Smart digital substation means that the primary electrical equipment in the substation realizes digital communication. The digital primary equipment and the secondary intelligent devices are all data modeled and communicated according to the unified standards of the whole station. Based on intelligent electronic equipment and electronic transformers, the realization of the substation Information sharing and interoperability between internal intelligent electrical equipment, to achieve the effect of digitalization of whole station information, networked communication platform, standardization of information sharing, integration of system functions, compact structure design, intelligentization of high-voltage equipment and visualization of operating status, which can support the power grid Real-time online analysis and control decision-making, thereby improving the reliability and economy of the entire grid operation.
This report contains market size and forecasts of Smart Digital Substations in global, including the following market information:
Global Smart Digital Substations Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Smart Digital Substations Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Smart Digital Substations companies in 2021 (%)
The global Smart Digital Substations market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Below 33KV Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Smart Digital Substations include Emerson Electric, ABB, Tesco Automation, SIFANG, General Electric, Eaton, Rockwell Automation, Schneider Electric and Siemens and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Smart Digital Substations manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Digital Substations Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Smart Digital Substations Market Segment Percentages, by Type, 2021 (%)
Below 33KV
33KV-110KV
110KV-550KV
Above 550KV
Global Smart Digital Substations Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Smart Digital Substations Market Segment Percentages, by Application, 2021 (%)
Power Utility
Industrial
Global Smart Digital Substations Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Smart Digital Substations Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Digital Substations revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Smart Digital Substations revenues share in global market, 2021 (%)
Key companies Smart Digital Substations sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Smart Digital Substations sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Emerson Electric
ABB
Tesco Automation
SIFANG
General Electric
Eaton
Rockwell Automation
Schneider Electric
Siemens
Atos