Substation Automation Solutions Amidst Rising Electric Power Needs: Critical Driver Shaping the Substation Automation Market in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Substation Automation Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of substation automation has seen remarkable growth in the past few years. It is projected to rise from $35.9 billion in 2024 to $38.12 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.2%. The impressive growth during the historical period can be credited to concerns over weight management, dietary constraints and choices, an increase in gluten-free and low-carb diets, government-led efforts to reduce sugar and the widespread adoption of a healthy lifestyle.

Substation Automation Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the substation automation market is anticipated to experience robust growth, surging to an estimated value of "$54.66 billion by 2029, reflecting a compound annual growth rate (CAGR) of 9.4%. This positive growth trajectory during the forecast period can be linked to increasing diabetes and obesity rates, a growing elderly population, the proliferation of e-commerce, awareness drives about sugar, considerations for sustainability, and a heightened interest in plant-centric diets. Key trends projected for this forecast period encompass ingenious flavor profiles, clear and natural ingredients branding, packaging advancements, growth of e-commerce and direct-to-consumer sales channels, and personalization and customization.

View the full report here:
https://www.thebusinessresearchcompany.com/report/substation-automation-global-market-report

What Are the Drivers Transforming the Substation Automation Market?
The growth of the substation automation market is anticipated to be pushed forward by the surging demand for electric power. Electric power, defined as the quantity of energy transferred over a certain period, has seen a surge that results in the need for more efficient electrical grid management. Substation automation functions in numerous ways, like automating the supervision and management of power supply in substations, maintaining a consistent and stable electricity supply, instantly spotting and resolving issues, and averting power blackouts. For example, in January 2024, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, revealed that global electricity demand experienced a rise of 2.2% in 2023. Furthermore, in 2022, there was a 2.6% increase in the demand for electricity in the United States. Hence, this growing demand for electric power is a key driving force behind the expansion of the substation automation market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10428&type=smp

What Long-Term Trends Will Define the Future of the Substation Automation Market?
The growing trend of digitizing substation automation systems is gathering momentum in the substation automation marketplace. Leading market participant's focus is shifting towards the development of digitized substation automation systems for real-time monitoring and analysis of the electrical power grid. For example, in May 2022, US-based Doble Engineering Company, a provider of diagnostic testing solutions to the electric power industry, introduced the Doble F6880 Digital Network Analyzer. This tool is designed to detect and resolve communication and network performance problems in IEC 61850 digital substation systems. The F6880 device can connect to station networks through copper or optical fiber Ethernet cables, digitize the data, and verify any deviations from standard engineering designs using IEC 61850 sampled values and Generic Object-Oriented Substation Events (GOOSE). This promotes efficient troubleshooting of any flawed digital signals.

Which Segments in the Substation Automation Market Offer the Most Profit Potential?
The substation automation market covered in this report is segmented -

1) By Component: Hardware, Software
2) By Rated Voltage: Low Voltage, Medium Voltage, High Voltage
3) By Communication: Optical Fiber Communication Channel, Power Line Communication Channel, Copper Wire Communication Channel, Ethernet, Other Communication
4) By Module: Supervisory Control and Data Acquisition (SCADA), Intelligent Electronic Devices (IED), Communication Network, Other Module
5) By End-User Industry: Utilities, Steel, Oil And Gas, Mining, Transportation

Subsegments:
1) By Hardware: Intelligent Electronic Devices (IEDs), Communication Network Devices, Remote Terminal Units (RTUs), Programmable Logic Controllers (PLCs), Human-Machine Interface (HMI) Devices
2) By Software: Supervisory Control And Data Acquisition (SCADA), Energy Management Systems (EMS), Substation Automation System

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10428&type=smp

Which Firms Dominate the Substation Automation Market by Market Share and Revenue in 2025?
Major companies operating in the substation automation market include 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

Which Regions Offer the Highest Growth Potential in the Substation Automation Market?
North America was the largest region in the substation automation market in 2024. Asia-pacific is expected to be the fastest-growing region in the global substation automation market during the forecast period. The regions covered in the substation automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10428

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.