Digital Substation Market 2030 Overview, Global Industry Size, Price, Future Analysis
The global digital substation market was valued at USD 7.39 billion in 2024 and is projected to reach USD 11.43 billion by 2030, growing at a CAGR of 7.6% from 2025 to 2030. The rapid adoption of digital technologies in the power sector is a key growth driver, as electricity generation, transmission, and distribution processes are undergoing significant digital transformation. By enabling advanced data collection, real-time analysis, and automation, digital substations improve operational efficiency, reduce system downtime, and enhance grid reliability, which is fueling their global demand. The market’s expansion is further supported by the global push for grid modernization and the integration of renewable energy sources. As renewable energy especially solar and wind power continues to grow in adoption, the challenges of grid management also increase due to their intermittent and variable output. Digital substations provide the adaptability needed to manage these ...