North America Substation Market Size - By Technology (Conventional, Digital), By Component, Application, Connectivity, Voltage Level, End-use, Category, Country Outlook & Forecast, 2024 – 2032

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.

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

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.

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.