Press release
Substation Market Growth Analysis and Trends forecast to 2024?Siemens, Emerson Electric, ABB and Eaton
The global substation market is anticipated to witness a lucrative growth rate in the forthcoming years, propelled by the vast number of projects undertaken for grid refurbishments. Rapid development of the current grid network together with continuing modernization of the grid is also positively impacting the demand for substation market.
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With ongoing industrialization focusing on fostering overall economic growth in a positive manner with help from foreign direct investments to support commercial and industrial establishments would also boost the demand for primary as well as secondary electric distribution infrastructure.
Additionally, rapid digitalization throughout industrial establishments has substantially integrated a competitive industry scenario, primarily due to the growing energy demand from data centers and communication base stations. The rising adoption of reliable, advanced, fire-resistant, energy efficient and reliable electric equipment has established a positive business scenario
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global substation market is estimated to surpass an annual installation of 24,500 units by 2025.
Utility aided by electrical infrastructure has been positively influenced by government and regulatory directives subject to the deployment of the grid. Regulatory schemes relating to the rural electrification along with the inclusion of decentralized micro-grid infrastructure throughout standalone regions have augmented the product penetration.
Furthermore, establishment of energy networks that are sustainable and are supported by investments from regulatory authorities and local institutions like the IFC, World Bank and other similar organizations throughout developing nations may positively influence the industry dynamics.
TOC For Substation Market Report:
Chapter 5 Global Substation Market, By Application
5.1 Global substation market share by application, 2019 & 2026
5.2 Transmission
5.2.1 Global market from transmission, 2015 - 2026
5.2.2 Global market from transmission, by region, 2015 - 2026
5.3 Distribution
5.3.1 Global market from distribution, 2015 - 2026
5.3.2 Global market from distribution, by region, 2015 - 2026
Chapter 6 Global Substation Market, By Connectivity
6.1 Global substation market share by connectivity, 2019 & 2026
6.2 < 33 kV
6.2.1 Global market from < 33 kV, 2015 - 2026
6.2.2 Global market from < 33 kV, by region, 2015 - 2026
6.3 33 to 110 kV
6.3.1 Global market from 33 to 110 kV, 2015 - 2026
6.3.2 Global market from 33 to 110 kV, by region, 2015 - 2026
6.4 110 to 220 kV
6.4.1 Global market from 110 to 220 kV, 2015 - 2026
6.4.2 Global market from 110 to 220 kV, by region, 2015 - 2026
6.5 220 to 550 kV
6.5.1 Global market from 220 to 550 kV, 2015 - 2026
6.5.2 Global market from 220 to 550 kV, by region, 2015 - 2026
6.6 > 550 kV
6.6.1 Global market from > 550 kV, 2015 - 2026
6.6.2 Global market from > 550 kV, by region, 2015 - 2026
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