Market Overview:
The global package substation market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and rising investments in power infrastructure across the globe. In terms of type, the below 36 kV segment is expected to dominate the market during the forecast period, owing to its low installation and maintenance costs as compared to other segments. However, the 36-150 kV segment is projected to grow at a higher CAGR due to increasing demand for high-voltage transmission lines across various regions. In terms of application, industries are expected to account for majority ofthe global package substation market duringthe forecast period. This can be attributedto growing investments by industrial players in countries such as China and India towards upgradation of their manufacturing facilities.
Product Definition:
A package substation is a small, self-contained power substation that is typically used to serve a single customer or group of customers. Package substations are important because they can help reduce the cost and complexity of installing and maintaining a larger power grid.
Below 36 kV:
Below 36 kV, it's usage.
*** The global package substation is expected to grow at a CAGR of XX% from 2016 to 2024. The substation is an equipment that supplies power supply facilities for the maintenance and operation of electrical lines. It comprises an insulating case made up of steel or concrete with circuit breakers installed inside which are connected by cables carrying voltage from one end to another.
36-150 kV:
36-150 kV is a high voltage power supply system that provides an adequate range of voltages for most substation equipment. It is used in various applications such as switchgears, distribution and transmission lines, transformers, circuit breakers and switchboard instruments. The increasing need to expand the capacity of electricity grids across the globe has led to an increase in investments by governments across the world.
Application Insights:
The industries application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing industrialization across developing countries including India, China, Brazil and so on. Industrial applications include chemical plants, refineries etc., where high voltage is not required but rather low-voltage power distribution system is preferred owing to safety requirements as well as cost-effectiveness reasons.
Power utilities & generation application segment accounted for second-largest market share in 2017 and was valued at USD 1,252 million in 2018 owing to growing demand from electrical power generating stations across developed countries such as Germany U.K., France Sweden Italy etc., High Voltage Direct Current (HVDC) transmission systems are used by utilities for long distance transmission especially between nations that have different voltage standards like U.S.
Regional Analysis:
Asia Pacific regional package substation market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing electricity demand in emerging economies such as China and India, along with growing investments in transmission & distribution infrastructure. In addition, rising number of nuclear power plants is also anticipated to drive the APAC regional market over the forecast period.
Europe was estimated at USD X million in 2017 and is projected to grow significantly over the forecast period owing to increasing penetration of renewable energy sources such as wind and solar energy for electricity generation. Furthermore, stringent regulations laid down by various regulatory bodies pertaining Transmission System Operators (TSO's) are expected drive industry growth across Europe region during the same period.
The North America regional market accounted for a significant share in terms of revenue share owing mainly high consumer awareness levels coupled with relatively higher disposable income levels compared with other regions across developing countries including Brazil, Mexico etc.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for power quality and reliability
- Development of smart grid technologies that enable two-way communication between the utility and customers
- Proliferation of renewable energy sources such as solar and wind
Scope Of The Report
Report Attributes
Report Details
Report Title
Package Substation Market Research Report
By Type
Below 36 kV, 36-150 kV
By Application
Industries, Power Utilities & Generation, Infrastructure
By Companies
ABB, Schneider Electric, Siemens, General Electric, Eaton, Asia Electrical Power Equipment, Brilltech Engineers, C&S Electric, Crompton Greaves, Kirloskar Electric, ABB, Littelfuse, Lucy Electric, PLVK Power Engineers & Consultants, Tgood Electric, Toshiba, Xiamen Qihong Machinery Electrical Equipment
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Package Substation Market Report Segments:
The global Package Substation market is segmented on the basis of:
Types
Below 36 kV, 36-150 kV
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
Industries, Power Utilities & Generation, Infrastructure
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
- Schneider Electric
- Siemens
- General Electric
- Eaton
- Asia Electrical Power Equipment
- Brilltech Engineers
- C&S Electric
- Crompton Greaves
- Kirloskar Electric
- ABB
- Littelfuse
- Lucy Electric
- PLVK Power Engineers & Consultants
- Tgood Electric
- Toshiba
- Xiamen Qihong Machinery Electrical Equipment
Highlights of The Package 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:
- Below 36 kV
- 36-150 kV
- By Application:
- Industries
- Power Utilities & Generation
- Infrastructure
- 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 Package 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?
