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North America Utility Scale Digital Substation Market Share
ABB holds a significant share in the North American utility-scale digital substation market due to its advanced technology and comprehensive solutions. Known for its innovative digital substation components and systems, ABB enhances grid reliability and efficiency. The company's extensive experience and strong market presence contribute to its leading position in this growing sector.
North America Utility Scale Digital Substation Market Companies
Major key players operating across the North America utility scale digital substation industry are:
- ABB
- Cisco
- Efacec
- Emerson Electric Co.
- Eaton
- GE Grid Solutions, LLC
- Hitachi Energy Ltd.
- iGrid T&D
- Rockwell Automation, Inc.
- Siemens
- SIFANG
- Schneider Electric
- Texas Instruments Incorporated
- WEG
Why is the adoption of the segment booming?
New digital substations will experience over7% CAGR through 2032, driven by the increasing demand for advanced grid infrastructure to support renewable energy integration and smart grid technologies.
What is the size of the North America utility scale digital substation market?
The market size of North America utility scale digital substation was worth over USD 900 million in 2023 and will exhibit a 6% CAGR from 2024 to 2032, driven by the increasing demand for advanced grid infrastructure to support renewable energy integration and enhance grid reliability.
What is the value of the U.S. utility scale digital substation market?
The U.S. utility-scale digital substation industr is projected to surpass USD 1.3 billion by 2032, fueled by the surging demand for sophisticated grid infrastructure.
Who are the major North America utility scale digital substation manufacturers?
GE Grid Solutions, LLC, Hitachi Energy Ltd., iGrid T&D, Rockwell Automation, Inc., Siemens, and SIFANG, among others.