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Transmission Substation Market Share

Report ID: GMI10349
Published Date: Jul 2024
Report Format: PDF

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Transmission Substation Market Share

Companies such as ABB and Siemens command a significant share of the transmission substation industry due to their technical expertise, advanced product offerings, and widespread global presence. These industry leaders deliver innovative solutions, including digital substations, which facilitate real-time monitoring, improved automation, and predictive maintenance—critical components for ensuring modern grid stability and efficiency. Furthermore, their robust research and development capabilities enable them to introduce state-of-the-art technologies that support the integration of renewable energy and the development of smart grids.

Transmission Substation Market Companies

Major players operating in the transmission substation industry are:

ABB
CG Power and Industrial Solutions
Eaton
Efacec
General Electric
Hitachi Energy
L&T Electrical and Automation
Locamation
Open System International
Rockwell Automation
Schneider Electric
Siemens
Texas Instruments
Tesco Automation

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for transmission substation was reached USD 86 billion in 2024 and is estimated to grow at a 2.8% CAGR from 2025 to 2034, driven by increasing global demand for electricity and advancements in renewable energy integration.

The conventional segment in the transmission substation industry is anticipated to surpass USD 105 billion by 2034, due to continued reliance on traditional energy sources and significant investments in grid infrastructure.

The electrical systems segment is projected to achieve a CAGR of over 2.2% through 2034, led by the increasing demand for reliable, efficient, and robust power transmission infrastructure.

The U.S. transmission substation market is predicted to hit USD 10.5 billion by 2034, propelled by the need to modernize aging infrastructure and the growing adoption of renewable energy sources.

Major players operating in the transmission substation industry include ABB, CG Power and Industrial Solutions, Eaton, Efacec, General Electric, Hitachi Energy, L&T Electrical and Automation, Locamation, Open System International, Rockwell Automation, Schneider Electric, Siemens, Texas Instruments, and Tesco Automation.