Home > Energy & Power > Electrical Equipment > Substation > High Voltage Digital Substation Market

High Voltage Digital Substation Market Share

Report ID: GMI9752
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

High Voltage Digital Substation Market Share

High Voltage Digital Substation Company Market Share Analysis, 2023

ABB holds a substantial market share in the high voltage digital substation sector due to its innovative solutions and extensive industry expertise. Providing a variety of digital technologies and automation, ABB offers comprehensive solutions for protection, control, communication, and asset management. Its market leadership and dedication to innovation establish ABB as a major contributor to the global advancement of high voltage digital substations.

High Voltage Digital Substation Market Companies

Major key players operating across the high voltage digital substation industry are:

ABB
Belden Inc.
Cisco Systems, Inc.
Eaton
General Electric
Hubbell
Hitachi Energy
Locamation
Larson & Toubro Limited
NR Electric Co. Ltd.
Netcontrol Group
Ormazabal
Powell Industries
Siemens
Schneider Electric
Toshiba Energy Systems & Solutions Corporation
WAGO
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of high voltage digital substation was reached USD 727 million in 2023 and will grow at 9.9% CAGR between 2024 and 2032, due to the increasing focus on renewable energy integration and grid modernization initiatives worldwide.

High voltage digital substation from the utility segment will record 9% CAGR through 2032, driven by pivotal role in power distribution and management.

Asia Pacific high voltage digital substation industry size will surpass USD 600 million by 2032, attributed to rapid urbanization, burgeoning industrialization, and robust infrastructural development initiatives.

ABB, Belden Inc., Cisco Systems, Inc., Eaton, General Electric, Hubbell, Hitachi Energy, Locamation, Larson & Toubro Limited, and NR Electric Co. Ltd., among others.