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North America Industrial Digital Substation Market Trends

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

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North America Industrial Digital Substation Market Trends

The North America industrial digital substation industry is evolving with trends focused on enhancing efficiency and resilience of electrical infrastructure. Automation and control system integration improves operational reliability, while accommodating renewable energy sources like wind and solar strengthens grid stability. Cybersecurity measures are increasingly prioritized to safeguard digital assets within substations amid rising cyber threats. Advancements in communication technologies and IoT enable real-time monitoring and predictive maintenance, driving widespread adoption across industrial sectors in North America. These trends collectively underscore a shift towards more sustainable, secure, and efficient industrial power distribution systems in the region.

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.