The global electrical substation market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for power transmission and distribution, as well as manufacturing and processing facilities in emerging economies such as India and China. The Asia Pacific region is expected to be the fastest-growing region in terms of revenue generation, with a CAGR of 5.6%.
Some Of The Growth Factors Of This Market:
- The increasing demand for electricity in developing countries is a major factor driving the growth of the electrical substation market.
- The need to replace aging infrastructure is also a key driver of the electrical substation market.
- Increasing investments in renewable energy sources such as solar and wind power are also driving the growth of this market, as they require more substations to be built to connect them with the grid and provide backup power when needed.
- The increasing number of electric vehicles on roads will also drive demand for new substations, as they will require more charging stations which will need to be connected with an electrical grid that can provide enough power at all times, without interruption or downtime due to maintenance or other issues that may arise from time-to-time during operation.
- Increasing urbanization rates in developing countries are another factor driving this market's growth, as it requires more infrastructure such as electrical substations and transmission lines to be built in order for these areas to have access to electricity.
Industry Growth Insights published a new data on “Electrical Substation Market”. The research report is titled “Electrical Substation Market research by Types (AIS Substation, GIS Substation, Others), By Applications (Power Transmission and Distribution, Manufacturing and Processing, Others), By Players/Companies ABB, GE Grid Solutions, Siemens, Mitsubishi Electric, Toshiba, MYR Group, MVM OVIT Zrt, Apollo Power Systems Pvt .Ltd, Tekfen Construction and Installation, Trans-Africa Projects, Schneider Electric, Hyosung, Xi’an XD High Voltage, Shandong Taikai, Pinggao Electric Co., Ltd, Chint Group, Ormazabal”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Substation Market Research Report
By Type
AIS Substation, GIS Substation, Others
By Application
Power Transmission and Distribution, Manufacturing and Processing, Others
By Companies
ABB, GE Grid Solutions, Siemens, Mitsubishi Electric, Toshiba, MYR Group, MVM OVIT Zrt, Apollo Power Systems Pvt .Ltd, Tekfen Construction and Installation, Trans-Africa Projects, Schneider Electric, Hyosung, Xi’an XD High Voltage, Shandong Taikai, Pinggao Electric Co., Ltd, Chint Group, Ormazabal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Substation Market Report Segments:
The global Electrical Substation market is segmented on the basis of:
Types
AIS Substation, GIS Substation, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Transmission and Distribution, Manufacturing and Processing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- GE Grid Solutions
- Siemens
- Mitsubishi Electric
- Toshiba
- MYR Group
- MVM OVIT Zrt
- Apollo Power Systems Pvt .Ltd
- Tekfen Construction and Installation
- Trans-Africa Projects
- Schneider Electric
- Hyosung
- Xi’an XD High Voltage
- Shandong Taikai
- Pinggao Electric Co., Ltd
- Chint Group
- Ormazabal
Highlights of The Electrical Substation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AIS Substation
- GIS Substation
- Others
- By Application:
- Power Transmission and Distribution
- Manufacturing and Processing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Substation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electrical substation is a facility that provides electricity to customers. It may be located in one place or it may be spread out over a large area.
Some of the key players operating in the electrical substation market are ABB, GE Grid Solutions, Siemens, Mitsubishi Electric, Toshiba, MYR Group, MVM OVIT Zrt, Apollo Power Systems Pvt .Ltd, Tekfen Construction and Installation, Trans-Africa Projects, Schneider Electric, Hyosung, Xi¢â‚¬â„¢an XD High Voltage, Shandong Taikai, Pinggao Electric Co., Ltd, Chint Group, Ormazabal.
The electrical substation market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrical Substation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrical Substation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrical Substation Market - Supply Chain
4.5. Global Electrical Substation Market Forecast
4.5.1. Electrical Substation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrical Substation Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrical Substation Market Absolute $ Opportunity
5. Global Electrical Substation Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrical Substation Market Size and Volume Forecast by Type
5.3.1. AIS Substation
5.3.2. GIS Substation
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrical Substation Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrical Substation Market Size and Volume Forecast by Application
6.3.1. Power Transmission and Distribution
6.3.2. Manufacturing and Processing
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrical Substation Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrical Substation Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrical Substation Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrical Substation Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrical Substation Demand Share Forecast, 2019-2026
9. North America Electrical Substation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrical Substation Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrical Substation Market Size and Volume Forecast by Application
9.4.1. Power Transmission and Distribution
9.4.2. Manufacturing and Processing
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrical Substation Market Size and Volume Forecast by Type
9.7.1. AIS Substation
9.7.2. GIS Substation
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrical Substation Demand Share Forecast, 2019-2026
10. Latin America Electrical Substation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrical Substation Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrical Substation Market Size and Volume Forecast by Application
10.4.1. Power Transmission and Distribution
10.4.2. Manufacturing and Processing
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrical Substation Market Size and Volume Forecast by Type
10.7.1. AIS Substation
10.7.2. GIS Substation
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrical Substation Demand Share Forecast, 2019-2026
11. Europe Electrical Substation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrical Substation Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrical Substation Market Size and Volume Forecast by Application
11.4.1. Power Transmission and Distribution
11.4.2. Manufacturing and Processing
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrical Substation Market Size and Volume Forecast by Type
11.7.1. AIS Substation
11.7.2. GIS Substation
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrical Substation Demand Share, 2019-2026
12. Asia Pacific Electrical Substation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrical Substation Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrical Substation Market Size and Volume Forecast by Application
12.4.1. Power Transmission and Distribution
12.4.2. Manufacturing and Processing
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrical Substation Market Size and Volume Forecast by Type
12.7.1. AIS Substation
12.7.2. GIS Substation
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrical Substation Demand Share, 2019-2026
13. Middle East & Africa Electrical Substation Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrical Substation Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrical Substation Market Size and Volume Forecast by Application
13.4.1. Power Transmission and Distribution
13.4.2. Manufacturing and Processing
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrical Substation Market Size and Volume Forecast by Type
13.7.1. AIS Substation
13.7.2. GIS Substation
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrical Substation Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrical Substation Market: Market Share Analysis
14.2. Electrical Substation Distributors and Customers
14.3. Electrical Substation Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE Grid Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toshiba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MYR Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MVM OVIT Zrt
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Apollo Power Systems Pvt .Ltd
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tekfen Construction and Installation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Trans-Africa Projects
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Schneider Electric
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hyosung
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Xian XD High Voltage
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shandong Taikai
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Pinggao Electric Co., Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Chint Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ormazabal
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
