Global Transmission Substation Market Report 2025-2034

Global Transmission Research has released the Global Transmission Substation Market Report 2025-2034 in July 2025.

The report is a comprehensive and up-to-date study of the global high voltage substation market. Through this report, we have analysed the current state of the global substation market and forecasted the demand and market size for high voltage substations, power transformers and switchgears over the 2025-2034 period. The report focuses on high voltage substations of 110 kV and above levels.

The report discusses the recent market trends and developments in the high voltage substation industry. It also captures the latest developments in substation technology and study the pricing and costs trends.

It has analysed the expected growth in high voltage substations, power transformers and switchgears, both in value and volume terms, across six regions—North America, Latin America, Asia, Europe, the Middle East and Africa.

Further, the report has provided the demand and market forecast for high voltage substations, power transformers and switchgears for 15 key growth markets. These markets are ones with the largest substation expansion plans.

The report comprises four distinct sections:

Part I of the report is the executive summary.

Part II of the report provides an analysis of the global high voltage substation market and comprises the following sections:

• Market trends and developments
• Technology trends and developments
• Project cost analysis
• Current state of the high voltage substation market, 2024
  – By voltage
  – By region
  – By type (AC and DC)
• Expected demand outlook, 2025-2034 (units)
  – Substations
  – Power transformers
  – Switchgears
• Forecasted market size, 2025- 2034 (USD million)
  – Substations
  – Power transformers
  – Switchgears
• Key growth markets (15 countries)
  – Current size and expected growth in substation capacity
  – Expected demand for substation equipment, 2025-34 (units)
  – Forecasted market size, 2025-34 (USD million)

Part III of the report profiles key vendors operating in the transmission substation market.

Part IV comprises the appendix. It includes a note on sources and methodology and a list of acronyms.

This report is indispensable for any organisation interested in the global high voltage transmission industry – utilities, system operators, equipment manufacturers and suppliers, EPC contractors, service and technology providers, investors/lenders, research organisations, industry consultants, regulatory agencies, development institutions, etc.

The report is available in a PPT (converted to PDF) and excel database format. It is priced at USD5,000. There are also special “early bird” discounts – the price is USD3,750 (25 per cent discount) for orders and payments received on or before August 22, 2025 and USD4,375 (12.5 per cent discount) for orders and payments received on or before September 19, 2025.

To download the brochure for the report, please click here

To purchase the report online, please click here

For further inquiries, please contact:

Prateek Pankaj
Senior Manager
Global Transmission Research
Phone: +1 914-392-3326 
Email: prateek.pankaj@globaltransmission.info