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Substations Market Research Report 2025-2034 | Why Utilities are Fast-Tracking Substation Upgrades Amid Soaring Power Demand [Yahoo! Finance]
Last cisco systems, inc. earnings: 2/12 04:05 pm
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US:NASDAQ Investor Relations: investor.cisco.com/investor-relations/overview/default.aspx
Dublin, April 10, 2025 (GLOBE NEWSWIRE) -- The "Substations Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering. The Substations Market was valued at USD 128.5 billion in 2024, and is projected to reach USD 178.9 billion by 2034, rising at a CAGR of 3.2%, driven by the increasing demand for reliable and efficient power infrastructure. As electricity consumption continues to surge worldwide, utilities and governments are investing heavily in modernizing substation infrastructure to enhance energy distribution and grid stability. The need for improved energy efficiency, integration of renewable power, and smart grid advancements are further fueling market expansion. Technological advancements are revolutionizing substations, transforming them into more intelligent, automated, and data-driven power hubs. The transition toward digital substations is accelerating, offering utilities real-time
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