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North America Transmission Substation Market Share

Report ID: GMI10713
Published Date: Aug 2024
Report Format: PDF

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North America Transmission Substation Market Share

Companies like ABB, Schneider Electric, and Siemens lead the transmission substation market thanks to their extensive technological expertise, wide product portfolios, and strong regional presence. Their advanced solutions in Gas Insulated Switchgear (GIS), automation, and smart grid technologies cater to the industry's needs for enhanced efficiency, reliability, and modernization. Additionally, these firms capitalize on their established connections with key stakeholders, substantial research and development capabilities, and proficiency in executing large-scale projects, reinforcing their dominance in the evolving transmission substation sector.

North America Transmission Substation Market Companies

ABB
CG Power & Industrial Solutions Ltd.
Eaton
General Electric
Hitachi Energy Ltd.
L&T Electrical and Automation
Locamation
Open System International, Inc.
Rockwell Automation, Inc.
Schneider Electric
Siemens
Tesco Automation Inc.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of North America transmission substation was worth about USD 9.7 billion in 2023 and is anticipated to register 3.8% CAGR between 2024 to 2032, owing to growing urban populations and industrial activities.

North America transmission substation industry from the conventional segment will record USD 11.5 billion by 2032, due to the reliance on established technologies for reliable power distribution and ongoing investments in maintenance.

U.S. transmission substation industry size may reach USD 10.2 billion by 2032, driven by population growth, urbanization, and industrial expansion.

ABB, CG Power & Industrial Solutions Ltd., Eaton, General Electric, Hitachi Energy Ltd., L&T Electrical and Automation, Locamation, Open System International, Inc., Rockwell Automation, Inc., and Schneider Electric, among others.