Global digital substation market to reach $2.5 B by 2026
The global digital substation market, valued at $1.7 B in 2020, is expected to reach $2.5 B by the end of 2026, growing at a CAGR of 5.7 % during 2021-2026.
Image for illustration purposes
According to a New Research Analysis, the global digital substation market, valued at $1.7 B in 2020, is expected to reach $2.5 B by the end of 2026, growing at a CAGR of 5.7 % during 2021-2026.
The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next five years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the digital substation market.
The regions covered in this report are North America, Europe, Asia Pacific, South America, Middle East and Africa.
The key players in this market are: ABB, General Electric, Siemens, Schneider Electric.
Source: Cole of Duty