Digital Substation Market by Component, (Hardware, Fiber Optic Communication Network, and SCADA), Type (Transmission and Distributed Substation), Voltage (up to 220 kV, 220–550 kV, and above 550 kV) and Industry Vertical (Power Generation, Metal & Mining, Oil & Gas, Transportation & Logistics, Defense & Aerospace, Process & Manufacturing and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Digital Substation Market Outlook - 2027

The global digital substation market size is experiencing a significant growth, and is expected to grow  considerably in next few years. Digital Substation is a term used for electrical substation where operation is managed by distributed intelligent electronic devices interconnected with communication networks. Digital substations are preferred in various industries for the purpose of providing electrical energy even in case of certain defects and faults in the technical system. Various features such as reliability of operations and efficiency in operations have influenced its adoption in the end use applications. Also, the digitization of substation has resulted in ease in operations which,  has boosted its demand in the industry. Moreover, innovations by the major players in the electrical industry such as ABB, Siemens, Welotec among others drive the digital substation market demand.


As per the global digital substation market analysis, the market is segmented into component, type, voltage, industry vertical, and region. Based on component, the market is further segmented into hardware, Fiber Optic Communication Network, and SCADA. In terms of type, the market is bifurcated into transmission and distributed substation. Based on voltage, it can be categorized as, up to 220 kV, 220–550 kV, and above 550 kV. Based on industry vertical, the market is categorized as power generation, metal & mining, oil & gas, transportation & logistics, defense & aerospace, process & manufacturing and others. Geographically, the global market is divided across North America, Europe, Asia-Pacific, and LAMEA.

Digital Substation Market

Key players of the digital substation market analyzed in the research include ABB, General Electric, Siemens, Honeywell, Schneider Electric, Eaton, Cisco, Emerson, NR Electric, Welotec, and Larsen & Turbo. These players have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.

Top impacting factors:

Adoption of digital substation for generating renewable energy and providing enhanced reliability, efficiency, and safety in the power distribution and emergence of automation & higher standard of connectivity are the factors that drive the global Digital Substation market. However, higher initial investments make it difficult to replace the traditional substations which hinder the digital substation market growth. Contrarily, increased installation of digital substation in the Middle East and Asia Pacific region paves ways for future opportunities. The global Digital Substation market trends are as follows:

New product launches to flourish the market

The launch of new products that contain improved capabilities have been initiated by the leading market players. They have taken necessary steps to enhance reliability and efficiency of the same. The ABB’s IEC 61850 edition 2 digital substation is integrated with ABB’s exclusive grid automation offerings; the distribution medium is installed with 80% of fiber optic cable replacing the traditionally used copper cables for communication. 

The architecture used in digital substations reduces the size of the setup whichsaves the overall cost of construction. The ABB digital substation uses process bus to eliminate the galvanic connection between protection & control panels and the switchyard.

Adoption of digital substation for renewable energy generations

The increased demand for energy and the rapid utilization of non-renewable energy resources have turned the demand for power generation toward renewable energy resources. Furthermore, the adoption of automation in power generation, distribution and management has integrated renewable energy with digital substation. Rise in demand for energy usage from renewable resources in developed countries, in order to support sustainable development, has supplemented the market growth yet more.  

In a nutshell, digital substation is capable of efficient and reliable communication between electrical systems. The innovations by the market players have further ensured the safety of employees working under adverse conditions. In addition, the adoption of smart grid infrastructure in smart cities which utilizes the power from renewable energy drives the market growth. Simultaneously, the developing countries such as India and Brazil among others have started to generate power for renewable resources like that of solar energy which makes the most of digital substations for effective operations.  This factor has ushered in a number of digital substation market opportunities.

Key benefits of the report:

  • This study presents the analytical depiction of the global digital substation industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global digital substation market share.

  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global digital substation market growth scenario.

  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

  • The report provides a detailed global digital substation market analysis based on competitive intensity and how the competition will take shape in coming years. 


Scope of the report:

           Report Metric


  Market size available for     years


  Base year considered


  Forecast period


  Forecast units

  Value (USD)

  Segments covered

  component, type, voltage, industry vertical, and Region

  Geographies covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), LATAM (Brazil, Mexico, and the Rest of LATAM), and MEA (Dubai, UAE, Kuwait, South Africa, Nigeria and Rest of MEA).

  Companies covered

Major players analyzed include Panasonic Corporation, Honeywell International Inc., Texas Instruments Incorporated, Emerson Electric Company, ABB Ltd., NXP Semiconductors, Microchip Technology Incorporated, ABB Limited, On Semiconductor, and Maxim Integrated.


Key segments:




  • Hardware
  • Fiber Optic Communication Network


  • Transmission
  • Distributed substation


  • Upto 220 kV
  • 220–550 kV
  • above 550 kV

  Industry Vertical

  • Power generation
  • Metal & mining
  • Oil & gas
  • Transportation & logistics
  • Defense & aerospace
  • Process & manufacturing
  • Others


Questions answered in the Digital Substation Market research report:

  • What are the leading market players active in the digital substation market?

  • What the current digital substation market trends will influence the market in the next few years?

  • What are the driving factors, restraints, and opportunities in the market?

  • What are the projections for the future that would help in taking further strategic steps?

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