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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 33.86 billion by 2030 | 8.7% | North America |
| by Type | by Application | by Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Modular Substation Market Overview
The modular substation market is expected to grow at 8.7% CAGR from 2023 to 2030. It is expected to reach above USD 33.86 billion by 2030 from USD 15.98 billion in 2023.
A modular substation is a prefabricated unit that includes all the necessary transformers, switchgear, and control systems found in a typical substation. These substations’ modular architecture makes for quick and simple installation and decreases the overall cost and duration of construction compared to a traditional substation. Depending on the particular use and requirements, the modular substation can be erected either indoors or outside.
Modular substations are favored over traditional ones due to faster installation times, lower costs for civil work and maintenance, improved safety and reliability, and lower carbon footprint. Their advantages have led to increased usage in power utilities, industrial, commercial, renewable energy, and oil & gas industries. The market is expected to grow significantly due to the demand for power infrastructure, renewable energy, and cost-effective power solutions.
The modular substation market is being driven by several factors. Like the increasing demand for reliable and efficient power supply in both developed and developing economies is fueling the growth of the market. Modular substations are easy to install, require minimal maintenance, and can be easily relocated if necessary, making them an attractive option for power utilities and industries alike.
The market for modular substations is also being driven by the increasing emphasis on renewable energy sources. The growing usage of solar and wind energy necessitates their incorporation into the current electrical grid, which in turn necessitates the construction of new substations. Since they can be quickly and easily installed in remote locations, modular substations are the perfect solution for this problem and a practical one for renewable energy projects.
The modular substation market presents significant opportunities for growth due to the increasing demand for power infrastructure development, the need for reliable power supply, and the rising demand for renewable energy sources. Furthermore, the increasing adoption of modular substations in remote locations and harsh environments, coupled with the flexibility, scalability, and cost-effectiveness of modular solutions, are also expected to drive the market growth. The market players can leverage these opportunities by developing innovative products and expanding their presence in emerging economies.
The high initial cost of putting up these substations compared to regular substations is one of the major barriers in the modular substation market. It might also be difficult to install and maintain modular substations due to a skilled labor shortage. Additionally, the availability of refurbished and used substations may restrain the expansion of the modular substation market, particularly in areas where end-users are highly concerned about budgetary restraints.
The modular substation market has been influenced by the COVID-19 epidemic in a number of ways. Due to lockdowns and other movement restrictions, the pandemic has caused supply chain disruptions, decreased demand, and delays in project execution. The market has also saw a shift in focus away from power infrastructure expansion and towards important projects like hospitals. However, it is anticipated that the market will grow in the post-pandemic period due to the demand for renewable energy sources and the requirement for dependable power infrastructure.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2030 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2030 |
| Historical period | 2019-2021 |
| Unit | Value (USD Billion) (Thousand Units) |
| Segmentation | By Type, By Voltage, By Application, By Region |
| By Type |
|
| By Voltage |
|
| By Application |
|
| By Region |
|
Modular Substation Market Segment Analysis
The modular substation market is segmented based on type, voltage, application and region.
Based on type, the modular substation market can be segmented based on type into fixed, skid mounted, and containerized modular substations. The fixed modular substation segment dominates the market due to its lower cost and ease of installation, while the containerized segment is expected to grow due to its portability and flexibility.
Based on voltage, voltage can be used to divide the modular substation market into three segments: low voltage (up to 1 kV), medium voltage (between 1 kV and 33 kV), and high voltage (above 33 kV). The rising demand for renewable energy and the development of power infrastructure in emerging economies are likely to cause the medium voltage segment to expand more quickly.
Based on application, applications such as power utilities, industrial, commercial, renewable energy, and oil & gas can be used to segment the modular substation market. Due to the rising need for power in industrial applications, the industrial segment is anticipated to lead the market, followed by the power utilities segment, which is anticipated to expand due to the expansion of infrastructure.
Modular Substation Market Players
The Modular Substation market key Simens AG, ABB Ltd, Eaton Corporation, General Electric Company, Powell Industries Inc, Aktif Group, Crompton Greaves Limited, AZZ Inc, Elgin Power Solutions, Bharat Heavy Electricals Limited, Toshiba Corporation, WEG SA.
Latest News:
17-04-2023: GE Gas Power (NYSE: GE) announced on a past date the completion of the Swiss Federal Office of Energy (SFOE)’s temporary reserve power plant located at GE’s Manufacturing Center in Birr, approximately 30 km west of Zurich.
