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Asia Pacific Substation Market Share

Report ID: GMI9538
Published Date: May 2024
Report Format: PDF

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Asia Pacific Substation Market Share

Asia Pacific Substation Company Market Share Analysis, 2023

Companies like Hitachi, General Electric, and Siemens hold significant market share in the Asia Pacific substation industry due to their strong reputation for delivering high-quality products and reliable solutions. These companies have extensive experience in providing a wide range of substation equipment and services, including transformers, switchgear, and control systems.

Asia Pacific Substation Market Companies

ABB
Cisco Systems, Inc.
CG Power & Industrial Solutions Ltd.
Efacec
Fuji Electric
General Electric
Hitachi Energy Ltd.
Locamation
L&T Electrical and Automation
NR Electric Co., ltd.
Open Systems International, Inc.
Rockwell Automation, Inc.
Siemens
Schneider Electric
SIFANG
Texas Instruments Incorporated
Tesco Automation Inc.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Asia Pacific substation industry size was worth USD 63.8 billion in 2023 and is projected to expand at 3% CAGR from 2024 to 2032, led by the rapid urbanization and industrialization that are increasing the demand for reliable electricity supply in the region.

The conventional technology segment in the Asia Pacific substation market is projected to account for more than USD 78.5 billion by 2032, due to its established presence and reliability in the region.

The transmission application segment in the Asia Pacific substation industry is projected to record over 2.5% CAGR between 2024 and 2032, due to the surge in investments driven by initiatives to integrate renewable energy sources into the grid.

China substation industry will account for more than USD 30.1 billion by 2032, due to ambitious infrastructure development plans, including the expansion of its power transmission and distribution networks.