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North America Industrial Digital Substation Market Share

Report ID: GMI10150
Published Date: Jul 2024
Report Format: PDF

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North America Industrial Digital Substation Market Share

North America Industrial Digital Substation Company Market Share Analysis, 2023

General Electric holds a substantial share in the North America industrial digital substation industry, leveraging its expertise in advanced electrical and automation technologies. This presence is bolstered by GE's robust portfolio of digital substation solutions, which cater to the region's increasing demand for reliable, efficient, and digitally integrated power distribution infrastructure.

North America Industrial Digital Substation Market Companies

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

ABB
Cisco
Emerson Electric Co.
Efacec
Eaton
General Electric
Hitachi Energy Ltd.
Igrid T&D
NR Electric Co., Ltd.
Rockwell Automation, Inc.
SIFANG
Siemens
Schneider Electric
Texas Instruments Incorporated
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America industrial digital substation was generated USD 1.1 billion in 2023 and is expected to witness 6.1% CAGR from 2024 to 2032, owing to the increasing electricity demand.

The medium voltage segment in the North America industrial digital substation market will witness over 5% CAGR through 2032, driven by increasing industrialization and the need for reliable power distribution systems.

U.S. industrial digital substation market is set to surpass USD 1.5 billion by 2032, driven by escalating demand for dependable and efficient power distribution systems.

ABB, Cisco, Emerson Electric Co., Efacec, Eaton, General Electric, Hitachi Energy Ltd., Igrid T&D, NR Electric Co., Ltd., Rockwell Automation, Inc., SIFANG, and Siemens among others.