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Europe Substation Market Share

Report ID: GMI9082
Published Date: Apr 2024
Report Format: PDF

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Europe Substation Market Share

Europe Substation Company Market Share Analysis, 2023

Companies like Hitachi Energy, Siemens, and General Electric lead the European substation market due to several factors. They have a long-standing presence, fostering trust and reliability. Their extensive product portfolios cover a wide range of substation solutions, meeting diverse customer needs. They invest heavily in research and development, ensuring innovative and high-quality products.

Europe Substation Market Companies

Some major players operating in the Europe substation industry is mentioned below:

ABB
Belden Inc.
Eato Schneider Electric
Efacec Tesco Automation Inc.
General Electric
Hitachi Energy Ltd
Locamation
Netcontrol Group
NR Electric Co. Ltd.
Siemens
Texas Instruments Inc.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of Europe substation was crossed USD 11.9 billion in 2023 and is anticipated to grow at 3.9% CAGR till 2032, due to increasing demand for electricity, driven by population growth, urbanization, and industrialization.

The conventional segment in the Europe substation industry is anticipated to exceed USD 14.5 billion by 2032 due to the regulatory frameworks and infrastructure limitations.

Germany substation market is projected to surpass USD 2.5 billion by 2032 since it boasts of a robust industrial sector, demanding reliable electricity infrastructure.

ABB, Belden Inc., Eato Schneider Electric, Efacec Tesco Automation Inc., General Electric, Hitachi Energy Ltd, Locamation Netcontrol Group, NR Electric Co. Ltd., Siemens and Texas Instruments Inc.