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North America High Voltage Digital Substation Market Share

Report ID: GMI11483
Published Date: Sep 2024
Report Format: PDF

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North America High Voltage Digital Substation Market Share

North America High Voltage Digital Substation Company Market Share Analysis, 2023

ABB is positioned to capture a significant share of the North American high-voltage digital substation industry, leveraging its expertise in advanced digital solutions and grid automation. As utilities across the region focus on modernizing aging infrastructure and integrating renewable energy sources, ABB's cutting-edge technology offers enhanced grid reliability, real-time monitoring, and improved efficiency. With a strong track record in smart grid projects and digital substations, ABB is well-placed to meet the growing demand for high-performance solutions in the North American market.

North America High Voltage Digital Substation Market Companies

Some of the key market players operating across North America high voltage digital substation industry are:

ABB
Cisco
CG Power & Industrial Solutions
Eaton
Efacec
Emerson Electric
GE
Hitachi Energy
Igrid T&D
NR Electric
One Energy Enterprises
Rockwell Automation
Siemens
SIFANG
Schneider Electric
Texas Instruments
Tekvel
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

North America high voltage digital substation market was valued at USD 191.6 million in 2023 and is expected to grow at a CAGR of 8.8% from 2024 to 2032, due to increasing demand for reliable power transmission, the need for enhanced grid efficiency, and government initiatives to upgrade infrastructure.

The utility segment is projected to surpass USD 230 million by 2032, driven by the increasing need for grid modernization and the adoption of digital technologies to improve operational efficiency and reliability.

The U.S. high voltage digital substation market is projected to exceed USD 345 million by 2032, driven by grid modernization demands and renewable energy integration.

Cisco, CG Power & Industrial Solutions, Eaton, Efacec, Emerson Electric, GE, Hitachi Energy, Igrid T&D, and NR Electric among others.