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High Voltage Digital Substation Market Size

  • Report ID: GMI9752
  • Published Date: Jun 2024
  • Report Format: PDF

High Voltage Digital Substation Market Size

High Voltage Digital Substation Market was valued at USD 727 million in 2023 and is projected to grow at a CAGR of 9.9% from 2024 to 2032. The global shift towards smart grids and renewable energy integration necessitates advanced substation solutions that offer real-time monitoring, enhanced reliability, and improved operational efficiency. As per IEA, in 2022, renewable energy sources such as solar, wind, hydro, geothermal, and ocean saw an increase of nearly 8%. This growth boosted their share in the total global energy supply by approximately 0.4 percentage points, bringing it to 5.5%.


Digital substations support the automation and digitalization of power infrastructure, enabling utilities to manage and control the grid more effectively. Regulatory mandates for energy efficiency and grid modernization further propel market expansion. Additionally, technological advancements in IoT, AI, and communication systems are enhancing the capabilities and adoption of digital substations across utilities and industries worldwide.


Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of high voltage digital substation was reached USD 727 million in 2023 and will grow at 9.9% CAGR between 2024 and 2032, due to the increasing focus on renewable energy integration and grid modernization initiatives worldwide.

High voltage digital substation from the utility segment will record 9% CAGR through 2032, driven by pivotal role in power distribution and management.

Asia Pacific high voltage digital substation industry size will surpass USD 600 million by 2032, attributed to rapid urbanization, burgeoning industrialization, and robust infrastructural development initiatives.

ABB, Belden Inc., Cisco Systems, Inc., Eaton, General Electric, Hubbell, Hitachi Energy, Locamation, Larson & Toubro Limited, and NR Electric Co. Ltd., among others.

High Voltage Digital Substation Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 20
  • Countries covered: 19
  • Pages: 110
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