Global Modular Substations Industry
Portland, OR -- (SBWIRE) -- 08/01/2017 -- A substation is the part of an electrical generation, transmission, and distribution system, which has transformers and several other components that help to either lower down the voltage or increase it. Modular substations are replacing conventional substations because of their additional advantages of flexibility, scalability, and reliability. Modular substations are cost-effective, safer, provide time, space, and labor saving options for the already built, to be replaced or an addition of capacity to the existing system. The global modular substations market is expected to grow at a CAGR of 9.1% from 2017 to 2025.
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The global modular substations market is segmented based on type, voltage, insulation, application, and geography. By type, the market is segmented as skid/trailer mounted and fixed. Voltage-based classification yields 1133kV, 33400kV, and above 400kV. Based on insulation, the modular substation is divided as air-insulated and gas-insulated substations. Based on application, the market is bifurcated into power utilities, commercial, and industrial applications. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Urbanization and industrialization is expected to increase the demand for modular substations.
Ageing infrastructure requires replacement and refurbishment, which in turn, is expected to drive the market during the forecast period.
Adoption of new technology is projected to increase the energy cost for consumers, which may result in the slowdown of modular substations market during the forecast period.
Lack of standardization is also expected to reduce the demand for the modular substations during the forecast period.
The top players in the global modular substations market include Modpower Solutions., Eaton Corporation PLC, Siemens AG, General Electric Co., Crompton Greaves Limited, Bharat Heavy Electricals Limited, SPX Transformer Solutions Inc., Creative Distribution Automation Co. Ltd., Skema S.P.A., and American Modular Power Solutions Inc.
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Skid/Trailer Mounted Modular Substations
Fixed Modular Substations
- North America
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Table of Content for modular substations market
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter's Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Modular Substations Market Shares Analysis, 2014-2025
3.4.1. Global modular substations market share by type, 2014-2025
List of Tables
Contain 48 Tables
List of Figures
Contain 44 Figures
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