Packaged Substation Market Share 2021 Overview, Top Key Players, Demand, Industry Size, Growth Factor, Trends and Forecast to 2027 - ABB, GE, Eaton, Siemens

The Packaged Substation Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Packaged Substation Market Size is Projected to Reach at a CAGR of 11% during 2021-2027.

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Market Overview

Global economic slowdown, supply chain disruptions, fluctuations in demand, and long-term & immediate impact of the COVID-19 crisis had a negative effect on the market growth in terms of project delays and investments. A packaged substation is employed to minimize space utilization, (step-up or step-down) transform voltage, and protect equipment in the event of abnormalities. Factors such as increasing power generation capacity across the world, growing demand for replacing/refurbishing of ageing substation infrastructure, and increasing electricity demand, particularly in emerging economies such as China and India, owing to rapidly increasing industrial and infrastructural development activities, are expected to drive the market during the forecast period. However, factors such as lack of power handling capabilities when compared to large outdoor substations and others are expected to hinder the market growth for the next ten years.

The power utility segment is expected to witness significant demand during the forecast period as many developing countries are planning to upgrade their power distribution sector in the coming years.
The application of packed substations in the renewable energy sector of new and emerging countries is expected to create significant opportunities in the near future.
Asia-Pacific is expected to be the largest market with the majority of the demand coming from countries like China and India.

Top Leading Companies:

ABB, GE, Eaton, Siemens, Alfanar, CG Power and Industrial Solutions, Anord Mardix, Lucy Electric, KE ELECTRIC, DIS-TRAN, ESS METRON, C&S Electric

Recent Developments
In March 2021, Adani Transmission won the auction for the second package of Madhya Pradesh’s intra-state electricity transmission infrastructure project. The transmission works under the second package will be spread over the area of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company (MPMKVCL) and Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company (MPPOKWVCL). The project involves the construction of three 220/132kV substations, one 220/33kV substation and fourteen 132kV substations.
In March 2021, ADVA (ADVA Optical Networking SE) launched its OSA 5405-P substation grandmaster, an ultra-compact synchronization solution specifically designed for the digital transformation of power utility networks. The OSA 5405-P delivers the precise and reliable timing that utilities need to leverage new smart grid applications, including intelligent power generation, distribution and control systems.

ABB has acquired 39 companies, including 8 in the last 5 years. A total of 11 acquisitions came from private equity firms. It has also divested 6 assets. ABB’s largest acquisition to date was in 2010 when it acquired Baldor Electric for $4.2B. Its largest disclosed sale occurred in 2021 when it sold ABB - DODGE Mechanical Power Transmission Business to RBC Bearings for $2.9B. ABB has been acquired in 8 different US states, and 15 countries. The Company’s most targeted sectors include electrical equipment (38%) and technology hardware (18%).

General Electric has acquired 52 companies, including 8 in the last 5 years. A total of 24 acquisitions came from private equity firms. It has also divested 43 assets. General Electric’s largest acquisition to date was in 2015, when it acquired Alstom - Power and Grid businesses for $12.4B. Its largest disclosed sale occurred in 2007 when it sold SABIC Innovative Plastics US to Saudi Basic Industries for $11.6B. General Electric has acquired in 12 different US states, and 13 countries. The Company’s most targeted sectors include machinery (15%) and software (13%).

Packaged Substation Market Segmentation by Type:

Indoor Packaged Substation
Outdoor Packaged Substation

Packaged Substation Market Segmentation by Application:

Factory
Infrastructure
Commercial
Others

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Asia-Pacific to Dominate the Market
Asia-Pacific is expected to dominate the market, due to the increasing power generation capacity plans, growing demand for replacing/refurbishing ageing transmission and distribution networks, and increasing electricity demand, particularly in China and India, owing to rapidly increasing industrial and infrastructural development activities.
China has witnessed high rates of demand for electricity, owing to the unprecedented growth of the economy, coupled with factors, such as rapid industrialization and urbanization electricity.
Utilities and governments in China are developing new generation projects, particularly renewable energy, to meet the rising electricity demand. This is likely to require power infrastructure to accommodate these projects, which is expected to drive the growth of packaged substation market size in the country.
With Australia’s ageing electricity infrastructure, it has become crucial to refurbish/renovate the electricity distribution networks for increasing renewable energy generation. Moreover, the country has been taking initiatives to modernize its energy infrastructure, for which, the government is planning to invest nearly USD 5 billion each year into the transmission distribution network.

Regional Packaged Substation Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Packaged Substation Market Report:

Detailed overview of Packaged Substation Market
Changing the Packaged Substation market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Packaged Substation market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Packaged Substation Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Packaged Substation Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Packaged Substation industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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