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

Medium Voltage Substation Market Share

Report ID: GMI8455
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

Medium Voltage Substation Market Share

General Electric commands a significant market share in the medium voltage substation industry due to its extensive portfolio of innovative solutions and reliable technologies. With a strong reputation for quality and performance, General Electric's offerings in medium voltage substations are trusted by utilities and industries worldwide. Their focus on research, development, and customer-centric solutions further solidifies their position as a leading provider in the global market.

Medium Voltage Substation Market Share

Some of the key medium voltage substation industry players are:

ABB
Cisco Systems, Inc.
Eaton
Efacec
General Electric
Hitachi Energy Ltd.
Locamation
Netcontrol Group
Rockwell Automation, Inc.
Schneider Electric
Siemens
Tesco Automation Inc.
Texas Instruments Incorporated
V POWER
Yueqing Luban Technology Co., Ltd.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of medium voltage substation was reached USD 47.1 billion in 2023 and is expected to register 4.2% CAGR from 2024 to 2032, owing to the increasing urbanization, industrialization, and infrastructural development worldwide.

The conventional segment recorded over 90% share of the medium voltage substation market in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to these substations facilitating the transformation and distribution of electricity across medium voltage networks.

Asia Pacific medium voltage substation industry crossed USD 33 billion by 2032 and is expected to register a commendable CAGR from 2024 to 2032, due to rapid industrialization, urbanization, and infrastructural development in the region.

ABB, Cisco Systems, Inc., Eaton, Efacec, General Electric, Hitachi Energy Ltd., Locamation, Netcontrol Group, Rockwell Automation, Inc., and Schneider Electric, are some of the major medium voltage substation companies worldwide.