Home > Energy & Power > Electrical Equipment > Substation > Asia Pacific Utility Scale Digital Substation Market

Asia Pacific Utility Scale Digital Substation Market Share

Report ID: GMI11280
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Asia Pacific Utility Scale Digital Substation Market Share

Asia Pacific Utility Scale Digital Substation Company Market Share Analysis, 2023

ABB holds a significant share in the Asia Pacific utility-scale digital substation industry, driven by its advanced technological solutions and strong regional presence. The company's expertise in grid automation and digitalization makes it a key player in modernizing power infrastructure across the region. ABB's innovations support the integration of renewable energy sources, enhancing grid reliability and efficiency in the Asia Pacific market.

Asia Pacific Utility Scale Digital Substation Market Companies

Some of the major players operating across the Asia Pacific utility scale 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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Asia Pacific market for utility scale digital substation was worth over USD 1.4 billion in 2023 and is anticipated to register 6.5% CAGR between 2024 to 2032, driven by rapid urbanization and industrialization across the region.

Asia Pacific utility scale digital substation industry from the new segment will record 7.5% CAGR through 2032, driven by the increasing demand for advanced power infrastructure to support the region's rapid urbanization and industrialization.

China utility scale digital substation industry size may reach USD 850 million by 2032, owing to country's ongoing efforts to modernize its power infrastructure.

ABB, CG Power & Industrial Solutions Ltd., Efacec, Fuji Electric, GE Grid Solutions, Hitachi Energy, Locamation, L&T Electrical and Automation, NR Electric Co., Ltd., and Rockwell Automation, Inc., among others.