Substation Automation Market Regional Analysis:
North American Market Insights
North America region is projected to account for more than 35% market share by 2035, owing to the rising adoption of advanced electronic devices. Moreover, escalating adoption of smart grids in the region is also estimated to boost market growth. For instance, over 90 million smart meters were installed throughout the U.S. in 2020.
APAC Market Insights
The Asia Pacific market for substations automation is estimated to account for lucrative market value between 2026-2035. The expansion of the regional market can be attributed to changing energy infrastructure, which is supported by rising industrialization in developing countries. The growing demand for smart grids and smart electric meters to optimize energy utilization, along with the initiatives to promote the use of renewable is projected to promote market growth in the region.
