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Utility Scale Digital Substation Market Share

Report ID: GMI9240
Published Date: Apr 2024
Report Format: PDF

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Utility Scale Digital Substation Market Share

ABB Group holds a considerable share in the market due to its diverse product portfolio, which caters to various aspects of digital substation solutions. With a strong global presence in Europe, Asia Pacific, and North America, the company can effectively meet unique demands of international customers. ABB's commitment to technological innovation allows it to provide cutting-edge solutions that enhance efficiency, reliability, and safety in utility-scale digital substations.

Utility Scale Digital Substation Market Companies

Some of the major key players operating across the utility scale digital substation industry are:

ABB
Cisco Systems, Inc.
CG Power and Industrial Solutions Ltd.
Efacec
Eaton
GE Grid Solutions, LLC
Hubbell
Hitachi Energy
Locamation
Larson & Toubro Limited
NR Electric Co. Ltd.
Netcontrol Group
Powell Industries
Rittal GmbH & Co. KG
Siemens Energy
Schneider Electric SE
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of utility scale digital substation was reached USD 3.6 billion in 2023 and will grow at 7.1% CAGR from 2024 to 2032, driven by the demand for reliable power transmission.

Utility scale digital substation industry from the electrical system component segment will surpass USD 2.2 billion by 2032, owing to its substantial role in power transmission and distribution.

Asia Pacific utility scale digital substation market is set to cross USD 2.4 billion by 2032, propelled by the rapid urbanization and population growth.

ABB, Cisco Systems, Inc., CG Power and Industrial Solutions Ltd., Efacec, Eaton, GE Grid Solutions, LLC, Hubbell, Hitachi Energy, and Locamation among others.