Who are the key players in medium voltage digital substation industry?

Some of the major players in the industry include ABB, Belden, Cisco Systems, Eaton, Efacec, General Electric, Grid to Great, Hitachi Energy, Larsen & Toubro Limited, Netcontrol Group, Schneider Electric, Siemens, SIFANG, Tesco Automation, Texas Instruments Incorporated, Toshiba.

What will be the size of electrical systems segment in the medium voltage digital substation industry?

The electrical systems segment is anticipated to cross USD 3.4 billion by 2034.

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

The U.S. market was worth over USD 1.1 billion in 2024.

How big is the medium voltage digital substation market?

The market for medium voltage digital substation was valued at USD 6 billion in 2024 and is expected to reach around USD 11.1 billion by 2034, growing at 6.3% CAGR through 2034.

Medium Voltage Digital Substation Market Size

Report ID: GMI9436

Published Date: April 2025

Report Format: PDF

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Medium Voltage Digital Substation Market Size

Medium Voltage Digital Substation Market exceeded USD 5.6 billion in 2023 and is set to register a CAGR of 6.6% between 2024 and 2032, propelled by advancements in digitalization, automation, and smart grid technologies. With focus on grid modernization and renewable energy integration, there's a rising need for medium voltage digital substations to efficiently manage power flows and ensure grid reliability.

Medium Voltage Digital Substation Market

For instance, in October 2021, Siemens Energy constructed an eco-friendly substation operated without SF6 for Netze BW GmbH, a major German operator, with digital capabilities and a capacity of 80 MVA and 110 kV, which is anticipated to aid Netze is effectively manage its power flow and boost its grid reliability.

Moreover, integrating IoT, cloud computing, and data analytics in digital substations enables utilities to collect real-time data for predictive maintenance, fault detection, and asset management, driving efficiency and savings. Furthermore, market leaders are investing in R&D for innovative solutions, expanding product portfolios, and meeting evolving utility and consumer needs. Supportive government initiatives promoting energy efficiency are anticipated to drive market growth.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Question(FAQ) :

Who are the key players in medium voltage digital substation industry?: Some of the major players in the industry include ABB, Belden, Cisco Systems, Eaton, Efacec, General Electric, Grid to Great, Hitachi Energy, Larsen & Toubro Limited, Netcontrol Group, Schneider Electric, Siemens, SIFANG, Tesco Automation, Texas Instruments Incorporated, Toshiba.
What will be the size of electrical systems segment in the medium voltage digital substation industry?: The electrical systems segment is anticipated to cross USD 3.4 billion by 2034.
How much is the U.S. medium voltage digital substation market worth in 2024?: The U.S. market was worth over USD 1.1 billion in 2024.
How big is the medium voltage digital substation market?: The market for medium voltage digital substation was valued at USD 6 billion in 2024 and is expected to reach around USD 11.1 billion by 2034, growing at 6.3% CAGR through 2034.

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Authors: Ankit Gupta, Utkarsh Mahajan

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Base Year: 2024

Companies covered: 16

Tables & Figures: 20

Countries covered: 21

Pages: 121

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Medium Voltage Digital Substation Market Size

Medium Voltage Digital Substation Market Size

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