Key Findings
The digital substation market in North America is estimated to garner a CAGR of 5.74% during the forecast period. The increasing investments by the government in order to promote renewable energy projects, and to upgrade the infrastructure with regards to smart city, are driving the market growth.

Market Insights
The North American digital substation market is assessed based on the market regions of the United States and Canada. The funds and investments made by various departments with regards to various projects, is driving the market growth, and at the same time, it also aids in reducing energy costs. The total renewable energy sources in terms of electricity generation are estimated to increase in a substantial manner, thereby driving the demand for digital substation. The digital substation, due to its integrating capabilities, is finding increasing uses in transmission and distribution. In the Canadian region, the investments in upgrading the power capacity are expected to provide profitable market growth opportunities. Many organizations are in the process of developing innovative technologies for digital substations. This factor contributes to the digital substation market growth, and also provides lucrative opportunities for the growth of the market.

Competitive Insights
The rising investments and opportunities have resulted in the emergence of new players, and many innovations by the established players, in the market. Honeywell International Inc., Emerson Electric, Fuji Electric, Siemens Ag, Larsen & Toubro, Igrid T&D (Acquired By Thytronic Group), General Electric Company, Schneider Electric, etc. are some of the companies in the market.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments