Market Overview:
The global substation market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the global substation market can be attributed to the increasing demand for electricity and rising investments in power infrastructure. The global substation market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into below 36 kV and 36-150 kV. The below 36 kV segment is expected to account for a major share of the global substation market in 2018. This can be attributed to the increasing demand for electricity from residential and commercial sectors across regions. On the basis of application,the market is divided into power, industries, and infrastructure segments.
Product Definition:
A substation is a facility, usually a building, where transformers and switchgear are mounted to convert high voltage electricity from transmission lines to lower voltage levels for distribution to consumers. Substations also provide protection and control functions for the electrical grid.
Below 36 kV:
Below 36 kV, it's usage.
The global below 36 kV is expected to grow at a CAGR of XX% from 2017 to 2025. The growing demand for electricity along with rapid urbanization is the key driver for the below 36 kV industry growth.
36-150 kV:
36-150 kV is a high voltage power supply system that provides an adequate range of voltages for most substation applications. It has become the standard voltage range in many countries across the globe owing to its ability to provide stable and reliable power supply. The increasing demand for electricity along with growing population has led to rapid growth in infrastructure development, which also drives the market.
The rising need for new transmission.
Application Insights:
The power application segment dominated the global substation market in 2017 and is projected to witness significant growth over the forecast period. The growing demand for electricity, particularly in emerging economies including China, India and Brazil is expected to have a positive impact on industry growth.
Power stations require large quantities of high-quality steel products for the construction of transformers as well as other equipment required for the smooth functioning of power systems. This has resulted in an increased use of substations across various industries including oil & gas, mining and energy among others.
Industrial applications accounted for 21% share within the global revenue in 2017 owing to increasing industrialization across developing countries such as China, India and Brazil among others which are anticipated to drive demand over next eight years from 2018 till 2030.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for electricity from developing economies, such as China and India. The growing industrial sector in these countries is likely to drive product demand in Asia Pacific. In addition, rising investments in transmission and distribution infrastructure are also expected to fuel industry growth over the next eight years.
Europe was estimated as the second-largest regional market with a share of more than 20% in 2017 on account of high penetration of subtransmission structures coupled with developed industries along with extensive damage caused by storms across several countries including Germany, France and U.K., which resulted into huge loss of human life and property leading towards economic slowdown for long termers thus affecting overall industry growth negatively.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Proliferation of smart grids and substation automation technologies
- Stringent government regulations for power quality and reliability
- Growing investments in renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Substation Market Research Report
By Type
Below 36 kV, 36-150 kV
By Application
Power, Industries, 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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Substation Market Report Segments:
The global 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
Power, Industries, 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 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:
- Power
- Industries
- 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 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?
Substation is a decentralized energy trading platform that allows users to buy and sell electricity using blockchain technology. It also provides a secure, transparent, and affordable way for people to access clean energy.
Some of the major companies in the 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.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Substation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Substation Market Size & Forecast, 2020-2028
4.5.1 Substation Market Size and Y-o-Y Growth
4.5.2 Substation Market Absolute $ Opportunity
Chapter 5 Global 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 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 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 Market Size Forecast by Applications
6.2.1 Power
6.2.2 Industries
6.2.3 Infrastructure
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 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 Market Size Forecast by Applications
9.10.1 Power
9.10.2 Industries
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 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 Market Size Forecast by Applications
10.10.1 Power
10.10.2 Industries
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 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 Market Size Forecast by Applications
11.10.1 Power
11.10.2 Industries
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 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 Market Size Forecast by Applications
12.10.1 Power
12.10.2 Industries
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) 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) Market Size Forecast by Applications
13.10.1 Power
13.10.2 Industries
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 Substation Market: Competitive Dashboard
14.2 Global 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
