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North America Substation Market Share

Report ID: GMI9812
Published Date: Jun 2024
Report Format: PDF

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North America Substation Market Share

North America Substation Company Market Share Analysis, 2023

Siemens stands as a prominent player in the North America substation industry, renowned for its comprehensive portfolio of innovative solutions catering to the evolving needs of grid modernization. With a strong emphasis on digitalization and sustainability, Siemens offers advanced substation technologies that enhance efficiency, reliability, and flexibility. Its commitment to providing cutting-edge solutions positions Siemens as a key contributor to the region's energy infrastructure advancement.

North America Substation Market Companies

Eminent players operating in the North America substation industry include:

ABB
CG Power & Industrial Solutions Ltd.
Cisco Systems, Inc.
Efacec
Fuji Electric
General Electric
Hitachi Energy Ltd.
L&T Electrical and Automation
NR Electric Co., Ltd.
Open Systems International, Inc.
Rockwell Automation, Inc.
Schneider Electric
Siemens
SIFANG
Tesco Automation Inc.
Texas Instruments Incorporated

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

North American market for substation was crossed USD 18.7 billion in 2023 and is anticipated to register 4.7% CAGR between 2024 to 2032, owing to expansion of smart grid networks and rising peak load demand.

North America substation industry from the conventional segment will record USD 27.5 billion by 2032, due to its reliable technology, cost-efficiency, and the increasing electricity demands and infrastructure projects in North America.

U.S. substation industry size may reach USD 24 billion by 2032, owing to the ongoing investments across upgrades, replacements, and expansion of the aging infrastructure across the country to maintain reliability and efficiency

ABB, CG Power & Industrial Solutions Ltd., Cisco Systems, Inc., Efacec, Fuji Electric, General Electric, Hitachi Energy Ltd., L&T Electrical and Automation, NR Electric Co., Ltd., and Open Systems International, Inc., among others.