The North America digital substation market is expected to project a CAGR of 5.74% during the forecast period. The increasing applications of the digital substation in mining, metal sector, oil & gas, transportation, is the primary driver of market growth. The North America digital substation market is analyzed based on the market regions of the United States and Canada. The benefits of digital substations have resulted in increased demands, especially for renewable energy projects. The North American share of energy generation is estimated to increase, along with agreements being signed between countries, such as Mexico, Canada, and the United States.

NORTH AMERICA DIGITAL SUBSTATION MARKET FORECAST 2019-2027

North America Digital Substation Market by Module (Hardware (Transformers, Busbars) Protection Devices (Circuit Breakers, Protective Relay, Switchgear) Interfacing Units (Human–machine Interfaces, Remote Terminal Units, Programmable Logic Controllers) Fiber Optic Communication Network, Scada Systems) by Type (Transmission Substation, Distribution Substation) by Voltage (Up to 220 Kv, 220-550 Kv, Above 550 Kv) by Industry (Utility (Non-renewables, Renewables) Metal, Mining, Oil & Gas, Transportation) & by Geography

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The North America digital substation market is expected to project a CAGR of 5.74% during the forecast period. The increasing applications of the digital substation in mining, metal sector, oil & gas, transportation, is the primary driver of market growth.

The North America digital substation market is analyzed based on the market regions of the United States and Canada. The benefits of digital substations have resulted in increased demands, especially for renewable energy projects. The North American share of energy generation is estimated to increase, along with agreements being signed between countries, such as Mexico, Canada, and the United States. As a result, various departments in the United States have granted loans in order to improve power energy efficiency. The Canada region, too, witnessed investments from various ministries for the purpose of smart grid development. The Canadian government is also planning investments in order to sustain the existent power capacity, along with replacing non-hydro assets.

The strategic agreements between the countries, ministries, and companies, have augmented market growth and benefited the revenue aspect of the market. Emerson is one of the important companies in the North America Digital Substation market. Emerson is a global supplier of products and services for many commercial, industrial, and residential segments. The company’s automation solutions aid the manufacturers in optimizing the manufacturing process, by delivering solutions. The company primarily functions in the areas, such as aftermarket, energy utility, distribution centers, food retail, mixed retail, etc. The company was founded in 1890, and has its headquarters in St. Louis, the United States.

 

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    1. RESEARCH SCOPE
      • STUDY GOALS
      • SCOPE OF THE MARKET STUDY
      • WHO WILL FIND THIS REPORT USEFUL?
      • STUDY AND FORECASTING YEARS
    2. RESEARCH METHODOLOGY
      • SOURCES OF DATA
        • SECONDARY DATA
        • PRIMARY DATA
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
      • DATA TRIANGULATION
    3. EXECUTIVE SUMMARY
      • MARKET SUMMARY
      • KEY FINDINGS
        • HARDWARE IS THE MAJORLY USED MODULE FOR DIGITAL SUBSTATION
        • TRANSMISSION SUBSTATION IS THE LARGEST TYPE OF DIGITAL SUBSTATION
        • 220–550 kV VOLTAGE DIGITAL SUBSTATIONS ARE THE FASTEST-GROWING AMONG OTHER VOLTAGE SEGMENTS
        • TRANSPORTATION IS RAPIDLY ADOPTING DIGITAL SUBSTATION
    1. MARKET DYNAMICS
      • MARKET DEFINITION & SCOPE
      • MARKET DRIVERS
        • RISE IN POWER DEMAND WITH LIMITED SPACE AVAILABILITY
        • INCREASING INFRASTRUCTURE DEVELOPMENT IN SMART CITIES
        • IMPROVED SAFETY AND REDUCED MAINTENANCE COSTS
        • RISING DEMAND FOR REPLACING TRADITIONAL SUBSTATION INFRASTRUCTURE
      • MARKET RESTRAINTS
        • HIGH INITIAL INVESTMENT
      • MARKET OPPORTUNITIES
        • GROWING DEMAND FOR RENEWABLE ENERGY PROJECTS
        • RISING DEMAND FOR BATTERY TECHNOLOGY
        • TECHNOLOGICAL ADVANCEMENTS IN DIGITAL SUBSTATIONS
      • MARKET CHALLENGES
        • CONTROLLING CYBERSECURITY RISKS
    1. MARKET BY MODULE
      • HARDWARE
        • TRANSFORMERS
        • BUSBARS
        • PROTECTION DEVICES
          • CIRCUIT BREAKERS
          • PROTECTIVE RELAY
          • SWITCHGEAR
        • INTERFACING UNITS
          • HUMAN–MACHINE INTERFACES
          • REMOTE TERMINAL UNITS
          • PROGRAMMABLE LOGIC CONTROLLERS
        • FIBER OPTIC COMMUNICATION NETWORK
        • SCADA SYSTEMS
    1. MARKET BY TYPE
      • TRANSMISSION SUBSTATION
      • DISTRIBUTION SUBSTATION
    2. MARKET BY VOLTAGE
      • UP TO 220 KV
      • 220-550 KV
      • ABOVE 550 KV
    3. MARKET BY INDUSTRY
      • UTILITY
        • NON-RENEWABLES
        • RENEWABLES
      • METAL
      • MINING
      • OIL & GAS
      • TRANSPORTATION
    4. KEY ANALYTICS
      • PORTER’S FIVE FORCE MODEL
        • THREAT OF NEW ENTRANTS
        • THREAT OF SUBSTITUTE
        • BARGAINING POWER OF SUPPLIERS
        • BARGAINING POWER OF BUYERS
        • INTENSITY OF COMPETITIVE RIVALRY
      • KEY BUYING CRITERIA
      • VALUE CHAIN ANALYSIS
      • REGULATORY FRAMEWORK
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    5. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • UNITED STATES
        • CANADA
    1. COMPETITIVE LANDSCAPE
      • COMPANY PROFILES
        • ABB Group
        • CISCO
        • EATON CORPORATION
        • EMERSON ELECTRIC
        • FUJI ELECTRIC
        • GENERAL ELECTRIC COMPANY
        • HONEYWELL INTERNATIONAL INC
        • LARSEN & TOUBRO
        • IGRID T&D (ACQUIRED BY THYTRONIC GROUP)
        • SCHNEIDER ELECTRIC
        • SIEMENS AG
        • NR ELECTRIC CO., LTD.
        • I-TOR
        • S&C ELECTRIC COMPANY
        • TEKVEL

