The digital substations market will continue witnessing promising growth prospects for the period between 2018 and 2026, as per a new report titled "Digital Substations Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026," added recently to Market Research Reports Search Engine’s (MRRSE) repository. The report foresees the digital substations market to surpass US$ 12,000 Mn in revenues by 2026-end.
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The digital substations market continues to remain influenced by various factors, ranging from their comparatively better availability and reliability than conventional substations, growing demand in utilities, and reduced maintenance cost. North America is expected to remain the most remunerative region for growth of the digital substations market, with estimations of the report implying bulk shares of the digital substations market to be held by sales in North America during the period of forecast.
Digital Substations Market: Overview
This report offers a detailed analysis on the digital substations market for the forecast period between 2018 and 2026, with 2017 being the base year. The report engulfs key dynamics influencing growth of the digital substations market, which include drivers, opportunities, trends, and challenges.
A holistic perspective on growth of the digital substations market has been provided in the report, in terms of value (US$ Mn), across key geographical regions, viz. South America, Middle East & Africa, Asia-Pacific, Europe, and North America. The report offers a global- and regional-level forecast and analysis on the digital substations market. Impact intensity of the dynamics on growth of the digital substations market has also been offered in the report.
This study also encompasses an in-depth assessment on value chain that delivers an exhaustive view of the digital substations market. In order to aid readers in better understanding the competition landscape of the digital substations market, Porter’s Five Forces model has been included. Additionally, a market attractiveness analysis, where end-users are benchmarked on the basis of their market growth rate, size, and general attractiveness, has also been incorporated in the report.
Digital Substations Market: Research Methodology
The report on the digital substations market has been developed on the basis of a robust research methodology, which involves a perfect mixture of primary and secondary researches. Secondary research sources include, but not limited to, national government documents, webcasts, news articles, press releases, market reports, and statistical databases specific to players operating in the digital substations market.
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Primary research sources include face-to-face interviews, telephonic interviews, and e-mail interactions, for every market segment, sub-segment, and category across geographies. Primary interviews have been conducted with industry experts and participants on an ongoing basis, for validating the analysis and data extracted from secondary sources.
Digital Substations Market: Competition Landscape
The report also offers an in-depth analysis on the competition landscape of the digital substations market, wherein key market players have been identified and profiled. Analysis on the company portfolio, recent developments, and shares in the digital substations market has been provided in the concluding section of the report.
Key players operating in digital substations market, as profiled by the report, include Schweitzer Engineering Laboratories, Inc., EFACEC, Schneider Electric SE, NR Electric Co., Ltd., Cisco Systems, Inc., Honeywell International Inc., Emerson Electric Co., Eaton Corporation Plc, Siemens AG, and ABB Ltd.
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