Substation Automation Market Share

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Report ID: 3908
Published Date: May 08, 2025
Report Format: PDF, PPT

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North American Market Forecast

The North American substation automation market is expected to dominate the market by registering the highest CAGR in the predicted period, 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 Statistics

The Asia Pacific market for substations automation is estimated to account for lucrative market value between 2025-2037. 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.

Browse key industry insights with market data tables & charts from the report:

Substation Automation Market size to hit $76.04 billion by 2037 | 6.9% CAGR Forecast

Frequently Asked Questions (FAQ)

Substation Automation Market in 2025 is estimated at USD 33.7 billion.

The global market size crossed USD 31.94 billion in 2024 and is likely to register a CAGR of over 6.9%, exceeding USD 76.04 billion revenue by 2037.

Asia Pacific is estimated to record largest share by 2037, attributed to changing energy infrastructure, rising industrialization, and growing demand for smart grids and electric meters.

The major players in the market include ABB Ltd., SAE IT-Systems GmbH & Co. KG, AMETEK, Inc., Axiomtek Co. Ltd., Toshiba Corporation, Texas Instruments Incorporated, Larsen & Toubro Ltd., Cisco Systems, Inc., Eaton Corporation PLC, General Electric Company.