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Companies such as ABB, Schneider Electric, and Siemens are major players in the North America distribution substation industry, owing to their cutting-edge technology, comprehensive product ranges, and prominent brand recognition. They provide innovative solutions that improve the efficiency, reliability, and safety of electrical systems. Their global reach and well-established partnerships with utilities and governments enable them to manage large-scale projects effectively.
Eminent players operating in the North America distribution substation industry include:
The market size of North America distribution substation was worth over USD 9 billion in 2023 and is anticipated to register 5.7% CAGR between 2024 to 2032, owing to increasing demand for reliable and uninterrupted power supply.
North America distribution substation industry from the electrical system segment is anticipated to record 4.8% CAGR through 2032, owing to increasing adoption of smart grids and the need for real-time monitoring and control.
U.S. distribution substation industry size may reach USD 5.8 billion by 2032, owing to smart grid technologies and renewable energy integration.
ABB, CG Power & Industrial Solutions Ltd., Eaton, General Electric, Hitachi Energy Ltd., L&T Electrical and Automation, Locamation, Open System International, Inc., Rockwell Automation, Inc., and Schneider Electric, among others.