North America Low Voltage Digital Substation Market Size

North America Low Voltage Digital Substation Market was valued at USD 366.5 million in 2023 and is expected to grow at a CAGR of 6.6% from 2024 to 2032, due to the increasing demand for modernized and efficient power distribution systems. As utilities transition to smart grids, digital substations enhance system reliability, reduce operational costs, and improve real-time monitoring and control. The integration of renewable energy sources, urbanization, and the need for grid decentralization further drive demand.

Advancements in communication technologies, such as the Internet of Things (IoT) and advanced automation, support the digital transformation of substations. Government initiatives, like the U.S. Department of Energy's recent USD 65 million investment in grid modernization, promote energy efficiency, infrastructure upgrades, and stringent regulations on energy distribution and safety standards, significantly boosting investment in low voltage digital substations across North America.

North America Low Voltage Digital Substation Market Trends

North American low voltage digital substation market is driven by several key trends. These include the integration of advanced automation and IoT technologies for improved monitoring and maintenance, adoption of digital substations for smart grid transition, increased demand for managing decentralized power generation from renewable sources, shift to modular and compact designs for faster installation, and heightened focus on cybersecurity. The U.S. Department of Energy reports that digital substation technologies can reduce outage duration by up to 30%, underscoring their significant impact on grid reliability and operational efficiency. This statistic highlights the growing importance of digital substations in modernizing power infrastructure and improving overall system performance.

North America Low Voltage Digital Substation Market Analysis

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The industrial end user segment is set to reach USD 370 million by 2032, driven by automation, energy management needs, and renewable integration. Companies are embracing these substations to boost efficiency, ensure reliable power, and cut downtime. Smart grid demand, better communication networks, and infrastructure investments fuel this growth. These substations are transforming how industries manage power, offering smarter, more efficient solutions. As businesses seek to modernize and optimize their operations, digital substations are becoming a key part of their energy strategy, promising a more reliable and sustainable power future.

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New installations segment is projected to witness more than 7.5% CAGR through 2032, fuelled by the demand for modern power infrastructure, renewable energy expansion, and smart grid development. Urbanization, industrial automation, and government initiatives to upgrade aging electrical grids are also contributing factors. New digital substations offer enhanced reliability, real-time monitoring, and improved energy efficiency, making them attractive for modernizing power systems. As a result, the market for new installations is experiencing robust expansion across the region, meeting the evolving needs of the power sector.

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The U.S. low voltage digital substation market is likely to exceed USD 540 million by 2032, driven by power grid modernization investments, smart grid technology integration, and renewable energy adoption. Industrial automation, urbanization, and government initiatives focusing on grid resilience and carbon emission reduction further fuel this growth. The U.S. Department of Energy's Grid Modernization Initiative, which has invested over USD 220 million in projects since 2016, exemplifies the government's commitment to enhancing grid infrastructure.

Digital technologies like IoT and real-time monitoring systems are transforming substations, improving operational efficiency and reducing maintenance costs. These advancements, coupled with the need for efficient management of decentralized power generation, are propelling the market's expansion in the United States.

North America Low Voltage Digital Substation Market Share

General Electric holds a significant share in the North America low voltage digital substation industry, driven by its advanced digital solutions and expertise in power grid modernization. GE's innovative technologies, such as real-time monitoring, automation, and IoT integration, make its digital substations essential for optimizing energy distribution. The company's strong presence supports its leadership in the region’s growing digital substation sector.

North America Low Voltage Digital Substation Market Companies

Major key players operating across North America low voltage digital substation industry are:

• ABB
• Cisco
• CG Power & Industrial Solutions
• Efacec
• Eaton
• Emerson Electric
• General Electric
• Hitachi Energy
• Igrid T&D
• NR Electric
• One Energy Enterprises
• Rockwell Automation
• Siemens
• SIFANG
• Schneider Electric
• Texas Instruments
• Tekvel
• WEG
  

North America Low Voltage Digital Substation Industry News

• In March 2024, WEG successfully energized a digital substation for energy transmission, highlighting its commitment to modernizing power infrastructure. The digital substation, equipped with advanced automation and monitoring technologies, enhances energy distribution reliability and efficiency. This project marks a significant step in WEG’s contribution to smart grid development, providing real-time data and improving system performance. The innovative solution also supports the growing demand for sustainable and efficient power systems in energy transmission.
  

This North America low voltage digital substation market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:

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Market, By Component

• Substation automation system
• Communication network
• Electrical system
• Monitoring & control system
• Others

Market, By Architecture

• Process
• Bay
• Station

Market, By End Use

• Utility
• Industrial

Market, By Installation

• New
• Refurbished

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico