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U.S. Substation Market Size
- Report ID: GMI5748
- Published Date: May 2023
- Report Format: PDF
U.S. Substation Market Size
U.S. Substation Market size valued at USD 15.5 billion in 2022 and is set to grow at a 4.5% from 2023 to 2032. The growing requirement for uninterrupted and smooth electricity distribution and transmission to power data center facilities is expected to fuel market expansion. The global substation industry is set to cross USD 164 billion by 2032
The rapid development in the volume of structured and unstructured data, collected with the increasing need for cloud computing, is likely to encourage U.S. substation market growth, pushing the demand for effective data management systems. The power infrastructure management industry is primarily being driven by the modernization and revamping of the existing grid infrastructure across the region. The U.S. department of energy defines that the electrical grid should comprise an ecosystem of manufacturers, asset owners, federal, state, and local government entities, and service providers.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| U.S. Substation Market Size in 2022: | USD 15.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.5% |
| 2032 Value Projection: | USD 24.1 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 50 |
| Tables, Charts & Figures: | 67 |
| Segments covered: | Technology, Component, Application, Connectivity, Voltage Level, End Use, Category |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
U.S. Substation Market Scope
