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Industrial Low Voltage Digital Substation Market Share

Report ID: GMI10511
Published Date: Jul 2024
Report Format: PDF

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Industrial Low Voltage Digital Substation Market Share

ABB holds a significant share in the industrial low voltage digital substation industry, leveraging its expertise in advanced digital technologies. As a leader, ABB integrates intelligent solutions that enhance operational efficiency, reliability, and safety across various industrial sectors. Their digital substations offer robust capabilities in monitoring, control, and automation, supporting the transition towards smarter and more resilient electrical infrastructure globally.

Industrial Low Voltage Digital Substation Market Companies

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

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of industrial low voltage digital substation was worth around USD 819.7 million in 2023 and is projected witness about 7.7% CAGR through 2032, driven by the increasing demand for efficient power distribution systems.

The new substations segment in the industrial low voltage digital substation market will grow at over 8.5% CAGR through 2032, fueled by the modernization of industrial infrastructure.

Asia Pacific industrial low voltage digital substation market is expected to surpass USD 580 million by 2032, backed by the increasing adoption of automation and smart grid technologies.

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