North America Utility Scale Digital Substation Market
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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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Utility Scale Digital Substation Market size in 2023: | USD 900 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2023 - 2032 CAGR: | 6 |
| 2023 Value Projection: | USD 1.6 billion |
| Historical Data for: | 2021 - 2023 |
| No of Pages: | 60 |
| Tables, Charts & Figures: | 10 |
| Segments Covered: | Component, Architecture, Voltage Level and Installation |
| Growth Drivers: |
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| Pitfalls Challenges: |
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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.
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.
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.
Major key players operating across the North America utility scale digital substation industry are:
Market, By Component
Market, By Architecture
Market, By Voltage Level
Market, By Installation
The above information has been provided for the following countries:
GE Grid Solutions, LLC, Hitachi Energy Ltd., iGrid T&D, Rockwell Automation, Inc., Siemens, and SIFANG, among others.
The U.S. utility-scale digital substation industr is projected to surpass USD 1.3 billion by 2032, fueled by the surging demand for sophisticated grid infrastructure.
The market size of North America utility scale digital substation was worth over USD 900 million in 2023 and will exhibit a 6% CAGR from 2024 to 2032, driven by the increasing demand for advanced grid infrastructure to support renewable energy integration and enhance grid reliability.
New digital substations will experience over7% CAGR through 2032, driven by the increasing demand for advanced grid infrastructure to support renewable energy integration and smart grid technologies.