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North America Medium Voltage Digital Substation Market Share
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
How much is the North America medium voltage digital substation market worth?
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.
Why is the demand for medium voltage digital substations rising in industrial sector in North America?
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.
Why is the medium voltage digital substation industry booming in the U.S.?
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.
Who are the major North America medium voltage digital substation industry players?
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.