Digital Substation Market Growth Drivers In 2022 & Challenges By 2028

Digital substation market size will expand at a significant pace over 2022-2028 with increasing deployment of transmission and distribution systems globally. Electrical systems, communication networks, monitoring and control systems are among the major components of these substations. Growing infrastructure spending in regions like Asia Pacific and MEA will augment the manufacturing of transformers and other substation components over the coming years. Robust industrial sector in these regions will also fuel the market forecast.

Global digital substation industry share from substation automation system (SAS) component will witness more than 9% CAGR through 2028. These systems offer improved protection, control, and a safe operating environment. SAS are required for effective modernization of power grids, by providing seamless communication, automation and interoperability between devices in the substation. Increased expenditure on upgrading electricity infrastructure in countries such as the U.S. will drive SAS deployment over the coming years.

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In terms of architecture, digital substation market is divided into process, bay and station segments. The industry share from process architecture segment is projected to surpass USD 2 billion by 2028. The demand for bay architecture will grow owing to the need for curbing power supply disruptions through the establishment of more reliable grid infrastructure. Station architecture delivers significant cost effectiveness as well as security, strengthening the market outlook.

With regards to connectivity, the

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