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North America Low Voltage Digital Substation Market Share

Report ID: GMI11450
Published Date: Sep 2024
Report Format: PDF

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North America Low Voltage Digital Substation Market Share

General Electric holds a significant share in the North America low voltage digital substation industry, driven by its advanced digital solutions and expertise in power grid modernization. GE's innovative technologies, such as real-time monitoring, automation, and IoT integration, make its digital substations essential for optimizing energy distribution. The company's strong presence supports its leadership in the region’s growing digital substation sector.

North America Low Voltage Digital Substation Market Companies

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

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America low voltage digital substation was worth USD 366.5 million in 2023 and is expected to grow at 6.6% CAGR from 2024 to 2032, due to the increasing demand for modernized and efficient power distribution systems.

New installations segment in North America low voltage digital substation market held a decent share in 2023 and will grow at over 7.5% CAGR through 2032, fueled by the demand for modern power infrastructure, renewable energy expansion.

The U.S. low voltage digital substation market is projected to exceed USD 540 million by 2032, driven by power grid modernization investments, smart grid technology integration, and renewable energy adoption.

ABB, Cisco, CG Power & Industrial Solutions, Efacec, Eaton, Emerson Electric, General Electric, Hitachi Energy, Igrid T&D among others.