North America Utility Scale Digital Substation Market Size - By Component, By Architecture (Process, Bay, Station), By Voltage Level (Low, Medium, High), By Installation (New, Refurbished), Country Outlook & Forecast, 2024 – 2032

North America Utility Scale Digital Substation Market Size

North America Utility Scale Digital Substation Market was valued at USD 900 million in 2023 and is likely to register 6% CAGR from 2024 to 2032, driven by the increasing demand for advanced grid infrastructure to support renewable energy integration and enhance grid reliability. In 2022, renewable energy sources such as wind and solar accounted for about 15% of electricity generation in the United States, while in Canada, they represented roughly 6.6% of the electricity generation mix.
 

The rise in smart grid technologies and the need for real-time data monitoring and control are also fuelling growth. Additionally, government initiatives and investments aimed at modernizing electrical grids to improve efficiency and reduce outages contribute to the market's positive outlook. Technological advancements in digital substation components and systems further support the market's expansion, ensuring greater performance and operational benefits.
 

North America Utility Scale Digital Substation Market Trends

The North American utility-scale digital substation industry is witnessing several key trends. There is a growing emphasis on integrating advanced digital technologies to enhance grid reliability and efficiency, driven by the increasing adoption of renewable energy sources and the need for smart grid solutions. The market is seeing rising investments in digital substations that offer real-time monitoring, improved data analytics, and automation capabilities.
 

Additionally, there is a push towards modernizing existing infrastructure to accommodate new energy demands and improve overall operational performance. Government policies and funding aimed at upgrading electrical grids and supporting clean energy transitions are further accelerating market growth. Technological advancements in digital substation components are also enhancing system reliability and performance.
 

North America Utility Scale Digital Substation Market Analysis

The electrical systems segment is projected to exceed USD 500 million by 2032. Key drivers include the increasing integration of renewable energy sources, which demands more advanced grid management solutions, and the push for smarter, more efficient grid infrastructure. Additionally, government initiatives promoting grid modernization and investments in advanced automation technologies are accelerating market expansion. The need for real-time monitoring and improved reliability further propels the demand for digital substations.
 

The new digital substations segment is expected to grow at a CAGR of 7% through 2032, driven by the increasing demand for advanced grid infrastructure to support renewable energy integration and smart grid technologies. New substations offer enhanced capabilities such as improved automation, real-time data analytics, and greater operational efficiency. Additionally, government initiatives and funding aimed at modernizing electrical grids and improving system reliability are accelerating the adoption of new digital substations. Technological advancements that provide superior performance and scalability further support their growing market presence.
 

The U.S. utility-scale digital substation market is projected to surpass USD 1.3 billion by 2032. This robust growth is fuelled by the surging demand for sophisticated grid infrastructure, essential for integrating renewable energy sources and bolstering grid reliability. The transition to smart grids, coupled with the urgency for real-time monitoring and automation, further amplifies this demand. Technological innovations in digital substation components, notably in data analytics and automation systems, are pivotal to this expansion. As the U.S. pivots towards cleaner and more resilient energy systems, the appetite for state-of-the-art digital substations is poised to surge.
 

North America Utility Scale Digital Substation Market Share

ABB holds a significant share in the North American utility-scale digital substation market due to its advanced technology and comprehensive solutions. Known for its innovative digital substation components and systems, ABB enhances grid reliability and efficiency. The company's extensive experience and strong market presence contribute to its leading position in this growing sector.
 

North America Utility Scale Digital Substation Market Companies

Major key players operating across the North America utility scale digital substation industry are:

• ABB
• Cisco
• Efacec
• Emerson Electric Co.
• Eaton
• GE Grid Solutions, LLC
• Hitachi Energy Ltd.
• iGrid T&D
• Rockwell Automation, Inc.
• Siemens
• SIFANG
• Schneider Electric
• Texas Instruments Incorporated
• WEG
   

North America Utility Scale Digital Substation Industry News

• In February 2024, ABB unveiled its cutting-edge SSC600 software, tailored for Smart Substation Control and Protection. With customizable hardware options and robust protection features, this innovation promises to transform grid management practices and bolster the reliability of power distribution systems.
   
• Hitachi Energy rolled out its advanced service initiative, Reliability Space, in November 2021. Aimed at enhancing the reliability and sustainability of substations, this program leverages digital tools for comprehensive insights and expert evaluations. Such capabilities allow for a meticulous assessment of a substation's condition and potential vulnerabilities. Armed with this knowledge, stakeholders can make strategic decisions, ensuring operations remain consistent and trustworthy. The overarching goal is to protect vital investments, furnish stakeholders with critical insights, and elevate both the reliability and sustainability of substations through judicious decision-making.
   

This North America utility scale 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 Voltage Level

• Low
• Medium
• High

Market, By Installation

• New
• Refurbished

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico