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Asia Pacific Medium Voltage Digital Substation Market Share
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
What is the size of the Asia Pacific medium voltage digital substation market?
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.
How will industrial application bolster the demand for medium voltage digital substations across APAC?
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.
How big is the medium voltage digital substation market in China?
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.
Which are the leading firms operating in the Asia Pacific medium voltage digital substation industry?
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.