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Substation Automation and Integration Market Share

Report ID: GMI9400
Published Date: May 2024
Report Format: PDF

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Substation Automation and Integration Market Share

Schneider Electric SE and Siemens AG held a significant share of over 10% in the market in 2023. ABB Ltd is a global leader in technology that helps customers in utilities, industry, and transport and infrastructure to improve their performance while lowering environmental impact. In the substation automation and integration industry, ABB offers a wide range of solutions including advanced control systems, intelligent devices, communication technologies, and software platforms for efficient and reliable operation of substations.

Siemens AG is a key player in the substation automation & integration market, offering comprehensive solutions for modernizing power infrastructure. Its portfolio includes advanced automation systems, control components, and software solutions tailored for substations. Siemens provides end-to-end solutions encompassing digitalization, cybersecurity, and grid optimization, ensuring efficient energy management and reliable power distribution.

Substation Automation and Integration Market Companies

Major players operating in the industry are:

ABB Limited
Alstom SA
Cisco Systems Inc.
Eaton Corporation
General Electric Co
Schneider Electric SE
Siemens AG

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for substation automation and integration crossed USD 40 billion in 2023 and is expected to register over 5% CAGR from 2024-2032 owing to the increasing demand for reliable power distribution infrastructure worldwide.

Substation automation and integration industry from the software segment is expected to register over 7% CAGR from 2024-2032 due to enabling operators to promptly detect and respond to issues in substations, ensuring uninterrupted power supply and enhancing operational efficiency.

North America industry held over 25% share in 2023 due to increasing investments in modernizing the aging power infrastructure, coupled with government initiatives promoting grid reliability and sustainability in the region.

ABB Limited, Alstom SA, Cisco Systems Inc., Eaton Corporation, General Electric Co, Schneider Electric SE, and Siemens AG, are some of the major substation automation and integration companies worldwide.