    LIST OF TABLES

    TABLE 1: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

    TABLE 2: REGION-WISE POWER CONSUMPTION (IN TERAWATT-HOURS)

    TABLE 3: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY MODULE, 2019-2027 (IN $ MILLION)

    TABLE 4: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

    TABLE 5: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY VOLTAGE, 2019-2027 (IN $ MILLION)

    TABLE 6: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY INDUSTRY, 2019-2027 (IN $ MILLION)

    TABLE 7: OPPORTUNITY MATRIX

    TABLE 8: VENDOR LANDSCAPE

    TABLE 9: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

    LIST OF FIGURES

    FIGURE 1: NORTH AMERICA DIGITAL SUBSTATION MARKET SHARE, BY INDUSTRY, 2018 & 2027 (%)

    FIGURE 2: NORTH AMERICA HARDWARE MARKET, 2019 – 2027 (IN $ MILLION)

    FIGURE 3: NORTH AMERICA TRANSMISSION SUBSTATION MARKET, 2019 – 2027 (IN $ MILLION)

    FIGURE 4: NORTH AMERICA 220–550 KV VOLTAGE DIGITAL SUBSTATIONS MARKET, 2019 – 2027 (IN $ MILLION)

    FIGURE 5: NORTH AMERICA TRANSPORTATION MARKET, 2019 – 2027 (IN $ MILLION)

    FIGURE 6: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

    FIGURE 7: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY TRANSFORMERS, 2019-2027 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY BUSBAR, 2019-2027 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY PROTECTION DEVICES, 2019-2027 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY CIRCUIT BREAKERS, 2019-2027 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY PROTECTIVE RELAY, 2019-2027 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY SWITCHGEARS, 2019-2027 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY INTERFACING UNITS, 2019-2027 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY HUMAN–MACHINE INTERFACES, 2019-2027 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY REMOTE TERMINAL UNITS, 2019-2027 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY PROGRAMMABLE LOGIC CONTROLLERS, 2019-2027 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY FIBER OPTIC COMMUNICATION NETWORK, 2019-2027 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA DIGITAL SUBSTATION HARDWARE MARKET, BY SCADA SYSTEMS, 2019-2027 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY TRANSMISSION SUBSTATION, 2019-2027 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY DISTRIBUTION SUBSTATION, 2019-2027 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY UP TO 220 KV, 2019-2027 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY 220–550 KV DIGITAL SUBSTATION, 2019-2027 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY ABOVE 550 KV DIGITAL SUBSTATION, 2019-2027 (IN $ MILLION)

    FIGURE 24: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY UTILITY, 2019-2027 (IN $ MILLION)

    FIGURE 25: NORTH AMERICA DIGITAL SUBSTATION UTILITY MARKET, BY NON-RENEWABLES, 2019-2027 (IN $ MILLION)

    FIGURE 26: NORTH AMERICA DIGITAL SUBSTATION UTILITY MARKET, BY RENEWABLES, 2019-2027 (IN $ MILLION)

    FIGURE 27: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY METAL, 2019-2027 (IN $ MILLION)

    FIGURE 28: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY MINING, 2019-2027 (IN $ MILLION)

    FIGURE 29: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY OIL & GAS, 2019-2027 (IN $ MILLION)

    FIGURE 30: NORTH AMERICA DIGITAL SUBSTATION MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)

    FIGURE 31: PORTER’S FIVE FORCE MODEL

    FIGURE 32: NORTH AMERICA DIGITAL SUBSTATION MARKET, COUNTRY OUTLOOK, 2018 & 2027 (%)

    FIGURE 33: UNITED STATES DIGITAL SUBSTATION MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 34: CANADA DIGITAL SUBSTATION MARKET, 2019-2027 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • UNITED STATES
        • CANADA
    1. MARKET BY MODULE
      • HARDWARE
        • TRANSFORMERS
        • BUSBARS
        • PROTECTION DEVICES
          • CIRCUIT BREAKERS
          • PROTECTIVE RELAY
          • SWITCHGEAR
        • INTERFACING UNITS
          • HUMAN–MACHINE INTERFACES
          • REMOTE TERMINAL UNITS
          • PROGRAMMABLE LOGIC CONTROLLERS
        • FIBER OPTIC COMMUNICATION NETWORK
        • SCADA SYSTEMS
    1. MARKET BY TYPE
      • TRANSMISSION SUBSTATION
      • DISTRIBUTION SUBSTATION
    2. MARKET BY VOLTAGE
      • UP TO 220 KV
      • 220-550 KV
      • ABOVE 550 KV
    3. MARKET BY INDUSTRY
      • UTILITY
        • NON-RENEWABLES
        • RENEWABLES
      • METAL
      • MINING
      • OIL & GAS
      • TRANSPORTATION

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