Table of Content

1    INTRODUCTION    25
1.1    STUDY OBJECTIVES    25
1.2    MARKET DEFINITION    25
1.2.1    INCLUSIONS AND EXCLUSIONS    26
1.3    STUDY SCOPE    26
1.3.1    MARKETS COVERED    26
1.3.2    GEOGRAPHIC SCOPE    27
1.3.3    YEARS CONSIDERED    27
1.4    CURRENCY    28
1.5    LIMITATIONS    28
1.6    STAKEHOLDERS    28
2    RESEARCH METHODOLOGY    29
2.1    RESEARCH DATA    29
FIGURE 1    DIGITAL SUBSTATION MARKET: RESEARCH DESIGN    29
2.1.1    SECONDARY DATA    31
2.1.1.1    Key data from secondary sources    31
2.1.2    PRIMARY DATA    32
2.1.2.1    Breakdown of primaries    32
2.1.2.2    Key data from primary sources    33
2.1.3    SECONDARY AND PRIMARY RESEARCH    34
2.2    MARKET SIZE ESTIMATION    35
FIGURE 2    MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM SALE OF DIGITAL SUBSTATIONS    35
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): REVENUE FROM HARDWARE/SOFTWARE OF DIGITAL SUBSTATIONS    35
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIZE) – BOTTOM-UP APPROACH FOR ESTIMATION OF SIZE OF DIGITAL SUBSTATION MARKET BASED ON REGION    36
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4 (DEMAND SIZE) – BOTTOM-UP APPROACH FOR ESTIMATION OF SIZE OF DIGITAL SUBSTATION MARKET BASED ON INDUSTRY    37
2.2.1    BOTTOM-UP APPROACH    38
2.2.1.1    Approach used to arrive at market size using bottom-up analysis    38
FIGURE 6    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    38
2.2.1.2    Approach for obtaining company-specific information in digital substation value chain    38
2.2.2    TOP-DOWN APPROACH    39
2.2.2.1    Approach used to arrive at market size using top-down analysis    39
FIGURE 7    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    39
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    40
FIGURE 8    DATA TRIANGULATION METHODOLOGY    40
2.4    RESEARCH ASSUMPTIONS    41
3    EXECUTIVE SUMMARY    42
3.1    DIGITAL SUBSTATION MARKET: REALISTIC SCENARIO (POST-COVID-19)    42
FIGURE 9    DIGITAL SUBSTATION MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS (2017–2025)    42
3.2    DIGITAL SUBSTATION MARKET: OPTIMISTIC SCENARIO (POST-COVID-19)    43
3.3    DIGITAL SUBSTATION MARKET: PESSIMISTIC SCENARIO (POST-COVID-19)    43
FIGURE 10    HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF DIGITAL SUBSTATION MARKET FROM 2020 TO 2025    43
FIGURE 11    TRANSMISSION SEGMENT TO ACCOUNT FOR LARGER SIZE OF DIGITAL SUBSTATION HARDWARE MARKET FROM 2020 TO 2025    44
FIGURE 12    NEW INSTALLATION TYPE SEGMENT HELD LARGER SHARE OF DIGITAL SUBSTATION MARKET IN 2019    44
FIGURE 13    UTILITY INDUSTRY SEGMENT HELD LARGEST SHARE OF DIGITAL SUBSTATION MARKET IN 2019    45
FIGURE 14    APAC ACCOUNTED FOR LARGEST SHARE OF DIGITAL SUBSTATION
MARKET IN 2019    46
4    PREMIUM INSIGHTS    47
4.1    ATTRACTIVE GROWTH OPPORTUNITIES IN DIGITAL SUBSTATION MARKET    47
FIGURE 15    INCREASING INVESTMENTS IN SMART GRID INFRASTRUCTURE DRIVING MARKET GROWTH    47
4.2    DIGITAL SUBSTATION MARKET FOR UTILITY, BY TYPE    47
FIGURE 16    NON-RENEWABLE TO ACCOUNT FOR LARGER SHARE OF UTILITY SEGMENT IN DIGITAL SUBSTATION MARKET FROM 2020 TO 2025    47
4.3    DIGITAL SUBSTATION MARKET IN APAC, BY INDUSTRY AND COUNTRY    48
FIGURE 17    UTILITY SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES OF DIGITAL SUBSTATION MARKET IN APAC IN 2019    48
