Digital Substation Market Growth 2019-2024 Published On : 12 March 2019
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Report Studies 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. 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. According to this study, over the next five years the Digital Substation market will register a 5.7% CAGR in terms of revenue, the global market size will reach US$ 2090 million by 2024, from US$ 1500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Digital Substation business, shared in Chapter 3.
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By Manufacturers • ABB • General Electric • Siemens • Schneider Electric
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APPLICATION • Power Utility • Industrial • Other
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By Application, the market can be split into
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Power Utility Industrial
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Other
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