The Energy and Power Automation Market is set to reach USD 66.21 billion in 2030

According to the report published by Virtue Market Research in Energy and Power Automation Market was worth USD 45.89 billion in 2024 and is set to reach USD 66.21 billion in 2030. The market is projected to grow at a CAGR of 6.3% over the forecast period of 2025 - 2030.

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The Energy and Power Automation Market is steadily growing due to the ongoing global push for efficient energy management and automation technologies. One of the main long-term drivers of this market is the increasing demand for reliable and sustainable energy solutions. As utilities and industries aim to reduce energy losses and enhance grid stability, automated systems for monitoring, controlling, and optimizing energy usage have become essential. The COVID-19 pandemic temporarily slowed down infrastructure development and delayed some automation projects.

However, it also highlighted the need for resilient and remotely manageable energy systems, which has accelerated investment in smart automation technologies.
In the short term, the market is being driven by the rapid adoption of digital solutions and advanced analytics in power operations. Companies are integrating intelligent monitoring tools, predictive maintenance software, and IoT-enabled devices to ensure real-time efficiency and reduce operational downtime. This short-term growth is also fueled by increased government incentives for upgrading aging power grids and implementing energy-efficient solutions across industrial sectors.

A notable opportunity in the Energy and Power Automation Market is the expansion into renewable energy integration. As solar, wind, and other renewable sources contribute more significantly to the energy mix, there is a growing need for automated systems that can balance variable energy outputs with consumer demand. Automation technologies provide real-time decision-making capabilities to manage energy flow, storage, and distribution, making renewable energy sources more reliable and scalable. This opens up lucrative possibilities for solution providers in both developed and emerging markets.

The industry is also witnessing a clear trend toward smart grid modernization and edge-based automation. Utilities are increasingly deploying decentralized automation systems that process data closer to energy generation and consumption points. This trend enhances efficiency, reduces latency in decision-making, and allows for better management of distributed energy resources. Additionally, the growing emphasis on cybersecurity in automated energy systems is shaping the development of secure, robust, and scalable automation solutions, reflecting the broader trend of digital resilience in critical infrastructure.

Overall, the Energy and Power Automation Market is set to expand steadily due to long-term drivers such as sustainable energy adoption, short-term factors like digital transformation, opportunities in renewable integration, and emerging trends in smart grids and edge automation. The combination of these elements is creating a dynamic market environment where technological innovation, policy support, and operational efficiency converge to drive growth and resilience in the energy sector.

The market's future appears bright as organizations continue to adopt automation solutions to meet energy demands, improve operational performance, and integrate clean energy sources. With continuous advancements in monitoring technologies, analytics, and control systems, the Energy and Power Automation Market is positioned to play a pivotal role in shaping a more efficient, secure, and sustainable global energy landscape.

Segmentation Analysis:
By Offering: Hardware, Software, Services
The Energy and Power Automation Market by offering includes hardware, software, and services. Largest in this segment is hardware because physical devices like controllers, sensors, and meters are widely used across industries to monitor and manage energy flow. Fastest growing during the forecast period is software, as more companies are investing in energy management programs, predictive analytics, and AI-driven monitoring tools that improve efficiency. Services, including consulting, installation, and maintenance, are steadily expanding but remain smaller than hardware and software.

The growth of software solutions is driven by the need to automate complex systems, reduce operational downtime, and optimize energy consumption. Hardware remains essential for new installations and retrofits, while software adoption is increasing in smart grids, renewable integration, and industrial automation. Services are gradually picking up as industries seek external expertise for implementing advanced energy automation technologies. The combination of these three offerings is shaping the way energy systems are managed, with hardware providing the foundation, software adding intelligence, and services ensuring continuous performance and optimization.

By Components: IEDs, Communication Networks, SCADA Systems, Others
In the segment of components, the Energy and Power Automation Market includes IEDs, communication networks, SCADA systems, and others. Largest in this segment is SCADA systems because they provide centralized monitoring and control of energy operations across various industries. Fastest growing during the forecast period is IEDs, or intelligent electronic devices, as they allow real-time measurement, control, and protection of electrical equipment, enhancing system efficiency and reliability.

Communication networks, which connect devices and control systems, are steadily expanding but not as quickly as IEDs. The "others" category includes sensors, relays, and auxiliary equipment, which support operations but do not dominate market share. IEDs are increasingly deployed in new smart grids, renewable energy projects, and industrial automation setups due to their small footprint, low cost, and high functionality. SCADA systems remain critical for centralized management, but innovation in intelligent devices is driving faster adoption and transforming the component landscape.

By Installation: New Installations, Retrofit Installations
The Energy and Power Automation Market by installation type is divided into new installations and retrofit installations. Largest in this segment is new installations because many energy infrastructure projects are expanding in emerging economies and industrial hubs. Fastest growing during the forecast period is retrofit installations, as older facilities upgrade to smart automation systems to improve efficiency, reduce downtime, and meet regulatory standards.

Retrofit projects are increasingly popular in utilities, manufacturing plants, and transportation facilities where modernization is necessary without halting operations. New installations provide a clean slate for integrating hardware, software, and monitoring systems from the beginning, ensuring smoother implementation. Retrofits require careful planning but offer high returns by optimizing existing infrastructure. The combination of these installation types allows the market to grow both through expansion in greenfield projects and modernization of older systems.

By End-User: Utilities, Steel Industry, Oil & Gas Industry, Mining Industry, Transportation Industry, Others
In terms of end-users, the Energy and Power Automation Market caters to utilities, steel, oil & gas, mining, transportation, and other industries. Largest in this segment is utilities because power generation, distribution, and transmission demand extensive automation to ensure grid stability and efficiency. Fastest growing during the forecast period is the oil & gas industry, as automation solutions help monitor remote operations, reduce downtime, and manage energy-intensive processes. The steel industry and mining sector are steadily adopting automation to improve energy efficiency and operational safety, while transportation is slowly integrating smart systems for energy management. Other industries, including chemicals and manufacturing, are exploring automation but contribute smaller shares. Utilities dominate due to scale and complexity, while oil & gas sees rapid growth driven by technological upgrades and energy optimization needs.

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Regional Analysis:
The Energy and Power Automation Market across regions shows varied growth patterns. Largest in this segment is North America due to advanced grid infrastructure, high adoption of automation solutions, and stringent energy efficiency standards. Fastest growing during the forecast period is Asia-Pacific, where rapid industrialization, urbanization, and renewable energy projects are driving demand for automated energy systems. Europe is steadily growing with smart grid initiatives and sustainability goals.

South America is witnessing gradual adoption through modernization of power networks, while Middle East & Africa are focusing on infrastructure expansion and energy efficiency programs. North America's market is mature with established players, while Asia-Pacific offers high growth potential due to rising energy consumption, government incentives, and increasing industrial automation. The regional differences reflect varying levels of infrastructure maturity, technological adoption, and energy demands, shaping the market dynamics globally.

Latest Industry Developments:
• Strategic Expansion into Emerging Markets: Companies in the Energy and Power Automation Market are increasingly focusing on expanding their presence in emerging markets to enhance their market share. This trend is driven by the growing demand for energy infrastructure development and modernization in regions such as Asia-Pacific, Latin America, and Africa. By establishing local manufacturing facilities and forming strategic partnerships, companies aim to cater to the specific needs of these markets, reduce operational costs, and comply with regional regulations. For instance, firms are investing in countries with favorable business environments and regulatory frameworks to capitalize on the opportunities presented by rapid urbanization and industrial growth in these regions.

• Investment in Advanced Technologies for Operational Efficiency: To stay competitive, companies are heavily investing in advanced technologies like artificial intelligence (AI), machine learning, and Internet of Things (IoT) to enhance operational efficiency and service offerings. These technologies enable real-time monitoring, predictive maintenance, and automation of energy systems, leading to reduced downtime and improved reliability. The integration of AI and IoT allows for better demand forecasting and energy optimization, which is crucial for managing the complexities of modern power grids. By adopting these technologies, companies can offer more efficient and cost-effective solutions to their customers, thereby increasing their market share.

• Strategic Collaborations and Acquisitions to Strengthen Market Position: Companies are actively pursuing strategic collaborations and acquisitions to strengthen their market position and expand their product portfolios. By partnering with technology providers and acquiring companies with complementary capabilities, firms can enhance their technological expertise and enter new market segments. These collaborations allow for the development of integrated solutions that meet the evolving needs of the energy sector, such as smart grid technologies and renewable energy integration. Through such strategic moves, companies aim to broaden their customer base and increase their market share in the competitive energy and power automation industry.

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