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Digital Substation Market Competitive Landscape, And Segment Forecasts, 2018-2023

by Miller@21 · December 4, 2018

The Digital Substation Market is expected to grow from USD 5.77 Billion in 2016 to USD 9.96 Billion by 2023, at a CAGR of 7.87% between 2017 and 2023. This report provides the market size and future growth potential of the digital substation market across different segments such as module, type, voltage, industry, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges in the digital substation market. Moreover, this report profiles the key players operating in the digital substation market. The increasing focus on renewable energy sources for generating electricity is expected to propel the growth of the digital substation market. The base year considered for the study is 2016, and the market size forecast is provided for the period between 2017 and 2023.



The research methodology used to estimate and forecast the digital substation market begins with capturing data on key vendor revenues through secondary research. The vendor offerings have also been taken into consideration to determine the market segmentation. The top-down procedure has been employed to arrive at the overall market size of the global digital substation market from the average number of projects worldwide and average investments made for installation of digital substations in USD. After arriving at the overall market size, the total market has been split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

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Hardware module expected to lead the digital substation market

The hardware module is expected to hold the largest share of the market between 2017 and 2023. The hardware module includes components such as transformers, bus bars, protection devices, and interfacing units. Transformers . Cheap Nike Shoes China Wholesale Jordan Shoes China Wholesale Air Max 2019 Wholesale Vapormax Cheap Wholesale Nike Shox Shoes Cheap Authentic Air Jordans Wholesale Nike Shoes Cheap Cheap Air Max From China Wholesale Air Max Online Wholesale Kids Air Max