Digital Transformation in Energy Sector Drives Substantial Growth in Digital Substations
The global digital substations market was valued at US$ 9.2 Bn in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2031, reaching US$ 16.6 Bn by the end of the forecast period. This growth is driven by the increasing shift towards automation, rising demand for clean energy, and the need for reliable and cost-effective power distribution infrastructure....
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