Modular Substation Market 2021 Evaluation, Geographical Analysis and Revenue by Regions -2027

Comments · 285 Views

The distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients t

Market Analysis 

Modular Substation Market size is projected to be worth USD 26.85 Billion by 2027, registering a CAGR of 9.05% during the forecast period (2021 - 2027), The market was valued at USD 16.12 billion in 2020.

Various factors are propelling the Modular Substation Market. According to the recent MRFR report, such factors include the growing modernization of electric substations, growing industrialization, and urbanization, cost-effective compact, ample commercial and technical benefits, ready to install, reduce spatial need, and growing power generation capacity plan worldwide. Additional factors adding market growth include the burgeoning need for refurbishing/replacing of aging substation infrastructure, increasing electricity demand in India China, booming infrastructural and industrial development activities, lower installation time, space saving, and enhances aesthetics and safety. 

However, a slow implementation of various electrification projects worldwide as well as soaring cost related to modular substation, and the on-going COVID-19 impact are factors that may impede the global modular substation market growth over the forecast period

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7657

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global modular substation market based on application, insulation type, type, and voltage. 

  • By voltage, the global modular substation market is segmented into above 400kV, 33k-400kV, and 11kV-33kV. Of these, the 33kV-400kV segment will have a major share in the market over the forecast period. 
  • By types, the global modular substation market is segmented into fixed and skid/trailer mounted. Of these, the skid/trailer mounted segment will dominate the market over the forecast period. 
  • By insulation type, the global modular substation market is segmented into gas and air. 
  • By application, the global modular substation market is segmented into industrial, power utilities, and commercial. Of these, power utilities will lead the market over the forecast period. 

Regional Analysis 

Based on the region, the global Modular Substation Market Size report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, the Middle East and Africa (MEA). Of these, the global modular substation market in the APAC region is predicted to spearhead the market over the forecast period. The presence of aging power infrastructure, growing industrialization and urbanization, rising demand for power solutions for investments in power generation capacity additions, and growing energy generation needs are adding to the global modular substation market growth in the region. 

The global modular substation market in North America is predicted to have sound growth over the forecast period. The refurbishment of the existing power infrastructure is adding to the global modular substation market growth in the region. 

The global modular substation market in Europe is predicted to have steady growth over the forecast period. Growing adoption of the modular substation, renovation and retrofitting of old technology, increasing investments in power utility, the launch of new products, more-intense competition, and rising expenditure on industrial fields are adding to the global modular substation market growth in the region. 

The global modular substation market in the MEA is predicted to have healthy growth over the forecast period. Growing infrastructural developments is adding to the global modular substation market growth in the region. 

READ MORE @

https://www.marketpressrelease.com/Modular-Substation-Market-2019-Trend-CAGR-Status-Growth-Analysis-and-Forecast-To-2027-1601305803.html

https://newswiredesk.com/newswire/modular-substation-market-2019-competitive-landscape-production-supply-demand-industry-structure-size-share-trends-growth-prospects-demand-analysis-and-forecast-to-2023/

Key Players

Leading contenders profiled in the global modular substation market report include 

  • American Modular Power Solutions Inc. (US)
  • Enerset Power Solutions (US)
  • ModPower Solutions (Mexico)
  • Skema S.P.A. (Italy)
  • SPX Transformer Solutions Inc. (US)
  • Bharat Heavy Electricals Limited (India)
  • Crompton Greaves Ltd (India)
  • General Electric (US)
  • Siemens AG (Germany)
  • Eaton Corporation Plc (Ireland)
  • ABB Ltd. (Switzerland)

Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

Continued…

For More Details On this Report: https://www.marketresearchfuture.com/reports/modular-substation-market-7657

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter

Contact:

Market Research Future
Phone:
+1 628 258 0071(US) 
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com

LinkedIn @ https://www.linkedin.com/posts/amar-nikade-015184214_modular-substation-market-size-share-growth-activity-6815991715233628160-lrPx

Comments