Press release
Modular Substation Market 2021 Competitive Insights - ABB Ltd, Eaton Corporation PLC, Siemens AG, CG Power and Industrial Solutions Ltd
The Modular Substation Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global modular substation market is expected to grow at a CAGR of over 5% during the forecast period.
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Top Leading Companies of Modular Substation Market are ABB Ltd, Eaton Corporation PLC, Siemens AG, CG Power and Industrial Solutions Ltd, General Electric Company, Schneider Electric SE, Ampcontrol Ltd, TGOOD Global Ltd., LS Electric Co. Ltd and others.
Key Market Trends
Utilities Segment to Dominate the Market
- Power utilities are expected to increase the demand for substation automation market, owing to factors like rising in electricity demand globally, high demand for smart grids, and increasing need for upgradation of the existing transmission and distribution networks. Furthermore, power generation companies are looking for cost-saving opportunities provided by the application of modular substations.
- Moreover, the increased need to reduce transmission and distribution loss is also fuelling the growth of the modular substation market. In addition, the need to reduce outrage time by real-time monitoring of faults and using automated systems to resume services is also boosting the growth of the utility segment.
- Moreover, the modular substation segment is expected to witness significant demand over the forecast period, due to the rapid improvement in the power distribution sector through the implementation of smart grid and smart meter technology.
- Countries in the Middle-East and African region, such as Oman and Saudi Arabia, are also investing in the expansion and restructuring of distribution power grids, which increases the growth prospects of the modular substation market segment.
Regional Outlook of Modular Substation Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Modular Substation Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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