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Utility Scale Medium Voltage Digital Substation Market Share

Report ID: GMI10180
Published Date: Jul 2024
Report Format: PDF

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Utility Scale Medium Voltage Digital Substation Market Share

Utility Scale Medium Voltage Digital Substation Market Company Share, 2023

General Electric holds a significant share in the market, leveraging its expertise in advanced grid solutions. Their offerings integrate cutting-edge technologies like digital controls, IoT, and automation, enhancing reliability and efficiency. This positions GE as a key player in meeting the growing global demand for modernized power infrastructure.

Utility Scale Medium Voltage Digital Substation Market Companies

Some of the key market players operating across the industry are:

ABB
Cisco
Eaton
General Electric
Hubbell
Hitachi Energy Ltd.
Larson & Toubro Limited
Locamation
NR Electric Co. Ltd.
Netcontrol Group
Powell Industries
Schneider Electric
Siemens
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Industry size for utility scale medium voltage digital substation was USD 2.6 billion in 2023 and will register 6.5% CAGR between 2024 and 2032 due to increasing integration of renewable energy sources like solar and wind necessitating advanced grid management solutions.

Utility scale medium voltage digital substation industry from the electrical system components segment will exceed USD 1 billion by 2032, driven by its critical role in enhancing grid efficiency and reliability.

Asia Pacific industry will surpass USD 1.5 billion by 2032, attributed to the increasing electricity demand, coupled with government initiatives for energy efficiency and grid modernization.

ABB, Cisco, Eaton, General Electric, Hubbell, Hitachi Energy Ltd., Larson & Toubro Limited, NR Electric Co. Ltd., Powell Industries, Schneider Electric, Siemens, and Toshiba Energy Systems & Solutions Corporation are operating in the utility scale medium voltage digital substation industry.