Digital substation is an important aspect of electrical generation, transmission, and distribution system, which enables electric utilities and other industries to monitor, control, and coordinate the transmission and distribution components installed in the substation remotely. A digital substation offers an open, flexible, and scalable solution, which helps in designing and deploying new power control system and retrofitting the existing system, as well as integrating the old electronic devices with a modern digital control system for different standard protocols. A digital substation requires digital communication networks and provides improved capabilities for advanced grid control as well as helps in collecting operational and asset data, which can be analyzed to detect and predict failures.

Visionary leaders are the leading players in the market having a robust service portfolio, a strong market presence, and also effective business strategies. These players have a broad product portfolio which enables to serve most of the regions all over the world. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.

Dynamic differentiators are established vendors with strong business strategies. However, they have a weak product/service portfolio. They generally focus on a specific type of technology related to the product. Most of the dynamic players are classified under tier 2 and 3 companies, which have their presence in various regions globally.

Innovators demonstrate substantial product innovation compared to their competitors. They have a highly focused product portfolio. However, they do not have very strong growth strategies for their overall business. The rugged display market moderately depends on innovators as high capital investment is required for manufacturing and developing new technology-based display devices and it is not easy for new players to enter this market. The market is mature and is dominated majorly by visionary leaders, which are also the major innovators in the market.

The emerging companies have niche service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market and require time to gain significant traction in the market.