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North America Medium Voltage Digital Substation Market Share

Report ID: GMI9838
Published Date: Jun 2024
Report Format: PDF

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North America Medium Voltage Digital Substation Market Share

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

ABB holds a significant market share in the North American medium voltage digital substation market. Leveraging advanced technologies and innovative solutions, ABB continues to dominate this sector, offering reliable and efficient medium voltage digital substations tailored to meet the evolving needs of the region's power infrastructure. With a strong presence and a proven track record, ABB remains a trusted partner for enhancing grid performance and resilience across North America.

North America Medium Voltage Digital Substation Market Companies

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

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America medium voltage digital substation was reached at USD 1.4 billion in 2023 and is expected to grow at 5.5% CAGR from 2024 to 2032, driven by advancements in digitalization and automation technologies.

The industrial segment of the North America medium voltage digital substation will record over 5% CAGR through 2032, as the integration of advanced digitalization and automation technologies in industrial electrical systems enables better monitoring, control, and optimization of energy usage.

U.S. medium voltage digital substation market is poised to exceed USD 2 billion by 2032, driven by the increasing demand for reliable and efficient power distribution systems, coupled with the rising integration of renewable energy sources.

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