Substation automation sector projected to reach USD 82 billion by 2035
Market analysts forecast a 6.5% CAGR as Tier-1 OEMs like Hitachi Energy and Siemens Energy consolidate 55% of global revenue.
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The global substation automation market is entering an intensive growth phase, projected to rise from USD 43.98 billion in 2025 to USD 82.56 billion by 2035. This commercial surge is driven by the urgent requirement to modernise ageing grid assets and integrate distributed energy resources (DERs). Currently, a “Big Four” group consisting of Hitachi Energy, Siemens Energy, GE Vernova, and Schneider Electric controls approximately 55% of the market. The report highlights that commercial success is increasingly tied to “secure-by-design” digital twins and virtualised protection and control (P&C) systems. For MarComs managers, the narrative has shifted from hardware reliability to “Grid Resilience” and “AI-enabled Asset Performance Management” as primary value propositions.
Source: GlobeNewswire
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#digitalisation#GE Vernova#Grid modernisation#Hitachi Energy#M&A#Market Forecast#Revenue Growth#smart grid#Substation automation#Tier-1 OEMs