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North America High Voltage Substation Market Share

Report ID: GMI11406
Published Date: Sep 2024
Report Format: PDF

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North America High Voltage Substation Market Share

North America High Voltage Substation Company Market Share Analysis, 2023

Companies like Hitachi, ABB, Siemens, and General Electric lead the North America high voltage substation industry due to their extensive experience, advanced technologies, and comprehensive product portfolios. These companies offer innovative solutions, including digital and gas-insulated substations, that enhance grid reliability, efficiency, and safety. Their strong R&D capabilities drive continuous technological advancements, allowing them to meet evolving market demands.

North America High Voltage Substation Market Companies

Eminent players operating in the North America high voltage substation industry include:

ABB
CG Power & Industrial Solutions Ltd.
Efacec
Eaton
General Electric
Hitachi Energy Ltd.
L&T Electrical and Automation
Locamation
Open System International, Inc.
Rockwell Automation, Inc.
Schneider Electric
Siemens
Texas Instruments Incorporated
Tesco Automation Inc.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of North America high voltage substation was worth over USD 4.9 bbillion in 2023 and will record a 4.4% CAGR from 2024 to 2032, due to the increasing investments in grid modernization, and the integration of renewable energy sources.

The conventional segment is expected to cross USD 6.5 billion by 2032, since these substations are deeply rooted in the existing power infrastructure across North America

The U.S. high voltage substation market is expected to surpass USD 5 billion by 2032, due to the significant investments in modernizing the aging power grid.

Hitachi Energy Ltd., L&T Electrical and Automation, Locamation, Open System International, Inc., Rockwell Automation, Inc., and Schneider Electric, among others.