Who are the key players in low voltage substation industry?

Some of the major players in the industry include ABB, Alstom, Belden, Cisco Systems, Eaton, Efacec, General Electric, Grid to Great, Hitachi Energy, L&T Electrical and Automation, Mitsubishi Electric, Netcontrol Group, Open System International, Rockwell Automation.

How big is the low voltage substation market?

The market size of low voltage substation was valued at USD 42.3 billion in 2024 and is expected to reach around USD 52.2 billion by 2034, growing at 1.9% CAGR through 2034.

What will be the size of conventional substation segment in the low voltage substation industry?

The conventional substation segment is anticipated to cross USD 47.6 billion by 2034.

How much is the U.S. low voltage substation market worth in 2024?

The U.S. market of low voltage substation was worth over USD 5 billion in 2024.

Low Voltage Substation Market Trends

Report ID: GMI10006

Published Date: March 2025

Report Format: PDF

Download Free PDF

Low Voltage Substation Market Trends

The low voltage substation industry is experiencing significant growth due to various factors such as the rising emphasis on integrating renewable energy, advancements in automation and smart grid technologies, and increasing digitalization. In 2022, renewable energy sources comprised 23% of the gross final energy consumption in the EU, spurring deployment opportunities across Europe. The demand for enhanced grid reliability and the integration of energy storage solutions are driving innovation in substation design. Additionally, the push for urbanization and industrial expansion requires more robust and scalable substation infrastructure. These trends are fostering the development of more efficient and resilient low voltage substations, catering to evolving energy needs.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Question(FAQ) :

Who are the key players in low voltage substation industry?: Some of the major players in the industry include ABB, Alstom, Belden, Cisco Systems, Eaton, Efacec, General Electric, Grid to Great, Hitachi Energy, L&T Electrical and Automation, Mitsubishi Electric, Netcontrol Group, Open System International, Rockwell Automation.
How big is the low voltage substation market?: The market size of low voltage substation was valued at USD 42.3 billion in 2024 and is expected to reach around USD 52.2 billion by 2034, growing at 1.9% CAGR through 2034.
What will be the size of conventional substation segment in the low voltage substation industry?: The conventional substation segment is anticipated to cross USD 47.6 billion by 2034.
How much is the U.S. low voltage substation market worth in 2024?: The U.S. market of low voltage substation was worth over USD 5 billion in 2024.

Related Reports

Authors: Ankit Gupta, Utkarsh Mahajan

Buy Now

Single User: $4,123 $4,850

15% off

Multi User: $4,840 $6,050

20% off

Enterprise User: $5,845 $8,350

30% off

Buy now

Premium Report Details

Base Year: 2024

Companies covered: 20

Tables & Figures: 27

Countries covered: 20

Pages: 128

Download Free PDF

Low Voltage Substation Market Trends

Low Voltage Substation Market Trends

Premium Report Details

Industries

Information

Link

Global Headquarters