Digital substations can boost the flexibility and responsiveness of transmission and distribution grids by capturing and using accurate, real-time data to control grid stability and react quickly to changing grid conditions.
This report aims to provide a comprehensive presentation of the global market for Digital Substation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Substation. This report contains market size and forecasts of Digital Substation in global, including the following market information:
Global Digital Substation Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Digital Substation Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Digital Substation companies in 2022 (%)
The global Digital Substation market was valued at US$ 1942.1 million in 2022 and is projected to reach US$ 2816.8 million by 2029, at a CAGR of 5.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Europe occupied 32.69% of the sales market in 2017. It is followed by North America and China which respectively accounted for around 25.83% and 21.60% of the global total industry. Other countries have a smaller amount of sales. Geographically, Europe was the largest production market in the world, which took about 49.03% of the global sales volume in 2017. ABB, General Electric, Siemens and Schneider Electric are the top 4 players of Digital Substation, with about 86% market shares.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Digital Substation manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digital Substation Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Digital Substation Market Segment Percentages, by Type, 2022 (%)
- Up to 110 kV
- 110 to 330 kV
- Above 330 kV
Global Digital Substation Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Digital Substation Market Segment Percentages, by Application, 2022 (%)
- Power Utility
- Industrial
Global Digital Substation Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Digital Substation Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- - US
- - Canada
- - Mexico
- Europe
- - Germany
- - France
- - U.K.
- - Italy
- - Russia
- - Nordic Countries
- - Benelux
- - Rest of Europe
- Asia
- - China
- - Japan
- - South Korea
- - Southeast Asia
- - India
- - Rest of Asia
- South America
- - Brazil
- - Argentina
- - Rest of South America
- Middle East & Africa
- - Turkey
- - Israel
- - Saudi Arabia
- - UAE
- - Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Digital Substation revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Digital Substation revenues share in global market, 2022 (%)
Key companies Digital Substation sales in global market, 2018-2023 (Estimated), (Units)
Key companies Digital Substation sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- ABB
- General Electric
- Siemens
- Schneider Electric
Outline of Major Chapters:
Chapter 1: Introduces the definition of Digital Substation, market overview.
Chapter 2: Global Digital Substation market size in revenue and volume.
Chapter 3: Detailed analysis of Digital Substation manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Digital Substation in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Digital Substation capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
Digital Substation Market, Global Outlook and Forecast 2023-2029
Table of Contents
1 Introduction to Research & Analysis Reports
1.1 Digital Substation Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Digital Substation Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Digital Substation Overall Market Size
2.1 Global Digital Substation Market Size: 2022 VS 2029
2.2 Global Digital Substation Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Digital Substation Sales: 2018-2029
3 Company Landscape
3.1 Top Digital Substation Players in Global Market
3.2 Top Global Digital Substation Companies Ranked by Revenue
3.3 Global Digital Substation Revenue by Companies
3.4 Global Digital Substation Sales by Companies
3.5 Global Digital Substation Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Digital Substation Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Digital Substation Product Type
3.8 Tier 1, Tier 2 and Tier 3 Digital Substation Players in Global Market
3.8.1 List of Global Tier 1 Digital Substation Companies
3.8.2 List of Global Tier 2 and Tier 3 Digital Substation Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Digital Substation Market Size Markets, 2022 & 2029
4.1.2 Up to 110 kV
4.1.3 110 to 330 kV
4.1.4 Above 330 kV
4.2 By Type - Global Digital Substation Revenue & Forecasts
4.2.1 By Type - Global Digital Substation Revenue, 2018-2023
4.2.2 By Type - Global Digital Substation Revenue, 2024-2029
4.2.3 By Type - Global Digital Substation Revenue Market Share, 2018-2029
4.3 By Type - Global Digital Substation Sales & Forecasts
4.3.1 By Type - Global Digital Substation Sales, 2018-2023
