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Premium Report Details
Base Year: 2024
Companies covered: 16
Tables & Figures: 20
Countries covered: 21
Pages: 120
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Utility Scale Digital Substation Market
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Utility Scale Digital Substation Market Size
The global utility scale digital substation market was valued at USD 3.9 billion in 2024 and is estimated to reach the value of USD 7.6 billion by 2034, growing at a CAGR of 6.8% from 2025 to 2034. With an ever-increasing demand for energy and a shift towards renewable energy sources, the utility scale market is experiencing significant growth. Large-scale power generation and infrastructure, as well as the transmission and distribution of electricity caters to all components of this market.
To increase reliability and efficiency, aging power grids are receiving upgrades in the form of smart meters, automated substations, and digital monitoring systems. Smart grids allow for real-time data collection, response to demand, and even better distribution of power. Greater implementation of Advanced Metering Infrastructure (AMI) along with supervisory control and data acquisition (SCADA) systems is taking place to limit energy loss and stabilize the grid.
To accommodate the increasing demand for electricity, T&D infrastructure is being modernized by governments and utilities to better integrate renewable energy. As an example, the Canadian government is actively working towards the goal of procuring 90% of the country’s electricity from non-emitting sources by 2030, making the effort to foster the growth of solar energy. Corporations and other entities that work in commercial solar power installation projects, will benefit from a federal tax credit of 30% available from 2023-2034.
The various types of energy storage systems - including battery storage, pumped hydro, and compressed air storage, are increasingly becoming an important part of any utility-scale project. Considering the erratic qualities of renewable energy sources, large scale storage facilities preserve grid reliability and synchronization between supply and demand. The U.S. and Australia, for example, are collaborating on initiatives to create battery storage systems at the gigawatt scale.
In U.S. the Dynegy Moss Landing Power Plant Hybrid in California is currently the largest battery storage project in the US, with a capacity of 750 MW. Additionally, RWE is also developing and building battery storage projects in the US, including Crowned Heron 1 and 2, and Cartwheel, which are planned to be completed in 2025.These projects will also cerate a sharp need for the digital substations across the utility sector in coming years.
Utility Scale Digital Substation Market Trends
Utility Scale Digital Substation Market Analysis
Utility Scale Digital Substation Market Share
Top 4 companies, including ABB, General Electric, Siemens, and Schneider Electric hold more than 30% market around the world. The dominance of these companies in the utility scale digital substation industry is driven by their technological leadership, extensive global presence, strong R&D capabilities, and comprehensive product portfolios. These companies are at the forefront of digital substation technology, integrating IoT, AI-driven analytics, cloud computing, and automation to enhance grid efficiency and reliability.
Utility Scale Digital Substation Market Companies
Major players operating in the utility scale digital substation market are:
Utility Scale Digital Substation Industry News
This utility scale digital substation market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:
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Market, By Component
Market, By Architecture
Market, By Voltage
Market, By Installation
The above information has been provided for the following Regions and countries: