Global Substation Automation Market Growth (Status and Outlook) 2025-2031

The global Substation Automation market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

A substation automation system is a collection of hardware and software components that are used to monitor and control an electrical system, both locally and remotely. A substation automation system also automates some repetitive, tedious and error-prone activities to increase the overall efficiency and productivity of the system. In this report, it includes all the components and services providers for the Substation Automation.

Asia core substation automation manufacturers include Siemens, Hitachi Energy and NARI Technology etc. The top 10 companies hold a share about 34%. China is the largest market in Asia, with a share about 53%, followed by Japan with a share about 14%.

In terms of product, hardware is the largest segment with a share about 70%. And in terms of application, the largest application is utilities with a share about 51%.

LPI (LP Information)' newest research report, the “Substation Automation Industry Forecast” looks at past sales and reviews total world Substation Automation sales in 2024, providing a comprehensive analysis by region and market sector of projected Substation Automation sales for 2025 through 2031. With Substation Automation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Substation Automation industry.

This Insight Report provides a comprehensive analysis of the global Substation Automation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Substation Automation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Substation Automation market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Substation Automation and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Substation Automation.

This report presents a comprehensive overview, market shares, and growth opportunities of Substation Automation market by product type, application, key players and key regions and countries.

Segmentation by Type:

Hardware

Software

Services

Segmentation by Application:

Utilities

Metal & Mining

Oil and Gas

Transportation

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Hitachi Energy

Siemens

GE Grid Solutions

Schneider Electric

Eaton

Toshiba

Ingeteam

Honeywell

ABB

NARI Technology

Cisco

Arteche

TAKAOKA TOKO

CG Power (Murugappa Group)

Power Automation

Schweitzer Engineering Laboratories

NovaTech Automation

Trilliant

Beijing Sifang Automation

CYG SUNRI

LS ELECTRIC

TBEA

TeslaTech

Ashida Electronics

Integrated Electronic Systems

Guodian Nanjing Automation

Dongfang Electronics

Please note: The report will take approximately 2 business days to prepare and deliver.