Our Reports
Automotive Reports Electronics & Semiconductor Telecom & IT Technology & IT Consumer Goods Healthcare Food & Beverages Chemical
Our Links
About Us Contact Us Press Release News Our Blogs

Int'l : +1(646) 832-2886 | query@kbvresearch.com

North America Substation Automation Market Size, Share & Trends Analysis Report By Type (Transmission Substation, and Distribution Substation), By Technology (New, and Retrofit), By Component, By End Use, By Country and Growth Forecast, 2024 - 2031

Published Date : 17-Jan-2025

Pages: 135

Report Format: PDF + Excel

The North America Substation Automation Market would witness market growth of 5.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Substation Automation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15,978.7 million by 2031. The Canada market is experiencing a CAGR of 7.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.8% during (2024 - 2031).

North America Substation Automation Market

This is a vital segment of modern electrical power systems, transforming how utilities manage and operate electrical substations. By utilizing advanced technologies, automation improves substations' efficiency, reliability, and safety, making them crucial for managing electrical grids. This market is growing rapidly due to the increasing demand for reliable electricity, the need for grid modernization, and advancements in automation technology.

In addition, this has far-reaching applications that cater to the operation and optimization of electrical systems. These are the backbone of substation automation. Protection systems monitor the substation for faults, while control systems manage the operational processes. Automated systems can immediately detect faults and take corrective actions, such as disconnecting affected sections, to prevent damage to the grid and ensure the continuous flow of electricity.

Mexico’s mining sector, valued at USD 3.3 billion in 2022, is a key driver of energy demand, particularly in regions where mining operations are concentrated. Precious metals, non-ferrous materials, and other mineral extraction activities require substantial energy resources. This is essential in ensuring the continuous and efficient power distribution to mining sites. In Canada, marine transportation plays a significant role in imports and exports, with over $151 billion in exports and $194 billion in imports transported via ports in 2022. The sector’s growth, contributing $1.95 billion to Canada’s GDP, drives the need for enhanced energy management systems at the ports and related infrastructure. In conclusion, expanding Mexico’s mining industry and Canada’s marine transportation sector significantly boosts the demand for these solutions.

Free Valuable Insights: The Substation Automation Market is Predict to reach USD 68.35 Billion by 2031, at a CAGR of 6.1%

Based on Type, the market is segmented into Transmission Substation, and Distribution Substation. Based on Technology, the market is segmented into New, and Retrofit. Based on Component, the market is segmented into Hardware, Services, and Software. Based on End Use, the market is segmented into Utilities, Transportation, Steel, Oil & Gas, Mining, and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Siemens AG
  • Schneider Electric SE
  • Mitsubishi Electric Corporation
  • General Electric Company
  • ABB Group
  • Emerson Electric Co.
  • Eaton Corporation plc
  • Cisco Systems, Inc.
  • Honeywell International, Inc.
  • Texas Instruments, Inc.

North America Substation Automation Market Report Segmentation

By Type

  • Transmission Substation
  • Distribution Substation

By Technology

  • New
  • Retrofit

By Component

  • Hardware
  • Services
  • Software

By End Use

  • Utilities
  • Transportation
  • Steel
  • Oil & Gas
  • Mining
  • Other End Use

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Substation Automation Market, by Type
1.4.2 North America Substation Automation Market, by Technology
1.4.3 North America Substation Automation Market, by Component
1.4.4 North America Substation Automation Market, by End Use
1.4.5 North America Substation Automation Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2023
4.2 Strategies Deployed in Substation Automation Market
4.3 Porter Five Forces Analysis

Chapter 5. North America Substation Automation Market by Type
5.1 North America Transmission Substation Market by Region
5.2 North America Distribution Substation Market by Region

Chapter 6. North America Substation Automation Market by Technology
6.1 North America New Market by Country
6.2 North America Retrofit Market by Country

Chapter 7. North America Substation Automation Market by Component
7.1 North America Hardware Market by Country
7.2 North America Services Market by Country
7.3 North America Software Market by Country

Chapter 8. North America Substation Automation Market by End Use
8.1 North America Utilities Market by Country
8.2 North America Transportation Market by Country
8.3 North America Steel Market by Country
8.4 North America Oil & Gas Market by Country
8.5 North America Mining Market by Country
8.6 North America Other End Use Market by Country