4.4    DIGITAL SUBSTATION MARKET, BY VOLTAGE    48
FIGURE 18    200–500 KV SEGMENT TO GROW AT HIGHEST CAGR IN DIGITAL SUBSTATION MARKET FROM 2020 TO 2025    48
4.5    DIGITAL SUBSTATION MARKET, BY REGION    49
FIGURE 19    DIGITAL SUBSTATION MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025    49
5    MARKET OVERVIEW    50
5.1    INTRODUCTION    50
5.2    MARKET DYNAMICS    50
FIGURE 20    MARKET DYNAMICS: OVERVIEW    50
5.2.1    DRIVERS    51
5.2.1.1    Investments in smart cities and smart grid infrastructure development    51
5.2.1.2    Compactness and high efficiency to cater to increasing
power demand    51
5.2.1.3    Superior benefits of digital substations over traditional counterparts    51
5.2.1.4    Improved safety and effective communication in power distribution and transmission processes    52
FIGURE 21    DRIVERS AND THEIR IMPACT ON DIGITAL SUBSTATION MARKET    53
5.2.2    RESTRAINTS    53
5.2.2.1    High initial set-up costs associated with digital substations    53
FIGURE 22    RESTRAINT AND ITS IMPACT ON DIGITAL SUBSTATION MARKET    54
5.2.3    OPPORTUNITIES    54
5.2.3.1    Rising demand for renewable energy projects    54
5.2.3.2    Increasing demand for battery technology to generate electricity    55
FIGURE 23    OPPORTUNITIES AND THEIR IMPACT ON DIGITAL SUBSTATION MARKET    55
5.2.4    CHALLENGES    55
5.2.4.1    Concerns regarding cyber attacks    55
5.2.4.2    COVID-19 negatively impacted renewable energy sector    56
FIGURE 24    CHALLENGES AND THEIR IMPACT ON DIGITAL SUBSTATION MARKET    57
5.3    VALUE CHAIN ANALYSIS    57
FIGURE 25    VALUE CHAIN ANALYSIS: DIGITAL SUBSTATION MARKET    57
5.3.1    RESEARCH, DESIGN, AND DEVELOPMENT    58
5.3.2    MANUFACTURING    58
5.3.3    TRANSMISSION    58
5.3.4    DISTRIBUTION    58
5.3.5    POST-SALES SERVICES    58
6    TECHNOLOGY OVERVIEW    59
6.1    INTRODUCTION    59
6.2    CONVENTIONAL VS DIGITAL SUBSTATIONS    59
TABLE 1    COMPARISON BETWEEN CONVENTIONAL AND DIGITAL SUBSTATIONS    59
6.3    DIGITAL SUBSTATION ARCHITECTURE    60
FIGURE 26    DIGITAL SUBSTATION ARCHITECTURE    60
6.3.1    PROCESS LEVEL    61
6.3.2    BAY LEVEL    61
6.3.3    STATION CONTROL LEVEL    61
6.4    NON-CONVENTIONAL INSTRUMENT TRANSFORMERS (NCIT)    62
6.4.1    VOLTAGE INSTRUMENT TRANSFORMERS    62
6.4.2    CURRENT INSTRUMENT TRANSFORMERS    62
6.5    OVERVIEW OF INTERNATIONAL STANDARD COMMUNICATION PROTOCOLS    63
6.5.1    IEC 61850    63
6.5.2    IEC 61850-8-1    63
6.5.3    IEC 61850-9-2    63
6.6    LIST OF COMPLETED & ONGOING PROJECTS OF DIGITAL SUBSTATIONS
FROM 2017 TO 2020    64
TABLE 2    DIGITAL SUBSTATION PROJECTS IN NORTH AMERICA    64
TABLE 3    DIGITAL SUBSTATION PROJECTS IN EUROPE    65
TABLE 4    DIGITAL SUBSTATION PROJECTS IN APAC    67
TABLE 5    DIGITAL SUBSTATION PROJECTS IN ROW    68
7    DIGITAL SUBSTATION MARKET, BY MODULE    70
7.1    INTRODUCTION    71
FIGURE 27    HARDWARE MODULE SEGMENT TO HOLD LARGEST SIZE OF DIGITAL SUBSTATION MARKET FROM 2020 TO 2025    71
TABLE 6    DIGITAL SUBSTATION MARKET, BY MODULE, 2017–2025 (USD MILLION)    71
FIGURE 28    PRE-COVID-19 AND POST-COVID-19 ANALYSIS OF DIGITAL SUBSTATION MARKET FOR HARDWARE, 2020 –2025 (USD MILLION)    72
7.2    HARDWARE    72
TABLE 7    DIGITAL SUBSTATION MARKET FOR HARDWARE, BY TYPE,
2017–2025 (USD MILLION)    73
7.2.1    TRANSFORMERS    73
7.2.1.1    Growing transformer requirements for smooth operations of
digital substations    73
7.2.2    BUSBARS    73
7.2.2.1    Increasing demand for busbars to connect lines operating at same voltage levels    73
7.2.3    PROTECTION DEVICES    73
7.2.3.1    Circuit breakers    74
7.2.3.1.1    Rising use of circuit breakers in digital substations to prevent damages caused by faulty components    74
7.2.3.2    Protective relays    74
7.2.3.2.1    Surging demand for protective relays from digital substations for fault detection    74
7.2.3.3    Switchgears    74
7.2.3.3.1    Rising need for switchgears to ensure reliable and safe power operations in digital substations    74
7.2.4    INTERFACING UNITS    74
7.2.4.1    Human-machine interfaces (HMI)    74
7.2.4.1.1    Growing demand for dashboards with multi-touch capabilities    74
7.2.4.2    Remote terminal units (RTU)    75
7.2.4.2.1    Rising adoption of flexible and scalable hardware for remote monitoring of digital substations    75
7.2.4.3    Programmable logic controllers (PLCs)    75
7.2.4.3.1    Surging demand for programmable logic controllers to communicate with computer systems in digital substations    75
7.2.5    OTHERS    75
7.3    FIBER-OPTIC COMMUNICATION NETWORKS    75
7.3.1    INCREASING USE OF FIBER-OPTIC CABLES IN DIGITAL SUBSTATIONS
FOR FAST COMMUNICATION    75

7.4    SCADA SYSTEMS    76
7.4.1    GROWING USE OF SCADA SYSTEMS TO MONITOR AND CONTROL EQUIPMENT OF DIGITAL SUBSTATIONS    76
7.5    IMPACT OF COVID-19 ON MODULES OF DIGITAL SUBSTATIONS    76
8    DIGITAL SUBSTATION MARKET, BY TYPE    77
8.1    INTRODUCTION    78
FIGURE 29    TRANSMISSION SUBSTATION SEGMENT OF DIGITAL SUBSTATION MARKET TO GROW AT HIGH CAGR FROM 2020 TO 2025    78
TABLE 8    DIGITAL SUBSTATION MARKET, BY TYPE, 2017–2025 (USD BILLION)    78
FIGURE 30    PRE-COVID-19 AND POST-COVID-19 ANALYSIS OF TRANSMISSION DIGITAL SUBSTATION MARKET, 2020 –2025 (USD MILLION)    79
8.2    TRANSMISSION SUBSTATION    79
8.2.1    TRANSMISSION SUBSTATION SEGMENT TO ACCOUNT FOR LARGE SIZE OF DIGITAL SUBSTATION MARKET FROM 2020 TO 2025    79
TABLE 9    TRANSMISSION DIGITAL SUBSTATION MARKET, BY REGION, 2017–2025 (USD MILLION)    80
8.3    DISTRIBUTION SUBSTATION    80
8.3.1    DISTRIBUTION SUBSTATIONS TO WITNESS INCREASED DEMAND FROM APAC DURING FORECAST PERIOD    80
TABLE 10    DISTRIBUTION DIGITAL SUBSTATION MARKET, BY REGION, 2017–2025
(USD MILLION)    80
8.4    IMPACT OF COVID-19 ON TYPES OF DIGITAL SUBSTATIONS    81
9    DIGITAL SUBSTATION MARKET, BY INSTALLATION TYPE    82
9.1    INTRODUCTION    83
FIGURE 31    MARKET FOR NEW SUBSTATIONS EXPECTED TO HOLD LARGER SHARE FROM 2020 AND 2025    83
TABLE 11    DIGITAL SUBSTATION MARKET, BY INSTALLATION TYPE, 2017–2025
(USD BILLION)    83
9.2    NEW INSTALLATIONS    84
9.2.1    NEW INSTALLATIONS TO ACCOUNT FOR LARGER SIZE OF DIGITAL SUBSTATION MARKET FROM 2020 TO 2025    84
TABLE 12    DIGITAL SUBSTATION MARKET FOR NEW INSTALLATIONS, BY REGION,
2017–2025 (USD MILLION)    84
9.3    RETROFIT INSTALLATIONS    84
9.3.1    INCREASED NEED FOR GREATER SYSTEM & PERSONNEL SAFETY ENCOURAGES ADOPTION OF RETROFIT INSTALLATIONS    84
TABLE 13    DIGITAL SUBSTATION MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2017–2025 (USD MILLION)    85
