Digital Substations Market

Digital Substations Market (Module: Hardware, Fiber Optic Communication Network, and SCADA; and Type: Transmission Substations and Distribution Substations) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Digital Substations Market Outlook 2031

  • The global industry was valued at US$ 9.2 Bn in 2022
  • It is estimated to grow at a CAGR of 6.8% from 2023 to 2031 and reach US$ 16.6 Bn by the end of 2031

Analyst Viewpoint

Rise in adoption of the process bus technology in substations is a prominent factor that is augmenting the digital substations market size. Digital substations help increase asset adaptability and maintain system reliability, while lowering labor and material costs. Industry-wide focus on carbon neutrality and ‘net zero emissions’ is also fostering market progress.

Governments of various countries are focusing on generating larger amount of renewable energy to ease the strain on existing power systems. The usage of digital components to effectively manage and distribute higher power loads is expected to dominate digital substations market trends through 2031. Manufacturers of digital substations are investing substantially in cyber-secure digital substation architecture to expand their global customer base.

Digital Substations Market

Market Introduction

Substation is a component of an electric power system. It is made up of high-voltage apparatus developed and scaled for the operating voltage of the substation (known as the primary system) and low-voltage equipment (referred to as the secondary system).

Usage of distributed intelligent electronic devices (IEDs) for substations linked via communications networks is the preferred method for the governance of digital substations.

Electricity networks are under severe pressure to perform effectively. Power generation is becoming more dynamic, with dispersed and renewable technologies coming online at a rapid pace. As the number of power sources grows, so does the impact of intermittent or unexpected generation, to which the grid must respond.

The digital substations market analysis reveals that a key challenge for intelligent substations is to strike a balance between increasing asset flexibility and preserving system dependability, while lowering material and labor costs. A shrinking trained workforce adds to the complication. Many of these difficulties may be solved by a digital substation.

Rise in Adoption of Process Bus Solutions Boosting Digital Substations Market Growth

Process bus solution is executed in the switchyard by inserting additional equipment, known as Merging Units (MU), near the primary equipment. The merging unit receives the instrument transformer output values, transforms them into digital signals, and delivers them to the secondary equipment (BCU, protection relays) via sampling values (SV) over an Ethernet-based connection.

This method eliminates the need for extra hardware such as hardwired connections between the IED and the instrument transformer. Process bus technology is designed in accordance with the international standard for substation communication IEC 61850-9-2, which enables compatibility between main and secondary equipment for quick and flexible system update and expansion.

There are several advantages of adopting the process bus solution technology in smart grid substations. Usage of standard hardware according to industry standards makes maintenance of these systems simpler, faster, and more reliable.

Substation automation also provides real-time advanced monitoring and control in substations for diagnosis of faults and errors. This enables faster recovery from downtimes across the connected systems.

Process bus setups in digital substations also improve voltage measurement accuracy by shortening the distance between CT/VTs to the signal processor, thus leading to lower electrical failure ratings. Finally, process bus solutions improve workplace safety by achieving electrical isolation of systems, which is especially crucial in times of grid failures.

Industry-wide Focus on Carbon Neutrality Fostering Market Development

The global energy environment is quickly changing, with greater emphasis on renewable energy sources and carbon-neutral targets. Power networks must become more flexible and efficient to meet these changes.

Novel substation designs are capable of integrating intermittent renewable energy sources while maintaining a stable and resilient power supply. As a result, demand for smart grid digital substation solutions is rising across the globe.

According to a research by the Pacific Northwest National Laboratory, digital grid technologies have the potential to cut electricity-related carbon dioxide (CO2) emissions in the U.S. by up to 12% by 2030. On a worldwide scale, this would imply a reduction of 2 billion tons of CO2 per year by the end of this decade.

Easy incorporation with environmentally-friendly electricity efforts is a key advantage of digital substations that is augmenting the global digital substations market. The usage of distributed energy resources (DERs) to minimize carbon emissions is gathering momentum across the globe. As a result, digital substations are projected to be at the forefront of 'net zero' power generating activities.

The digital substations industry is also projected to benefit from 70% decrease in copper protection and control cables. This would reduce capital and transportation expenses, as well as production efforts, all of which will help lower the carbon footprint.

The route to net zero energy includes a digital overhaul of the power generation network. Irrespective of the shape the energy landscape takes, a decarbonized economy and adoption of digital technologies is likely to continue to fuel market expansion in the near future.

