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North America Industrial Digital Substation Market Share
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
What is the size of the North America industrial digital substation market?
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.
Why is the demand for medium voltage industrial digital substations growing in North America?
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.
How big is the U.S industrial digital substation industry?
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.
Mention the key players involved in North America industrial digital substation industry?
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.