Digital Substation Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War
The global digital substation market is expected to grow at a CAGR of around 7.6% during 2025-2034. This report on global digital substation market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global digital substation market by segmenting the market based on module, type, voltage, installation type, end user and region. Also, detailed profiles of companies operating in the digital substation market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Growing Smart Grid Networks
• Increased Electricity Demand
Market Challenges
• Limited Technological Improvement in Developing Countries
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Module
• Hardware
• Fiber-optic Communication Networks
• SCADA Systems
Market by Type
• Transmission
• Distribution
Market by Installation Type
• New Installations
• Retrofit Installations
Market by Voltage
• Up to 220kV
• Up to 220kV
• 220-500kV
• Above 500kV
Market by End User
• Utility
• Heavy Industries
• Transportation
• Other End Users
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Module I
- 1.4.2 Module II
- 1.4.3 Module III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Digital Substation Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Digital Substation Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Digital Substation Market by Module
- 5.1. Introduction
- 5.2. Hardware
- 5.3. Fiber-optic Communication Networks
- 5.4. SCADA Systems
- 6. Global Digital Substation Market by Type
- 6.1. Introduction
- 6.2. Transmission
- 6.3. Distribution
- 7. Global Digital Substation Market by Installation Type
- 7.1. Introduction
- 7.2. New Installations
- 7.3. Retrofit Installations
- 8. Global Digital Substation Market by Voltage
- 8.1. Introduction
- 8.2. Up to 220kV
- 8.3. Up to 220kV
- 8.4. 220-500kV
- 8.5. Above 500kV
- 9. Global Digital Substation Market by End User
- 9.1. Introduction
- 9.2. Utility
- 9.3. Heavy Industries
- 9.4. Transportation
- 9.5. Other End Users
- 10. Global Digital Substation Market by Region
- 10.1. Introduction
- 10.2. Europe
- 10.2.1. Germany
- 10.2.2. United Kingdom
- 10.2.3. France
- 10.2.4. Italy
- 10.2.5. Spain
- 10.2.6. Russia
- 10.2.7. Netherlands
- 10.2.8. Rest of the Europe
- 10.3. North America
- 10.3.1. United States
- 10.3.2. Canada
- 10.4. Asia Pacific
- 10.4.1. China
- 10.4.2. Japan
- 10.4.3. India
- 10.4.4. South Korea
- 10.4.5. Australia
- 10.4.6. Indonesia
- 10.4.7. Rest of the Asia Pacific
- 10.5. Latin America
- 10.5.1. Mexico
- 10.5.2. Brazil
- 10.5.3. Argentina
- 10.5.4. Rest of Latin America
- 10.6. Middle East & Africa
- 10.6.1. Saudi Arabia
- 10.6.2. Turkey
- 10.6.3. Iran
- 10.6.4. United Arab Emirates
- 10.6.5. Rest of Middle East & Africa
- 11. SWOT Analysis
- 12. Porter’s Five Forces
- 13. Market Value Chain Analysis
- 14. Competitive Landscape
- 14.1. Competitive Scenario
- 14.2. Company Profiles
- 14.2.1. ABB
- 14.2.2. Cadillac Automation and Controls
- 14.2.3. Cisco Systems
- 14.2.4. Eato
- 14.2.5. Emerson
- 14.2.6. General Electric
- 14.2.7. Honeywell
- 14.2.8. Igrid T&D
- 14.2.9. I-Tor
- 14.2.10. Larsen & Toubro
- 14.2.11. NR Electric
- 14.2.12. Schneider Electric
- 14.2.13. Siemens
- 14.2.14. Tekve
- 14.2.15. Yamal LNG
- List of Figures
- Figure 1: Global Digital Substation Market (in US$ Million), 2020-2024
- Figure 2: Global Digital Substation Market by Module, 2024
- Figure 3: Global Digital Substation Market by Type, 2024
- Figure 4: Global Digital Substation Market by Installation Type, 2024
- Figure 5: Global Digital Substation Market by Voltage, 2024
- Figure 6: Global Digital Substation Market by End User, 2024