Regional Outlook

As per digital substations market research, Asia Pacific accounted for significant share of the global landscape in 2022. This can be ascribed to the presence of several well-established market players in the region.

Increase in demand for energy among local industrial bodies is also boosting the market dynamics of Asia Pacific. Furthermore, rise in number of manufacturing units in India and China is augmenting the market statistics of the region.

According to the latest digital substations market forecast, North America is also expected to constitute key share of the sector in the near future, led by the high availability of modernized grid infrastructure in the region. Rise in investments in the power sector by the governments of the U.S. and Canada is also bolstering the digital substations industry growth in North America.

Analysis of Key Players

As per digital substations market insights, manufacturers of digital substations are investing substantially in improvement of transmission efficiency of power cables to ensure an uninterrupted supply to power stations.

They are also carrying out research and development activities to introduce smart grid technologies in order to modernize their grid systems. ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Cisco Systems, Inc., NR Electric Co., Ltd., EFACEC, and Schweitzer Engineering Laboratories, Inc. are the leading players operating in the global digital substations market.

These companies have been summarized in the digital substations market report based on parameters such as company overview, business strategies, financial overview, product portfolio, and business segments.

Key Developments in Digital Substations Market

  • In November 2023, Schneider Electric urged energy decision makers to prioritize digital upgrades in order to meet the demand for resilient, efficient, sustainable, and flexible grids. The company’s PowerLogic P7 protection relay as well as EcoStruxure Power Automation System Engineering and EcoStruxure System Management tools contribute to the creation of a virtual model of a substation that spans its lifespan, resulting in more dependable electrical networks, lower maintenance costs, and optimised power management.
  • In August 2023, Eaton stated that it is expanding its Nacogdoches, Texas manufacturing plant by 200,000 square feet. The move would double the company’s production capacity of three-phase transformers and voltage regulators to meet the rise in demand for solutions that boost grid modernization.

Digital Substations Market Snapshot

Attribute Detail
Market Size in 2022 US$ 9.2 Bn
Market Forecast (Value) in 2031 US$ 16.6 Bn
Growth Rate (CAGR) 6.8%
Forecast Period 2023-2031
Historical Data Available for 2017-2021
Quantitative Tons US$ Bn for Value
Market Analysis It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis.
Competition Landscape
  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • Module
    • Hardware
    • Fiber Optic Communication Network
    • SCADA
  • Type
    • Transmission Substations
    • Distribution Substations
  • Voltage
    • Up to 220 kV
    • 220-550 kV
    • Above 500 kV
  • End-use Industry
    • Utility
    • Metal
    • Mining
    • Oil & Gas
    • Transportation
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Japan
  • China
  • India
  • Brazil
  • South Africa
  • GCC countries
Companies Profiled
  • ABB Ltd
  • Siemens AG
  • Schneider Electric SE
  • Eaton Corporation Plc
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Cisco Systems, Inc.
  • NR Electric Co., Ltd.
  • EFACEC
  • Schweitzer Engineering Laboratories, Inc.
Customization Scope Available upon request
Pricing Available upon request

Frequently Asked Questions

How big was the global digital substations market in 2022?

It was valued at US$ 9.2 Bn in 2022

How is the digital substations business expected to grow by 2031?

It is likely to grow at a CAGR of 6.8% from 2023 to 2031

What are the key factors driving the demand for digital substations?

Rise in adoption of process bus technology in substations and industry-wide focus on carbon neutrality and ‘net zero emissions’

Which was the major region in the global digital substations landscape in 2022?

Asia Pacific was the leading region in 2022

Which end-use industry segment holds the largest share in the digital substations sector?

The utility segment commands a bulk of the share

Who are the key digital substations manufacturers?

ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Cisco Systems, Inc., NR Electric Co., Ltd., EFACEC, and Schweitzer Engineering Laboratories, Inc.

    1. Preface

        1.1. Market and Segment Definitions

        1.2. Market Taxonomy

        1.3. Research Methodology

        1.4. Assumption and Acronyms

    2. Executive Summary

        2.1. Global Digital Substations Market Overview

        2.2. Regional Outline

        2.3. Industry Outline

        2.4. Market Dynamics Snapshot

        2.5. Competition Blueprint

    3. Market Dynamics

        3.1. Macro-economic Factors

        3.2. Drivers

        3.3. Restraints

        3.4. Opportunities

        3.5. Key Trends

        3.6. Regulatory Framework

    4. Associated Industry and Key Indicator Assessment

        4.1. Parent Industry Overview – Industry Automation Overview

        4.2. Ecosystem Analysis

        4.3. Pricing Analysis

        4.4. Technology Roadmap Analysis

        4.5. Industry SWOT Analysis

        4.6. Porter Five Forces Analysis

    5. Global Digital Substations Market Analysis, by Module

        5.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031

            5.1.1. Hardware

            5.1.2. Fiber Optic Communication Network

            5.1.3. SCADA

        5.2. Market Attractiveness Analysis, by Module

    6. Global Digital Substations Market Analysis, by Type

        6.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031

            6.1.1. Transmission Substations

            6.1.2. Distribution Substations

        6.2. Market Attractiveness Analysis, by Type

    7. Global Digital Substations Market Analysis, by Voltage

        7.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031

            7.1.1. Up to 220 kV

            7.1.2. 220-550 kV

            7.1.3. Above 500 kV

        7.2. Market Attractiveness Analysis, by Voltage

    8. Global Digital Substations Market Analysis, by End-use Industry

        8.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031

            8.1.1. Utility

            8.1.2. Metal

            8.1.3. Mining

            8.1.4. Oil & Gas

            8.1.5. Transportation

        8.2. Market Attractiveness Analysis, by End-use Industry

    9. Global Digital Substations Market Analysis and Forecast, by Region

        9.1. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Region, 2023–2031

            9.1.1. North America

            9.1.2. Europe

            9.1.3. Asia Pacific

            9.1.4. Middle East & Africa

            9.1.5. South America

        9.2. Market Attractiveness Analysis, by Region

    10. North America Digital Substations Market Analysis and Forecast

        10.1. Market Snapshot

        10.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031

            10.2.1. Hardware

            10.2.2. Fiber Optic Communication Network

            10.2.3. SCADA

        10.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031

            10.3.1. Transmission Substations

            10.3.2. Distribution Substations

        10.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031

            10.4.1. Up to 220 kV

            10.4.2. 220-550 kV

            10.4.3. Above 500 kV

        10.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            10.5.1. Utility

            10.5.2. Metal

            10.5.3. Mining

            10.5.4. Oil & Gas

            10.5.5. Transportation

        10.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country, 2023–2031

            10.6.1. U.S.

            10.6.2. Canada

            10.6.3. Rest of North America

        10.7. Market Attractiveness Analysis

            10.7.1. By Module

            10.7.2. By Type

            10.7.3. By Voltage

            10.7.4. By End-use Industry

            10.7.5. By Country/Sub-region

    11. Europe Digital Substations Market Analysis and Forecast

        11.1. Market Snapshot

        11.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031

            11.2.1. Hardware

            11.2.2. Fiber Optic Communication Network

            11.2.3. SCADA

        11.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031

            11.3.1. Transmission Substations

            11.3.2. Distribution Substations

        11.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031

            11.4.1. Up to 220 kV

            11.4.2. 220-550 kV

            11.4.3. Above 500 kV

        11.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            11.5.1. Utility

            11.5.2. Metal

            11.5.3. Mining

            11.5.4. Oil & Gas

            11.5.5. Transportation

        11.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2023–2031

            11.6.1. U.K.

            11.6.2. Germany

            11.6.3. France

            11.6.4. Rest of Europe

        11.7. Market Attractiveness Analysis

            11.7.1. By Module

            11.7.2. By Type

            11.7.3. By Voltage

            11.7.4. By End-use Industry

            11.7.5. By Country/Sub-region

    12. Asia Pacific Digital Substations Market Analysis and Forecast

        12.1. Market Snapshot

        12.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031

            12.2.1. Hardware

            12.2.2. Fiber Optic Communication Network

            12.2.3. SCADA

        12.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031

            12.3.1. Transmission Substations

            12.3.2. Distribution Substations

        12.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031

            12.4.1. Up to 220 kV

            12.4.2. 220-550 kV

            12.4.3. Above 500 kV

        12.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            12.5.1. Utility

            12.5.2. Metal

            12.5.3. Mining

            12.5.4. Oil & Gas

            12.5.5. Transportation

        12.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2023–2031

            12.6.1. China

            12.6.2. Japan

            12.6.3. India

            12.6.4. South Korea

            12.6.5. ASEAN

            12.6.6. Rest of Asia Pacific

        12.7. Market Attractiveness Analysis

            12.7.1. By Module

            12.7.2. By Type

            12.7.3. By Voltage

            12.7.4. By End-use Industry

            12.7.5. By Country/Sub-region

    13. Middle East & Africa Digital Substations Market Analysis and Forecast

        13.1. Market Snapshot

        13.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031

            13.2.1. Hardware

            13.2.2. Fiber Optic Communication Network

            13.2.3. SCADA

        13.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031

            13.3.1. Transmission Substations

            13.3.2. Distribution Substations

        13.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031

            13.4.1. Up to 220 kV

            13.4.2. 220-550 kV

            13.4.3. Above 500 kV

        13.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            13.5.1. Utility

