Global Digital Substation Market: Market Research by Knowledge Sourcing Intelligence
The Significance And Importance Of Digital Substation Market The incorporation of intelligent electronic devices (IEDs) with a communication network is transforming the analogous system of substation in the energy and power industry. The technical advancement has led the electrical system for digitization, resulting in implementing digital substations over traditional substations. Market Drivers and Restraints The digital substation market is expected to see substantial growth owing to the rising usage of smart grid technology, redevelopment of the older power infrastructure, construction of smart cities and favorable government initiatives, such as “National Smart Grid Mission” in India, building varying voltage level substation in Qatar with the help of Larsen & Toubro. In addition, reduced maintenance, flexibility and better electric system protection are some additional benefits that are further fueling the demand for the digital substation market. ...