Digital Substation Market Expected To Grow At A CAGR Of 7.8% Through 2027 – The Manomet Current


The digital workstation market is expected to reach USD 10.3 billion by 2027, compared to USD 6.1 billion in 2020; it is expected to grow at a CAGR of 7.8% during the forecast period. The global digital telephone market has witnessed phenomenal growth in recent years and is expected to experience the same growth during the forecast period. Industrial development across the world has increased digitization in many sectors. Innovation in the digitalization market is not only related to the invention of new products, but also to upgrades of available products and technologies. One such innovation is digital substations. Substations are part of the production, distribution and transmission systems of electricity. They transform current from high voltage to low voltage and vice versa with the help of transformers. Digital substations include the introduction of intelligence into substation systems. The transformation of electricity production from a wired network to an optical network is the reason for the evolution of digital substations. In addition, it is a stable supply system for power generation.

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Digital substations are governed by the IEC 61850 code of the International Electrotechnical Commission (IEC). Bay level, process level and station level are the three main functional levels of digital substations. The signals are transmitted from the process workstation. System protection and control processes are carried out in the workstation at bay level. At station level, engineering and reporting activities are carried out. Optical coherence tomography (OCT) is used to build digital stations, and requires much less space compared to analog stations. Digital substations improve the accuracy of measurements and the recording of the information generated.

With the installation of digital substations, the cost of materials can be significantly reduced as less cables and less space are required. The maintenance of digital stations is easier than that of traditional stations thanks to the integrated standardized interface. The integration of advanced technologies and innovative practices such as the use of Ethernet in digital stations has increased the security system of digital stations.

Technological advancements in the transmission infrastructure segment are expected to play a vital role in the efficient upgrade and expansion of the network. This should help meet the government’s goal of 24/7 power supply, maintain a congestion-free transportation network, and ensure grid stability. Due to this technological advancement, the initial cost required for setting up a digital substation is high. This is due to the increase in the number of intelligent electronic devices (IEDs) used in substations, which increases the cost of purchasing substations. The increasing use of technologies such as microprocessor and service-oriented architecture (SOA) technologies, as well as the increase in the number of on-board IEDs in substations, have increased the costs of purchasing these substations. stations.

The main players in the global digital substation market are ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric Company (United States), Schneider Electric (France), Honeywell International Inc. (United States), Cisco Systems, Inc. (United States), Eaton Corporation plc ( Ireland), Emerson Electric Co. (United States), NR Electric Co., Ltd. (China) and Larsen & Toubro (India)

Analyst Commentary

The growth of digital substation market can be attributed to the increasing development of infrastructure in smart cities, increasing demand for electricity with limited available space, increasing demand for replacement of substation infrastructure traditional methods and increased interoperability and security. The increasing demand for renewable energy projects and battery technology to generate electricity creates many growth opportunities in the market.

Transmission substations integrate transmission lines with networks having multiple parallel interconnections so that this power can be easily transmitted over long distances from any generator to any consumer. These transportation networks are often referred to as mass electrical networks. Transmission substations connect two or more transmission lines with the same voltages. These substations contain high voltage switches that allow lines to be connected or isolated in the event of a fault or maintenance activity on the transmission lines.

Based on industry, the utility industry is responsible for the generation, transmission and distribution of electricity. Electric utilities include cooperatives owned by investors, state-owned companies and nationalized entities, which are the main suppliers of electricity in most countries of the world. Utilities cover the largest segment of the digital substation market. Digital substations are used for the transmission and distribution of electricity. High voltages are required for several processes such as metal bending and heating, as well as mining and processing, in industries such as metals, mining, oil and gas, and transportation. Digital substations are also used as distribution substations, which helps reduce incoming high voltage from long distances to lower voltage for distribution. However, the digital telephone distribution market is still limited.


The digital substation market is segmented on the basis of type, voltage, industry and region. On the basis of type, the market is categorized into Transmission Substation, Distribution Substation. On the basis of voltage, the market is segmented into up to 220kV, 220-500kV, above 500kV. On the basis of industry, the market is categorized into utilities, heavy industries, and transportation.

Regional analysis

North America is expected to hold higher market share for digital substation during the forecast period. The growth is mainly due to the increased adoption of digital substations with the presence of well-established players in the region, especially in the United States and Canada. Asia-Pacific, home to many well-established digital substation market players, is expected to become the region with the highest CAGR. Additionally, Asia-Pacific is experiencing high adoption of digital substations due to the increasing demand for energy to support local manufacturing units.

Asia-Pacific (APAC) is expected to be the fastest growing market for digital substations, in terms of electricity consumption and rural electrification. The modernization of industrial infrastructure in ICCA has been developing at a high rate in recent years, and the same trend is expected to continue in the future. The digital substation market in this region is expected to grow at the highest rate of any other region due to rapid industrialization, modernization of network infrastructure and entry of many private companies into the electricity sector, increased government spending to stimulate the utility sector, and a growing number of electric utilities. Digital substations provide cost effective solutions that help meet the growing demand for electricity in countries like China, India and Singapore.

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