Market Share of Substation Automation Industry
The global substation automation market appears to be highly competitive. Market leaders are investing in research and development to innovate their products continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, and a cost-effective product portfolio. Some of the key developments in the market are:
- November 2022 - Hitachi Energy signed an agreement with Equinor to collaborate within electrification, renewable power generation, and low-carbon initiatives. The agreement depicts the commitment of both companies to accelerate the energy transition and advance a more sustainable, flexible, and secure energy system.
- April 2022 - ABB India announced the inauguration of its expanded digital substation products and digital systems factory in Vadodara, Gujarat. The new factory will meet the demand for a range of digital substation products and solutions in India and more than 50 countries.
Substation Automation Market Leaders
ABB Limited
Siemens AG
Schneider Electric SE
General Electric Co
Cisco Systems Inc.
*Disclaimer: Major Players sorted in no particular order
