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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.
How much is the low voltage substation market worth?
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.
Why is the demand for conventional low voltage substations rising?
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.
Why is the low voltage substation industry booming in Asia Pacific?
Asia Pacific low voltage substation market is expected to surpass USD 26 billion by 2032, driven by rapid industrialization, urbanization, and infrastructure development.
Who are the major low voltage substation industry players?
AF Switchgear Ltd, AK Transformers, Boerstn Electric Co.,Ltd, Cisco Systems, Inc, DOHO Electric, Eaton, Efacec, EVR Power, General Electric among others.