Digital substation market to reach $12.97 B by 2027
The global digital substation market was valued at $7.34 B in 2019 and is projected to reach $12.97 B by 2027, growing at a CAGR of 7.95 % from 2020 to 2027.
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The global digital substation market was valued at $7.34 B in 2019 and is projected to reach $12.97 B by 2027, growing at a CAGR of 7.95 % from 2020 to 2027.
The report, issued by Verified Market Research, highlights the essential features of the business sphere of the digital substation industry. It covers development trends, factors driving the growth of the market, and segments influencing the growth of the market. It covers the product types, applications, types, deployments, and developments happening in the market.
The report provides an in-depth analysis of the market involving key elements, revenue estimations, cost analysis, import/export, production, and consumption trends, CAGR, gross margin, and supply & demand patterns. The report further gives an idea about the development factors and advancement patterns of the Digital Substation industry.
The key players in this market include: General Electric, Siemens, Schneider Electric, Honeywell, Hitachi ABB, Larsen & Toubro, Emerson, Cisco Systems, Eaton, NR Electric, Cadillac Automation and Controls, I-Tor, Yamal LNG, Tekvel, and Igrid T&D.
The regions covered in the report are: North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa.
Source: Scientect