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Utility Scale Distribution Substation Market Share

Report ID: GMI11421
Published Date: Sep 2024
Report Format: PDF

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Utility Scale Distribution Substation Market Share

Utility Scale Distribution Substation Company Market Share Analysis, 2023

ABB, Schneider Electric, Siemens, General Electric and Eaton are the key operators in the market developing innovative solutions and advanced technologies that enhance the efficiency and reliability of power distribution networks. The market is anticipated to surpass significant growth milestones in the coming years, driven by increasing investments in smart grid infrastructure with the growing demand for electricity and the global shift towards renewable energy sources.

Utility Scale Distribution Substation Market Companies

Eminent players operating in the utility scale distribution substation industry include:

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

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of utility scale distribution substation was worth over USD 28.3 billion in 2023 and is anticipated to register 3.8% CAGR between 2024 and 2032, driven by the growing demand for reliable electricity.

The conventional segment in the utility scale distribution substation market is expected to reach USD 37.1 billion by 2032, due to reliability of traditional electromechanical components for offering robust long-term performance and making it preferred by many utility companies.

Asia-Pacific utility scale distribution substation market is expected to reach USD 16.9 billion by 2032, fueled by rapid urbanization, industrial expansion, increasing energy demand and a strong focus on upgrading aging infrastructure across the region.

ABB, CG Power & Industrial Solutions Ltd, Cisco Systems, Inc., Eaton, Efacec, General Electric, Hitachi Energy Ltd., L&T Electrical and Automation, NR Electric Co., Ltd., and Open System International, Inc., among others.