Published by mark itwired
Posted on September 17, 2021
4 min readLast updated: February 5, 2026
The substation automation market is set to grow at 5.5% CAGR from 2021 to 2031, driven by smart grid investments and renewable energy projects, despite challenges like high costs and COVID-19 impacts.
The global substation automation market is projected to rise at a steady CAGR of approximately 5.5% CAGR in the forecast period from 2021 to 2031. Extensive power production and distribution applications in a wide range of industries including electrical, electronics, and mining are key contributors to market growth. Also, rising government investments towards upgrades and retrofitting of older substation facilities for improved operational efficiency will contribute to long term growth.
“The growth of the substation automation market can be attributed to the rising penetration of substation data analytics. The industry is witnessing an increased focus on transmission and distribution to upgrade the aging power infrastructure in multiple countries around the globe. Moreover, the utilities sector is generating emphasis on enterprise-based, real-time data to gain reliable information, for improved management of assets and information, supporting long term developments,” says the FMI study.
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Substation Automation Market – Leading Takeaways
Substation Automation Market – Growth Factors
Substation Automation Market – Constraints
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Expected Impact on Market by Coronavirus Outbreak
The covid-19 pandemic had an adverse impact on the substation automation market. Disruptions to supply chains for essential raw materials and components have limited growth in the market during the crisis. Further, lockdown restrictions and social distancing guidelines in multiple end use industries.
In addition, government expenditure has been redirected towards the healthcare sector during the pandemic, slowing down the adoption of substation automation systems. However, with the gradual relaxation of regulations and international trade the industry is projected to display steady recovery through 2021, which is likely to continue in the coming decade.
Competition Landscape
Some of the leading manufacturers participating in the fragmented substation automation market include Siemens AG, Echelon Corporation, Eaton Corporation plc, Encore Networks Inc., Alstom SA, ABB Limited, Schneider Electric SE, General Electric Company, NovaTech LLC, and Cisco Systems Inc.
Leading players in the substation automation market are largely focused on seeking large scale contracts for new installations, upgrades, and retrofitting with end user organizations in an effort to set up sustainable streams of revenue.
In February 2021, the Power Transmission & Distribution arm of Larsen and & Toubro secured 400 MW solar photovoltaic projects in Gujarat, India including associated transformers, substation, automation systems, reactors, switchgear, and more. Lixon has also won a substation order supporting transition in the German energy sector including a 380-kilovolt kV facility which will replace a 220 kV substation with new GIS bays, control and protection systems, double-busbar, measurement and telecom systems, and substation automation. In March 2021, Hitachi ABB gained a project with Bharat Aluminum Company for its Korba plant with a 400 kV gas-insulated switchgear substations with MicroSCADA automation solutions for maximum power availability.
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More on the Report
In its report, FMI’s has provided in-depth insights on the substation automation market. The market is segmented in terms of automation type (transmission substations and distribution substations), and end user (electrical & electronics, transportation, oil & gas, and utility), across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).
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The post Smart Grind Infrastructure Development Investments Provide Impetus to Substation Automation Market first appeared on Market Research Blog.
The article discusses the growth of the substation automation market driven by smart grid investments and renewable energy projects.
Key factors include government investments in smart grid infrastructure and advancements in SCADA technologies.
High costs of power grid upgrades and poor coordination across organizations are major challenges.
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