            13.5.2. Metal

            13.5.3. Mining

            13.5.4. Oil & Gas

            13.5.5. Transportation

        13.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2023–2031

            13.6.1. GCC

            13.6.2. South Africa

            13.6.3. Rest of Middle East & Africa

        13.7. Market Attractiveness Analysis

            13.7.1. By Module

            13.7.2. By Type

            13.7.3. By Voltage

            13.7.4. By End-use Industry

            13.7.5. By Country/Sub-region

    14. South America Digital Substations Market Analysis and Forecast

        14.1. Market Snapshot

        14.2. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Module, 2023–2031

            14.2.1. Hardware

            14.2.2. Fiber Optic Communication Network

            14.2.3. SCADA

        14.3. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Type, 2023–2031

            14.3.1. Transmission Substations

            14.3.2. Distribution Substations

        14.4. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Voltage, 2023–2031

            14.4.1. Up to 220 kV

            14.4.2. 220-550 kV

            14.4.3. Above 500 kV

        14.5. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            14.5.1. Utility

            14.5.2. Metal

            14.5.3. Mining

            14.5.4. Oil & Gas

            14.5.5. Transportation

        14.6. Digital Substations Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2023–2031

            14.6.1. Brazil

            14.6.2. Rest of South America

        14.7. Market Attractiveness Analysis

            14.7.1. By Module

            14.7.2. By Type

            14.7.3. By Voltage

            14.7.4. By End-use Industry

            14.7.5. By Country/Sub-region

    15. Competition Assessment

        15.1. Global Digital Substations Market Competition Matrix - a Dashboard View

            15.1.1. Global Digital Substations Market Company Share Analysis, by Value (2022)

            15.1.2. Technological Differentiator

    16. Company Profiles (Global Manufacturers/Suppliers)

        16.1. ABB Ltd.

            16.1.1. Overview

            16.1.2. Product Portfolio

            16.1.3. Sales Footprint

            16.1.4. Key Subsidiaries or Distributors

            16.1.5. Strategy and Recent Developments

            16.1.6. Key Financials

        16.2. Siemens AG

            16.2.1. Overview

            16.2.2. Product Portfolio

            16.2.3. Sales Footprint

            16.2.4. Key Subsidiaries or Distributors

            16.2.5. Strategy and Recent Developments

            16.2.6. Key Financials

        16.3. Schneider Electric SE

            16.3.1. Overview

            16.3.2. Product Portfolio

            16.3.3. Sales Footprint

            16.3.4. Key Subsidiaries or Distributors

            16.3.5. Strategy and Recent Developments

            16.3.6. Key Financials

        16.4. Eaton Corporation Plc

            16.4.1. Overview

            16.4.2. Product Portfolio

            16.4.3. Sales Footprint

            16.4.4. Key Subsidiaries or Distributors

            16.4.5. Strategy and Recent Developments

            16.4.6. Key Financials

        16.5. Emerson Electric Co.

            16.5.1. Overview

            16.5.2. Product Portfolio

            16.5.3. Sales Footprint

            16.5.4. Key Subsidiaries or Distributors

            16.5.5. Strategy and Recent Developments

            16.5.6. Key Financials

        16.6. Honeywell International Inc.

            16.6.1. Overview

            16.6.2. Product Portfolio

            16.6.3. Sales Footprint

            16.6.4. Key Subsidiaries or Distributors

            16.6.5. Strategy and Recent Developments

            16.6.6. Key Financials

        16.7. Cisco Systems, Inc.

            16.7.1. Overview

            16.7.2. Product Portfolio

            16.7.3. Sales Footprint

            16.7.4. Key Subsidiaries or Distributors

            16.7.5. Strategy and Recent Developments

            16.7.6. Key Financials

        16.8. NR Electric Co. Ltd.

            16.8.1. Overview

            16.8.2. Product Portfolio

            16.8.3. Sales Footprint

            16.8.4. Key Subsidiaries or Distributors

            16.8.5. Strategy and Recent Developments

            16.8.6. Key Financials

        16.9. EFACEC

            16.9.1. Overview

            16.9.2. Product Portfolio

            16.9.3. Sales Footprint

            16.9.4. Key Subsidiaries or Distributors

            16.9.5. Strategy and Recent Developments

            16.9.6. Key Financials

        16.10. Schweitzer Engineering Laboratories, Inc.

            16.10.1. Overview

            16.10.2. Product Portfolio

            16.10.3. Sales Footprint

            16.10.4. Key Subsidiaries or Distributors

            16.10.5. Strategy and Recent Developments

            16.10.6. Key Financials

    17. Go to Market Strategy

        17.1. Identification of Potential Market Spaces

