DUBLIN--(BUSINESS WIRE)--May 16, 2018--The "Global Digital Substation Market - Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Global digital substation market to grow at a CAGR of 11.9% during the forecasted period of 2017-2024.

Digital substations enable electric power utilities to improve functionality, reliability of assets, to improve safety of service personnel and to increase productivity. The key trend for the global digital substation market is technological innovations.

Factors that are positively influencing the growth of digital substation market are rise in power demand with limited space availability, increasing infrastructure development in smart cities and rising demand for replacing traditional substation infrastructure.

However, the key restraints for the global digital substation market is high initial investment.

Furthermore, the major opportunities for the global digital substation market are rising clinical research activities in emerging countries and shift from manual interpretation to real-time data analysis during clinical studies.

Some of the key market players of global digital substation market are ABB Ltd. (Switzerland), Siemens (Germany), Honeywell International (United States), Cisco (United States), Schneider Electric (France), Eaton (Ireland), Larsen & Toubro (India) and Emerson (United States).

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Global Digital Substation Market By Module

5. Global Digital Substation Market By Type

6. Global Digital Substation Market By Voltage

7. Global Digital Substation Market By Industry

8. Competitive Landscape

9. Geographic Analysis

10. Company Profiles

ABB Ltd (Switzerland) Cadillac Automation And Controls (India) Cisco (United States) Eaton (Ireland) Emerson (United States) General Electric (United States) Honeywell (United States) Igrid T&D (Spain) I-Tor (Spain) Larsen & Toubro (India) NR Electric (China) Schneider Electric (France) Siemens AG (Germany) Tekvel (Russia) Yamal LNG (Russia)

For more information about this report visit https://www.researchandmarkets.com/research/qs4nwk/global_digital?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180516005669/en/

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SOURCE: Research and Markets

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PUB: 05/16/2018 07:46 AM/DISC: 05/16/2018 07:46 AM