Chapter 9. North America Substation Automation Market by Country
9.1 US Substation Automation Market
9.1.1 US Substation Automation Market by Type
9.1.2 US Substation Automation Market by Technology
9.1.3 US Substation Automation Market by Component
9.1.4 US Substation Automation Market by End Use
9.2 Canada Substation Automation Market
9.2.1 Canada Substation Automation Market by Type
9.2.2 Canada Substation Automation Market by Technology
9.2.3 Canada Substation Automation Market by Component
9.2.4 Canada Substation Automation Market by End Use
9.3 Mexico Substation Automation Market
9.3.1 Mexico Substation Automation Market by Type
9.3.2 Mexico Substation Automation Market by Technology
9.3.3 Mexico Substation Automation Market by Component
9.3.4 Mexico Substation Automation Market by End Use
9.4 Rest of North America Substation Automation Market
9.4.1 Rest of North America Substation Automation Market by Type
9.4.2 Rest of North America Substation Automation Market by Technology
9.4.3 Rest of North America Substation Automation Market by Component
9.4.4 Rest of North America Substation Automation Market by End Use

Chapter 10. Company Profiles
10.1 Siemens AG
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 Schneider Electric SE (AVEVA Group PLC)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 Mitsubishi Electric Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 General Electric Company
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 ABB Group
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Geographical Expansions:
10.5.6 SWOT Analysis
10.6 Emerson Electric Co.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Eaton Corporation PLC
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 SWOT Analysis
10.8 Cisco Systems, Inc.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Product Launches and Product Expansions:
10.8.6 SWOT Analysis
10.9 Honeywell International, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Product Launches and Product Expansions:
10.9.6 SWOT Analysis
10.10. Texas Instruments, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 SWOT Analysis
TABLE 1 North America Substation Automation Market, 2020 - 2023, USD Million
TABLE 2 North America Substation Automation Market, 2024 - 2031, USD Million
TABLE 3 North America Substation Automation Market by Type, 2020 - 2023, USD Million
TABLE 4 North America Substation Automation Market by Type, 2024 - 2031, USD Million
TABLE 5 North America Transmission Substation Market by Region, 2020 - 2023, USD Million
TABLE 6 North America Transmission Substation Market by Region, 2024 - 2031, USD Million
TABLE 7 North America Distribution Substation Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Distribution Substation Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Substation Automation Market by Technology, 2020 - 2023, USD Million
TABLE 10 North America Substation Automation Market by Technology, 2024 - 2031, USD Million
TABLE 11 North America New Market by Country, 2020 - 2023, USD Million
TABLE 12 North America New Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Retrofit Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Retrofit Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Substation Automation Market by Component, 2020 - 2023, USD Million
TABLE 16 North America Substation Automation Market by Component, 2024 - 2031, USD Million
TABLE 17 North America Hardware Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Hardware Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Services Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Services Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Software Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Software Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Substation Automation Market by End Use, 2020 - 2023, USD Million
TABLE 24 North America Substation Automation Market by End Use, 2024 - 2031, USD Million
TABLE 25 North America Utilities Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Utilities Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Transportation Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Transportation Market by Country, 2024 - 2031, USD Million
TABLE 29 North America Steel Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Steel Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Mining Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Mining Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Other End Use Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Other End Use Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Substation Automation Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Substation Automation Market by Country, 2024 - 2031, USD Million
TABLE 39 US Substation Automation Market, 2020 - 2023, USD Million
TABLE 40 US Substation Automation Market, 2024 - 2031, USD Million
TABLE 41 US Substation Automation Market by Type, 2020 - 2023, USD Million
TABLE 42 US Substation Automation Market by Type, 2024 - 2031, USD Million
TABLE 43 US Substation Automation Market by Technology, 2020 - 2023, USD Million
TABLE 44 US Substation Automation Market by Technology, 2024 - 2031, USD Million
TABLE 45 US Substation Automation Market by Component, 2020 - 2023, USD Million
TABLE 46 US Substation Automation Market by Component, 2024 - 2031, USD Million
