Substation Automation Market growing at a CAGR of 6.6% from 2025 to 2030

The global substation automation market size was valued at USD 47.76 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030. A primary driver is the increasing demand for reliable and efficient power distribution systems, essential as electricity consumption rises globally due to urbanization and industrial growth.

Key Market Trends & Insights

  • North America substation automation market dominated the global market with a revenue share of 31.3% in 2024.
  • By component, the hardware segment dominated the market with a share of 44.0% in 2024.
  • By type, the transmission substation segment dominated the market with the largest revenue share in 2024.

Market Size & Forecast

  • 2024 Market Size: USD 47.76 Billion
  • 2030 Projected Market Size: USD 69.29 Billion
  • CAGR (2025-2030): 6.6%
  • North America: Largest market in 2024

Request Free Sample Report: https://www.grandviewresearch.com/industry-analysis/substation-automation-market/request/rs1

In addition, the integration of advanced technologies such as IoT and artificial intelligence into substation operations has enhanced monitoring and control capabilities, leading to improved operational efficiency.

Governments and private entities increasingly prioritize the development of smart cities, necessitating advanced energy management systems for efficient power distribution. The rising global population and increased electricity demand drive the need for more robust and automated substations. This trend is supported by the adoption of digital twins and advanced communication technologies, which facilitate real-time data analysis and informed decision-making.

Moreover, the shift toward decentralized energy generation presents additional opportunities for the substation automation market. As more industries adopt renewable energy solutions, there is a heightened need for automation systems capable of managing complex energy flows and enhancing grid reliability. The evolution of industry standards and regulatory frameworks that promote sustainable practices significantly shapes market dynamics. This transition encourages the integration of advanced technologies, such as smart inverters and energy storage systems, which are essential for optimizing the performance of decentralized energy resources. For instance, Tesla’s deployment of its Powerwall battery storage system allows homeowners with solar panels to store excess energy for later use, thereby enhancing grid reliability and reducing dependence on traditional power sources.

Substation Automation Market Report Scope

Report Attribute

Details

Market size value in 2025

USD 50.44 billion

Revenue forecast in 2030

USD 69.29 billion

Growth rate

CAGR of 6.6% from 2025 to 2030

Base year for estimation

2024

Historical data

2018 – 2023

Forecast period

2025 – 2030

Quantitative units

Revenue in USD million and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Component, type, technology, end use, region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Country scope

U.S., Canada, Mexico, Germany, UK, France, China, Japan, India, Australia, South Korea, Brazil, Saudi Arabia, South Africa, UAE

Key companies profiled

ABB; Siemens; Schneider Electric; General Electric Company; Eaton; Cisco Systems, Inc.; Honeywell International Inc.; Emerson Electric Co.; Schweitzer Engineering Laboratories, Inc.; Mitsubishi Electric Corporation

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional and segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Similar Posts