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North America Digital Substation Market Size By Component (Substation Automation System, Communication Network, Electrical System, Monitoring & Control System), By Architecture (Process, Bay, Station), By Application (Transmission, Distribution), By Connectivity (< 33 kV, 33 kV to 110 kV, 110 kV to 220 kV, 220 kV to 550 kV, > 550 kV), By Voltage Level (Low, Medium, High), By End Use (Utility, Industrial), By Installation (New, Refurbished), Industry Analysis Report, Country Outlook (U.S., Canada, Mexico), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: September 2020 | Publisher: Graphical Research Report ID: GR1417 | Delivery : PDF

North America Digital Substation Market value  projected to witness growth on account of rising infrastructural development along with increasing power demand. Paradigm shift toward the adoption of renewable electricity networks coupled with digitalization of power utilities will boost the business growth. In addition, increasing investments toward the replacement of conventional substations with energy efficient electric systems will stimulate the product adoption.

Increasing demand for reliable & safe electric infrastructure across commercial and residential establishments will positively impact the digital substation market across North America. Shifting focus of utility toward adoption of advanced substation with an aim to ensure uninterrupted power supply will fuel the technological adoption. Grid stability and security of supply concerns has driven new investments in transmission & distribution sector which in turn will stimulate the business outlook.

Regulatory schemes including feed in tariffs, net-metering, and similar incentivization will drive the process based digital substation market. Introduction of decentralized micro-grid infrastructure has enhanced the demand for technologically effective circuitry components which will further strengthen the business growth. Incorporation of advanced human machine interface and high-quality power systems is set to drive the industry potential.

220 kV to 550 kV voltage substation industry is anticipated to grow on account of expansion of long-route high voltage power networks along with refurbishment and expansion of ageing grid infrastructure. The product facilitates ease of installation, smart grid communications capabilities and reduced copper cabling. Furthermore, growing inclination toward replacement of overhead power cables with aerial bunched lines will amplify the product penetration.

Low voltage digital substation market will witness an upsurge on account of rising demand for smart control systems and favorable regulatory norms for power distribution. Ongoing deployment of low voltage distribution networks across the industrial and commercial establishments will positively influence the product demand. In addition, wide utilization of these systems across process industries, manufacturing plants and educational institutions will augment the business outlook.

Favorable government initiatives toward utility aided grid network along with increasing adoption of energy efficient infrastructure will complement the digital substation industry across the U.S. Positive economic scenario has led to the development of smart grid network which in turn will boost the product demand. Ongoing investments by public and private institutions for the expansion of residential sector along with aesthetic proximities will propel the industry statistics.

Prominent players operating across the North America digital substation industry includes ABB, Belden, NR Electric, Emerson Electric, General Electric, Schneider Electric, Eaton Corporation, Rockwell Automation, Siemens AG and L&T. Ongoing mergers and acquisition as well as joint ventures are the key strategic implementations adopted by the industry participants favoring their business growth.
 

Frequently Asked Question(FAQ) :

Rising infrastructural development along with increasing power demand is main factor for development of North America Digital Substation Market. Also Paradigm shift toward the adoption of renewable electricity networks coupled with digitalization of power utilities will boost the industry growth.
North America Digital Substation Market Size By Component (Substation Automation System, Communication Network, Electrical System, Monitoring & Control System), By Architecture (Process, Bay, Station), By Application (Transmission, Distribution), By Connectivity (< 33 kV, 33 kV to 110 kV, 110 kV to 220 kV, 220 kV to 550 kV, > 550 kV), By Voltage Level (Low, Medium, High), By End Use (Utility, Industrial), By Installation (New, Refurbished), Industry Analysis Report, Country Outlook (U.S., Canada, Mexico), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026
Prominent players operating across the North America digital substation industry includes ABB, Belden, NR Electric, Emerson Electric, General Electric, Schneider Electric, Eaton Corporation, Rockwell Automation, Siemens AG and L&T.

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North America Digital Substation Market Value 2026: Precise Scenario Trends


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