Substation Automation Market Outlook:
Substation Automation Market size was valued at USD 43.13 billion in 2025 and is set to exceed USD 80.96 billion by 2035, registering over 6.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of substation automation is estimated at USD 45.65 billion.
The growth of this market is driven by the increasing investment in renewable energy sources to meet energy demands. Currently, solar and wind are the epicenter of power generation with most economies at least generating 20% of their electricity with these two sources. As per a report by International Energy Agency, in 2019 the global share of renewable resources in power generation reached 25%. By 2050, it is anticipated to offer a share of approximately 86% in global power generation.
Moreover, the increasing global population and higher electricity demand are estimated to boost the market expansion in the projected period. Electricity is becoming as crucial in people's daily lives as water and air. As per the research industrial, residential, and commercial domains each account for one-third of total electricity use.