        17.2. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031

    Table 2: Global Digital Substations Market Forecast, by Module, 2023‒2031

    Table 3: Global Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031

    Table 4: Global Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031

    Table 5: Global Digital Substations Market Value (US$ Mn) Forecast, by Region, 2023‒2031

    Table 6: Global Digital Substations Market Forecast, by Region, 2023‒2031

    Table 7: North America Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031

    Table 8: North America Digital Substations Market Forecast, by Module, 2023‒2031

    Table 9: North America Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031

    Table 10: North America Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031

    Table 11: North America Digital Substations Market Value (US$ Mn) Forecast, by Country, 2023‒2031

    Table 12: North America Digital Substations Market Forecast, by Country, 2023‒2031

    Table 13: Europe Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031

    Table 14: Europe Digital Substations Market Forecast, by Module, 2023‒2031

    Table 15: Europe Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031

    Table 16: Europe Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031

    Table 17: Europe Digital Substations Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023‒2031

    Table 18: Europe Digital Substations Market Forecast, by Country and Sub-region, 2023‒2031

    Table 19: Asia Pacific Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031

    Table 20: Asia Pacific Digital Substations Market Forecast, by Module, 2023‒2031

    Table 21: Asia Pacific Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031

    Table 22: Asia Pacific Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031

    Table 23: Asia Pacific Digital Substations Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023‒2031

    Table 24: Asia Pacific Digital Substations Market Forecast, by Country and Sub-region, 2023‒2031

    Table 25: Middle East & Africa Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031

    Table 26: Middle East & Africa Digital Substations Market Forecast, by Module, 2023‒2031

    Table 27: Middle East & Africa Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031

    Table 28: Middle East & Africa Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031

    Table 29: Middle East & Africa Digital Substations Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023‒2031

    Table 30: Middle East & Africa Digital Substations Market Forecast, by Country and Sub-region, 2023‒2031

    Table 31: South America Digital Substations Market Value (US$ Mn) Forecast, by Module, 2023‒2031

    Table 32: South America Digital Substations Market Forecast, by Module, 2023‒2031

    Table 33: South America Digital Substations Market Value (US$ Mn) Forecast, by Type, 2023‒2031

    Table 34: South America Digital Substations Market Value (US$ Mn) Forecast, by Voltage, 2023‒2031

    Table 35: South America Digital Substations Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023‒2031

    Table 36: South America Digital Substations Market Forecast, by Country and Sub-region, 2023‒2031

    List of Figures

    Figure 01: Supply Chain Analysis - Global Digital Substations Market

    Figure 02: Porter Five Forces Analysis – Global Digital Substations Market

    Figure 03: Technology Road Map - Global Digital Substations Market

    Figure 04: Global Digital Substations Market, Value (US$ Mn), 2023-2031

    Figure 05: Global Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 06: Global Digital Substations Market Projections, by Module, Value (US$ Mn), 2023‒2031

    Figure 07: Global Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031

    Figure 08: Global Digital Substations Market Share Analysis, by Module, 2023 and 2031

    Figure 09: Global Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031

    Figure 10: Global Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031

    Figure 11: Global Digital Substations Market Share Analysis, by Type, 2023 and 2031

    Figure 12: Global Digital Substations Market Projections, by Voltage, Value (US$ Mn), 2023‒2031

    Figure 13: Global Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 14: Global Digital Substations Market Share Analysis, by Voltage, 2023 and 2031

    Figure 15: Global Digital Substations Market Projections, by Region, Value (US$ Mn), 2023‒2031

    Figure 16: Global Digital Substations Market, Incremental Opportunity, by Region, 2023‒2031

    Figure 17: Global Digital Substations Market Share Analysis, by Region, 2023 and 2031

    Figure 18: North America Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 19: North America Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 20: North America Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031

    Figure 21: North America Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031

    Figure 22: North America Digital Substations Market Share Analysis, by Module, 2023 and 2031

