Pune, India, August, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on global modular substation market. The modular substation market is expected to expand at ~ 9.05 % CAGR during the period 2019 to 2024. Market Highlights
Modular Substation is a compact solution that mainly performs monitoring, protection, and switching functions. There are two types of modular substations namely, skid/trailer mounted and fixed modular substations. The skid/trailer modular substations are preferred for applications with easy transportation and installation. Modular substations find application in power utilities, industrial, and commercial sector. Modular substations help serve loads in a campus, industrial plant, and urban areas with limited capacity or non-standard voltage rating. These substations are engineered in order to reduce the number of field connections necessary for control, on-board protection, and automation devices to minimize the on-site labor. On the basis of end-use, the modular substation market is segmented into utilities, industrial, and commercial. Utilities segment is estimated to dominate the market during the forecast period due to the increased demand for energy and rising investments in power sector. The installation is extensive in Europe, North America, and Asia-Pacific. Considering the voltage, the market is segmented as 11kV-33kV, 33kV-400kV, and above 400kV. 11kV-33kV segment accounts for the largest share in the modular substation market due to the rising deployment of modular substation by utilities for enhancing safety and reliability. The global modular substation market is expected to grow at ~ 9.05% CAGR during the forecast period.Get Complete Report @ https://www.marketresearchfuture.com/reports/modular-substation-market-7657Drivers
Market Research AnalysisAsia-Pacific accounted for the largest market share in the Modular Substation MarketRegion wise, Asia-Pacific held the largest share of the global modular substation market in 2018 owing to the rising focus of power generation capacity additions in the region. The global modular substation market in Asia-Pacific is dominated by China due to rising transmission & distribution investments in the country. Also, it is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the rising investments for power generation capacity additions in the region. GLOBAL MODULAR SUBSTATION MARKET 2019-2024
Scope of the Report This report provides an in-depth analysis of the global modular substation market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the modular substation market by its fuel, power rating, application, end-user, and region.
-
By Voltage- 11kV-33kV
- 33kV-400kV
- Above 400kV
-
By Insulation Type- Air
- Gas
-
By Type- Skid/Trailer Mounted
- Fixed
-
By Application- Power Utilities
- Commercial
- Industrial
-
By Region- Asia-Pacific
- North America
- Europe
- Middle East & Africa
- South America
Key PlayersThe key players of the global modular substation market are ABB Ltd. (Switzerland), Eaton Corporation plc (Ireland), Siemens AG (Germany), General Electric (US), Crompton Greaves Ltd (India), Bharat Heavy Electricals Limited (India), SPX Transformer Solutions, Inc. (US), Skema S.P.A. (Italy), ModPower Solutions (Mexico), Enerset Power Solutions (US), and American Modular Power Solutions, Inc. (US).
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Report details
| Base Year | 2018 |
| Companies Covered | 15 |
| Pages | 111 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