4.3.2 By Type - Global Digital Substation Sales, 2024-2029
4.3.3 By Type - Global Digital Substation Sales Market Share, 2018-2029
4.4 By Type - Global Digital Substation Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Digital Substation Market Size, 2022 & 2029
5.1.2 Power Utility
5.1.3 Industrial
5.2 By Application - Global Digital Substation Revenue & Forecasts
5.2.1 By Application - Global Digital Substation Revenue, 2018-2023
5.2.2 By Application - Global Digital Substation Revenue, 2024-2029
5.2.3 By Application - Global Digital Substation Revenue Market Share, 2018-2029
5.3 By Application - Global Digital Substation Sales & Forecasts
5.3.1 By Application - Global Digital Substation Sales, 2018-2023
5.3.2 By Application - Global Digital Substation Sales, 2024-2029
5.3.3 By Application - Global Digital Substation Sales Market Share, 2018-2029
5.4 By Application - Global Digital Substation Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region - Global Digital Substation Market Size, 2022 & 2029
6.2 By Region - Global Digital Substation Revenue & Forecasts
6.2.1 By Region - Global Digital Substation Revenue, 2018-2023
6.2.2 By Region - Global Digital Substation Revenue, 2024-2029
6.2.3 By Region - Global Digital Substation Revenue Market Share, 2018-2029
6.3 By Region - Global Digital Substation Sales & Forecasts
6.3.1 By Region - Global Digital Substation Sales, 2018-2023
6.3.2 By Region - Global Digital Substation Sales, 2024-2029
6.3.3 By Region - Global Digital Substation Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country - North America Digital Substation Revenue, 2018-2029
6.4.2 By Country - North America Digital Substation Sales, 2018-2029
6.4.3 US Digital Substation Market Size, 2018-2029
6.4.4 Canada Digital Substation Market Size, 2018-2029
6.4.5 Mexico Digital Substation Market Size, 2018-2029
6.5 Europe
6.5.1 By Country - Europe Digital Substation Revenue, 2018-2029
6.5.2 By Country - Europe Digital Substation Sales, 2018-2029
6.5.3 Germany Digital Substation Market Size, 2018-2029
6.5.4 France Digital Substation Market Size, 2018-2029
6.5.5 U.K. Digital Substation Market Size, 2018-2029
6.5.6 Italy Digital Substation Market Size, 2018-2029
6.5.7 Russia Digital Substation Market Size, 2018-2029
6.5.8 Nordic Countries Digital Substation Market Size, 2018-2029
6.5.9 Benelux Digital Substation Market Size, 2018-2029
6.6 Asia
6.6.1 By Region - Asia Digital Substation Revenue, 2018-2029
6.6.2 By Region - Asia Digital Substation Sales, 2018-2029
6.6.3 China Digital Substation Market Size, 2018-2029
6.6.4 Japan Digital Substation Market Size, 2018-2029
6.6.5 South Korea Digital Substation Market Size, 2018-2029
6.6.6 Southeast Asia Digital Substation Market Size, 2018-2029
6.6.7 India Digital Substation Market Size, 2018-2029
6.7 South America
6.7.1 By Country - South America Digital Substation Revenue, 2018-2029
6.7.2 By Country - South America Digital Substation Sales, 2018-2029
6.7.3 Brazil Digital Substation Market Size, 2018-2029
6.7.4 Argentina Digital Substation Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Digital Substation Revenue, 2018-2029
6.8.2 By Country - Middle East & Africa Digital Substation Sales, 2018-2029
6.8.3 Turkey Digital Substation Market Size, 2018-2029
6.8.4 Israel Digital Substation Market Size, 2018-2029
6.8.5 Saudi Arabia Digital Substation Market Size, 2018-2029
6.8.6 UAE Digital Substation Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 ABB
7.1.1 ABB Company Summary
7.1.2 ABB Business Overview
7.1.3 ABB Digital Substation Major Product Offerings
7.1.4 ABB Digital Substation Sales and Revenue in Global (2018-2023)
7.1.5 ABB Key News & Latest Developments
7.2 General Electric
7.2.1 General Electric Company Summary
7.2.2 General Electric Business Overview
7.2.3 General Electric Digital Substation Major Product Offerings
7.2.4 General Electric Digital Substation Sales and Revenue in Global (2018-2023)
7.2.5 General Electric Key News & Latest Developments
7.3 Siemens
7.3.1 Siemens Company Summary
7.3.2 Siemens Business Overview
7.3.3 Siemens Digital Substation Major Product Offerings
7.3.4 Siemens Digital Substation Sales and Revenue in Global (2018-2023)
7.3.5 Siemens Key News & Latest Developments
7.4 Schneider Electric
7.4.1 Schneider Electric Company Summary
7.4.2 Schneider Electric Business Overview
7.4.3 Schneider Electric Digital Substation Major Product Offerings
7.4.4 Schneider Electric Digital Substation Sales and Revenue in Global (2018-2023)
7.4.5 Schneider Electric Key News & Latest Developments
8 Global Digital Substation Production Capacity, Analysis
8.1 Global Digital Substation Production Capacity, 2018-2029
8.2 Digital Substation Production Capacity of Key Manufacturers in Global Market
8.3 Global Digital Substation Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Digital Substation Supply Chain Analysis
