Global Modular Substation Market was valued US$ xx Mn in 2019 and the total revenue is expected to grow at 8.50 % through 2020 to 2027, reaching US$ xx Mn. The report has covered Country Market trends with competitive landscape.

Global Modular Substation Market Dynamics

Constant urbanization & industrialization is leading to different capacity additions in the emerging regions like the MEA &Africa and Asia-Pacific, & additional/upgrade of aging power infrastructure in the established regions like North America & Europe are anticipated to push the global modular substation market towards north. The United States is anticipated to be the major market for modular substation as of the country’s strategies to improve & refurbish its current power infrastructure.

Global Modular Substation Market Snapshot

On the other hand, China is the fastest rising market for modular substations. This development is attributed to the massive demand for power solutions in the country owing to huge investments in capacity addition. Furthermore, India is also estimated to witness rise in demand for smart solutions in power sector as of its plans for rural electrification & high rate of urbanization.
Modular substation is a perfect solution for smart cities as well as traditional networks which need technical upgrades. It is to be cost effective & rises the reliability on the T&D networks with compact downtime & power outages. Modular or compact substation generally catches its application in power utilities, commercial, & industries. Major presence of such equipment can be seen in smart grid & solar & wind applications. Apart from these markets, there are short-term installations of substations in repair, construction or load sharing application. Skid mounted modular substation is a suitable solution for such applications with easy transportation & installation.
Global Modular Substation Market segment Analysis

Global Modular Substation Market is expected to witness high development on account of aging infrastructure requiring additional & refurbishment & growing T&D network expansions. Global modular substation market was valued USD 10.78 Bn in 2015 & is expected to reach USD xx Bn by 2027, at a CAGR of xx% from 2015 to 2027, with 33kV-400kV modular substations being the most commonly used modular substations for consistent power supply. Power utilities have been a main area of application of the modular substations.
Global Modular Substation Market Regional Analysis

By region, Asia-Pacific held the maximum share in 2019; it is followed by North America & Europe. China & Saudi Arabia have higher development potential for Modular substation. This development can be attributed to the improved investment in power sector in Saudi Arabia & progressive economic development of China. China is becoming the industrial hub as of low labour cost & growing urbanization. The country is undergoing fast economic development which would more than double the per capita electricity consumption by 2030. The market is estimated to dominate the global demand for the market during the forecast period.

In terms of development strategies, market key players have been forming contracts & agreements to build up their market foothold. This was followed by growths, new product launches, & mergers & acquisitions. A mix of organic & inorganic development plans has been observed in equal scopes along with the major developments that impacted the industry in the last years.
Global Modular Substation Market Competitive Landscape:

The objective of the report is to present a comprehensive analysis of the Global Modular Substation Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes Market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Modular Substation Market dynamics, structure by analyzing the Market segments and project the Global Modular Substation Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Modular Substation Market make the report investor’s guide.

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Global Modular Substation Market, by Type

• Skid Mounted
• Fixed
Global Modular Substation Market, by Voltage

• 11 Kv-33 Kv
• 33 Kv-400 Kv
• Above 400 Kv
Global Modular Substation Market, by Installation

• Air
• Gas
Global Modular Substation Market, by Application

• Power utilities
• Commercial
• Industrial
Global Modular Substation Market, by Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Modular Substation Market Key Players

• ABB Ltd. (Switzerland)
• Eaton Corporation Plc. (Ireland)
• Siemens AG (Germany)
• General Electric (U.S)
• Crompton Greaves Ltd. (India)
• Bharat Heavy Electricals Limited (India)
• SPX Transformers Solutions, Inc. (U.S)
• Skema S.P.A (Italy)
• ModPower Solutions (Mexico)
• Enerset Power solutions (U.S)
• American Modular Power Solutions, Inc. (U.S)
• CG Power
• TGood Global
• VEO Group
• Schneider Electric
• Emerson Electric Co.

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