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Low Voltage Digital Substation Market Share

Report ID: GMI9653
Published Date: May 2024
Report Format: PDF

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Low Voltage Digital Substation Market Share

ABB commands a significant market share in the low voltage digital substation sector, leveraging its advanced technology, comprehensive product portfolio, and strong global presence. Through innovative solutions and a reputation for reliability, ABB has established itself as a trusted leader, meeting the evolving needs of utilities and industries worldwide.

Low Voltage Digital Substation Market Companies

Major key players operating across the low 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 low voltage digital substation was reached USD 1.3 billion in 2023 and will record 7.7% CAGR during 2024 to 2032, propelled by the increasing demand for reliable and efficient power supply.

The electrical systems component segment of the low voltage digital substation market recorded decent growth in 2023 and will cross USD 800 million by 2032, driven by enhanced efficiency, improved reliability, and cost-effective solutions.

Asia Pacific low voltage digital substation market size is anticipated to exceed USD 980 million by 2032, driven by escalating demand for robust power infrastructure to accommodate burgeoning industries.

ABB, Belden Inc, Cisco Systems, Inc, Eaton, General Electric, Hubbell, Hitachi Energy, and Locamation among others.