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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

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    Report

  • 135 Pages
  • January 2025
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6048956
The North America Substation Automation Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $15.97 billion by 2031. The Canada market is experiencing a CAGR of 7.6% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 6.8% during 2024-2031.



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.

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.

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

Table of Contents

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

Companies Mentioned

  • 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.

Methodology

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