9.4    IMPACT OF COVID-19 ON INSTALLATION TYPES OF DIGITAL SUBSTATIONS    85
10    DIGITAL SUBSTATION MARKET, BY VOLTAGE    86
10.1    INTRODUCTION    87
FIGURE 32    MARKET FOR DIGITAL SUBSTATIONS WITH VOLTAGE RANGE OF 220–550 KV IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    87
TABLE 14    DIGITAL SUBSTATION MARKET, BY VOLTAGE, 2017–2025 (USD MILLION)    87
10.2    UP TO 220 KV    88
10.2.1    ABILITY TO TRANSMIT POWER OVER LONG DISTANCES AS WELL AS IN INDUSTRIAL INFRASTRUCTURE    88
FIGURE 33    PRE-COVID-19 AND POST-COVID-19 ANALYSIS OF MARKET FOR DIGITAL SUBSTATIONS OF UP TO 220 KV VOLTAGE    88
TABLE 15    DIGITAL SUBSTATION MARKET FOR UP TO 220 KV RANGE, BY REGION,
2017–2025 (USD MILLION)    89
10.3    220–550 KV    89
10.3.1    MARKET FOR DIGITAL SUBSTATIONS OF RANGE 220–550 KV VOLTAGE TO GROW AT HIGHEST RATE DURING FORECAST PERIOD    89
TABLE 16    DIGITAL SUBSTATION MARKET FOR 220–500 KV RANGE, BY REGION,
2017–2025 (USD MILLION)    89
10.4    ABOVE 550 KV    90
10.4.1    ATTRACTIVE OPPORTUNITY DUE TO RISE IN POWER-GENERATION CAPACITIES AND REDUCTION IN TRANSMISSION LOSSES    90
TABLE 17    DIGITAL SUBSTATION MARKET FOR ABOVE 500 KV RANGE, BY REGION, 2017–2025 (USD MILLION)    90
10.5    IMPACT OF COVID-19 ON VOLTAGE OF DIGITAL SUBSTATIONS    90
11    DIGITAL SUBSTATION MARKET, BY INDUSTRY    91
11.1    INTRODUCTION    92
FIGURE 34    UTILITY INDUSTRY IS EXPECTED TO HOLD LARGEST SHARE OF DIGITAL SUBSTATION MARKET IN 2025    92
TABLE 18    DIGITAL SUBSTATION MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)    92
11.2    UTILITY    93
TABLE 19    DIGITAL SUBSTATION MARKET FOR UTILITY, BY REGION, 2017–2025
(USD MILLION)    93
FIGURE 35    PRE-COVID-19 AND POST-COVID-19 ANALYSIS OF MARKET FOR UTILITY, 2020–2025 (USD MILLION)    94
TABLE 20    DIGITAL SUBSTATION MARKET FOR UTILITY, BY TYPE, 2017–2025
(USD MILLION)    94
11.2.1    NON-RENEWABLES    94
11.2.1.1    Non-renewables hold largest share of market for utility    94
TABLE 21    DIGITAL SUBSTATION MARKET FOR UTILITY, BY NON-RENEWABLE SOURCE TYPE, 2017–2025 (USD MILLION)    95
TABLE 22    DIGITAL SUBSTATION MARKET FOR NON-RENEWABLE SOURCE, BY REGION, 2017–2025 (USD MILLION)    95
11.2.2    RENEWABLES    95
11.2.2.1    Decline in price of electricity generated from renewable sources of energy leading to adoption of digital substations in utility industry    95
TABLE 23    DIGITAL SUBSTATION MARKET FOR UTILITY, BY RENEWABLE SOURCE TYPE, 2017–2025 (USD MILLION)    96
FIGURE 36    PRE-COVID-19 AND POST-COVID-19 ANALYSIS OF MARKET FOR RENEWABLE SOURCES, 2020–2025 (USD MILLION)    96
TABLE 24    DIGITAL SUBSTATION MARKET FOR RENEWABLE SOURCES, BY REGION, 2017–2025 (USD MILLION)    97
11.3    HEAVY INDUSTRIES    97
11.3.1    INCREASED ADOPTION OF DIGITAL SUBSTATIONS IN HEAVY INDUSTRIES TO ENSURE IMPROVED QUALITY AND UNINTERRUPTED POWER SUPPLY    97
TABLE 25    DIGITAL SUBSTATION MARKET FOR HEAVY INDUSTRIES, BY REGION,
2017–2025 (USD MILLION)    98
11.4    TRANSPORTATION    98
11.4.1    RISE IN ADOPTION OF DIGITAL SUBSTATIONS FOR RAILWAYS AND METROS TO PREVENT FROM POWER INTERRUPTION    98
TABLE 26    DIGITAL SUBSTATION MARKET FOR TRANSPORTATION, BY REGION,
2017–2025 (USD MILLION)    98
11.5    OTHERS    99
TABLE 27    DIGITAL SUBSTATION MARKET FOR OTHER INDUSTRIES, BY REGION,
