The report "Modular Substation Market by Application (Power Utilities, Commercial, Industrial), Voltage (11-33kV, 33-400kV, & above 400kV), Type (Trailer Mounted & Fixed), Insulation (Air-insulated & Gas-insulated), & by Region - Global Trends and Forecast to 2020".
Global modular substation market is estimated to be at USD 10.78 Billion in 2015 and is projected to reach USD 16.48 Billion by 2020, at a CAGR of 8.85% from 2015 to 2020.
Global modular substation market targets the compact and modular substations available in the market. These substations replace the conventional substation with modernized equipment and better power distribution in the networks.
Major advantages of these solutions are lesser land requirement, automated solutions with minimal human interference, can be employed at areas with extreme environmental conditions, and lesser power theft.
Modular substation is an ideal solution for smart cities as well as traditional networks which require technical upgrades. It proves to be cost effective and increases the reliability on the T&D networks with reduced downtimes and power outages.
The report caters to modular substation manufacturers, dealers, and suppliers, material providers, consulting companies in the energy and power sector, infrastructure developers, medium and high tension consumers (industries), government and research organizations, government and private utilities , private customers, network operators, smart grid players, venture capital firms, and investment banks.
Leading players such as ABB Ltd. (Switzerland), Eaton Corporation PLC (Ireland), Siemens AG (Germany), General Electric (U.S.), and Crompton Greaves Limited (India) among others have been profiled in this report. The report provides competitive landscape with market share of the key players as well as recent development strategies.
- Asia-Pacific is Expected to Hold the Largest Market Share During the Forecast Period
- Modular Substation Market, By Application
- Modular Substation Market, By Type
- Modular Substation Market, By Voltage Level
- Modular Substation Market, By Insulation Type
- Asia-Pacific Modular Substation Market: Application vs Voltage Level
- Lifecycle Analysis, By Region
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