Global Smart Substation Market Research Report 2023

The global Smart Substation market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Smart Substation is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Smart Substation is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Smart Substation include ABB, General Electric, Siemens, Schneider Electric, Eaton and Rockwell Automation, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for Smart Substation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Substation.

The Smart Substation market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Smart Substation market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Smart Substation manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Product Definition

1.2 Smart Substation Segment by Type

1.2.1 Global Smart Substation Market Value Growth Rate Analysis by Type 2022 VS 2029

1.2.2 110 KV

1.2.3 750 KV

1.2.4 500 KV

1.2.5 220 KV

1.2.6 Other

1.3 Smart Substation Segment by Application

1.3.1 Global Smart Substation Market Value Growth Rate Analysis by Application: 2022 VS 2029

1.3.2 New

1.3.3 Refurbished

1.4 Global Market Growth Prospects

1.4.1 Global Smart Substation Production Value Estimates and Forecasts (2018-2029)

1.4.2 Global Smart Substation Production Capacity Estimates and Forecasts (2018-2029)

1.4.3 Global Smart Substation Production Estimates and Forecasts (2018-2029)

1.4.4 Global Smart Substation Market Average Price Estimates and Forecasts (2018-2029)

1.5 Assumptions and Limitations

2.1 Global Smart Substation Production Market Share by Manufacturers (2018-2023)

2.2 Global Smart Substation Production Value Market Share by Manufacturers (2018-2023)

2.3 Global Key Players of Smart Substation, Industry Ranking, 2021 VS 2022 VS 2023

2.4 Global Smart Substation Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.5 Global Smart Substation Average Price by Manufacturers (2018-2023)