2017–2025 (USD MILLION)    99
11.6    IMPACT OF COVID-19 ON INDUSTRY OF DIGITAL SUBSTATIONS    99
12    GEOGRAPHY ANALYSIS    101
12.1    INTRODUCTION    102
FIGURE 37    DIGITAL SUBSTATION MARKET IN INDIA TO REGISTER HIGHEST CAGR BETWEEN 2020 AND 2025    102
TABLE 28    DIGITAL SUBSTATION MARKET, BY REGION, 2017–2025 (USD BILLION)    102
12.2    NORTH AMERICA    103
FIGURE 38    SNAPSHOT OF DIGITAL SUBSTATION MARKET IN NORTH AMERICA    104
TABLE 29    DIGITAL SUBSTATION MARKET IN NORTH AMERICA, BY MODULE,
2017–2025 (USD MILLION)    104
TABLE 30    DIGITAL SUBSTATION MARKET IN NORTH AMERICA, BY HARDWARE,
2017–2025 (USD MILLION)    105
TABLE 31    DIGITAL SUBSTATION MARKET IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)    105
TABLE 32    DIGITAL SUBSTATION MARKET IN NORTH AMERICA, BY VOLTAGE,
2017–2025 (USD MILLION)    105
TABLE 33    DIGITAL SUBSTATION MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)    105
TABLE 34    DIGITAL SUBSTATION MARKET IN NORTH AMERICA, BY INDUSTRY,
2017–2025 (USD MILLION)    106
TABLE 35    DIGITAL SUBSTATION MARKET IN NORTH AMERICA, BY UTILITY, 2017–2025 (USD MILLION)    106
TABLE 36    DIGITAL SUBSTATION MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2025 (USD MILLION)    106
12.2.1    US    107
12.2.1.1    Increasing investments by energy companies to
modernize grid system    107
TABLE 37    DIGITAL SUBSTATION MARKET IN US, BY MODULE, 2017–2025
(USD MILLION)    107
TABLE 38    DIGITAL SUBSTATION MARKET IN US, BY INDUSTRY, 2017–2025
(USD MILLION)    107
12.2.2    CANADA    107
12.2.2.1    High focus on electric grid security and resilience energy    107
TABLE 39    DIGITAL SUBSTATION MARKET IN CANADA, BY MODULE, 2017–2025
(USD MILLION)    108
TABLE 40    DIGITAL SUBSTATION MARKET IN CANADA, BY INDUSTRY, 2017–2025
(USD MILLION)    108
12.2.3    MEXICO    108
12.2.3.1    Significant growth of the smart grid exports market    108
TABLE 41    DIGITAL SUBSTATION MARKET IN MEXICO, BY MODULE, 2017–2025
(USD MILLION)    108
TABLE 42    DIGITAL SUBSTATION MARKET IN MEXICO, BY INDUSTRY, 2017–2025
(USD MILLION)    109
FIGURE 39    PRE- AND POST-COVID-19 ANALYSIS OF MARKET IN NORTH AMERICA, 2020–2025 (USD MILLION)    109
12.2.4    IMPACT OF COVID-19 ON NORTH AMERICAN MARKET    109
12.3    EUROPE    110
FIGURE 40    SNAPSHOT OF DIGITAL SUBSTATION MARKET IN EUROPE    110
TABLE 43    DIGITAL SUBSTATION MARKET IN EUROPE, BY MODULE, 2017–2025
(USD MILLION)    111
TABLE 44    DIGITAL SUBSTATION MARKET IN EUROPE, BY HARDWARE, 2017–2025
(USD MILLION)    111
TABLE 45    DIGITAL SUBSTATION MARKET IN EUROPE, BY TYPE, 2017–2025
(USD MILLION)    111
TABLE 46    DIGITAL SUBSTATION MARKET IN EUROPE, BY VOLTAGE, 2017–2025
(USD MILLION)    111
TABLE 47    DIGITAL SUBSTATION MARKET IN EUROPE, INSTALLATION TYPE, 2017–2025 (USD MILLION)    112
TABLE 48    DIGITAL SUBSTATION MARKET IN EUROPE, BY INDUSTRY, 2017–2025
(USD MILLION)    112
TABLE 49    DIGITAL SUBSTATION MARKET IN EUROPE, BY UTILITY, 2017–2025
(USD MILLION)    112
TABLE 50    DIGITAL SUBSTATION MARKET IN EUROPE, BY COUNTRY, 2017–2025
(USD MILLION)    112
12.3.1    UK    113
12.3.1.1    FITNESS project is expected to increase the installation of
digital substations    113
TABLE 51    DIGITAL SUBSTATION MARKET IN UK, BY MODULE, 2017–2025
(USD MILLION)    113
