Unlock What Growth Digital Substation Market May See in Future; Participants Still Eyeing Growth in Market

Digital Substation Market Latest Edition Published with Forecast to 2028
The article cited AMA's Global Digital Substation Market Study explored substantial growth with CAGR of %. According the report, Rising Trend of Implementing Developments in the Context of Iot, Cloud, AI & ML among Others in Digital Substations is one of the primary growth factors for the market. Increasing Pace of Digitalization across World is also expected to contribute significantly to the Digital Substation market. Overall, Power Utility applications of Digital Substation, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as ABB Group (Switzerland), Siemens (Germany), General Electric (United States), Cisco Systems (United States), Schneider Electric (France), Honeywell International (United States), Emerson Electric (United States), Larsen & Toubro (India), Eaton Corporation (Ireland) and NR Electric (China) may see astonishing sales in this Market and certainly improve revenue growth.

The Industry, such as Utility, is boosting the Digital Substation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Voltage Type, such as Up to 220 kV, is boosting the Digital Substation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Architecture, such as Process Level, is boosting the Digital Substation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Module, such as Hardware, is boosting the Digital Substation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Digital Substation market identified that the demand is rising in many different parts of the world as "Paradigm Shift toward the Expansion of Prevailing Networks in Developed Nations Is Boosting the Industry ". Furthermore, some recent industry insights like "In July 2023, GE Grid Solutions launched its GridOS substation automation platform. GridOS is a cloud-based platform that provides utilities with a comprehensive overview of their substation operations and enables them to optimize performance." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Effective Electrical Infrastructure in the Emerging Countries can be one of the Challenge towards the Industry and Concerns Related to Controlling Cybersecurity Risks"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Digital Substation market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Digital Substation market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Digital Substation market tight?
• Which application/end-user category or Product Type [Transmission Substations and Distribution Substations] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Digital Substation market and other related sub-markets covered in the study.

o Key & emerging players in the Digital Substation market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Digital Substation market size is calculated using market estimation process, the Digital Substation market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Digital Substation market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales