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Substation Market Share

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

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Substation Market Share

Global Substation Company Market Share Analysis, 2023

Key players in the global substation industry include Hitachi Energy Ltd., Efacec, Tesco Automation Inc., Locamation, Texas Instruments Incorporated, Netcontrol Group, Belden Inc., NR Electric Co., Ltd., Siemens, General Electric, Eaton, Schneider Electric, and ABB, among others. To drive market expansion, these companies focus on strategic alliances, new product launches, and commercialization efforts. Furthermore, they are making significant investments in research and development, which allows them to introduce innovative products and maximize profitability in the market.

Substation Market Companies

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

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of substation was reached USD 121.6 billion in 2023 and is anticipated to grow at 3.1% CAGR through 2032, owing to technological advancements, increased investments in infrastructure, and the growing demand for efficient and reliable power distribution systems.

The digital substation market is estimated to surpass USD 7 billion by 2032, with growing CAGR of over 7% during 2024 to 2032. due to the ongoing transition toward electrifying off-grid networks and integrating renewable energy infrastructure.

Asia Pacific substation market is projected to surpass USD 80 billion by 2032 due to the ongoing urbanization and rapid infrastructure development.

ABB, Belden Inc., CG Power & Industrial Solutions Ltd., Cisco Systems, Inc., Eaton, Efacec, General Electric, Hitachi Energy Ltd., L&T Electrical and Automation, and Locamation