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Utility-Scale Substation Market Share

Report ID: GMI5765
Published Date: May 2023
Report Format: PDF

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Utility-Scale Substation Market Share

Several key players are actively operating in the utility-scale substation market, including

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

These industry participants are engaged in various strategies to expand their market presence, such as forming strategic alliances, introducing new products, and focusing on commercialization. Additionally, significant investments in research and development enable these companies to launch innovative solutions and maximize their profitability within the market.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market of utility-scale substation recorded a valuation of about USD 60.1 billion in 2023 and will reach over USD 77.8 billion by 2032.

The digital utility-scale substation market will surpass USD 5.5 billion and is poised to observe 5.5% CAGR from 2023 to 2032 owing to the growing need for reliable and secure electrical infrastructure in commercial, utility, and industrial settings.

Asia Pacific market for utility-scale substation will witness over 11,500 unit installation by 2032 owing to the increasing urbanization and infrastructure development across countries China and India.

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