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Title: saif1234


1
Digital Substation Market Analysis, Research and
Trends Report 2022-2028
2
Industry Overview
  • Digital substation market size will expand at a
    significant pace over 2022-2028 with increasing
    deployment of transmission and distribution
    systems globally. Electrical systems,
    communication networks, monitoring and control
    systems are among the major components of these
    substations. Growing infrastructure spending in
    regions like Asia Pacific and MEA will augment
    the manufacturing of transformers and other
    substation components over the coming years.
    Robust industrial sector in these regions will
    also fuel the market forecast.
  • Global digital substation industry share from
    substation automation system (SAS) component will
    witness more than 9 CAGR through 2028. These
    systems offer improved protection, control, and a
    safe operating environment. SAS are required for
    effective modernization of power grids, by
    providing seamless communication, automation and
    interoperability between devices in the
    substation. Increased expenditure on upgrading
    electricity infrastructure in countries such as
    the U.S. will drive SAS deployment over the
    coming years.
  • In terms of architecture, digital substation
    market is divided into process, bay and station
    segments. The industry share from process
    architecture segment is projected to surpass USD
    2 billion by 2028.

3
Continue
  • With regards to connectivity, the lt33 kV segment
    is anticipated to hold around 18 of digital
    substation industry share by 2028. Further,
    increasing number of small-scale commercial
    buildings and expanding real estate sector
    worldwide will augment the deployment of
    substations with connectivity between 33 kV to
    110 kV. Continuous development of the industrial
    sector and establishment of manufacturing units
    in emerging economies like India will reinforce
    the demand for 220 kV to 550 kV substations.
  • Medium voltage digital substation market size is
    expected to register notable gains over the
    forecast timeframe 2022-2028. Growing expenditure
    on commercial infrastructure development has
    driven the expansion of power grids and
    compatible TD components. High voltage level
    digital substation industry share is projected to
    expand at more than 10 CAGR through 2028.
  • While the expenditure on upgradation of existing
    power grids is growing, the development of new
    TD networks and substations is also on the rise.
    A substantial boost in energy consumption
    worldwide has been observed over the past few
    years. Digital substation market share from new
    installations will showcase a significant growth
    rate. The need for supplying power to remote
    areas is among the key factors fueling the market
    trends.

4

Browse Full Market Research Report Of Digital
Substation Market _at_ https//www.gminsights.com/ind
ustry-analysis/digital-substation-market
Inquiry Before Buying_at_ https//www.gminsights.c
om/inquiry-before-buying/2441 Request for a
Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/2
441
5
Digital Substation Market

6
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