    Figure 23: North America Digital Substations Market Projections, by Type (US$ Mn), 2023‒2031

    Figure 24: North America Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031

    Figure 25: North America Digital Substations Market Share Analysis, by Type, 2023 and 2031

    Figure 26: North America Digital Substations Market Projections, by Voltage Value (US$ Mn), 2023‒2031

    Figure 27: North America Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 28: North America Digital Substations Market Share Analysis, by Voltage, 2023 and 2031

    Figure 29: North America Digital Substations Market Projections, by Country, Value (US$ Mn), 2023‒2031

    Figure 30: North America Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 31: North America Digital Substations Market Share Analysis, by Country, 2023 and 2031

    Figure 32: Europe Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 33: Europe Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 34: Europe Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031

    Figure 35: Europe Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031

    Figure 36: Europe Digital Substations Market Share Analysis, by Module, 2023 and 2031

    Figure 37: Europe Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031

    Figure 38: Europe Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031

    Figure 39: Europe Digital Substations Market Share Analysis, by Type, 2023 and 2031

    Figure 40: Europe Digital Substations Market Projections, by Voltage, Value (US$ Mn), 2023‒2031

    Figure 41: Europe Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 42: Europe Digital Substations Market Share Analysis, by Voltage, 2023 and 2031

    Figure 43: Europe Digital Substations Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031

    Figure 44: Europe Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 45: Europe Digital Substations Market Share Analysis, by Country and Sub-region 2023 and 2031

    Figure 46: Asia Pacific Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 47: Asia Pacific Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 48: Asia Pacific Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031

    Figure 49: Asia Pacific Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031

    Figure 50: Asia Pacific Digital Substations Market Share Analysis, by Module, 2023 and 2031

    Figure 51: Asia Pacific Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031

    Figure 52: Asia Pacific Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031

    Figure 53: Asia Pacific Digital Substations Market Share Analysis, by Type, 2023 and 2031

    Figure 54: Asia Pacific Digital Substations Market Projections, by Voltage, Value (US$ Mn), 2023‒2031

    Figure 55: Asia Pacific Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 56: Asia Pacific Digital Substations Market Share Analysis, by Voltage, 2023 and 2031

    Figure 57: Asia Pacific Digital Substations Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031

    Figure 58: Asia Pacific Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 59: Asia Pacific Digital Substations Market Share Analysis, by Country and Sub-region 2023 and 2031

    Figure 60: Middle East & Africa Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 61: Middle East & Africa Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 62: Middle East & Africa Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031

    Figure 63: Middle East & Africa Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031

    Figure 64: Middle East & Africa Digital Substations Market Share Analysis, by Module, 2023 and 2031

    Figure 65: Middle East & Africa Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031

    Figure 66: Middle East & Africa Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031

    Figure 67: Middle East & Africa Digital Substations Market Share Analysis, by Type, 2023 and 2031

    Figure 68: Middle East & Africa Digital Substations Market Projections, by Voltage Value (US$ Mn), 2023‒2031

    Figure 69: Middle East & Africa Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 70: Middle East & Africa Digital Substations Market Share Analysis, by Voltage, 2023 and 2031

    Figure 71: Middle East & Africa Digital Substations Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031

    Figure 72: Middle East & Africa Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 73: Middle East & Africa Digital Substations Market Share Analysis, by Country and Sub-region 2023 and 2031

    Figure 74: South America Digital Substations Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 75: South America Digital Substations Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 76: South America Digital Substations Market Projections, by Module Value (US$ Mn), 2023‒2031

    Figure 77: South America Digital Substations Market, Incremental Opportunity, by Module, 2023‒2031

    Figure 78: South America Digital Substations Market Share Analysis, by Module, 2023 and 2031

    Figure 79: South America Digital Substations Market Projections, by Type, Value (US$ Mn), 2023‒2031

    Figure 80: South America Digital Substations Market, Incremental Opportunity, by Type, 2023‒2031

    Figure 81: South America Digital Substations Market Share Analysis, by Type, 2023 and 2031

    Figure 82: South America Digital Substations Market Projections, by Voltage Value (US$ Mn), 2023‒2031

    Figure 83: South America Digital Substations Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 84: South America Digital Substations Market Share Analysis, by Voltage, 2023 and 2031

    Figure 85: South America Digital Substations Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031

    Figure 86: South America Digital Substations Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 87: South America Digital Substations Market Share Analysis, by Country and Sub-region 2023 and 2031

    Figure 88: Global Digital Substations Market Competition

    Figure 89: Global Digital Substations Market Company Share Analysis

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