Press release
Substation Automation Global Market Report 2025: Market Size, Growth Drivers, and Key Trends
Substation Automation Market Share
What Is The Projected Market Size Of The Substation Automation Global Market Report 2025 And Its Growth Rate?
• Substation automation market has expanded greatly and is predicted to grow from $35.9 billion in 2024 to $38.12 billion in 2025 (CAGR: 6.2%)
• The market is expected to surge to $54.66 billion in 2029 with a compound annual growth rate (CAGR) of 9.4%.
What Is Driving The Growth In The Substation Automation Global Market Report 2025?
The rise in demand for electric power is a major factor driving the growth of the substation automation market. The demand for efficient management of electrical grid systems has increased with the growth in electric power consumption, necessitating automation in substations. Automation helps maintain a stable supply of electricity, addresses faults in real-time, and prevents power outages. For instance, global electricity demand grew by 2.2% in 2023, according to the International Energy Agency (IEA), and by 2.6% in the United States in 2022.
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Who Are the Key Players Driving Substation Automation Global Market Report 2025 Growth?
• Schneider Electric SE
• Siemens AG
• General Electric Co.
• Black & Veatch Holdings Company
• Valiant Communications
• ABB Limited
• Omicron Electronics GmbH
• Hitachi Energy Limited
• Milsoft Utility Solutions
• Honeywell International Inc.
• Rockwell Automation Inc.
• Power Systems Engineering
• Eaton Corporation
• NovaTech LLC
• Crompton Greaves Ltd.
• Mitsubishi Electric Corporation
• GE Grid Solutions
• Emerson Electric Co.
• Efacec Power Solutions
• Arteche
• Schweitzer Engineering Laboratories
• Yokogawa Electric Corporation
• Applied System Engineering Inc.
• Enel S.p.A
What Are The Key Trends In The Substation Automation Global Market Report 2025?
• Innovative flavor profiles
• Adoption of clean label and natural ingredients
• Packaging innovation
• Growth of e-commerce and direct-to-consumer sales
• Personalization and customization
What Are The Segments Of The Global Substation Automation Global Market Report 2025?
• By Component: Hardware, Software
• By Rated Voltage: Low Voltage, Medium Voltage, High Voltage
• By Communication: Optical Fiber Communication Channel, Power Line Communication Channel, Copper Wire Communication Channel, Ethernet, Other Communication
• By Module: SCADA, Intelligent Electronic Devices (IED), Communication Network, Other Module
• By End-User Industry: Utilities, Steel, Oil And Gas, Mining, Transportation
Which Region Leads The Substation Automation Global Market Report 2025?
North America was the largest market for substation automation in 2024. However, Asia-Pacific is anticipated to emerge as the fastest-growing region in this sector during the forecast period. The report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Substation Automation Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Substation Automation Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Substation Automation Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Substation Automation Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Substation Automation Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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