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[ 英語タイトル ] Digital Substation Market by Module (Hardware, Fiber Optic Communication Network, and SCADA), Type (Transmission and Distribution Substation), Voltage (Up to 220 kV, 220–550 kV, and above 550 kV), Industry, and Region - Global Forecast to 2023


Product Code : MNMSE00108963
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Semiconductor and Electronics
Study Area : Global
Report format : PDF
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[Report Description]

“The growing demand for flexible substation solutions and low-cost devices is driving the adoption of digital substations in various industries”
The digital substation market is expected to grow from USD 6.32 billion in 2017 and is expected to reach USD 9.96 billion by 2023, at a CAGR of 7.87% between 2017 and 2023. A digital substation enables an electric utility to monitor and control the transmission and distribution of components installed in the substation remotely. These substations use modernized technologies such as dedicated software, and efficient two-way communication to control power system devices. The major restraining factor for the digital substation market is the high initial investment for setting up the digital substation.
“The digital substation market for 220 kV to 550 kV is expected to hold the largest share during the forecast period”
The voltage segment in the 220–550 kV range is estimated to hold the largest share, growing at the highest CAGR between 2017 and 2023. The digital substation market for 220–550 kV is expected to grow at the highest CAGR due to its increasing demand from the power utility sector as well as large industrial customers. Several companies such as Larsen & Toubro (India) are awarded a power and distribution contract to build a 220 kV substation in the Middle East for the utility application.
“Digital substation market in Asia Pacific expected to grow at the highest CAGR between 2017 and 2023”
Asia Pacific (APAC) is one of the prospective markets for digital substations. The digital substation market in APAC is expected to grow at the highest CAGR between 2017 and 2023. The growth can be attributed to the initiatives taken by the Government of India to improve its power and energy sector, and the plans to build renewables with an energy capacity of 175 GW by 2023.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key experts. The breakup of the profiles of primary participants is as follows:
• By Company Type: Tier 1 – 14%, Tier 2 – 29%, and Tier 3 – 57%
• By Designation: C-Level Executives – 43%, Directors – 28%, and Others – 29%
• By Region: North America – 46%, Europe – 31%, APAC – 15%, and RoW – 8%
The key players operating in this market include ABB Group (Switzerland), Siemens (Germany), General Electric (US), Cisco Systems (US), Schneider Electric (France), Honeywell International (US), Emerson Electric (US), Larsen & Toubro (India), Eaton Corporation (Ireland), and NR Electric (China).
Research Coverage
This report covers the digital substation market based on module, voltage, type, industry, and region. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the digital substation market.
Key Benefits of Buying the Report
The report would help market leaders or new entrants in the following ways:
1. This report segments the overall market comprehensively and provides the closest approximations of the global digital substation market size and that of the subsegments across different applications and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key drivers, restraints, challenges, and opportunities in the digital substation market.
3. This report would help stakeholders to understand their competitors better and gain insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem, product developments, partnerships, and mergers and acquisitions in the digital substation market.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 STUDY OBJECTIVES 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 GEOGRAPHIC SCOPE 15
1.3.3 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries interviews 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 31
4.1 DIGITAL SUBSTATION: MARKET OVERVIEW 31
4.2 TRANSMISSION DIGITAL SUBSTATION MARKET, BY REGION 31
4.3 DIGITAL SUBSTATION MARKET IN APAC, BY INDUSTRY AND COUNTRY 32
4.4 DIGITAL SUBSTATION MARKET, BY COUNTRY 33
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 34
5.2 MARKET DYNAMICS 34
5.2.1 DRIVERS 35
5.2.1.1 Increasing infrastructure development in smart cities 35
5.2.1.2 Rise in power demand with limited space availability 35
5.2.1.3 Increasing demand for replacing traditional substation infrastructure 35
5.2.1.4 Improved safety and reduced maintenance costs 36
5.2.2 RESTRAINTS 37
5.2.2.1 High initial investment 37
5.2.3 OPPORTUNITIES 37
5.2.3.1 Growing demand for renewable energy projects in the market 37
5.2.3.2 Increasing demand for battery technology to generate electricity in APAC 38
5.2.4 CHALLENGES 39
5.2.4.1 Controlling cybersecurity risks 39
6 INDUSTRY TRENDS 40
6.1 INTRODUCTION 40
6.2 VALUE CHAIN ANALYSIS 40
6.2.1 RESEARCH, DESIGN, AND DEVELOPMENT 40
6.2.2 MANUFACTURING 41
6.2.3 TRANSMISSION 41
6.2.4 DISTRIBUTION 41
6.2.5 POST-SALES SERVICES 41
6.3 KEY TRENDS 41
7 TECHNOLOGICAL OVERVIEW 42
7.1 INTRODUCTION 42
7.2 DIGITAL SUBSTATION ARCHITECTURE 42
7.2.1 PROCESS LEVEL 43
7.2.2 PROTECTION AND CONTROL LEVEL 43
7.2.3 STATION CONTROL AREA 43
7.3 CONVENTIONAL VS DIGITAL SUBSTATION 44
7.4 NON-CONVENTIONAL INSTRUMENT TRANSFORMER (NCIT) 45
7.4.1 VOLTAGE INSTRUMENT TRANSFORMER 45
7.4.2 CURRENT INSTRUMENT TRANSFORMER 45
7.5 OVERVIEW OF INTERNATIONAL STANDARD COMMUNICATION PROTOCOLS 45
7.5.1 IEC 61850 46
7.5.2 IEC 61850-8-1 46
7.5.3 IEC 61850-9-2 46
8 DIGITAL SUBSTATION MARKET, BY MODULE 47
8.1 INTRODUCTION 48
8.2 HARDWARE 49
8.2.1 TRANSFORMERS 50
8.2.2 BUSBARS 50
8.2.3 PROTECTION DEVICES 50
8.2.3.1 Circuit breakers 50
8.2.3.2 Protective relays 50
8.2.3.3 Switchgears 50
8.2.4 INTERFACING UNITS 51
8.2.4.1 Human–Machine Interfaces 51
8.2.4.2 Remote Terminal Units 51
8.2.4.3 Programmable Logic Controllers 51
8.2.5 OTHERS 51
8.3 FIBER OPTIC COMMUNICATION NETWORK 52
8.4 SCADA SYSTEMS 52
9 DIGITAL SUBSTATION MARKET, BY TYPE 53
9.1 INTRODUCTION 54
9.2 TRANSMISSION SUBSTATION 55
9.3 DISTRIBUTION SUBSTATION 56
10 DIGITAL SUBSTATION MARKET, BY VOLTAGE 57
10.1 INTRODUCTION 58
10.2 UP TO 220 KV 59
10.3 220–550 KV 59
10.4 ABOVE 550 KV 59
11 DIGITAL SUBSTATION MARKET, BY INDUSTRY 60
11.1 INTRODUCTION 61
11.2 UTILITY 62
11.2.1 NON-RENEWABLES 63
11.2.2 RENEWABLES 63
11.3 METAL 64
11.4 MINING 65
11.5 OIL & GAS 66
11.6 TRANSPORTATION 66
12 GEOGRAPHIC ANALYSIS 68
12.1 INTRODUCTION 69
12.2 NORTH AMERICA 73
12.2.1 US 76
12.2.1.1 Increasing investments by energy companies to modernize grid system 76
12.2.2 CANADA 77
12.2.2.1 Focus on electric grid security and resilience energy 77

12.3 EUROPE 79
12.3.1 UK 83
12.3.1.1 FITNESS project is expected to increase digital substation demand 83
12.3.2 GERMANY 84
12.3.2.1 Installation of digital substation in railways expected to drive growth of market 84
12.3.3 FRANCE 85
12.3.3.1 Focus on renewable energy is likely to increase demand for digital substation 85
12.4 ASIA PACIFIC 87
12.4.1 CHINA 91
12.4.1.1 Increased number of installations of digital substations in China 91
12.4.2 INDIA 92
12.4.2.1 Increased government investments for infrastructure projects to increase the power generation capacity in India 92
12.4.3 JAPAN 93
12.4.3.1 Focus on rebuilding power grids and substations to reduce costs 93
12.5 REST OF THE WORLD 95
12.5.1 MIDDLE EAST 97
12.5.1.1 Installation of digital substations in the region is expected to increase in the long run 97
12.5.2 AFRICA 98
12.5.2.1 Upgrading power facilities to meet rising demand for electricity 98
12.5.3 SOUTH AMERICA 99
12.5.3.1 Increased awareness of digital substation among industries 99
13 COMPETITIVE LANDSCAPE 101
13.1 INTRODUCTION 101
13.2 MARKET RANKING ANALYSIS, 2016 102
13.3 COMPETITIVE SITUATION AND TREND 103
13.3.1 BATTLE FOR MARKET SHARE: CONTRACTS AND AGREEMENTS ARE KEY STRATEGIES ADOPTED BETWEEN 2015 AND 2017 104

14 COMPANY PROFILES 105
(Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View)*
14.1 KEY PLAYERS 105
14.1.1 ABB 105
14.1.2 SIEMENS 110
14.1.3 GENERAL ELECTRIC 114
14.1.4 SCHNEIDER ELECTRIC 118
14.1.5 HONEYWELL 122
14.1.6 CISCO 127
14.1.7 EATON 130
14.1.8 EMERSON 134
14.1.9 NR ELECTRIC 138
14.1.10 LARSEN & TOUBRO 141
14.2 STARTUP ECOSYSTEMS 145
14.2.1 TEKVEL 145
14.2.2 IGRID T&D 145
14.2.3 YAMAL LNG 145
14.2.4 CADILLAC AUTOMATION AND CONTROLS 146
14.2.5 I-TOR 146
*Details on Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
15 APPENDIX 147
15.1 INSIGHTS OF INDUSTRY EXPERTS 147
15.2 DISCUSSION GUIDE 148
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 151
15.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 153
15.5 AVAILABLE CUSTOMIZATIONS 155
15.6 RELATED REPORTS 155
15.7 AUTHOR DETAILS 156

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