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Digital Substation Market 2025: Industry Developments, Future Growth, Share & Industry Insights | Siemens AG, Eaton Corporation, Cisco System, NR Electric Co, Emerson Electric
Digital Substation Market - DataM Intelligence
Top Key Players:
Key players are ABB, General Electric Company, Siemens AG, Eaton Corporation Inc., Schneider Electric SE, Honeywell International Inc., Cisco System, NR Electric Co. Ltd., Emerson Electric Co., Larsen & Toubro Limited, Hitachi Energy Ltd.
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✅ United States - Industry Latest News:
• Hubbell Acquires DMC Power for $825 Million
On August 12, 2025, Hubbell Inc. announced the acquisition of DMC Power, a provider of high-voltage connector technology, to enhance its substation and transmission solutions portfolio.
• First Fully Digital Substation in U.S. Begins Operation
In 2025, the United States inaugurated its first fully digital substation, marking a significant step towards modernizing power infrastructure with advanced automation and real-time monitoring capabilities.
✅ Japan - Industry Latest News:
• Hitachi and JR East Develop Full-Digital Substation System
In September 2023, Hitachi Ltd. partnered with East Japan Railway Company to develop a full-digital substation system, aiming for completion by 2025 to enhance grid efficiency and reliability.
• Digital Grid to IPO in April 2025
On March 19, 2025, Digital Grid announced plans to go public on April 22, 2025, with intentions to use the raised funds for grid-scale battery storage investments.
✅ South Korea - Industry Latest News:
• MoU with BlackRock to Develop Hyperscale AI Data Center Hub
On September 24, 2025, South Korea signed a Memorandum of Understanding with BlackRock to develop a hyperscale AI data center hub, utilizing renewable energy to support the growing demand for AI infrastructure in the Asia-Pacific region.
✅ Europe - Industry Latest News:
• Tata Power and Enel Group Collaborate on Renewable Energy Initiatives
In March 2023, Tata Power partnered with Enel Group to accelerate renewable energy development, focusing on leveraging digital substation technologies to enhance grid integration and efficiency.
• General Electric Invests in AI for Smart Grid Applications
In October 2023, General Electric announced a significant investment in research and development to advance the application of artificial intelligence in smart grid technologies, including digital substations, to improve grid performance and reliability.
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Market Segmentation:
By Module (Hardware, Fiber Optic Communications Network, SCADA (Supervisory Control and Data Acquisition))
By Usage (Transmission, Distribution)
By Voltage (Up to 220 KV, 220-550 KV, Above 550 KV)
By End-User (Utility, Cosmetics & Personal Care, Oil & Gas, Transportation, Mining, Others)
By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
Key Trends Influencing Regional Markets
• Asia Pacific: Large-scale infrastructure development and rapid urbanization are leading to increased demand for digital substations.
• North America: The need for reliable and efficient power supply, along with the modernization of aging grid infrastructure, is driving market expansion.
• Europe: Stringent regulations promoting energy efficiency and sustainability are fostering the adoption of digital substations.
• Latin America & Middle East & Africa: Governments are encouraging private and foreign investments to strengthen transmission and distribution networks, offering opportunities through renewable energy deployment.
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Major Players in the Digital Substation Market
• ABB Ltd. (Switzerland): A leader in power and automation technologies, ABB offers comprehensive digital substation solutions, including gas-insulated switchgear and automation systems.
• General Electric Company (USA): Through its Grid Solutions division, GE provides digital substations with advanced protection, control, and automation capabilities.
• Siemens AG (Germany): Siemens offers a range of digital substation products, focusing on smart grid integration and automation.
• Eaton Corporation Inc. (Ireland): Eaton provides digital substation solutions that enhance grid reliability and efficiency.
• Schneider Electric SE (France): Schneider Electric offers digital substation solutions that integrate renewable energy sources and improve grid resilience.
• Honeywell International Inc. (USA): Honeywell provides digital substation solutions that focus on automation and data analytics.
• Cisco Systems Inc. (USA): Cisco offers networking solutions for digital substations, enabling secure and efficient data communication.
• NR Electric Co., Ltd. (China): NR Electric specializes in digital substation automation and control systems.
• Emerson Electric Co. (USA): Emerson provides digital substation solutions that enhance operational efficiency and safety.
• Larsen & Toubro Limited (India): L&T offers digital substation solutions tailored to the Indian market, focusing on automation and smart grid integration.
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Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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