TABLE 47 US Substation Automation Market by End Use, 2020 - 2023, USD Million
TABLE 48 US Substation Automation Market by End Use, 2024 - 2031, USD Million
TABLE 49 Canada Substation Automation Market, 2020 - 2023, USD Million
TABLE 50 Canada Substation Automation Market, 2024 - 2031, USD Million
TABLE 51 Canada Substation Automation Market by Type, 2020 - 2023, USD Million
TABLE 52 Canada Substation Automation Market by Type, 2024 - 2031, USD Million
TABLE 53 Canada Substation Automation Market by Technology, 2020 - 2023, USD Million
TABLE 54 Canada Substation Automation Market by Technology, 2024 - 2031, USD Million
TABLE 55 Canada Substation Automation Market by Component, 2020 - 2023, USD Million
TABLE 56 Canada Substation Automation Market by Component, 2024 - 2031, USD Million
TABLE 57 Canada Substation Automation Market by End Use, 2020 - 2023, USD Million
TABLE 58 Canada Substation Automation Market by End Use, 2024 - 2031, USD Million
TABLE 59 Mexico Substation Automation Market, 2020 - 2023, USD Million
TABLE 60 Mexico Substation Automation Market, 2024 - 2031, USD Million
TABLE 61 Mexico Substation Automation Market by Type, 2020 - 2023, USD Million
TABLE 62 Mexico Substation Automation Market by Type, 2024 - 2031, USD Million
TABLE 63 Mexico Substation Automation Market by Technology, 2020 - 2023, USD Million
TABLE 64 Mexico Substation Automation Market by Technology, 2024 - 2031, USD Million
TABLE 65 Mexico Substation Automation Market by Component, 2020 - 2023, USD Million
TABLE 66 Mexico Substation Automation Market by Component, 2024 - 2031, USD Million
TABLE 67 Mexico Substation Automation Market by End Use, 2020 - 2023, USD Million
TABLE 68 Mexico Substation Automation Market by End Use, 2024 - 2031, USD Million
TABLE 69 Rest of North America Substation Automation Market, 2020 - 2023, USD Million
TABLE 70 Rest of North America Substation Automation Market, 2024 - 2031, USD Million
TABLE 71 Rest of North America Substation Automation Market by Type, 2020 - 2023, USD Million
TABLE 72 Rest of North America Substation Automation Market by Type, 2024 - 2031, USD Million
TABLE 73 Rest of North America Substation Automation Market by Technology, 2020 - 2023, USD Million
TABLE 74 Rest of North America Substation Automation Market by Technology, 2024 - 2031, USD Million
TABLE 75 Rest of North America Substation Automation Market by Component, 2020 - 2023, USD Million
TABLE 76 Rest of North America Substation Automation Market by Component, 2024 - 2031, USD Million
TABLE 77 Rest of North America Substation Automation Market by End Use, 2020 - 2023, USD Million
TABLE 78 Rest of North America Substation Automation Market by End Use, 2024 - 2031, USD Million
TABLE 79 Key Information – Siemens AG
TABLE 80 Key Information – Schneider Electric SE
TABLE 81 Key Information – Mitsubishi Electric Corporation
TABLE 82 Key Information – General Electric Company
TABLE 83 Key Information – ABB Group
TABLE 84 Key Information – Emerson Electric Co.
TABLE 85 Key Information – Eaton Corporation PLC
TABLE 86 Key Information – Cisco Systems, Inc.
TABLE 87 Key Information – Honeywell International, Inc.
TABLE 88 Key Information – Texas Instruments, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Substation Automation Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Substation Automation Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Substation Automation Market
FIG 6 North America Substation Automation Market share by Type, 2023
FIG 7 North America Substation Automation Market share by Type, 2031
FIG 8 North America Substation Automation Market by Type, 2020 - 2031, USD Million
FIG 9 North America Substation Automation Market share by Technology, 2023
FIG 10 North America Substation Automation Market share by Technology, 2031
FIG 11 North America Substation Automation Market by Technology, 2020 - 2031, USD Million
FIG 12 North America Substation Automation Market share by Component, 2023
FIG 13 North America Substation Automation Market share by Component, 2031
FIG 14 North America Substation Automation Market by Component, 2020 - 2031, USD Million
FIG 15 North America Substation Automation Market share by End Use, 2023
FIG 16 North America Substation Automation Market share by End Use, 2031
FIG 17 North America Substation Automation Market by End Use, 2020 - 2031, USD Million
FIG 18 North America Substation Automation Market share by Country, 2023
FIG 19 North America Substation Automation Market share by Country, 2031
FIG 20 North America Substation Automation Market by Country, 2020 - 2031, USD Million
FIG 21 Recent strategies and developments: Siemens AG
FIG 22 SWOT Analysis: Siemens AG
FIG 23 SWOT Analysis: Schneider Electric SE
FIG 24 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 25 SWOT Analysis: Mitsubishi Electric Corporation
FIG 26 SWOT Analysis: General electric Company
FIG 27 SWOT Analysis: ABB GROUP
FIG 28 Swot Analysis: EMERSON ELECTRIC CO.
FIG 29 SWOT Analysis: Eaton Corporation PLC
FIG 30 SWOT Analysis: Cisco Systems, Inc.
FIG 31 Swot analysis: Honeywell international, inc.
FIG 32 SWOT Analysis: Texas Instruments, Inc.

Purchase Full Report of
North America Substation Automation Market

Buy Now

Avail up to 60% discount on subscription plans on

SUBSCRIPTION MODEL