11-04-2023: – GE Power Conversion was chosen by Keppel Shipyard for the design, supply, and delivery of two electrical modules for Petrobras’ Floating Production Storage Offloading vessels (FPSO), coded P-80 and P-83, which were used for offshore energy production.
Modular Substation Market Regional Analysis
The Modular Substation market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
North America accounts for 37% of the market for Modular Substation worldwide. The modular substation market in North America is expected to grow steadily due to the increasing demand for renewable energy sources and the need for power infrastructure development. The United States and Canada are the major markets in the region, with a growing focus on grid modernization and transmission and distribution infrastructure upgrades. The high voltage modular substation segment is expected to dominate the market due to the increasing demand for power transmission and distribution infrastructure development in the region. The industrial and renewable energy segments are also expected to contribute significantly to the market growth.
Due to the rising demand for the expansion of power infrastructure and renewable energy sources in nations like China and India, the modular substation market in the Asia Pacific is anticipated to expand at a substantial rate. Due to the need to upgrade ageing power infrastructure, the medium voltage sector is predicted to dominate the market. The commercial and industrial sectors are also anticipated to support market expansion in the area.
Key Market Segments: Modular substation market
Modular Substation Market by Type, 2020-2030, (USD Billion) (Thousand Units)
- Fixed Modular Substation
- Skid Modular Substation
- Containerized Modular Substation
Modular Substation Market by Voltage, 2020-2030, (USD Billion) (Thousand Units)
- Low Voltage
- Medium Voltage
- High Voltage
Modular Substation Market by Application, 2020-2030, (USD Billion) (Thousand Units)
- Power Utilities
- Industrial
- Commercial
- Renewable Energy
- Oil & Gas
Modular Substation Market by Region, 2020-2030, (USD Billion) (Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered.
Who Should Buy? Or Key stakeholders
- Power Utilities
- Industrial Companies
- Renewable Energy
- Government Agencies
- Commercial Buildings
- Investors
- Others
Key Question Answered
- What is the expected growth rate of the modular substation market over the next 7 years?
- Who are the major players in the modular substation market and what is their market share?
- What are the application industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, And Africa?
- How is the economic environment affecting the modular substation market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the modular substation market?
- What is the current and forecasted size and growth rate of the global modular substation market?
- What are the key drivers of growth in the modular substation market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the modular substation market?
- What are the technological advancements and innovations in the modular substation market and their impact on type development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the modular substation market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the modular substation market?
- What are the service offerings and specifications of leading players in the market?
- What is the pricing trend of modular substation in the market and what is the impact of raw process prices on the price trend?
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL MODULAR SUBSTATION MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON MODULAR SUBSTATION MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL MODULAR SUBSTATION MARKET OUTLOOK
- GLOBAL MODULAR SUBSTATION MARKET BY TYPE (USD BILLION, THOUSAND UNITS), 2020-2030
- FIXED MODULAR SUBSTATION
- SKID MODULAR SUBSTATION
- CONTAINERIZED MODLAR SUBSTATION
- GLOBAL MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION, THOUSAND UNITS), 2020-2030
- LOW VOLTAGE
- MEDIUM VOLTAGE
- HIGH VOLTAGE
- GLOBAL MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION, THOUSAND UNITS), 2020-2030
- SMART GRID
- GLOBAL MODULAR SUBSTATION MARKET BY REGION (USD BILLION, THOUSAND UNITS), 2020-2030
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- SIEMENS AG
- ABB LTD
- EATON CORPORATION
- GENERAL ELECTRIC COMPANY
- POWELL INDUSTRIES INC
- AKTIF GROUP
- CROMPTON GREAVES KIMITED
- AZZ INC
- ELIGN POWER SOLUTIONS
- BHARAT HEAVY ELECTRICALS LIMITED
- TOSHIBA CORPORATION*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 2 GLOBAL MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 3 GLOBAL MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 4 GLOBAL MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 5 GLOBAL MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 6 GLOBAL MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 7 GLOBAL MODULAR SUBSTATION MARKET BY REGION (USD BILLION) 2020-2030
TABLE 8 GLOBAL MODULAR SUBSTATION MARKET BY REGION (THOUSAND UNITS) 2020-2030
TABLE 9 NORTH AMERICA MODULAR SUBSTATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 10 NORTH AMERICA MODULAR SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 11 NORTH AMERICA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 12 NORTH AMERICA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 13 NORTH AMERICA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 14 NORTH AMERICA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 15 NORTH AMERICA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 16 NORTH AMERICA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 17 US MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 18 US MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 19 US MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 20 US MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 21 US MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 22 US MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 23 CANADA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 24 CANADA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 25 CANADA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 26 CANADA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 27 CANADA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 28 CANADA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 29 MEXICO MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 30 MEXICO MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 31 MEXICO MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 32 MEXICO MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 33 MEXICO MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 34 MEXICO MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 35 SOUTH AMERICA MODULAR SUBSTATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 