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North America Digital Substation Market Share

Report ID: GMI9768
Published Date: Jun 2024
Report Format: PDF

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North America Digital Substation Market Share

ABB Ltd. holds a substantial market share in the North America digital substation market due to its extensive presence and strong brand reputation. The company's robust product portfolio, including its ABB Ability System 800xA and ABB Ability System 800xA with IEC 61850, has contributed to its significant market share in the region.

North America Digital Substation Market Companies

Major key players operating across the North America digital substation industry are:

ABB
CG Power & Industrial Solutions Ltd.
Cisco
Eaton
Efacec
Emerson Electric Co.
Fuji Electric
General Electric
Hitachi Energy Ltd.
Igrid T&D
NR Electric Co., Ltd.
One Energy Enterprises
Rockwell Automation, Inc.
Schneider Electric
Siemens
SIFANG
Tekvel
Texas Instruments Incorporated
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America digital substation was crossed USD 2 billion in 2023 and will witness 6% CAGR between 2024 and 2032, due to the need for modernization of aging infrastructure, increasing grid reliability and efficiency requirements, and growing demand for smart grid solutions.

The transmission networks segment in the North America digital substation industry will witness over 6% CAGR through 2032, driven by growing investments for upgrading and digitizing their transmission infrastructure to enhance reliability, efficiency, and grid automation capabilities.

U.S. digital substation industry will surpass USD 2.9 billion by 2032, owing to robust investments in grid modernization initiatives, growing adoption of smart grid technologies, and stringent regulatory standards for promoting energy efficiency and reliability.

Key players operating in the North America digital substation industry are ABB, CG Power & Industrial Solutions Ltd., Cisco, Eaton, Efacec, Emerson Electric Co., Fuji Electric, General Electric, Hitachi Energy Ltd., Igrid T&D, and NR Electric Co., Ltd., among others.