© 2016 Global Market Insights, Inc. USA. All Rights Reserved Digital Substation Market 2024: Opportunity and Demand Analysis, : Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Asia Pacific digital substation market is expected to grow at a high rate owing to the expanding power distribution networks in countries including India, Singapore, Indonesia, Malaysia, and Taiwan. The region has witnessed a rise in the electricity consumption owing to the large consumer base and fast industrialization. Moreover, increasing government initiatives to enhance the legacy infrastructure and ongoing projects, such as building renewable energy sources of high voltage capacity, are supporting the regional digital substation market growth. For instance, in August 2016, Singapore Power (SP), a private entity of the gas & electricity division of the Singapore Public Utilities Board and General Electric (GE) announced a strategic collaboration with an aim to implement digital substation in the existing infrastructure as a part of SP Centre of Excellence’s SPEAR (Singapore Power Advanced Research & Development) program. Regional Analysis of Digital Substation Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Based on the end-use industry, the digital substation market is classified into metal, mining, utility, transportation, and oil & gas sectors. The utility sector accounted for the majority of the market share owing to the rise in demand for renewable energy sources such as hydro, wind, and solar to meet the end-use demand for power generation. The digital substations are being implemented to a high extent in the utility sector owing to their high usage in distributing and transmitting power. The sector has witnessed a high demand & supply gap in the majority of the developed and developing economies. The industry is witnessing a rise in the number of project launches, such as solar projects in the Middle East and Asia Pacific countries, driving the utility digital substation market growth.  Based on the voltage, the digital substation market is segmented into systems with up to 220 kV, 220 to 550 kV, and above 550 kV energy. Several industries are implementing are up to 550kV. These systems are mostly used in space-restricted areas such as urban and industrial areas. The 220kV to 550kV digital substation market is anticipated to show a high growth rate owing to growing investments by key players in the utility sector, mainly in the transmission infrastructure. For instance, in April 2017, Larsen & Toubro Limited announced that the company acquired a power transmission and distribution contract worth USD 817 million from the Government of Qatar to build 30 new substations of varying voltage levels across Qatar. Application Analysis of Digital Substation Market :

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Some key players operating in digital substation market include Emerson Electric, Cisco Systems Inc., Larsen & Toubro, ABB Ltd., NR Electric Co., Ltd., Siemens AG, Eaton Corporation, General Electric, Honeywell International, Inc., and Schneider Electric, among others. The industry is witnessing a rise in strategic partnerships, agreements, new product developments, and acquisitions. For instance, ABB Ltd., a major player in the digital substation market is focusing on new product development to maintain a leading position and share in the global competitive landscape. The company has successfully provided power transmission infrastructure for the onshore as well as offshore transmission substations. The company also efficiently integrated into Rampion offshore wind farm and extended the existing substation, which received the wind power. Competitive Market Share of Digital Substation Market:

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