Modular Substation Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2030


 

Modular Substation Market Analysis 

Modular Substation Market size is projected to be worth USD 26.85 Billion, registering a CAGR of 8% during the forecast period (2022 - 2030).

Various factors are propelling the global modular substation industry share. According to the recent MRFR report, such factors include the growing modernization of electric substations, growing industrialization, and urbanization, cost-effective & compact, ample commercial and technical benefits, ready to install, reduce spatial need, and growing power generation capacity plan worldwide. Additional factors adding market growth include the burgeoning need for refurbishing/replacing of aging substation infrastructure, increasing electricity demand in India & China, booming infrastructural and industrial development activities, lower installation time, space saving, and enhances aesthetics and safety. 

Request Sample Report @ https://www.marketresearchfuture.com/sample_request/7657

Report Attribute/Metric

Details

CAGR

  8% CAGR (2022-2030)

  Base Year

  2021

  Forecast Period

  2022 to 2030

  Historical Data

  2019 & 2020

  Forecast Units

  Value (USD Million)

  Report Coverage

  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

  Segments Covered

  Voltage, Type, Insulation Type, Application

  Geographies Covered

  North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global modular substation market based on application, insulation type, type, and voltage. 

By voltage, the global modular substation market is segmented into above 400kV, 33k-400kV, and 11kV-33kV. Of these, the 33kV-400kV segment will have a major share in the market over the forecast period. 

By types, the global modular substation market is segmented into fixed and skid/trailer mounted. Of these, the skid/trailer mounted segment will dominate the market over the forecast period. 

By insulation type, the global modular substation market is segmented into gas and air. 

By application, the global modular substation market is segmented into industrial, power utilities, and commercial. Of these, power utilities will lead the market over the forecast period.  

Regional Analysis 

Based on the region, the global modular substation market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA). Of these, the global modular substation market in the APAC region is predicted to spearhead the market over the forecast period. The presence of aging power infrastructure, growing industrialization and urbanization, rising demand for power solutions for investments in power generation capacity additions, and growing energy generation needs are adding to the global modular substation market growth in the region. 

Key Players

Leading contenders profiled in the global modular substation market report include American Modular Power Solutions, Inc. (US), Enerset Power Solutions (US), ModPower Solutions (Mexico), Skema S.P.A. (Italy), SPX Transformer Solutions, Inc. (US), Bharat Heavy Electricals Limited (India), Crompton Greaves Ltd (India), General Electric (US), Siemens AG (Germany), Eaton Corporation Plc (Ireland), and ABB Ltd. (Switzerland), among others.

Read More:

https://nitter.pussthecat.org/noronha_shane/status/1618811382887247872

https://nitter.sethforprivacy.com/noronha_shane/status/1618811454278500352

https://nitter.spaceint.fr/noronha_shane/status/1618811554597834752

https://nitter.tiekoetter.com/noronha_shane/status/1618811863978119168

https://nitter.tokhmi.xyz/noronha_shane/status/1618811958442205184

https://nitter.unixfox.eu/noronha_shane/status/1618812058560253954

https://nitter.weiler.rocks/noronha_shane/status/1618812147227840512

https://nitter.winscloud.net/noronha_shane/status/1618812252282556418

Comments