Report cover image

North America High Voltage Digital Substation Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032

Publisher Global Market Insights
Published Sep 18, 2024
Length 60 Pages
SKU # GMI19310016

Description

North America High Voltage Digital Substation Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032


North America High-Voltage Digital Substation Market is poised for significant growth, with a valuation of USD 191.6 million in 2023 and an expected CAGR of 8.8% from 2024 to 2032. This expansion is largely driven by increasing demands for reliable power transmission, the push for greater grid efficiency, and various government efforts to upgrade infrastructure. As power grids across the region modernize, digital substations are essential in ensuring that utilities can meet the growing energy needs, particularly with the increasing integration of renewable energy sources.

The rising adoption of smart grid technologies and digital solutions to enhance grid management, real-time monitoring, and fault detection are key drivers of this market. These technologies help optimize the performance and reliability of power grids, making high-voltage digital substations crucial for the future of energy distribution in North America. Moreover, utilities are transitioning toward these advanced solutions as they look to upgrade aging infrastructure, which is critical for accommodating renewable energy sources and improving overall power quality.

The utility sector in particular is witnessing a surge in digital substation adoption, with projections suggesting the market could surpass USD 230 million by 2032. The demand for modernized grid infrastructure is largely being fueled by efforts to enhance energy management and reduce transmission losses. Furthermore, the increasing focus on cybersecurity and the need for automated fault detection systems is accelerating the shift towards digital substations across the region.

The growth of the North American high-voltage digital substation market is also being supported by new installations, which are expected to drive a CAGR of over 10% by 2032. These installations are critical for building advanced grid infrastructure that supports the integration of renewable energy and strengthens power reliability. The push for real-time monitoring and the ability to reduce transmission losses continues to propel the demand for these technologies.

In the U.S., the high-voltage digital substation market is set to exceed USD 345 million by 2032. This growth is primarily attributed to efforts aimed at grid modernization and the rising need for renewable energy integration. Utilities are leveraging digital technologies to boost operational efficiency, improve grid reliability, and enhance energy resilience, all of which are critical in the evolving energy landscape of North America.

Table of Contents

60 Pages
Report Content
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Industry Insights
2.1 Industry ecosystem analysis
2.2 Regulatory landscape
2.3 Industry impact forces
2.3.1 Growth drivers
2.3.2 Industry pitfalls & challenges
2.4 Growth potential analysis
2.5 Porter's analysis
2.5.1 Bargaining power of suppliers
2.5.2 Bargaining power of buyers
2.5.3 Threat of new entrants
2.5.4 Threat of substitutes
2.6 PESTEL analysis
Chapter 3 Competitive landscape, 2023
3.1 Strategic outlook
3.2 Innovation & sustainability landscape
Chapter 4 Market Size and Forecast, By Component, 2021 – 2032 (USD Million)
4.1 Key trends
4.2 Substation automation system
4.3 Communication network
4.4 Electrical system
4.5 Monitoring and control system
4.6 Others
Chapter 5 Market Size and Forecast, By Architecture, 2021 – 2032 (USD Million)
5.1 Key trends
5.2 Process
5.3 Bay
5.4 Station
Chapter 6 Market Size and Forecast, By End Use, 2021 – 2032 (USD Million)
6.1 Key trends
6.2 Utility
6.3 Industrial
Chapter 7 Market Size and Forecast, By Installation, 2021 – 2032 (USD Million)
7.1 Key trends
7.2 New
7.3 Refurbished
Chapter 8 Market Size and Forecast, By Region, 2021 – 2032 (USD Million)
8.1 Key trends
8.2 U.S.
8.3 Canada
8.4 Mexico
Chapter 9 Company Profiles
9.1 ABB
9.2 Cisco
9.3 CG Power & Industrial Solutions
9.4 Eaton
9.5 Efacec
9.6 Emerson Electric
9.7 GE
9.8 Hitachi Energy
9.9 iGrid T&D
9.10 NR Electric
9.11 One Energy Enterprises
9.12 Rockwell Automation
9.13 Siemens
9.14 SIFANG
9.15 Schneider Electric
9.16 Texas Instruments
9.17 Tekvel
9.18 WEG

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us