2.6 Global Key Manufacturers of Smart Substation, Manufacturing Base Distribution and Headquarters

2.7 Global Key Manufacturers of Smart Substation, Product Offered and Application

2.8 Global Key Manufacturers of Smart Substation, Date of Enter into This Industry

2.9 Smart Substation Market Competitive Situation and Trends

2.9.1 Smart Substation Market Concentration Rate

2.9.2 Global 5 and 10 Largest Smart Substation Players Market Share by Revenue

2.10 Mergers & Acquisitions, Expansion

3.1 Global Smart Substation Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029

3.2 Global Smart Substation Production Value by Region (2018-2029)

3.2.1 Global Smart Substation Production Value Market Share by Region (2018-2023)

3.2.2 Global Forecasted Production Value of Smart Substation by Region (2024-2029)

3.3 Global Smart Substation Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029

3.4 Global Smart Substation Production by Region (2018-2029)

3.4.1 Global Smart Substation Production Market Share by Region (2018-2023)

3.4.2 Global Forecasted Production of Smart Substation by Region (2024-2029)

3.5 Global Smart Substation Market Price Analysis by Region (2018-2023)

3.6 Global Smart Substation Production and Value, Year-over-Year Growth

3.6.1 North America Smart Substation Production Value Estimates and Forecasts (2018-2029)

3.6.2 Europe Smart Substation Production Value Estimates and Forecasts (2018-2029)

3.6.3 China Smart Substation Production Value Estimates and Forecasts (2018-2029)

3.6.4 Japan Smart Substation Production Value Estimates and Forecasts (2018-2029)

4.1 Global Smart Substation Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029

4.2 Global Smart Substation Consumption by Region (2018-2029)

4.2.1 Global Smart Substation Consumption by Region (2018-2023)

4.2.2 Global Smart Substation Forecasted Consumption by Region (2024-2029)

4.3 North America

4.3.1 North America Smart Substation Consumption Growth Rate by Country: 2018 VS 2022 VS 2029

4.3.2 North America Smart Substation Consumption by Country (2018-2029)

4.3.3 United States

4.3.4 Canada

4.4 Europe

4.4.1 Europe Smart Substation Consumption Growth Rate by Country: 2018 VS 2022 VS 2029

4.4.2 Europe Smart Substation Consumption by Country (2018-2029)

4.4.3 Germany

4.4.4 France

4.4.5 U.K.

4.4.6 Italy

4.4.7 Russia

4.5 Asia Pacific

4.5.1 Asia Pacific Smart Substation Consumption Growth Rate by Region: 2018 VS 2022 VS 2029

4.5.2 Asia Pacific Smart Substation Consumption by Region (2018-2029)

4.5.3 China

4.5.4 Japan

4.5.5 South Korea

4.5.6 China Taiwan

4.5.7 Southeast Asia

4.5.8 India

4.6 Latin America, Middle East & Africa

4.6.1 Latin America, Middle East & Africa Smart Substation Consumption Growth Rate by Country: 2018 VS 2022 VS 2029

4.6.2 Latin America, Middle East & Africa Smart Substation Consumption by Country (2018-2029)

4.6.3 Mexico

4.6.4 Brazil

4.6.5 Turkey

5.1 Global Smart Substation Production by Type (2018-2029)

5.1.1 Global Smart Substation Production by Type (2018-2023)

5.1.2 Global Smart Substation Production by Type (2024-2029)

5.1.3 Global Smart Substation Production Market Share by Type (2018-2029)

5.2 Global Smart Substation Production Value by Type (2018-2029)

5.2.1 Global Smart Substation Production Value by Type (2018-2023)

5.2.2 Global Smart Substation Production Value by Type (2024-2029)

5.2.3 Global Smart Substation Production Value Market Share by Type (2018-2029)

5.3 Global Smart Substation Price by Type (2018-2029)

6.1 Global Smart Substation Production by Application (2018-2029)

6.1.1 Global Smart Substation Production by Application (2018-2023)

6.1.2 Global Smart Substation Production by Application (2024-2029)

6.1.3 Global Smart Substation Production Market Share by Application (2018-2029)

6.2 Global Smart Substation Production Value by Application (2018-2029)

6.2.1 Global Smart Substation Production Value by Application (2018-2023)

6.2.2 Global Smart Substation Production Value by Application (2024-2029)

6.2.3 Global Smart Substation Production Value Market Share by Application (2018-2029)

6.3 Global Smart Substation Price by Application (2018-2029)

7.1 ABB

7.1.1 ABB Smart Substation Corporation Information

7.1.2 ABB Smart Substation Product Portfolio

7.1.3 ABB Smart Substation Production, Value, Price and Gross Margin (2018-2023)

7.1.4 ABB Main Business and Markets Served

7.1.5 ABB Recent Developments/Updates

7.2 General Electric

7.2.1 General Electric Smart Substation Corporation Information

7.2.2 General Electric Smart Substation Product Portfolio

7.2.3 General Electric Smart Substation Production, Value, Price and Gross Margin (2018-2023)

7.2.4 General Electric Main Business and Markets Served

7.2.5 General Electric Recent Developments/Updates

7.3 Siemens

7.3.1 Siemens Smart Substation Corporation Information

7.3.2 Siemens Smart Substation Product Portfolio

7.3.3 Siemens Smart Substation Production, Value, Price and Gross Margin (2018-2023)

7.3.4 Siemens Main Business and Markets Served

7.3.5 Siemens Recent Developments/Updates

7.4 Schneider Electric

7.4.1 Schneider Electric Smart Substation Corporation Information

7.4.2 Schneider Electric Smart Substation Product Portfolio

7.4.3 Schneider Electric Smart Substation Production, Value, Price and Gross Margin (2018-2023)

7.4.4 Schneider Electric Main Business and Markets Served

7.4.5 Schneider Electric Recent Developments/Updates

7.5 Eaton

7.5.1 Eaton Smart Substation Corporation Information

7.5.2 Eaton Smart Substation Product Portfolio

7.5.3 Eaton Smart Substation Production, Value, Price and Gross Margin (2018-2023)

7.5.4 Eaton Main Business and Markets Served

7.5.5 Eaton Recent Developments/Updates

7.6 Rockwell Automation

7.6.1 Rockwell Automation Smart Substation Corporation Information

7.6.2 Rockwell Automation Smart Substation Product Portfolio

7.6.3 Rockwell Automation Smart Substation Production, Value, Price and Gross Margin (2018-2023)

7.6.4 Rockwell Automation Main Business and Markets Served

7.6.5 Rockwell Automation Recent Developments/Updates

8.1 Smart Substation Industry Chain Analysis

8.2 Smart Substation Key Raw Materials

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.3 Smart Substation Production Mode & Process

