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Medium Voltage Digital Substation Market Share

Report ID: GMI9436
Published Date: May 2024
Report Format: PDF

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Medium Voltage Digital Substation Market Share

Siemens holds a considerable market share in the medium voltage digital substation industry with its broad array of innovative solutions and global reach. Offering advanced monitoring, control, and communication systems, Siemens caters to diverse utility and industrial needs worldwide. Renowned for reliability and technical expertise, Siemens maintains its leadership through comprehensive product offerings and robust customer support.

Medium Voltage Digital Substation Market Companies

Some of the key market players operating across the medium voltage digital substation industry are:

ABB
Cisco Systems, Inc.
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
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Market size for medium voltage digital substation experienced robust growth of USD 5.6 billion in 2023 and will grow at 6.6% CAGR between 2024 to 2032, propelled by advancements in digitalization, automation, and smart grid technologies.

New installation segment in market projected to grow over 7.5% CAGR through 2032, owing to the decreasing tech costs and rising awareness of benefits.

The Asia Pacific market is poised to exceed USD 3.5 billion by 2032, driven by escalating demand for robust power infrastructure to accommodate burgeoning industries and infrastructure projects.

ABB, Cisco Systems, Inc., Eaton, GE Grid Solutions, LLC, Hubbell, Hitachi Energy, Locamation, Larson & Toubro Limited, NR Electric Co. Ltd., Netcontrol Group, Powell Industries and Rittal GmbH & Co. KG