TABLE 52    DIGITAL SUBSTATION MARKET IN UK, BY INDUSTRY, 2017–2025
(USD MILLION)    113
12.3.2    GERMANY    114
12.3.2.1    Increasing installation of digital substations in the industrial sector    114
TABLE 53    DIGITAL SUBSTATION MARKET IN GERMANY, BY MODULE, 2017–2025
(USD MILLION)    114
TABLE 54    DIGITAL SUBSTATION MARKET IN GERMANY, BY INDUSTRY, 2017–2025 (USD MILLION)    114
12.3.3    FRANCE    115
12.3.3.1    High focus on renewable energy to increase demand for
digital substations    115
TABLE 55    DIGITAL SUBSTATION MARKET IN FRANCE, BY MODULE, 2017–2025
(USD MILLION)    115
TABLE 56    DIGITAL SUBSTATION MARKET IN FRANCE, BY INDUSTRY, 2017–2025
(USD MILLION)    115
12.3.4    ITALY    116
12.3.4.1    Serval programs initiated by the government for digitization of energy & power sector    116
TABLE 57    DIGITAL SUBSTATION MARKET IN ITALY, BY MODULE, 2017–2025
(USD MILLION)    116
TABLE 58    DIGITAL SUBSTATION MARKET IN ITALY, BY INDUSTRY, 2017–2025
(USD MILLION)    116
12.3.5    REST OF EUROPE    116
TABLE 59    DIGITAL SUBSTATION MARKET IN REST OF EUROPE, BY MODULE,
2017–2025 (USD MILLION)    117
TABLE 60    DIGITAL SUBSTATION MARKET IN REST OF EUROPE, BY INDUSTRY,
2017–2025 (USD MILLION)    117
12.3.6    IMPACT OF COVID-19 ON EUROPEAN MARKET    117
12.4    ASIA PACIFIC    118
FIGURE 41    SNAPSHOT OF DIGITAL SUBSTATION MARKET IN ASIA PACIFIC    118
TABLE 61    DIGITAL SUBSTATION MARKET IN APAC, BY MODULE, 2017–2025
(USD MILLION)    119
TABLE 62    DIGITAL SUBSTATION MARKET IN APAC, BY HARDWARE, 2017–2025
(USD MILLION)    119
TABLE 63    DIGITAL SUBSTATION MARKET IN APAC, BY TYPE, 2017–2025 (USD MILLION)    119
TABLE 64    DIGITAL SUBSTATION MARKET IN APAC, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)    119
TABLE 65    DIGITAL SUBSTATION MARKET IN APAC, BY VOLTAGE, 2017–2025 (USD MILLION)    120
TABLE 66    DIGITAL SUBSTATION MARKET IN APAC, BY INDUSTRY, 2017–2025
(USD MILLION)    120
TABLE 67    DIGITAL SUBSTATION MARKET IN APAC, BY UTILITY, 2017–2025
(USD MILLION)    120
TABLE 68    DIGITAL SUBSTATION MARKET IN APAC, BY COUNTRY, 2017–2025
(USD MILLION)    120
12.4.1    CHINA    121
12.4.1.1    Increasing installation of digital substations in China    121
TABLE 69    DIGITAL SUBSTATION MARKET IN CHINA, BY MODULE, 2017–2025
(USD MILLION)    121
TABLE 70    DIGITAL SUBSTATION MARKET IN CHINA, BY INDUSTRY, 2017–2025
(USD MILLION)    121
12.4.2    JAPAN    122
12.4.2.1    Increasing focus on rebuilding power grids and substations    122
TABLE 71    DIGITAL SUBSTATION MARKET IN JAPAN, BY MODULE, 2017–2025
(USD MILLION)    122
TABLE 72    DIGITAL SUBSTATION MARKET IN JAPAN, BY INDUSTRY, 2017–2025
(USD MILLION)    122
12.4.3    INDIA    122
12.4.3.1    Increased government investments in infrastructure projects to boost the power generation capacity in India    122
TABLE 73    DIGITAL SUBSTATION MARKET IN INDIA, BY MODULE, 2017–2025
(USD MILLION)    123
TABLE 74    DIGITAL SUBSTATION MARKET IN INDIA, BY INDUSTRY, 2017–2025
(USD MILLION)    123
12.4.4    SOUTH KOREA    123
12.4.4.1    Increasing focus on digitization of grids    123
TABLE 75    DIGITAL SUBSTATION MARKET IN SOUTH KOREA, BY MODULE, 2017–2025 (USD MILLION)    124
TABLE 76    DIGITAL SUBSTATION MARKET IN SOUTH KOREA, BY INDUSTRY, 2017–2025 (USD MILLION)    124
12.4.5    AUSTRALIA    124