- Figure 7: Global Digital Substation Market by Region, 2024
- Figure 8: Global Digital Substation Market (in US$ Million), 2025-2034
- Figure 9: Global Digital Substation Market by Module (in %), 2024 & 2034
- Figure 10: Global Hardware Digital Substation Market (in US$ Million), 2020-2024
- Figure 11: Global Hardware Digital Substation Market (in US$ Million), 2025-2034
- Figure 12: Global Fiber-optic Communication Networks Digital Substation Market (in US$ Million), 2020-2024
- Figure 13: Global Fiber-optic Communication Networks Digital Substation Market (in US$ Million), 2025-2034
- Figure 14: Global SCADA Systems Digital Substation Market (in US$ Million), 2020-2024
- Figure 15: Global SCADA Systems Digital Substation Market (in US$ Million), 2025-2034
- Figure 16: Global Digital Substation Market by Type (in %), 2024 & 2034
- Figure 17: Global Transmission Digital Substation Market (in US$ Million), 2020-2024
- Figure 18: Global Transmission Digital Substation Market (in US$ Million), 2025-2034
- Figure 19: Global Distribution Digital Substation Market (in US$ Million), 2020-2024
- Figure 20: Global Distribution Digital Substation Market (in US$ Million), 2025-2034
- Figure 21: Global Digital Substation Market by Installation Type (in %), 2024 & 2034
- Figure 22: Global New Installations Digital Substation Market (in US$ Million), 2020-2024
- Figure 23: Global New Installations Digital Substation Market (in US$ Million), 2025-2034
- Figure 24: Global Retrofit Installations Digital Substation Market (in US$ Million), 2020-2024
- Figure 25: Global Retrofit Installations Digital Substation Market (in US$ Million), 2025-2034
- Figure 26: Global Digital Substation Market by Voltage (in %), 2024 & 2034
- Figure 27: Global Up to 220kV Digital Substation Market (in US$ Million), 2020-2024
- Figure 28: Global Up to 220kV Digital Substation Market (in US$ Million), 2025-2034
- Figure 29: Global Up to 220kV Digital Substation Market (in US$ Million), 2020-2024
- Figure 30: Global Up to 220kV Digital Substation Market (in US$ Million), 2025-2034
- Figure 31: Global 220-500kV Digital Substation Market (in US$ Million), 2020-2024
- Figure 32: Global 220-500kV Digital Substation Market (in US$ Million), 2025-2034
- Figure 33: Global Above 500kV Digital Substation Market (in US$ Million), 2020-2024
- Figure 34: Global Above 500kV Digital Substation Market (in US$ Million), 2025-2034
- Figure 35: Global Digital Substation Market by End User (in %), 2024 & 2034
- Figure 36: Global Utility Digital Substation Market (in US$ Million), 2020-2024
- Figure 37: Global Utility Digital Substation Market (in US$ Million), 2025-2034
- Figure 38: Global Heavy Industries Digital Substation Market (in US$ Million), 2020-2024
- Figure 39: Global Heavy Industries Digital Substation Market (in US$ Million), 2025-2034
- Figure 40: Global Transportation Digital Substation Market (in US$ Million), 2020-2024
- Figure 41: Global Transportation Digital Substation Market (in US$ Million), 2025-2034
- Figure 42: Global Other End Users Digital Substation Market (in US$ Million), 2020-2024
- Figure 43: Global Other End Users Digital Substation Market (in US$ Million), 2025-2034
- Figure 44: Global Digital Substation Market by Region (in %), 2024 & 2034
- Figure 45: Europe Digital Substation Market (in US$ Million), 2020-2024
- Figure 46: Europe Digital Substation Market (in US$ Million), 2025-2034
- Figure 47: Europe Digital Substation Market by Country (in %), 2024 & 2034
- Figure 48: Germany Digital Substation Market (in US$ Million), 2020-2034
- Figure 49: United Kingdom Digital Substation Market (in US$ Million), 2020-2034
