five Forces Analysis – Global Digital Substations Market
Figure 03: Technology Road Map - Global Digital Substations Market
Figure 04: Global Digital Substations Market, Value (US$ Mn), 2023-2031
Figure 05: Global Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031
Figure 06: Global Digital Substations Market Projections, by Module, Value (US$ Mn), 2023‒2031
Figure 07: Global Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031
Figure 08: Global Digital Substations Market Share Analysis, by Module, 2023 and 2031
Figure 09: Global Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031
Figure 10: Global Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031
Figure 11: Global Digital Substations Market Share Analysis, by Type, 2023 and 2031
Figure 12: Global Digital Substations Market Projections, by Voltage, Value (US$ Mn), 2023‒2031
Figure 13: Global Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031
Figure 14: Global Digital Substations Market Share Analysis, by Voltage, 2023 and 2031
Figure 15: Global Digital Substations Market Projections, by Region, Value (US$ Mn), 2023‒2031
Figure 16: Global Digital Substations Market, Incremental Opportunity, by Region, 2023‒2031
Figure 17: Global Digital Substations Market Share Analysis, by Region, 2023 and 2031
Figure 18: North America Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031
Figure 19: North America Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031
Figure 20: North America Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031
Figure 21: North America Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031
Figure 22: North America Digital Substations Market Share Analysis, by Module, 2023 and 2031
Figure 23: North America Digital Substations Market Projections, by Type (US$ Mn), 2023‒2031
Figure 24: North America Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031
Figure 25: North America Digital Substations Market Share Analysis, by Type, 2023 and 2031
Figure 26: North America Digital Substations Market Projections, by Voltage Value (US$ Mn), 2023‒2031
Figure 27: North America Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031
Figure 28: North America Digital Substations Market Share Analysis, by Voltage, 2023 and 2031
Figure 29: North America Digital Substations Market Projections, by Country, Value (US$ Mn), 2023‒2031
Figure 30: North America Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031
Figure 31: North America Digital Substations Market Share Analysis, by Country, 2023 and 2031
Figure 32: Europe Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031
Figure 33: Europe Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031
Figure 34: Europe Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031
Figure 35: Europe Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031
Figure 36: Europe Digital Substations Market Share Analysis, by Module, 2023 and 2031
Figure 37: Europe Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031
Figure 38: Europe Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031
Figure 39: Europe Digital Substations Market Share Analysis, by Type, 2023 and 2031
Figure 40: Europe Digital Substations Market Projections, by Voltage, Value (US$ Mn), 2023‒2031
Figure 41: Europe Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031
Figure 42: Europe Digital Substations Market Share Analysis, by Voltage, 2023 and 2031
Figure 43: Europe Digital Substations Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031
Figure 44: Europe Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031
Figure 45: Europe Digital Substations Market Share Analysis, by Country and Sub-region 2023 and 2031
Figure 46: Asia Pacific Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031
Figure 47: Asia Pacific Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031
Figure 48: Asia Pacific Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031
Figure 49: Asia Pacific Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031
Figure 50: Asia Pacific Digital Substations Market Share Analysis, by Module, 2023 and 2031
Figure 51: Asia Pacific Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031
Figure 52: Asia Pacific Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031
Figure 53: Asia Pacific Digital Substations Market Share Analysis, by Type, 2023 and 2031
Figure 54: Asia Pacific Digital Substations Market Projections, by Voltage, Value (US$ Mn), 2023‒2031
Figure 55: Asia Pacific Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031
Figure 56: Asia Pacific Digital Substations Market Share Analysis, by Voltage, 2023 and 2031
Figure 57: Asia Pacific Digital Substations Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031
Figure 58: Asia Pacific Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031
Figure 59: Asia Pacific Digital Substations Market Share Analysis, by Country and Sub-region 2023 and 2031
Figure 60: Middle East & Africa Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031
Figure 61: Middle East & Africa Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031
Figure 62: Middle East & Africa Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031
Figure 63: Middle East & Africa Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031
Figure 64: Middle East & Africa Digital Substations Market Share Analysis, by Module, 2023 and 2031
Figure 65: Middle East & Africa Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031
Figure 66: Middle East & Africa Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031
Figure 67: Middle East & Africa Digital Substations Market Share Analysis, by Type, 2023 and 2031
Figure 68: Middle East & Africa Digital Substations Market Projections, by Voltage Value (US$ Mn), 2023‒2031
Figure 69: Middle East & Africa Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031
Figure 70: Middle East & Africa Digital Substations Market Share Analysis, by Voltage, 2023 and 2031
Figure 71: Middle East & Africa Digital Substations Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031
Figure 72: Middle East & Africa Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031
Figure 73: Middle East & Africa Digital Substations Market Share Analysis, by Country and Sub-region 2023 and 2031
Figure 74: South America Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031
Figure 75: South America Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031
Figure 76: South America Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031
Figure 77: South America Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031
Figure 78: South America Digital Substations Market Share Analysis, by Module, 2023 and 2031
Figure 79: South America Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031
Figure 80: South America Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031
Figure 81: South America Digital Substations Market Share Analysis, by Type, 2023 and 2031
Figure 82: South America Digital Substations Market Projections, by Voltage Value (US$ Mn), 2023‒2031
Figure 83: South America Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031
Figure 84: South America Digital Substations Market Share Analysis, by Voltage, 2023 and 2031
Figure 85: South America Digital Substations Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031
Figure 86: South America Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031
Figure 87: South America Digital Substations Market Share Analysis, by Country and Sub-region 2023 and 2031
Figure 88: Global Digital Substations Market Competition
Figure 89: Global Digital Substations Market Company Share Analysis
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Digital Substations Market