36 SOUTH AMERICA MODULAR SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 37 SOUTH AMERICA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 38 SOUTH AMERICA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 39 SOUTH AMERICA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 40 SOUTH AMERICA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 41 SOUTH AMERICA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 42 SOUTH AMERICA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 43 BRAZIL MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 44 BRAZIL MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 45 BRAZIL MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 46 BRAZIL MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 47 BRAZIL MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 48 BRAZIL MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 49 ARGENTINA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 50 ARGENTINA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 51 ARGENTINA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 52 ARGENTINA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 53 ARGENTINA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 54 ARGENTINA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 55 COLOMBIA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 56 COLOMBIA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 57 COLOMBIA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 58 COLOMBIA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 59 COLOMBIA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 60 COLOMBIA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 61 REST OF SOUTH AMERICA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 62 REST OF SOUTH AMERICA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 63 REST OF SOUTH AMERICA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 64 REST OF SOUTH AMERICA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 65 REST OF SOUTH AMERICA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 66 REST OF SOUTH AMERICA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 67 ASIA-PACIFIC MODULAR SUBSTATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 68 ASIA-PACIFIC MODULAR SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 69 ASIA-PACIFIC MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 70 ASIA-PACIFIC MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 71 ASIA-PACIFIC MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 72 ASIA-PACIFIC MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 73 ASIA-PACIFIC MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 74 ASIA-PACIFIC MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 75 INDIA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 76 INDIA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 77 INDIA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 78 INDIA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 79 INDIA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 80 INDIA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 81 CHINA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 82 CHINA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 83 CHINA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 84 CHINA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 85 CHINA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 86 CHINA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 87 JAPAN MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 88 JAPAN MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 89 JAPAN MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 90 JAPAN MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 91 JAPAN MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 92 JAPAN MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 93 SOUTH KOREA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 94 SOUTH KOREA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 95 SOUTH KOREA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 96 SOUTH KOREA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 97 SOUTH KOREA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 98 SOUTH KOREA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 99 AUSTRALIA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 100 AUSTRALIA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 101 AUSTRALIA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 102 AUSTRALIA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 103 AUSTRALIA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 104 AUSTRALIA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 105 SOUTH-EAST ASIA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 106 SOUTH-EAST ASIA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 107 SOUTH-EAST ASIA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 108 SOUTH-EAST ASIA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 109 SOUTH-EAST ASIA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 110 SOUTH-EAST ASIA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 111 REST OF ASIA PACIFIC MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 112 REST OF ASIA PACIFIC MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 113 REST OF ASIA PACIFIC MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 114 REST OF ASIA PACIFIC MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 115 REST OF ASIA PACIFIC MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 116 REST OF ASIA PACIFIC MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 117 EUROPE MODULAR SUBSTATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 118 EUROPE MODULAR SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 119 EUROPE MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 120 EUROPE MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 121 EUROPE MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 122 EUROPE MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 123 EUROPE MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 124 EUROPE MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 125 GERMANY MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 126 GERMANY MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 127 GERMANY MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 128 GERMANY MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 129 GERMANY MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 130 GERMANY MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 131 UK MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 132 UK MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 133 UK MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 134 UK MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 135 UK MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 136 UK MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 137 