8.4 Smart Substation Sales and Marketing

8.4.1 Smart Substation Sales Channels

8.4.2 Smart Substation Distributors

8.5 Smart Substation Customers

9.1 Smart Substation Industry Trends

9.2 Smart Substation Market Drivers

9.3 Smart Substation Market Challenges

9.4 Smart Substation Market Restraints

11.1 Methodology/Research Approach

11.1.1 Research Programs/Design

11.1.2 Market Size Estimation

11.1.3 Market Breakdown and Data Triangulation

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Author List

11.4 Disclaimer

List of Tables

    Table 1. Global Smart Substation Market Value by Type, (US$ Million) & (2022 VS 2029)

    Table 2. Global Smart Substation Market Value by Application, (US$ Million) & (2022 VS 2029)

    Table 3. Global Smart Substation Production Capacity (K Units) by Manufacturers in 2022

    Table 4. Global Smart Substation Production by Manufacturers (2018-2023) & (K Units)

    Table 5. Global Smart Substation Production Market Share by Manufacturers (2018-2023)

    Table 6. Global Smart Substation Production Value by Manufacturers (2018-2023) & (US$ Million)

    Table 7. Global Smart Substation Production Value Share by Manufacturers (2018-2023)

    Table 8. Global Smart Substation Industry Ranking 2021 VS 2022 VS 2023

    Table 9. Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Smart Substation as of 2022)

    Table 10. Global Market Smart Substation Average Price by Manufacturers (US$/Unit) & (2018-2023)

    Table 11. Manufacturers Smart Substation Production Sites and Area Served

    Table 12. Manufacturers Smart Substation Product Types

    Table 13. Global Smart Substation Manufacturers Market Concentration Ratio (CR5 and HHI)

    Table 14. Mergers & Acquisitions, Expansion

    Table 15. Global Smart Substation Production Value by Region: 2018 VS 2022 VS 2029 (US$ Million)

    Table 16. Global Smart Substation Production Value (US$ Million) by Region (2018-2023)

    Table 17. Global Smart Substation Production Value Market Share by Region (2018-2023)

    Table 18. Global Smart Substation Production Value (US$ Million) Forecast by Region (2024-2029)

    Table 19. Global Smart Substation Production Value Market Share Forecast by Region (2024-2029)

    Table 20. Global Smart Substation Production Comparison by Region: 2018 VS 2022 VS 2029 (K Units)

    Table 21. Global Smart Substation Production (K Units) by Region (2018-2023)

    Table 22. Global Smart Substation Production Market Share by Region (2018-2023)

    Table 23. Global Smart Substation Production (K Units) Forecast by Region (2024-2029)

    Table 24. Global Smart Substation Production Market Share Forecast by Region (2024-2029)

    Table 25. Global Smart Substation Market Average Price (US$/Unit) by Region (2018-2023)

    Table 26. Global Smart Substation Market Average Price (US$/Unit) by Region (2024-2029)

    Table 27. Global Smart Substation Consumption Growth Rate by Region: 2018 VS 2022 VS 2029 (K Units)

    Table 28. Global Smart Substation Consumption by Region (2018-2023) & (K Units)

    Table 29. Global Smart Substation Consumption Market Share by Region (2018-2023)

    Table 30. Global Smart Substation Forecasted Consumption by Region (2024-2029) & (K Units)

    Table 31. Global Smart Substation Forecasted Consumption Market Share by Region (2018-2023)

    Table 32. North America Smart Substation Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (K Units)

    Table 33. North America Smart Substation Consumption by Country (2018-2023) & (K Units)

    Table 34. North America Smart Substation Consumption by Country (2024-2029) & (K Units)

    Table 35. Europe Smart Substation Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (K Units)

    Table 36. Europe Smart Substation Consumption by Country (2018-2023) & (K Units)

    Table 37. Europe Smart Substation Consumption by Country (2024-2029) & (K Units)

    Table 38. Asia Pacific Smart Substation Consumption Growth Rate by Region: 2018 VS 2022 VS 2029 (K Units)

