Press Releases

The global substation automation and integration market is expected to witness a CAGR of 6.6% during the forecast period. The reliability, need for the low-cost, flexibility, and grid efficiency linked with the substation automation and integration may propel the growth of the market during the forecast period. However, high capital investment for installation and regulation issues may hamper the growth of the substation automation and integration market. Nevertheless, the increasing use of digital technology to enhance grid efficiency in smart cities, surging demand for electric and hybrid vehicles, rising focus on improving IEC 61850 standards to handle interoperability issues among electronic devices deployed in substations will boost the growth of the substation automation and integration market.

The substation automation and integration market refers to the industry involved in the deployment of advanced automation and integration solutions in electrical substations. Substations play a critical role in the transmission and distribution of electricity, and automation and integration technologies aim to enhance their efficiency, reliability, and operational capabilities.

Substation automation involves the deployment of intelligent electronic devices (IEDs), communication networks, and software applications to monitor, control, and protect substation equipment and processes. Integration refers to the seamless integration of various substation components, such as protection relays, control systems, communication systems, and data analytics platforms, into a unified and interoperable system.

Several factors contribute to the growth of the substation automation and integration market:

Modernization of Aging Substation Infrastructure: Many existing electrical substations are outdated and require modernization to improve their performance and adapt to evolving grid requirements. Automation and integration solutions enable the retrofitting and upgrading of substations, enhancing their reliability, safety, and operational efficiency.

Increasing Grid Complexity and Renewable Integration: The integration of renewable energy sources, such as solar and wind, introduces new challenges for grid management. Substation automation and integration solutions enable effective monitoring, control, and management of distributed generation, energy storage, and grid balancing devices, ensuring optimal grid operation.

Grid Resilience and Asset Management: Utilities and grid operators are increasingly focusing on grid resilience and asset management to mitigate the impact of outages and optimize asset utilization. Substation automation and integration technologies provide real-time monitoring, predictive analytics, and condition-based maintenance capabilities, enabling proactive asset management and improved grid reliability.

Demand for Enhanced Situational Awareness: Automation and integration solutions offer real-time monitoring and control of substations, providing utilities with better situational awareness of their grid operations. This helps in detecting and resolving issues quickly, optimizing load management, and improving grid stability.

Integration of Communication and Networking Technologies: The advancements in communication and networking technologies, such as industrial Ethernet, Internet Protocol (IP), and wireless communication, have facilitated the seamless integration of various substation components and enabled efficient data exchange and control functions.

Regulatory Mandates and Grid Modernization Initiatives: Government regulations and initiatives aimed at modernizing the power grid and enhancing energy efficiency are driving the adoption of substation automation and integration solutions. These initiatives focus on improving grid reliability, reducing carbon emissions, and enabling smart grid functionalities.

Hitachi ABB Power Grids launched the new Remote Terminal Unit (RTU) 530 that extends the life of existing power distribution networks and supports the migration to modern technologies with enhanced security features, including secure communication, encryption, and security logging.

The COVID-19 pandemic has affected to operations of substation automation industry players and impacted businesses of various other industries like utilities, steel, oil & gas, and transportation. Globally, the government has reduced their expenditure on other areas and the focus was to improve healthcare infrastructure, thus the demand for substation automation products and solutions for national grid projects are likely to shrink.   

Browse 84 market data Tables and 50 Figures spread through 275 Pages and in-depth TOC on " Substation Automation and Integration Market by Offering (Hardware (Reclose Controllers, Programmable Logical Controllers, Capacitor Banks, Smart Meters, Load Tap Changers, Digital Relays, Fiber-Optic Cables, and Others), Software (Production Management Software, Asset Management Software, and Performance Management Software), and Services (Installation and Commissioning, Up-Gradation and Retrofitting, and Testing, Repair, and Maintenance)), by Type (Transmission Substation and Distribution Substation), by Installation Type (New Installation and Retrofit Installation), by Component (IEDs (Intelligent Electronic Devices), Communication Networks, and SCADA Systems), by Communication (Ethernet, Power Line Communication, Copper Wire, and Optic Fiber), by End-User Industry (Utilities, Steel, Oil & Gas, Mining, Transportation, and Others), and Region - Global Forecast to 2030"

Substation automation market for the mining industry is anticipated to witness the fastest-growing segment, by end-user industry.

