Digital Substation Market Size By Component (Substation Automation System, Communication Network, Electrical System {Transformer, Busbar, Protection Devices [Circuit Breaker, Protective Relay, Switchgear]}, Monitoring & Control System {Human Machine Interface, Programmable Logic Controller, Others}, Others), By Architecture (Process, Bay, Station), By Application (Transmission, Distribution), By Connectivity (< 33 kV, 33 kV to 110 kV, 110 kV to 220 kV, 220 kV to 550 kV, > 550 kV), By Voltage Level (Low, Medium, High), By End Use (Utility, Industrial), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Aug 2019  |  Report ID: GMI2441  |  Authors: Ankit Gupta, Abhishek Chopra

Report Format: PDF   |   Pages: 548   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Digital Substation Market size in 2018 valued over USD 7 billion and is anticipated to grow at a rate of over 7% by 2025.

U.S. Digital Substation Market Size, By Component, 2018 & 2025 (USD Million)

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Growing refurbishment demand of existing electrical network along with soaring fund flow across the grid infrastructure will augment the market growth. The influx of flexible, secure and advanced technologies has incorporated a sustainable business outlook. The manufacturers & suppliers have continuously been streamlining their research & development investments to enhance and expand system portfolios. However, new fund allocation from major industry players to incorporate a flexible technological platform has acted as a considerable breakthrough.

Power transmission & distribution industry has observed growth on account of the increasing demand for efficient T&D control technologies. Lack of effective electrical infrastructure in the emerging countries in line with paradigm shift toward the expansion of prevailing networks in developed nations have infused a positive business scenario. Furthermore, positive consumer shift toward the installation of these units with an aim to secure the power supply coupled with increasing life expectancy of the electrical network have further added to the industry advantage.

Digital Substation Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 7 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 7% 2025 Value Projection: 13 Billion (USD)
Pages: 548 Tables, Charts & Figures: 1123
Geographies covered (34): U.S., Canada, Mexico, Germany, France, Spain, Italy, UK, Austria, Netherlands, Sweden, Russia, Belgium, Denmark, Switzerland, China, India, Japan, South Korea, Australia, Indonesia, Philippines, New Zealand, Malaysia, Thailand, Singapore, Saudi Arabia, UAE, Qatar, Kuwait, Turkey, South Africa, Brazil, Chile
Segments covered: Component, Architecture, Application, Connectivity, Voltage Level, End Use and Region
Companies covered (19): ABB Limited, Locamation, Efacec, NetControl, Tesco Automation, Texas Instruments, Belden Inc, NR Electric, Emerson Electric Co., Strategies, General Electric, Eaton, Schneider Electric, Siemens, Cisco Systems, Inc., Rockwell Automation, L&T Electrical and Automation, Guodian Nanjing Automation Co., Open System International, Beijing Sifang Automation Co.
Growth Drivers:
  • North America Europe
  • Expansion of smart grid networks
  • Refurbishment & retrofit of existing grid infrastructure
  • Asia Pacific
  • Rising peak load demand
  • Expansion of micro-grid networks
  • Grid stability & security of supply concerns
  • Middle East & Africa and Latin America
  • Increasing electricity demand
  • Integration of a sustainable energy infrastructure
Pitfalls & Challenges:
  • Slow paced technological evolution across developing regions
  • High dependency on imports

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Digital Substation Market, By Component

Consumer inclination favoured by regulatory plans to establish a smart and optimized electrical infrastructure has strengthened the global digital substation market. Major industry players have been investing to develop technologies to augment the ongoing digitalization in the industrial peripheral. Communication technology has gained momentum across substation units owing to their effective feedback abilities; allowing optimum time for failure corrections and fault detection. Furthermore, utilities are aligning their investments and plans toward an uninterruptible supply of electricity along with energy being marked as a necessity across major regions have provided a sustainable business scenario.

Digital Substation Market, By Architecture

Digitalization in the recent years, has been a significant industrial phenomenon, driving the integration of smart & secure electric network. Data analysis in association with digitalization has proved to increase the technical, economic & regulatory proximities. Moreover, development of these communication hubs & data centres has also increased the energy consumption rate across the regions. Henceforth, ongoing rise in energy demand to endure the operations of the data units will positively influence the product demand.