    Table 39. Asia Pacific Smart Substation Consumption by Region (2018-2023) & (K Units)

    Table 40. Asia Pacific Smart Substation Consumption by Region (2024-2029) & (K Units)

    Table 41. Latin America, Middle East & Africa Smart Substation Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (K Units)

    Table 42. Latin America, Middle East & Africa Smart Substation Consumption by Country (2018-2023) & (K Units)

    Table 43. Latin America, Middle East & Africa Smart Substation Consumption by Country (2024-2029) & (K Units)

    Table 44. Global Smart Substation Production (K Units) by Type (2018-2023)

    Table 45. Global Smart Substation Production (K Units) by Type (2024-2029)

    Table 46. Global Smart Substation Production Market Share by Type (2018-2023)

    Table 47. Global Smart Substation Production Market Share by Type (2024-2029)

    Table 48. Global Smart Substation Production Value (US$ Million) by Type (2018-2023)

    Table 49. Global Smart Substation Production Value (US$ Million) by Type (2024-2029)

    Table 50. Global Smart Substation Production Value Share by Type (2018-2023)

    Table 51. Global Smart Substation Production Value Share by Type (2024-2029)

    Table 52. Global Smart Substation Price (US$/Unit) by Type (2018-2023)

    Table 53. Global Smart Substation Price (US$/Unit) by Type (2024-2029)

    Table 54. Global Smart Substation Production (K Units) by Application (2018-2023)

    Table 55. Global Smart Substation Production (K Units) by Application (2024-2029)

    Table 56. Global Smart Substation Production Market Share by Application (2018-2023)

    Table 57. Global Smart Substation Production Market Share by Application (2024-2029)

    Table 58. Global Smart Substation Production Value (US$ Million) by Application (2018-2023)

    Table 59. Global Smart Substation Production Value (US$ Million) by Application (2024-2029)

    Table 60. Global Smart Substation Production Value Share by Application (2018-2023)

    Table 61. Global Smart Substation Production Value Share by Application (2024-2029)

    Table 62. Global Smart Substation Price (US$/Unit) by Application (2018-2023)

    Table 63. Global Smart Substation Price (US$/Unit) by Application (2024-2029)

    Table 64. ABB Smart Substation Corporation Information

    Table 65. ABB Specification and Application

    Table 66. ABB Smart Substation Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2018-2023)

    Table 67. ABB Main Business and Markets Served

    Table 68. ABB Recent Developments/Updates

    Table 69. General Electric Smart Substation Corporation Information

    Table 70. General Electric Specification and Application

    Table 71. General Electric Smart Substation Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2018-2023)

    Table 72. General Electric Main Business and Markets Served

    Table 73. General Electric Recent Developments/Updates

    Table 74. Siemens Smart Substation Corporation Information

    Table 75. Siemens Specification and Application

    Table 76. Siemens Smart Substation Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2018-2023)

    Table 77. Siemens Main Business and Markets Served

    Table 78. Siemens Recent Developments/Updates

    Table 79. Schneider Electric Smart Substation Corporation Information

    Table 80. Schneider Electric Specification and Application

    Table 81. Schneider Electric Smart Substation Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2018-2023)

    Table 82. Schneider Electric Main Business and Markets Served

    Table 83. Schneider Electric Recent Developments/Updates

    Table 84. Eaton Smart Substation Corporation Information

    Table 85. Eaton Specification and Application

    Table 86. Eaton Smart Substation Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2018-2023)

    Table 87. Eaton Main Business and Markets Served

    Table 88. Eaton Recent Developments/Updates

    Table 89. Rockwell Automation Smart Substation Corporation Information

    Table 90. Rockwell Automation Specification and Application

    Table 91. Rockwell Automation Smart Substation Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2018-2023)