12.4.5.1    Installation of digital substations in Australia is expected to increase in the long run    124
TABLE 77    DIGITAL SUBSTATION MARKET IN AUSTRALIA, BY MODULE, 2017–2025
(USD MILLION)    125
TABLE 78    DIGITAL SUBSTATION MARKET IN AUSTRALIA, BY INDUSTRY, 2017–2025 (USD MILLION)    125
12.4.6    REST OF APAC    125
TABLE 79    DIGITAL SUBSTATION MARKET IN REST OF APAC, BY MODULE, 2017–2025 (USD MILLION)    126
TABLE 80    DIGITAL SUBSTATION MARKET IN REST OF APAC, BY INDUSTRY, 2017–2025 (USD MILLION)    126
FIGURE 42    PRE- AND POST-COVID-19 ANALYSIS OF MARKET FOR APAC, 2020–2025 (USD MILLION)    126
12.4.7    IMPACT OF COVID-19 ON APAC MARKET    127
12.5    REST OF THE WORLD    128
FIGURE 43    SNAPSHOT OF DIGITAL SUBSTATION MARKET IN ROW    128
TABLE 81    DIGITAL SUBSTATION MARKET IN ROW, BY MODULE, 2017–2025
(USD MILLION)    129
TABLE 82    DIGITAL SUBSTATION MARKET IN ROW, BY HARDWARE, 2017–2025
(USD MILLION)    129
TABLE 83    DIGITAL SUBSTATION MARKET IN ROW, BY TYPE, 2017–2025 (USD MILLION)    129
TABLE 84    DIGITAL SUBSTATION MARKET IN ROW, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)    129
TABLE 85    DIGITAL SUBSTATION MARKET IN ROW, BY VOLTAGE, 2017–2025
(USD MILLION)    130
TABLE 86    DIGITAL SUBSTATION MARKET IN ROW, BY INDUSTRY, 2017–2025
(USD MILLION)    130
TABLE 87    DIGITAL SUBSTATION MARKET IN ROW, BY UTILITY, 2017–2025
(USD MILLION)    130
TABLE 88    DIGITAL SUBSTATION MARKET IN ROW, BY REGION, 2017–2025
(USD MILLION)    130
12.5.1    MIDDLE EAST    131
TABLE 89    DIGITAL SUBSTATION MARKET IN MIDDLE EAST, BY MODULE, 2017–2025 (USD MILLION)    131
TABLE 90    DIGITAL SUBSTATION MARKET IN MIDDLE EAST, BY INDUSTRY, 2017–2025 (USD MILLION)    131
TABLE 91    DIGITAL SUBSTATION MARKET IN MIDDLE EAST, BY COUNTRY, 2017–2025 (USD MILLION)    131
12.5.1.1    UAE    132
12.5.1.1.1    Increasing focus on improving the efficiency of the grid    132
TABLE 92    DIGITAL SUBSTATION MARKET IN UAE, BY MODULE, 2017–2025
(USD MILLION)    132
TABLE 93    DIGITAL SUBSTATION MARKET IN UAE, BY INDUSTRY, 2017–2025
(USD MILLION)    132
12.5.1.2    Saudi Arabia    133
12.5.1.2.1    Increasing installation of digital substations in
heavy industries    133
TABLE 94    DIGITAL SUBSTATION MARKET IN SAUDI ARABIA, BY MODULE, 2017–2025 (USD MILLION)    133
TABLE 95    DIGITAL SUBSTATION MARKET IN SAUDI ARABIA, BY INDUSTRY, 2017–2025 (USD MILLION)    133
12.5.1.3    Rest of the Middle East    134
TABLE 96    DIGITAL SUBSTATION MARKET IN REST OF MIDDLE EAST, BY MODULE,
2017–2025 (USD MILLION)    134
TABLE 97    DIGITAL SUBSTATION MARKET IN REST OF MIDDLE EAST, BY INDUSTRY, 2017–2025 (USD MILLION)    134
12.5.2    AFRICA    134
12.5.2.1    Upgradation of power facilities to meet rising demand for electricity    134
TABLE 98    DIGITAL SUBSTATION MARKET IN AFRICA, BY MODULE, 2017–2025
(USD MILLION)    135
TABLE 99    DIGITAL SUBSTATION MARKET IN AFRICA, BY INDUSTRY, 2017–2025
(USD MILLION)    135
12.5.3    SOUTH AMERICA    135
TABLE 100    DIGITAL SUBSTATION MARKET IN SOUTH AMERICA, BY MODULE,
2017–2025 (USD MILLION)    136
TABLE 101    DIGITAL SUBSTATION MARKET IN SOUTH AMERICA, BY INDUSTRY,
2017–2025 (USD MILLION)    136
TABLE 102    DIGITAL SUBSTATION MARKET IN SOUTH AMERICA, BY COUNTRY,
2017–2025 (USD MILLION)    136
12.5.3.1    Brazil    137
12.5.3.1.1    Increasing focus on smart grid infrastructure    137
TABLE 103    DIGITAL SUBSTATION MARKET IN BRAZIL, BY MODULE, 2017–2025
(USD MILLION)    137
TABLE 104    DIGITAL SUBSTATION MARKET IN BRAZIL, BY INDUSTRY, 2017–2025
(USD MILLION)    137
12.5.3.2    Rest of South America    137
TABLE 105    DIGITAL SUBSTATION MARKET IN REST OF SOUTH AMERICA, BY MODULE, 2017–2025 (USD MILLION)    138
TABLE 106    DIGITAL SUBSTATION MARKET IN REST OF SOUTH AMERICA, BY INDUSTRY, 2017–2025 (USD MILLION)    138
12.6    IMPACT OF COVID-19 ON REST OF THE WORLD MARKET    138
13    COMPETITIVE LANDSCAPE    139
13.1    OVERVIEW    139
FIGURE 44    PRODUCT LAUNCHES/DEVELOPMENTS, 2017–2020    139
13.2    RANKING ANALYSIS OF KEY PLAYERS IN DIGITAL SUBSTATION MARKET    140
FIGURE 45    DIGITAL SUBSTATION MARKET: RANKING OF KEY COMPANIES IN 2019    140
13.3    COMPETITIVE SITUATIONS AND TRENDS    141
13.3.1    PRODUCT LAUNCHES    141
TABLE 107    PRODUCT LAUNCHES, 2017–2020    141
13.3.2    AGREEMENTS    142
TABLE 108    AGREEMENTS, 2017–2019    142
13.3.3    CONTRACTS    143
TABLE 109    CONTRACTS, 2017–2020    143
13.3.4    EXPANSIONS    145
TABLE 110    EXPANSIONS, 2017–2020    145
13.3.5    PARTNERSHIPS    146
TABLE 111    PARTNERSHIPS, 2017–2019    146
13.3.6    ACQUISITIONS    146
TABLE 112    ACQUISITIONS, 2016–2019    146
13.4    COMPETITIVE LEADERSHIP MAPPING, 2019    147
13.4.1    VISIONARY LEADERS    147
13.4.2    DYNAMIC DIFFERENTIATORS    147
13.4.3    INNOVATORS    147
13.4.4    EMERGING COMPANIES    147
FIGURE 46    COMPETITIVE LEADERSHIP MAPPING, 2019    148
14    COMPANY PROFILES    149
14.1    KEY PLAYERS    149
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
14.1.1    ABB    149
FIGURE 47    ABB: COMPANY SNAPSHOT    150
14.1.2    GENERAL ELECTRIC (GE)    154
FIGURE 48    GENERAL ELECTRIC: COMPANY SNAPSHOT    155
14.1.3    SIEMENS    159
FIGURE 49    SIEMENS: COMPANY SNAPSHOT    160
14.1.4    EATON    164
FIGURE 50    EATON: COMPANY SNAPSHOT    164
14.1.5    SCHNEIDER ELECTRIC    167
FIGURE 51    SCHNEIDER ELECTRIC: COMPANY SNAPSHOT    168
14.1.6    HONEYWELL    171
FIGURE 52    HONEYWELL: COMPANY SNAPSHOT    171
14.1.7    CISCO    173
FIGURE 53    CISCO: COMPANY SNAPSHOT    174
14.1.8    EMERSON    176
FIGURE 54    EMERSON: COMPANY SNAPSHOT    176
14.1.9    NR ELECTRIC    178
14.1.10    LARSEN & TOUBRO    180
FIGURE 55    LARSEN & TOUBRO: COMPANY SNAPSHOT    181
*Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
14.2    RIGHT TO WIN    183
14.3    OTHER IMPORTANT PLAYERS    184
14.3.1    SCHWEITZER ENGINEERING LABORATORIES, INC.    184
14.3.2    WELOTEC GMBH    184
14.3.3    TCS DIGITAL    185
14.3.4    GUODIAN NANJING AUTOMATION CO., LTD.    185
14.3.5    TESCO AUTOMATION INC.    186
14.3.6    LOCAMATION    186
14.3.7    BEIJING SIFANG AUTOMATION CO., LTD.    187
14.3.8    NETCONTROL GROUP    187
14.3.9    PROSOFT-SYSTEMS    188
14.3.10    FUJI ELECTRIC    188
14.3.11    EFACEC    189
14.3.12    TEKVEL    189
14.3.13    IGRID T&D    190
14.3.14    CADILLAC AUTOMATION AND CONTROLS    190
14.3.15    I-TOR    191
15    APPENDIX    192
15.1    INSIGHTS FROM INDUSTRY EXPERTS    192
15.2    DISCUSSION GUIDE    193
15.3    KNOWLEDGE STORE    196
15.4    AVAILABLE CUSTOMIZATIONS    198
15.5    RELATED REPORTS    198
15.6    AUTHOR DETAILS    199