Home > Energy & Power > Electrical Equipment > Substation > Low Voltage Substation Market

Low Voltage Substation Market Share

Report ID: GMI10006
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Low Voltage Substation Company Market Share

ABB holds a significant share in the low voltage substation market due to its innovative solutions and extensive global presence. A leader in digital technologies, ABB offers advanced substation automation systems, digital substations, and eco-efficient components. These solutions enhance grid reliability, efficiency, and sustainability, meeting the evolving demands of urbanization, industrialization, and renewable energy integration worldwide. ABB's commitment to innovation and reliability solidifies its position as a key player in the low voltage substation sector.

Low Voltage Substation Companies

Some of the key market players operating across the low voltage substation industry are:

ABB
AF Switchgear Ltd
AK Transformers
Boerstn Electric Co.,Lt
Cisco Systems, Inc.
DOHO Electric
Eaton
Efacec
EVR Power
General Electric
Henan Fengyuan Power Technology Co.,Ltd.
Hitachi Energy Ltd.
Kexunan Electrical Technology Co., Ltd.
Locamation
Netcontrol Group
Rockwell Automation, Inc.
Schneider Electric
Shenheng Power Equipment Co., Ltd.
Siemens
Tesco Automation Inc.
Texas Instruments Incorporated
TMEIC
V POWER
Yueqing Luban Technology Co., Ltd.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of low voltage substation was reached USD 40.4 billion in 2023 and is projected to grow at 2.3% CAGR during 2024 to 2032, driven by the increasing demand for reliable and efficient power distribution systems to support expanding urbanization and industrialization.

The conventional segment will reach over USD 44 billion by 2032, as conventional low voltage substations facilitate the reliable and efficient transformation and distribution of electricity across low voltage networks.

Asia Pacific low voltage substation market is expected to surpass USD 26 billion by 2032, driven by rapid industrialization, urbanization, and infrastructure development.

AF Switchgear Ltd, AK Transformers, Boerstn Electric Co.,Ltd, Cisco Systems, Inc, DOHO Electric, Eaton, Efacec, EVR Power, General Electric among others.