- Figure 50: France Digital Substation Market (in US$ Million), 2020-2034
- Figure 51: Italy Digital Substation Market (in US$ Million), 2020-2034
- Figure 52: Spain Digital Substation Market (in US$ Million), 2020-2034
- Figure 53: Russia Digital Substation Market (in US$ Million), 2020-2034
- Figure 54: Netherlands Digital Substation Market (in US$ Million), 2020-2034
- Figure 55: North America Digital Substation Market (in US$ Million), 2020-2024
- Figure 56: North America Digital Substation Market (in US$ Million), 2025-2034
- Figure 57: North America Digital Substation Market by Country (in %), 2024 & 2034
- Figure 58: United States Digital Substation Market (in US$ Million), 2020-2034
- Figure 59: Canada Digital Substation Market (in US$ Million), 2020-2034
- Figure 60: Asia Pacific Digital Substation Market (in US$ Million), 2020-2024
- Figure 61: Asia Pacific Digital Substation Market (in US$ Million), 2025-2034
- Figure 62: Asia Pacific Digital Substation Market by Country (in %), 2024 & 2034
- Figure 63: China Digital Substation Market (in US$ Million), 2020-2034
- Figure 64: Japan Digital Substation Market (in US$ Million), 2020-2034
- Figure 65: India Digital Substation Market (in US$ Million), 2020-2034
- Figure 66: South Korea Digital Substation Market (in US$ Million), 2020-2034
- Figure 67: Australia Digital Substation Market (in US$ Million), 2020-2034
- Figure 68: Indonesia Digital Substation Market (in US$ Million), 2020-2034
- Figure 69: Latin America Digital Substation Market (in US$ Million), 2020-2024
- Figure 70: Latin America Digital Substation Market (in US$ Million), 2025-2034
- Figure 71: Latin America Digital Substation Market by Country (in %), 2024 & 2034
- Figure 72: Mexico Digital Substation Market (in US$ Million), 2020-2034
- Figure 73: Brazil Digital Substation Market (in US$ Million), 2020-2034
- Figure 74: Argentina Digital Substation Market (in US$ Million), 2020-2034
- Figure 75: Middle East & Africa Digital Substation Market (in US$ Million), 2020-2024
- Figure 76: Middle East & Africa Digital Substation Market (in US$ Million), 2025-2034
- Figure 77: Middle East & Africa Digital Substation Market by Country (in %), 2024 & 2034
- Figure 78: Saudi Arabia Digital Substation Market (in US$ Million), 2020-2034
- Figure 79: Turkey Digital Substation Market (in US$ Million), 2020-2034
- Figure 80: Iran Digital Substation Market (in US$ Million), 2020-2034
- Figure 81: UAE Digital Substation Market (in US$ Million), 2020-2034
- Figure 82: Market Value Chain
- List of Tables
- Table 1: Global Digital Substation Market Portraiture
- Table 2: Global Digital Substation Market by Module (in US$ Million), 2024 & 2034
- Table 3: Global Digital Substation Market by Type (in US$ Million), 2024 & 2034
- Table 4: Global Digital Substation Market by Installation Type (in US$ Million), 2024 & 2034
- Table 5: Global Digital Substation Market by Voltage (in US$ Million), 2024 & 2034
- Table 6: Global Digital Substation Market by End User (in US$ Million), 2024 & 2034
- Table 7: Global Digital Substation Market by Region (in US$ Million), 2024 & 2034
- Table 8: Europe Digital Substation Market by Country (in US$ Million), 2024 & 2034
- Table 9: North America Digital Substation Market by Country (in US$ Million), 2024 & 2034
- Table 10: Asia Pacific Digital Substation Market by Country (in US$ Million), 2024 & 2034
- Table 11: Latin America Digital Substation Market by Country (in US$ Million), 2024 & 2034
- Table 12: Middle East & Africa Digital Substation Market by Country (in US$ Million),
- 2024 & 2034
- Table 13: List of Key Players
Research Assistance
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