10.1 Digital Substation Industry Value Chain
10.2 Digital Substation Upstream Market
10.3 Digital Substation Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Digital Substation Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
List of Tables
Table 1. Key Players of Digital Substation in Global Market
Table 2. Top Digital Substation Players in Global Market, Ranking by Revenue (2022)
Table 3. Global Digital Substation Revenue by Companies, (US$, Mn), 2018-2023
Table 4. Global Digital Substation Revenue Share by Companies, 2018-2023
Table 5. Global Digital Substation Sales by Companies, (Units), 2018-2023
Table 6. Global Digital Substation Sales Share by Companies, 2018-2023
Table 7. Key Manufacturers Digital Substation Price (2018-2023) & (M USD/Unit)
Table 8. Global Manufacturers Digital Substation Product Type
Table 9. List of Global Tier 1 Digital Substation Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Digital Substation Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type - Global Digital Substation Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Global Digital Substation Revenue (US$, Mn), 2018-2023
Table 13. By Type - Global Digital Substation Revenue (US$, Mn), 2024-2029
Table 14. By Type - Global Digital Substation Sales (Units), 2018-2023
Table 15. By Type - Global Digital Substation Sales (Units), 2024-2029
Table 16. By Application - Global Digital Substation Revenue, (US$, Mn), 2022 & 2029
Table 17. By Application - Global Digital Substation Revenue (US$, Mn), 2018-2023
Table 18. By Application - Global Digital Substation Revenue (US$, Mn), 2024-2029
Table 19. By Application - Global Digital Substation Sales (Units), 2018-2023
Table 20. By Application - Global Digital Substation Sales (Units), 2024-2029
Table 21. By Region - Global Digital Substation Revenue, (US$, Mn), 2022 VS 2029
Table 22. By Region - Global Digital Substation Revenue (US$, Mn), 2018-2023
Table 23. By Region - Global Digital Substation Revenue (US$, Mn), 2024-2029
Table 24. By Region - Global Digital Substation Sales (Units), 2018-2023
Table 25. By Region - Global Digital Substation Sales (Units), 2024-2029
Table 26. By Country - North America Digital Substation Revenue, (US$, Mn), 2018-2023
Table 27. By Country - North America Digital Substation Revenue, (US$, Mn), 2024-2029
Table 28. By Country - North America Digital Substation Sales, (Units), 2018-2023
Table 29. By Country - North America Digital Substation Sales, (Units), 2024-2029
Table 30. By Country - Europe Digital Substation Revenue, (US$, Mn), 2018-2023
Table 31. By Country - Europe Digital Substation Revenue, (US$, Mn), 2024-2029
Table 32. By Country - Europe Digital Substation Sales, (Units), 2018-2023
Table 33. By Country - Europe Digital Substation Sales, (Units), 2024-2029
Table 34. By Region - Asia Digital Substation Revenue, (US$, Mn), 2018-2023
Table 35. By Region - Asia Digital Substation Revenue, (US$, Mn), 2024-2029
Table 36. By Region - Asia Digital Substation Sales, (Units), 2018-2023
Table 37. By Region - Asia Digital Substation Sales, (Units), 2024-2029
Table 38. By Country - South America Digital Substation Revenue, (US$, Mn), 2018-2023
Table 39. By Country - South America Digital Substation Revenue, (US$, Mn), 2024-2029
Table 40. By Country - South America Digital Substation Sales, (Units), 2018-2023
Table 41. By Country - South America Digital Substation Sales, (Units), 2024-2029
Table 42. By Country - Middle East & Africa Digital Substation Revenue, (US$, Mn), 2018-2023
Table 43. By Country - Middle East & Africa Digital Substation Revenue, (US$, Mn), 2024-2029
Table 44. By Country - Middle East & Africa Digital Substation Sales, (Units), 2018-2023
Table 45. By Country - Middle East & Africa Digital Substation Sales, (Units), 2024-2029
Table 46. ABB Company Summary
Table 47. ABB Digital Substation Product Offerings
Table 48. ABB Digital Substation Sales (Units), Revenue (US$, Mn) and Average Price (M USD/Unit) (2018-2023)
Table 49. ABB Key News & Latest Developments
Table 50. General Electric Company Summary
Table 51. General Electric Digital Substation Product Offerings
Table 52. General Electric Digital Substation Sales (Units), Revenue (US$, Mn) and Average Price (M USD/Unit) (2018-2023)
Table 53. General Electric Key News & Latest Developments
Table 54. Siemens Company Summary
Table 55. Siemens Digital Substation Product Offerings
Table 56. Siemens Digital Substation Sales (Units), Revenue (US$, Mn) and Average Price (M USD/Unit) (2018-2023)
Table 57. Siemens Key News & Latest Developments
Table 58. Schneider Electric Company Summary
Table 59. Schneider Electric Digital Substation Product Offerings
Table 60. Schneider Electric Digital Substation Sales (Units), Revenue (US$, Mn) and Average Price (M USD/Unit) (2018-2023)
Table 61. Schneider Electric Key News & Latest Developments
