North American Digital Substation Market, Forecast to 2022

North American Digital Substation Market, Forecast to 2022

Growing Distributed Energy Resources and Need for Grid Modernization will Drive Demand

RELEASE DATE
04-Oct-2017
REGION
North America
Research Code: K1CD-01-00-00-00
SKU: EG01828-NA-MR_20895

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Description

Utility substations form an integral part of the entire grid network. They will play a vital role in the smart grids of tomorrow.

With growing complexity in the grid, energy companies are recognizing the importance of digital transformation. Additional challenges include substation projects coming under increasing cost and time pressure, investors demanding improved asset utilization, and regulators mandating better power quality and grid resilience. Substation automation is the act of automating and controlling all the equipment within a substation. Over time, substations have evolved with the usage of more advanced and intelligent sensors. Digital substation, an advanced stage of substation evolution, is all about getting IEC 61850 to the field equipment, eliminating the cabling between the primary equipment and secondary systems and replacing it with Ethernet cables. A digital substation differentiates itself from a conventional substation based on communication architecture. In general, a digital substation will leverage digital technology for measurement, protection and control of transmission and distribution assets within a substation. In contrast to a conventional substation, it will use optical fibre cables (OFCs) instead of copper wirings. The rising popularity of digital substations is driven by multiple factors including reduced cost and space requirements, increased reliability, and ease of integration.

This research provides an market overview and market analysis of key opportunities with the digital substation sector.

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Introduction

Market Definitions

Difference Between a Conventional and Digital Substation

Architecture Levels in a Digital Substation

Market Segmentation

Market Distribution Channels

Market Engineering Measurements

Revenue Forecast

North American Substation Regulations

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast by Vertical Market

Market Share

Competitive Environment

Competitor Analysis

Growth Opportunity—Rich Analytics

Strategic Imperatives for Success and Growth

3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Additional Sources of Information on Substation Automation

List of Companies in “Others”

Abbreviations and Acronyms Used

List of Figures
  • 1. Total Digital Substation Market: Key Market Drivers, North America, 2017–2022
  • 2. Total Digital Substation Market: Key Market Restraints, North America, 2017–2022
  • 3. Total Digital Substation Market: Market Engineering Measurements, North America, 2016
  • 4. Total Digital Substation Market: Revenue Forecast by Region, North America, 2014–2022
  • 5. Total Digital Substation Market: Company Market Share Analysis of Top 4 Participants, North America, 2016
  • 6. Total Digital Substation Market: Competitive Structure, North America, 2016
List of Charts
  • 1. Total Digital Substation Market: Market Engineering Measurements, North America, 2016
  • 2. Total Digital Substation Market: Conventional and Digital Substation, North America, 2016
  • 3. Total Digital Substation Market: Percent Sales Breakdown by Region, North America, 2016
  • 4. Total Digital Substation Market: Distribution Channel Analysis, North America, 2016
  • 5. Total Digital Substation Market: Revenue Forecast, North America, 2014–2022
  • 6. Total Digital Substation Market: Regulations, North America, 1998–2014
  • 7. Total Digital Substation Market: Percent Revenue Forecast by Region, North America, 2014–2022
  • 8. Total Digital Substation Market: Revenue Forecast by Verticals, North America, 2014–2022
  • 9. Total Digital Substation Market: Penetration Analysis, North America, 2016–2022
  • 10. Total Digital Substation Market: Market Share, North America, 2016
Related Research
Utility substations form an integral part of the entire grid network. They will play a vital role in the smart grids of tomorrow. With growing complexity in the grid, energy companies are recognizing the importance of digital transformation. Additional challenges include substation projects coming under increasing cost and time pressure, investors demanding improved asset utilization, and regulators mandating better power quality and grid resilience. Substation automation is the act of automating and controlling all the equipment within a substation. Over time, substations have evolved with the usage of more advanced and intelligent sensors. Digital substation, an advanced stage of substation evolution, is all about getting IEC 61850 to the field equipment, eliminating the cabling between the primary equipment and secondary systems and replacing it with Ethernet cables. A digital substation differentiates itself from a conventional substation based on communication architecture. In general, a digital substation will leverage digital technology for measurement, protection and control of transmission and distribution assets within a substation. In contrast to a conventional substation, it will use optical fibre cables (OFCs) instead of copper wirings. The rising popularity of digital substations is driven by multiple factors including reduced cost and space requirements, increased reliability, and ease of integration. This research provides an market overview and market analysis of key opportunities with the digital substation sector.
More Information
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Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || CEO’s Perspective~ | Market Overview~ || Introduction~ || Market Definitions~ || Difference Between a Conventional and Digital Substation~ || Architecture Levels in a Digital Substation~ || Market Segmentation~ || Market Distribution Channels~ | Drivers and Restraints—Total Digital Substation Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total Digital Substation Market~ || Market Engineering Measurements~ || Revenue Forecast~ || North American Substation Regulations~ || Percent Revenue Forecast by Region~ || Revenue Forecast by Region~ || Revenue Forecast by Vertical Market~ | Demand Analysis—Total Digital Substation Market~ || Penetration Analysis~ | Market Share and Competitive Analysis—Total Digital Substation Market~ || Market Share~ || Competitive Environment~ || Competitor Analysis~ | Growth Opportunities and Companies to Action~ || Growth Opportunity—Rich Analytics~ || Strategic Imperatives for Success and Growth~ | The Last Word~ || 3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || Additional Sources of Information on Substation Automation~ || List of Companies in “Others”~ || Abbreviations and Acronyms Used~
List of Charts and Figures 1. Total Digital Substation Market: Key Market Drivers, North America, 2017–2022~ 2. Total Digital Substation Market: Key Market Restraints, North America, 2017–2022~ 3. Total Digital Substation Market: Market Engineering Measurements, North America, 2016~ 4. Total Digital Substation Market: Revenue Forecast by Region, North America, 2014–2022~ 5. Total Digital Substation Market: Company Market Share Analysis of Top 4 Participants, North America, 2016~ 6. Total Digital Substation Market: Competitive Structure, North America, 2016~| 1. Total Digital Substation Market: Market Engineering Measurements, North America, 2016~ 2. Total Digital Substation Market: Conventional and Digital Substation, North America, 2016~ 3. Total Digital Substation Market: Percent Sales Breakdown by Region, North America, 2016~ 4. Total Digital Substation Market: Distribution Channel Analysis, North America, 2016~ 5. Total Digital Substation Market: Revenue Forecast, North America, 2014–2022~ 6. Total Digital Substation Market: Regulations, North America, 1998–2014~ 7. Total Digital Substation Market: Percent Revenue Forecast by Region, North America, 2014–2022~ 8. Total Digital Substation Market: Revenue Forecast by Verticals, North America, 2014–2022~ 9. Total Digital Substation Market: Penetration Analysis, North America, 2016–2022~ 10. Total Digital Substation Market: Market Share, North America, 2016~
Author Rajalingam Chinnasamy
Industries Energy
WIP Number K1CD-01-00-00-00
Is Prebook No