Home > Energy & Power > Electrical Equipment > Substation > Substation Market

Substation Market Share

Report ID: GMI4485
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Substation Market Share

Companies such as Hitachi, ABB, and Siemens command a significant share of the market, leveraging their advanced technological expertise, extensive product portfolios, and broad global presence. These industry leaders place a strong emphasis on research and development, fueling innovations in smart and digital switchgear solutions designed to improve grid efficiency and reliability.

Substation Market Companies

Major players operating in the substation industry are:

ABB
Belden
CG Power and Industrial Solutions
Cisco Systems
Eaton
Efacec
General Electric
Hitachi Energy
L&T Electrical and Automation
Locamation
Netcontrol Group
NR Electric
Open System International
Rockwell Automation
Schneider Electric
Siemens
Sifang
Tesco Automation
Texas Instruments

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global substation industry was valued at USD 128.5 billion in 2024 and is estimated to grow at a 3.2% CAGR from 2025 to 2034 due to increasing demand for efficient power transmission and distribution infrastructure.

The conventional segment is anticipated to surpass USD 162.8 billion by 2034, driven by the continued reliance on traditional power infrastructure in many regions.

The U.S. substation industry is projected to surpass USD 24.8 billion by 2034, fueled by investments in grid modernization and the rising demand for reliable and efficient power infrastructure.

Key players in the industry include ABB, Belden, CG Power and Industrial Solutions, Cisco Systems, Eaton, Efacec, General Electric, Hitachi Energy, L&T Electrical and Automation, Locamation, Netcontrol Group, and NR Electric.