FRANCE MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 138 FRANCE MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 139 FRANCE MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 140 FRANCE MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 141 FRANCE MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 142 FRANCE MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 143 ITALY MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 144 ITALY MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 145 ITALY MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 146 ITALY MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 147 ITALY MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 148 ITALY MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 149 SPAIN MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 150 SPAIN MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 151 SPAIN MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 152 SPAIN MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 153 SPAIN MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 154 SPAIN MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 155 RUSSIA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 156 RUSSIA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 157 RUSSIA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 158 RUSSIA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 159 RUSSIA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 160 RUSSIA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 161 REST OF EUROPE MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 162 REST OF EUROPE MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 163 REST OF EUROPE MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 164 REST OF EUROPE MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 165 REST OF EUROPE MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 166 REST OF EUROPE MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 167 MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 168 MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 169 MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 170 MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 171 MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 172 MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 173 MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 174 MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 175 UAE MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 176 UAE MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 177 UAE MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 178 UAE MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 179 UAE MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 180 UAE MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 181 SAUDI ARABIA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 182 SAUDI ARABIA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 183 SAUDI ARABIA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 184 SAUDI ARABIA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 185 SAUDI ARABIA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 186 SAUDI ARABIA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 187 SOUTH AFRICA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 188 SOUTH AFRICA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 189 SOUTH AFRICA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 190 SOUTH AFRICA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 191 SOUTH AFRICA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 192 SOUTH AFRICA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
TABLE 193 REST OF MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 194 REST OF MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY TYPE (THOUSAND UNITS) 2020-2030
TABLE 195 REST OF MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY VOLTAGE (USD BILLION) 2020-2030
TABLE 196 REST OF MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY VOLTAGE (THOUSAND UNITS) 2020-2030
TABLE 197 REST OF MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY APPLICATION (USD BILLION) 2020-2030
TABLE 198 REST OF MIDDLE EAST AND AFRICA MODULAR SUBSTATION MARKET BY APPLICATION (THOUSAND UNITS) 2020-2030
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 3 BOTTOM-UP APPROACH
FIGURE 4 RESEARCH FLOW
FIGURE 5 GLOBAL MODULAR SUBSTATION MARKET BY TYPE, USD BILLION, 2020-2030
FIGURE 6 GLOBAL MODULAR SUBSTATION MARKET BY VOLTAGE, USD BILLION, 2020-2030
FIGURE 7 GLOBAL MODULAR SUBSTATION MARKET BY APPLICATION, USD BILLION, 2020-2030
FIGURE 8 GLOBAL MODULAR SUBSTATION MARKET BY REGION, USD BILLION, 2020-2030
FIGURE 9 PORTER’S FIVE FORCES MODEL
FIGURE 10 GLOBAL MODULAR SUBSTATION MARKET BY TYPE, USD BILLION, 2022
FIGURE 11 GLOBAL MODULAR SUBSTATION MARKET BY VOLTAGE, USD BILLION, 2022
FIGURE 12 GLOBAL MODULAR SUBSTATION MARKET BY APPLICATION, USD BILLION, 2022
FIGURE 13 GLOBAL MODULAR SUBSTATION MARKET BY REGION, USD BILLION, 2022
FIGURE 14 MARKET SHARE ANALYSIS
FIGURE 15 SIMENS AG: COMPANY SNAPSHOT
FIGURE 16 ABB LTD: COMPANY SNAPSHOT
FIGURE 17 EATON CORPORATION.: COMPANY SNAPSHOT
FIGURE 18 GENRAL ELECTRIC COMPANY.: COMPANY SNAPSHOT
FIGURE 19 POWEL INDUSTRIES INC.: COMPANY SNAPSHOT
FIGURE 20 AKIF GROUP: COMPANY SNAPSHOT
FIGURE 21 CROMPTON GREAVES LIMITED: COMPANY SNAPSHOT
FIGURE 22 BHARAT HEAVY ELECTRICLAS LIMITED: COMPANY SNAPSHOT
FIGURE 23 AZZ INC: COMPANY SNAPSHOT
FIGURE 24 TOSHIBA CORPORATION: COMPANY SNAPSHOT
FIGURE 25 WEG SA: COMPANY SNAPSHOT
FAQ
The modular substation market is expected to grow at 8.7% CAGR from 2020 to 2029. It is expected to reach above USD 33.86 billion by 2029 from USD 15.98 billion in 2020.
North America held more than 37% of the modular substation market revenue share in 2021 and will witness expansion in the forecast period.
The modular substation market is being driven by several factors. Like the increasing demand for reliable and efficient power supply in both developed and developing economies is fueling the growth of the market. Modular substations are easy to install, require minimal maintenance, and can be easily relocated if necessary, making them an attractive option for power utilities and industries alike.
Based on type, the modular substation market can be segmented based on type into fixed, skid mounted, and containerized modular substations. The fixed modular substation segment dominates the market due to its lower cost and ease of installation, while the containerized segment is expected to grow due to its portability and flexibility.
North America accounts for 37% of the market for Modular Substation worldwide. The modular substation market in North America is expected to grow steadily due to the increasing demand for renewable energy sources and the need for power infrastructure development.
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