Substation Automation Solutions Amidst Rising Electric Power Needs: Strategic Insights Driving Substation Automation Market Momentum in 2025

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How Large Will the Substation Automation Market Size By 2025?
In recent years, the substation automation market size has seen significant growth. It is projected to increase from $35.9 billion in 2024 to $37.95 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. Factors contributing to this growth in the historic period include weight management concerns, specific dietary restrictions and preferences, growing popularity of gluten-free and low-carb diets, government-backed sugar reduction initiatives, and increased adoption of a healthier lifestyle.

How Big Is the Substation Automation Market Size Expected to Grow by 2029?
Predictions indicate a promising acceleration in the growth of the substation automation market in the coming years, with its value expected to reach $54.22 billion by the year 2029, showing a compound annual growth rate (CAGR) of 9.3%. Several factors account for this predicted growth during the forecast period, including an increasing prevalence of diabetes and obesity, a burgeoning older population, the surge in e-commerce, educational initiatives promoting sugar awareness, considerations for sustainability, and a growing interest towards plant-based diets. In addition, innovative trends expected to shape this forecast period include new flavor introductions, focus on clean labels and natural ingredients, innovative packaging, the rise of e-commerce and direct-to-consumer sales, and increased personalization and customization.

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Which Key Market Drivers Powering Substation Automation Market Expansion and Growth?
The growth of the substation automation market is anticipated to be driven by the increased need for electric power. Electric power represents the quantity of energy transferred over time. The growing demand for electric power necessitates more effective oversight of the electric grid system. Substation automation contributes to various functions, such as ensuring a consistent and stable electric supply by automating power supply monitoring and control at substations, identifying and fixing errors in real-time, and avoiding power outages. For example, the International Energy Agency (IEA), an independent intergovernmental organization based in France, reported a 2.2% increase in global electricity demand in 2023 from January 2024 data. In the United States, electricity demand grew by 2.6% in 2022. Hence, the escalating demand for electric power is contributing to the expansion of the substation automation market.

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Which Fast-Growing Trends Are Poised to Disrupt the Substation Automation Market?
The rise in digital transformation in substation automation systems is an emerging trend in the substation automation market. Key market leaders are directing their resources towards producing digitized substation automation systems designed to oversee and scrutinize the electricity power grid network in real-time. An example is Doble Engineering Company, a US-based company that specializes in diagnostic testing solutions for the electric power industry. In May 2022, they launched the Doble F6880 Digital Network Analyzer, which is engineered to detect and rectify connection and network performance problems in IEC 61850 digital substation systems. The device links to station networks via copper or optical fiber Ethernet cables, digitizes the information, and examines any inconsistencies with the original engineering layouts using IEC 61850 sampled values and Generic Object-Oriented Substation Events (GOOSE). This facilitates efficient troubleshooting of any non-functioning digital signals.

What Are the Emerging Segments in the Substation Automation Market?
The substation automationmarket 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

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Who Are the Global Leaders in the Substation Automation Market?
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 are the Top Profitable Regional Markets for the Substation Automation Industry?
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

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