Based on the end-user industry, the mining industry is anticipated to be the fastest-growing segment as it focuses on modernizing substation automation solutions to effectively manage digital data. Mining companies are using substation automation to have critical information about energy consumption and establish energy-efficient policies, thus increasing productivity and reducing energy wastage.

Global Substation Automation and Integration Market Segmentation Analysis

Segment	Categorization	Leading Category
Offering	Hardware (Reclose Controllers, Programmable Logical Controllers, Capacitor Banks, Smart Meters, Load Tap Changers, Digital Relays, Fiber-Optic Cables, and Others), Software (Production Management Software, Asset Management Software, and Performance Management Software), and Services (Installation and Commissioning, Up-Gradation and Retrofitting, and Testing, Repair, and Maintenance)	Hardware (Largest)
Type	Transmission Substation and Distribution Substation	Transmission Substation (Largest)
Installation Type	New Installation and Retrofit Installation	New Installation (High CAGR)
Component	IEDs (Intelligent Electronic Devices), Communication Networks, and SCADA Systems	IEDs (Intelligent Electronic Devices) (Significant Growth)
Communication	Ethernet, Power Line Communication, Copper Wire, and Optic Fiber	Copper Wire (High CAGR)
End-User Industry	Utilities, Steel, Oil & Gas, Mining, Transportation, and Others	Utilities (Largest)
Region	North America, Europe, Asia-Pacific, and Rest of the World	North America (Largest) Asia-Pacific (Fastest)

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“North America to hold the largest regional market share during 2023-2030.”

North America is anticipated to witness the largest market share in the substation automation and integration market during 2023-2030 as it is the lucrative market for substation-related projects in industries like utilities, renewable energy, and oil & gas. Utilities in North America focuses on building next-generation distribution and transmission infrastructure and snowballing the adoption of renewable sources for power generation, especially through wind and solar projects, thus propelling the revenue growth in the substation automation market.

Some of the key players operating in the substation automation and integration market: Schweitzer Engineering Laboratories, Inc., Siemens Energy, GE, Schneider Electric, Hitachi Energy Ltd., Encore Networks, Eaton, Cisco, NovaTech, LLC, and Honeywell International Inc.

Scope of the Report

Report Metric	Details
Market Size Available for the Years in the Study	2018–2030
Historical Period	2018–2022
Base Year	2022
Forecast Period	2022–2030
Segments Covered in the Study	Offering, Type, Installation Type, Component, Communication, End-User Industry, and Region
Geographies Covered in the Study	North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)
Companies Covered in the Study	Schweitzer Engineering Laboratories, Inc., Siemens Energy, GE, Schneider Electric, Hitachi Energy Ltd., Encore Networks, Eaton, Cisco, NovaTech, LLC, and Honeywell International Inc.

Global Substation Automation and Integration Market Coverage

Offering Insight and Forecast 2018-2030

• Hardware
  • Reclose Controllers
  • Programmable Logical Controllers
  • Capacitor Banks
  • Smart Meters
  • Load Tap Changers
  • Digital Relays
  • Fiber-Optic Cables
  • Others
• Software
  • Production Management Software
  • Asset Management Software
  • Performance Management Software
• Services
  • Installation and Commissioning
  • Up-Gradation and Retrofitting
  • Testing, Repair, and Maintenance

Type Insight and Forecast 2018-2030

• Transmission Substation
• Distribution Substation

Installation Type Insight and Forecast 2018-2030

• New Installation
• Retrofit Installation

Component Insight and Forecast 2018-2030

• IEDs (Intelligent Electronic Devices)
• Communication Networks
• SCADA Systems

Communication Insight and Forecast 2018-2030

• Ethernet
• Power Line Communication
• Copper Wire
• Optic Fiber

End-User Industry Insight and Forecast 2018-2030

• Utilities
• Steel
• Oil & Gas
• Mining
• Transportation
• Others

Geographical Segmentation

Substation Automation and Integration Market by Region

North America

• By Offering
• By Type
• By Installation type
• By Component
• By Communication
• By End-User Industry
• By Country – U.S., Canada, and Mexico

Europe

• By Offering
• By Type
• By Installation type
• By Component
• By Communication
• By End-User Industry
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Offering
• By Type
• By Installation type
• By Component
• By Communication
• By End-User Industry
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Offering
• By Type
• By Installation type
• By Component
• By Communication
• By End-User Industry
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries