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U.S. Substation Market Share

Report ID: GMI5748
Published Date: May 2023
Report Format: PDF

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U.S. Substation Market Share

Leading market players across the U.S. substation market include :

Hitachi Energy Ltd
Tesco Automation Inc
Texas Instruments Incorporated
Belden Inc
Siemens
General Electric
Eaton
Schneider Electric
ABB
Cisco Systems, Inc
Open System International, Inc
SIFANG
CG Power & Industrial Solutions Ltd

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The substation market size in the United States was worth more than USD 15.5 billion in 2022 and will progress at 4.5% CAGR between 2023 and 2032 propelled by the rapid development in the volume of structured and unstructured data collected in line with the increasing need for cloud computing.

The U.S. conventional substation market will rise at over 4% CAGR from 2023 to 2032 as a result of ongoing technological advancements, which have resulted in smarter and more organized electricity demand and supply systems.

The U.S. substation market share from the distribution application segment will grow significantly through 2032 owing to the increased demand for efficient electrical grids and ongoing investments in the expansion of the existing energy infrastructure.

The U.S. substation market report includes General Electric, Schneider Electric, Siemens, Eaton, and ABB, among others. These firms are focusing on strategic acquisition and partnerships to stay ahead in the competitive landscape.