    Table 92. Rockwell Automation Main Business and Markets Served

    Table 93. Rockwell Automation Recent Developments/Updates

    Table 94. Key Raw Materials Lists

    Table 95. Raw Materials Key Suppliers Lists

    Table 96. Smart Substation Distributors List

    Table 97. Smart Substation Customers List

    Table 98. Smart Substation Market Trends

    Table 99. Smart Substation Market Drivers

    Table 100. Smart Substation Market Challenges

    Table 101. Smart Substation Market Restraints

    Table 102. Research Programs/Design for This Report

    Table 103. Key Data Information from Secondary Sources

    Table 104. Key Data Information from Primary Sources

List of Figures

    Figure 1. Product Picture of Smart Substation

    Figure 2. Global Smart Substation Market Value by Type, (US$ Million) & (2022 VS 2029)

    Figure 3. Global Smart Substation Market Share by Type: 2022 VS 2029

    Figure 4. 110 KV Product Picture

    Figure 5. 750 KV Product Picture

    Figure 6. 500 KV Product Picture

    Figure 7. 220 KV Product Picture

    Figure 8. Other Product Picture

    Figure 9. Global Smart Substation Market Value by Application, (US$ Million) & (2022 VS 2029)

    Figure 10. Global Smart Substation Market Share by Application: 2022 VS 2029

    Figure 11. New

    Figure 12. Refurbished

    Figure 13. Global Smart Substation Production Value (US$ Million), 2018 VS 2022 VS 2029

    Figure 14. Global Smart Substation Production Value (US$ Million) & (2018-2029)

    Figure 15. Global Smart Substation Production (K Units) & (2018-2029)

    Figure 16. Global Smart Substation Average Price (US$/Unit) & (2018-2029)

    Figure 17. Smart Substation Report Years Considered

    Figure 18. Smart Substation Production Share by Manufacturers in 2022

    Figure 19. Smart Substation Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2018 VS 2022

    Figure 20. The Global 5 and 10 Largest Players: Market Share by Smart Substation Revenue in 2022

    Figure 21. Global Smart Substation Production Value by Region: 2018 VS 2022 VS 2029 (US$ Million)

    Figure 22. Global Smart Substation Production Value Market Share by Region: 2018 VS 2022 VS 2029

    Figure 23. Global Smart Substation Production Comparison by Region: 2018 VS 2022 VS 2029 (K Units)

    Figure 24. Global Smart Substation Production Market Share by Region: 2018 VS 2022 VS 2029

    Figure 25. North America Smart Substation Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 26. Europe Smart Substation Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 27. China Smart Substation Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 28. Japan Smart Substation Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 29. Global Smart Substation Consumption by Region: 2018 VS 2022 VS 2029 (K Units)

    Figure 30. Global Smart Substation Consumption Market Share by Region: 2018 VS 2022 VS 2029

    Figure 31. North America Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 32. North America Smart Substation Consumption Market Share by Country (2018-2029)

    Figure 33. Canada Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 34. U.S. Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 35. Europe Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 36. Europe Smart Substation Consumption Market Share by Country (2018-2029)

    Figure 37. Germany Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 38. France Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 39. U.K. Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 40. Italy Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 41. Russia Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 42. Asia Pacific Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 43. Asia Pacific Smart Substation Consumption Market Share by Regions (2018-2029)

    Figure 44. China Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 45. Japan Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 46. South Korea Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 47. China Taiwan Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 48. Southeast Asia Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 49. India Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 50. Latin America, Middle East & Africa Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 51. Latin America, Middle East & Africa Smart Substation Consumption Market Share by Country (2018-2029)

    Figure 52. Mexico Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 53. Brazil Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 54. Turkey Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 55. GCC Countries Smart Substation Consumption and Growth Rate (2018-2023) & (K Units)

    Figure 56. Global Production Market Share of Smart Substation by Type (2018-2029)

    Figure 57. Global Production Value Market Share of Smart Substation by Type (2018-2029)

    Figure 58. Global Smart Substation Price (US$/Unit) by Type (2018-2029)

    Figure 59. Global Production Market Share of Smart Substation by Application (2018-2029)

    Figure 60. Global Production Value Market Share of Smart Substation by Application (2018-2029)

    Figure 61. Global Smart Substation Price (US$/Unit) by Application (2018-2029)

    Figure 62. Smart Substation Value Chain

    Figure 63. Smart Substation Production Process

    Figure 64. Channels of Distribution (Direct Vs Distribution)

    Figure 65. Distributors Profiles

    Figure 66. Bottom-up and Top-down Approaches for This Report

    Figure 67. Data Triangulation