Digital Substation Market, By Application

Transmission industry across the digital substation market is anticipated to exceed USD 8 billion by 2025. Increasing investments toward the development of the existing transmission lines along with the establishment of smart energy infrastructure have infused a favourable business growth. In 2016, the EEI’s member companies invested USD 20.8 million in transmission infrastructure and are anticipated to allocate additional USD 90 billion in the transmission systems by 2020 in order to make it more efficient, dynamic and secure.

Digital Substation Market, By Connectivity

Germany Digital Substation Market Size, By Connectivity, 2014 - 2025 (USD Million)

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The electric substation industry has majorly been influenced by numerous regulatory guidelines and mandates, which have laid certain standards pertaining to the deployment and manufacturing of the product. Standalone areas, in the recent years, have been a focal point for regulators and installers as these units hold a substantial potential for industry expansion and business growth. In addition, the increasing energy demand favoured by positive consumer shift to infuse a sustainable electricity network will complement the industry landscape.

Digital Substation Market, By Voltage Level

Rapid expansion of low-voltage distribution networks across the residential & commercial establishments have positively influenced the product demand. LV digital substation market is projected to witness significant growth subject to its wide range application across power & infrastructure sectors and process industries. Growing demand for low-voltage control systems with smart features in line with favourable power distribution reforms will stimulate the business growth.

Digital Substation Market, By End Use

Utility aided grid infrastructure have been positively influenced by regulatory & government schemes pertaining to electrical infrastructure installation. Positive government regulations toward rural electrification along with adoption of decentralized micro-grid network across remote areas have stimulated the global market. Moreover, infusion of sustainable energy infrastructure favoured by investments from regulatory authorities & institutions including the IFC, world bank and similar financial organisations will thrust the industry dynamics.

Digital Substation Market, By Installation

Growing demand on account of increased expenditure on the development of long-route electric networks and refurbishment of domestic infrastructure have strengthened the market. The United States Government, in 2018, announced plans to capitalise USD 10 billion to enhance new electric network, which is expected to curb the curtailment rate of the Western T&D Infrastructure. Furthermore, rising focus on the replacement of the prevailing electrical equipment with developed high-quality systems will escalate the industry growth.

Digital Substation Market, By Region

Asia Pacific digital substation market, in 2018 valued over USD 2.5 billion. Electricity demand across the region has pre-dominantly been driven by the planned and ongoing commercial and industrial development. Shifting trends toward replacement of overhead electric lines with underground network and aerial bunched cables will further augment the product penetration. Moreover, enhancing economic scenario will result in rapid growth of micro-grid infrastructure, which will further complement the business outlook.

Asia Pacific Digital Substation Market Size, By Country, By 2025 (USD Million)

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Competitive Market Share

Eminent industry participant includes ABB, Locamation, Efacec, NetControl, Tesco Automation, Texas Instruments, Belden Inc, NR Electric, Emerson Electric, GE, Eaton, Schneider, Siemens, Cisco, Rockwell Automation, L&T, Guodian Nanjing Automation Co, Open System International and Beijing Sifang Automation Co.

Digital Substation Industry Background

Digital substation is a defined term applied to power substations where operation is handled between distributed intelligent electronic components interconnected by communications networks. The digital substation yields major benefits in terms of installation, operation and design & engineering. These units witness robust demand on account of maximum reliability & availability and smart grid communications capabilities across the globe.

Frequently Asked Questions (FAQ) :

Digital substation industry is gaining traction in developing countries owing to the lack of efficient T&D electrical infrastructure and consistent expansion of existing grids to meet a growing demand for energy.
Communication networks enable digital substations to ensure uninterrupted power supply by providing enhanced fault detection and feedback abilities, as well as providing optimum time for correcting failures in supply.
Asia Pacific digital substation industry will witness considerable growth owing to increased development of industrial sector and projects undertaken in some countries to replace overhead power lines with underground networks.
Rising need for smart low-voltage (LV) control systems along with favorable government regulations to enhance power distribution will augment the deployment of LV digital substations in energy and infrastructure applications.

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