Package Substation is a service that helps you manage your packages and dependencies. It provides an overview of all the packages in your project, their dependencies, and how they are related. You can also use Package Substation to install or update packages on your system.
Some of the major players in the package substation market are ABB, Schneider Electric, Siemens, General Electric, Eaton, Asia Electrical Power Equipment, Brilltech Engineers, C&S Electric, Crompton Greaves, Kirloskar Electric, ABB, Littelfuse, Lucy Electric, PLVK Power Engineers & Consultants, Tgood Electric, Toshiba, Xiamen Qihong Machinery Electrical Equipment.
The package substation market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Package Substation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Package Substation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Package Substation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Package Substation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Package Substation Market Size & Forecast, 2018-2028
4.5.1 Package Substation Market Size and Y-o-Y Growth
4.5.2 Package Substation Market Absolute $ Opportunity
Chapter 5 Global Package Substation Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Package Substation Market Size Forecast by Type
5.2.1 Below 36 kV
5.2.2 36-150 kV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Package Substation Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Package Substation Market Size Forecast by Applications
6.2.1 Industries
6.2.2 Power Utilities & Generation
6.2.3 Infrastructure
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Package Substation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Package Substation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Package Substation Analysis and Forecast
9.1 Introduction
9.2 North America Package Substation Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Package Substation Market Size Forecast by Type
9.6.1 Below 36 kV
9.6.2 36-150 kV
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Package Substation Market Size Forecast by Applications
9.10.1 Industries
9.10.2 Power Utilities & Generation
9.10.3 Infrastructure
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Package Substation Analysis and Forecast
10.1 Introduction
10.2 Europe Package Substation Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Package Substation Market Size Forecast by Type
10.6.1 Below 36 kV
10.6.2 36-150 kV
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Package Substation Market Size Forecast by Applications
10.10.1 Industries
10.10.2 Power Utilities & Generation
10.10.3 Infrastructure
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Package Substation Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Package Substation Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Package Substation Market Size Forecast by Type
11.6.1 Below 36 kV
11.6.2 36-150 kV
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Package Substation Market Size Forecast by Applications
11.10.1 Industries
11.10.2 Power Utilities & Generation
11.10.3 Infrastructure
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Package Substation Analysis and Forecast
12.1 Introduction
12.2 Latin America Package Substation Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Package Substation Market Size Forecast by Type
12.6.1 Below 36 kV
12.6.2 36-150 kV
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Package Substation Market Size Forecast by Applications
12.10.1 Industries
12.10.2 Power Utilities & Generation
12.10.3 Infrastructure
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Package Substation Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Package Substation Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Package Substation Market Size Forecast by Type
13.6.1 Below 36 kV
13.6.2 36-150 kV
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Package Substation Market Size Forecast by Applications
13.10.1 Industries
13.10.2 Power Utilities & Generation
13.10.3 Infrastructure
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Package Substation Market: Competitive Dashboard
14.2 Global Package Substation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Siemens
14.3.4 General Electric
14.3.5 Eaton
14.3.6 Asia Electrical Power Equipment
14.3.7 Brilltech Engineers
14.3.8 C&S Electric
14.3.9 Crompton Greaves
14.3.10 Kirloskar Electric
14.3.11 ABB
14.3.12 Littelfuse
14.3.13 Lucy Electric
14.3.14 PLVK Power Engineers & Consultants
14.3.15 Tgood Electric
14.3.16 Toshiba
14.3.17 Xiamen Qihong Machinery Electrical Equipment
