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Digital Substation Market Share

Report ID: GMI2441
Published Date: Aug 2024
Report Format: PDF

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Digital Substation Market Share

Digital Substation Company Market Share Analysis, 2023

ABB holds a substantial share in the digital substation industry due to its innovative technologies and comprehensive solutions. Its advanced offerings enhance grid reliability and efficiency, integrating IoT and smart grid components. ABB's commitment to R&D and strategic partnerships solidifies its position as a key player, meeting the demand for modernized power infrastructure.

Digital Substation Market Companies

Some of the major key players operating across the digital substation industry are:

ABB
Belden Inc.
Eaton
General Electric
Hitachi Energy
Locamation
Netcontrol Group
NovaTech, LLC.
NR Electric Co. Ltd.
OMICRON
Powell Industries
Ponovo Power Co., Ltd.
Rittal GmbH & Co. KG
Redeia
Schneider Electric
Siemens Energy
Transpower
Toshiba Energy Systems & Solutions Corporation
WEG

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of digital substation was reached USD 7.7 billion in 2023 and is projected to grow at 7.2% CAGR through 2032, owing to the increasing electricity demand.

The electrical system segment in the digital substation market is projected to exceed USD 4.5 billion by 2032, driven by rapid digitalization and technological advancements.

Asia Pacific digital substation market is projected to exceed USD 5 billion by 2032, driven by the growing demand for robust power infrastructure to support expanding industries and infrastructure projects.

ABB, Belden Inc., Eaton, General Electric, Hitachi Energy, Locamation, Netcontrol Group, NovaTech, LLC., NR Electric Co. Ltd., OMICRON, Powell Industries, Ponovo Power Co., Ltd., Rittal GmbH & Co. KG, Redeia, Schneider Electric, and Siemens Energy among others.