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Industrial Medium Voltage Digital Substation Market Share

Report ID: GMI10162
Published Date: Jul 2024
Report Format: PDF

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Industrial Medium Voltage Digital Substation Market Share

ABB holds a significant share in the industrial medium voltage digital substation industry, leveraging its expertise in advanced digital technologies and grid automation solutions. The company's innovations, including integrated digital substations and grid management systems, contribute to enhancing efficiency, reliability, and sustainability in power transmission and distribution networks globally.

Industrial Medium Voltage Digital Substation Market Companies

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

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of industrial medium voltage digital substation was reached USD 2.9 billion in 2023 and will expand at 6.7% CAGR between 2024 and 2032, attributed to growing need for effective and dependable power distribution systems, particularly in sectors like manufacturing, energy, and utilities.

Industrial medium voltage digital substation market from the new installation segment will exhibit 8% CAGR through 2032, fueled by growing funding in renewable energy projects, and the increasing need for dependable and efficient power supply.

Asia Pacific industrial medium voltage digital substation industry size will surpass USD 1.9 billion by 2032, propelled by increased need for dependable and efficient electricity supply, along with substantial investments in modernizing aging electrical infrastructure.

Some of the leading industrial medium voltage digital substation industry players are ABB, Cisco, Eaton, General Electric, Hubbell, Hitachi Energy Ltd., Larson & Toubro Limited, Locamation, NR Electric Co. Ltd., Netcontrol Group, Powell Industries, and Schneider Electric among others.