Global Containerized Substation Market

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Global Containerized Substation Market was valued at US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027.

Containerized substation is a time and cost-efficient alternative to constructing a concrete and bricks substation for power distribution applications. Containerized substations are mostly used in extreme environments such as mines and open-air construction sites. They are manufactured, assembled, and tested at the factory, allowing easy transport, fast installation, and commissioning at the site.

The report covers the detailed analysis of Global Containerized Substation Market with the classifications of the market on type, end-user and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.

The report has profiled nineteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimating the size of the same. Manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and report has come up with recommendations for future hot spot in North America region. Major country’s policies about manufacturing and its impact on Containerized Substation applications demand is covered in the report.

Market Dynamics-

Low cost and low startup time because of short installation and commissioning period on-site acts as a driver to the growth of the Global Containerized Substation Market. The needs for the site infrastructure, camp, specialists, and traveling are substantially reduced. Once the container is positioned and connected to the power and signal cables, the installation is operational within a few hours. They are supplied completely prefabricated with only need to set up and connect to an external supply.

Adaptability to the change of location and the surrounding environment have increased the demand for the containerized substation. They are properly ventilated and cooled, over-pressurized, and tight with no water and less dust ingress, which ensures a longer lifetime for the inside equipment. Heating, cooling, and ventilation systems are available in the container for sites with an extremely hot or low ambient temperature. They easily adapt to their environment and do not have to be incorporated into any building plans.

Increasing demand for replacement of existing substations because of their inefficiency and incapability has driven the growth of the Global Containerized Substation Market. Australia based utility, Ausgrid has invested over USD$ 19 Mn for the replacement of old substations.

Growing demand for modular substation and substation with improvement in design like mobile or electrical substation have made way for new opportunities for Global Containerized Substation Market.

Segment analysis-

The report groups the Global Containerized Substation Market in different segments by type, by end user, and by region to forecast the revenues and analyze the market share of each segment over the forecast period.

Global Containerized Substation Market

Based on end user, the energy and utility segment was dominant in 2019 and is expected to command the market share of xx% by 2027. Large-scale residential applications and rapid commercial expansion across the developing and developed economies of all the regions have contributed to the growth of the Global Containerized Substation Market. The construction segment use of containerized substations is also high owing to the increasing need for power and equipment at the required locations.

Based on type, up to 10MVA segment was dominant in 2019 and is expected to command the market share of xx% by 2027. These are the low and medium voltage substations used for residential and low commercial applications.

Regional Insights-

Global Containerized Substation Market1

North America is expected to command largest market share of xx% by 2027

An increase in commercial and industrial investment has developed the demand for efficient transmission and distribution facilities. Government initiatives of developing and developed economies of North America, like the US and France have put forth stringent regulatory norms for the promotion of substation automation and monitoring control system technologies. U.S. utilities including public power providers, cooperatives, and investor-owned utilities invested over USD 4.8 billion in smart grid technologies and control systems.

The European Commission have made the investment of over US$ 5.7 Bn for the development of smart grid, which has contributed to the growth of Global Containerized Substation Market in the region.

The report also helps in understanding the Global Containerized Substation Market dynamics, structure by analyzing the Market segments and project the Global Containerized Substation Market, which gives clear representation of competitive analysis of key players by price, financial position, Material portfolio, growth strategies, and regional presence in the Global Containerized Substation Market make the report investor’s guide.

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Scope of the report-

Global Containerized Substation Market, by type

• Up to 10MVA
• 11 MVA-25 MVA
• 25 MVA-100 MVA
• Above 100 MVA
Global Containerized Substation Market, by end user

• Energy and Utilities
• Construction
• Industrial
• Others
Global Containerized Substation Market, by region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Containerized Substation Market

• ABB
• Siemens AG
• General Electric
• Elgin Power Solutions
• Atlas Electric Inc.
• Aktif Group of Companies
• MEIDENSHA CORPORATION
• MATELEC Group
• JACOBSEN ELEKTRO AS
• Efacec
• AZZ Inc.
• Delta Star Inc.

This Report Is Submitted By : Maximize Market Research Company

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