Substation Automation Market 2022 Development Status, Competition Analysis, Type and Application 2031
The substation automation market value is expected to top US$ 37.48 Bn in 2021. High demand for retrofit conventional substations will improve sales through 2031
  • The demand from manufacturing sector is set to account for over 22% of the market share on value basis by the end of forecast period.
  • The East Asia and South Asia & Pacific will remain a primary markets, backed by rising industrial sector and growing urbanization. These regions will cumulatively account for 43% of the demand registered in globally in 2021.
  • Within North America, the U.S. will account for over 61% of sales in 2021.
  • Italy, the UK, and Spain are expected to spearhead growth in Europe.