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Showing posts with the label digital substation market

Digital Substation Market - Forecast(2022 - 2027)

 Digital substation is a combination of switchgear, transformers, substation automation, monitoring & diagnostics and the standard process bus which acts as backbone of smart grids and provide real time phasor measurement data increasingly required in order to control the power flow and keep the grid stable despite of the rapidly increasing share of intermittent renewable energy sources. Globally aging power distribution network and expansion of the power distribution network in developing nations is expected to remain key growth drivers for the digital substations during the period of study. This report identifies the Digital Substation market size in for the year 2015-2017, and forecast of the same for year 2022. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to Digital Substation market. Di...