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Asia Pacific Industrial Digital Substation Market Share
Schneider Electric holds a significant share in the Asia Pacific industrial digital substation industry, driven by its advanced solutions and expertise in power management. The company’s innovative digital substations enhance efficiency, reliability, and integration of renewable energy. Schneider Electric's strong presence and commitment to smart grid technologies position it as a key player in the region’s growing market.
Asia Pacific Industrial Digital Substation Market Companies
Major key players operating across the Asia Pacific industrial digital substation industry are:
- ABB
- CG Power & Industrial Solutions Ltd.
- Efacec
- Fuji Electric
- GE Grid Solutions
- Hitachi Energy
- Locamation
- L&T Electrical and Automation
- NR Electric Co., Ltd.
- Rockwell Automation, Inc.
- Siemens
- Schneider Electric
- SIFANG
- Texas Instruments Incorporated
How much is the Asia-Pacific industrial digital substation industry worth?
The market size of Asia-Pacific industrial digital substation was worth over USD 1.5 billion in 2023 and is projected to expand at a CAGR of 6.6% through 2032, fueled by heightened investments in modernizing power infrastructure.
Why is the demand for electrical systems rising in the Asia-Pacific industrial digital substation market?
The electrical systems segment held a robust growth in 2023 and is anticipated to surpass USD 900 million by 2032, driven by increasing investments in power infrastructure and the need for enhanced energy efficiency and reliability.
Why is the industrial digital substation industry growing rapidly in China?
The China industrial digital substation market held a decent growth in 2023 and is set to exceed USD 1 billion by 2032, driven by the demand for sophisticated and efficient power distribution systems.
Who are the major Asia-Pacific industrial digital substation industry players?
ABB, CG Power & Industrial Solutions Ltd., Efacec, Fuji Electric, GE Grid Solutions, Hitachi Energy, Locamation among others.