Asia Pacific Digital Substation Market Size & Outlook
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Asia Pacific digital substation market highlights
- The Asia Pacific digital substation market generated a revenue of USD 2,621.4 million in 2024.
- The market is expected to grow at a CAGR of 7.9% from 2025 to 2030.
- In terms of segment, hardware was the largest revenue generating module in 2024.
- Hardware is the most lucrative module segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 2,621.4 million |
| Market revenue in 2030 | USD 4,118.2 million |
| Growth rate | 7.9% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Fiber-optic Communication Networks, SCADA |
| Key market players worldwide | ABB Ltd, Siemens AG, Portland General Electric Co, Schneider Electric SE, Honeywell International Inc, Cisco Systems Inc, Eaton Corp PLC, Emerson Electric Co, NR Electric USA, Hitachi Energy |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 35.5% of the global digital substation market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,118.2 million by 2030.
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Digital Substation Market Scope
Digital Substation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Energy | View profile | 10001+ | Zürich, Zurich, Switzerland, Europe | https://www.hitachienergy.com/ |
| NR Electric USA | View profile | 1001-5000 | Nanjing, Jiangsu, China, Asia | https://www.nrelect.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Portland General Electric Co | View profile | 2842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | https://www.portlandgeneral.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Asia Pacific digital substation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital substation market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 57.99% in 2024. Horizon Databook has segmented the Asia Pacific digital substation market based on hardware, fiber-optic communication networks, scada covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Asia Pacific digital substation market databook
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Our clientele includes a mix of digital substation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific digital substation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific digital substation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific digital substation market size, by country, 2018-2030 (US$M)
Asia Pacific Digital Substation Market Outlook Share, 2024 & 2030 (US$M)
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