Table 62. Digital Substation Production Capacity (Units) of Key Manufacturers in Global Market, 2021-2023 (Units)
Table 63. Global Digital Substation Capacity Market Share of Key Manufacturers, 2021-2023
Table 64. Global Digital Substation Production by Region, 2018-2023 (Units)
Table 65. Global Digital Substation Production by Region, 2024-2029 (Units)
Table 66. Digital Substation Market Opportunities & Trends in Global Market
Table 67. Digital Substation Market Drivers in Global Market
Table 68. Digital Substation Market Restraints in Global Market
Table 69. Digital Substation Raw Materials
Table 70. Digital Substation Raw Materials Suppliers in Global Market
Table 71. Typical Digital Substation Downstream
Table 72. Digital Substation Downstream Clients in Global Market
Table 73. Digital Substation Distributors and Sales Agents in Global Market
List of Figures
Figure 1. Digital Substation Segment by Type in 2022
Figure 2. Digital Substation Segment by Application in 2022
Figure 3. Global Digital Substation Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Digital Substation Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Digital Substation Revenue, 2018-2029 (US$, Mn)
Figure 7. Digital Substation Sales in Global Market: 2018-2029 (Units)
Figure 8. The Top 3 and 5 Players Market Share by Digital Substation Revenue in 2022
Figure 9. By Type - Global Digital Substation Revenue, (US$, Mn), 2022 & 2029
Figure 10. By Type - Global Digital Substation Revenue Market Share, 2018-2029
Figure 11. By Type - Global Digital Substation Sales Market Share, 2018-2029
Figure 12. By Type - Global Digital Substation Price (M USD/Unit), 2018-2029
Figure 13. By Application - Global Digital Substation Revenue, (US$, Mn), 2022 & 2029
Figure 14. By Application - Global Digital Substation Revenue Market Share, 2018-2029
Figure 15. By Application - Global Digital Substation Sales Market Share, 2018-2029
Figure 16. By Application - Global Digital Substation Price (M USD/Unit), 2018-2029
Figure 17. By Region - Global Digital Substation Revenue, (US$, Mn), 2022 & 2029
Figure 18. By Region - Global Digital Substation Revenue Market Share, 2018 VS 2022 VS 2029
Figure 19. By Region - Global Digital Substation Revenue Market Share, 2018-2029
Figure 20. By Region - Global Digital Substation Sales Market Share, 2018-2029
Figure 21. By Country - North America Digital Substation Revenue Market Share, 2018-2029
Figure 22. By Country - North America Digital Substation Sales Market Share, 2018-2029
Figure 23. US Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 24. Canada Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 25. Mexico Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 26. By Country - Europe Digital Substation Revenue Market Share, 2018-2029
Figure 27. By Country - Europe Digital Substation Sales Market Share, 2018-2029
Figure 28. Germany Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 29. France Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 30. U.K. Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 31. Italy Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 32. Russia Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 33. Nordic Countries Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 34. Benelux Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 35. By Region - Asia Digital Substation Revenue Market Share, 2018-2029
Figure 36. By Region - Asia Digital Substation Sales Market Share, 2018-2029
Figure 37. China Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 38. Japan Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 39. South Korea Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 40. Southeast Asia Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 41. India Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 42. By Country - South America Digital Substation Revenue Market Share, 2018-2029
Figure 43. By Country - South America Digital Substation Sales Market Share, 2018-2029
Figure 44. Brazil Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 45. Argentina Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 46. By Country - Middle East & Africa Digital Substation Revenue Market Share, 2018-2029
Figure 47. By Country - Middle East & Africa Digital Substation Sales Market Share, 2018-2029
Figure 48. Turkey Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 49. Israel Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 50. Saudi Arabia Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 51. UAE Digital Substation Revenue, (US$, Mn), 2018-2029
Figure 52. Global Digital Substation Production Capacity (Units), 2018-2029
Figure 53. The Percentage of Production Digital Substation by Region, 2022 VS 2029
Figure 54. Digital Substation Industry Value Chain
Figure 55. Marketing Channels
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