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North America Industrial Medium Voltage Digital Substation Market Share

Report ID: GMI11871
Published Date: Oct 2024
Report Format: PDF

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North America Industrial Medium Voltage Digital Substation Market Share

North America Industrial Medium Voltage Digital Substation Company Market Share Analysis, 2023

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General Electric (GE) holds a significant share in the North America industrial medium voltage digital substation industry, leveraging its expertise in advanced electrical solutions. The company’s innovative digital substation technologies enhance efficiency, reliability, and integration of renewable energy sources. GE's commitment to sustainability and modernization positions it as a key player in meeting the growing demands of the energy sector.

North America Industrial Medium Voltage Digital Substation Market Companies

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

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The North American market for industrial medium voltage digital substation was crossed USD 781.5 million in 2023 and is expected to grow at a 5.5% CAGR from 2024 to 2032, driven by infrastructure modernization investments and smart grid technology adoption.

New installations segment is projected to achieve a CAGR of over 6.5% through 2032, propelled by the need for modernized infrastructure and renewable energy integration.

The U.S. market is expected to surpass USD 1 billion by 2032, led by the need for enhanced power reliability, infrastructure modernization, and renewable energy integration.

Prominent key players include in industry are ABB, CG Power, Cisco, Eaton, Efacec, Emerson Electric, Fuji Electric, General Electric, Hitachi Energy, Igrid T&D, NR Electric, One Energy Enterprises, Rockwell Automation, Schneider Electric, Siemens, SIFANG, Tekvel, Texas Instruments, and WEG.