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Asia Pacific Medium Voltage Digital Substation Market Share

Report ID: GMI9906
Published Date: Jun 2024
Report Format: PDF

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Asia Pacific Medium Voltage Digital Substation Market Share

Asia Pacific Medium Voltage Digital Substation Company Market Share Analysis, 2023

ABB holds a significant share in the Asia-Pacific medium voltage digital substation market. Leveraging advanced technologies and comprehensive solutions, ABB meets the region's growing demand for reliable, efficient power distribution. The company's strong presence and continuous innovation position it as a key player in modernizing power infrastructure across Asia-Pacific.

Asia Pacific Medium Voltage Digital Substation Market Companies

Some of the key market players operating across the Asia Pacific medium voltage digital substation industry are:

ABB
CG Power & Industrial Solutions Ltd.
Efacec
Fuji Electric
General Electric
Hitachi Energy Ltd.
L&T Electrical and Automation
Locamation
NR Electric Co., Ltd.
Rockwell Automation, Inc.
RTE international
Schneider Electric
Siemens
SIFANG
Texas Instruments Incorporated

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Asia Pacific market for medium voltage digital substation was reached USD 2.2 billion in 2023 and will exhibit 6% CAGR from 2024 to 2032, attributed to rapid urbanization, industrialization, and the growing demand for reliable power supply.

The industrial segment in the Asia Pacific medium voltage digital substation market will garner more than USD 2 billion by 2032, owing to escalating electricity demand from manufacturing facilities and industrial complexes.

China medium voltage digital substation industry will accrue USD 1.3 billion by 2032, fueled by the ambitious infrastructure projects, coupled with efforts to modernize its power grid, extensive urbanization and industrial expansion.

ABB, CG Power & Industrial Solutions Ltd., Fuji Electric, General Electric, Hitachi Energy Ltd., L&T Electrical and Automation, NR Electric Co., Ltd., Rockwell Automation, Inc., RTE international, Schneider Electric, and Siemens, among others.