PUNE, India, October 9, 2015 /PRNewswire/ --
The report "Modular Substation Market by Application (Power
Utilities, Commercial, Industrial), Voltage (11-33kV, 33-400kV,
& above 400kV), Type (Trailer Mounted & Fixed), Insulation
(Air-insulated & Gas-insulated), & by Region - Global
Trends and Forecast to 2020" published by MarketsandMarkets,
Global Modular Substation Market is estimated to be at USD 10.78 Billion in 2015 and is projected to
reach USD 16.48 Billion by 2020, at a
CAGR of 8.85% from 2015 to 2020.
Browse 84 market data Tables and 57 Figures
spread through 158 Pages and in-depth TOC
on "Modular Substation
Market"
http://www.marketsandmarkets.com/Market-Reports/modular-substation-market-403992.html
Early buyers will receive 10% customization on this
report.
This study on the modular or compact substation market defines
and segments the market through regional forecast and segment
revenue estimates till 2020. Key market players from the industry
segment have been studied to track developments, technologies, and
other key business strategies that define the modular substation
market environment.
Global modular substation market is estimated to be at
USD 10.78 Billion in 2015 and is
projected to reach USD 16.48 Billion
by 2020, at a CAGR of 8.85% from 2015 to 2020. Major drivers
identified behind this growth include high rate of urbanization
& industrialization and aging infrastructure requiring
refurbishment & replacement.
Asia-Pacific: The largest
market for modular substation
Asia-Pacific was the largest
market for modular substation in 2014, driven largely by the
developments in fast growing economies such as China, India
and other countries in the Southeast
Asia. These developments are due to rapid urbanization and
growing energy needs. Moreover, the adoption of smart grid &
substation projects and focus on industrialization projects require
modernized grid facilities that reduce environmental impact and
improve reliability by using equipment such as modular
substation.
Power Utilities: Biggest market by application
Power utilities started to utilize modular substations to a
great extent, and currently are the largest consumers of such
equipment. Modular substation help utilities to efficiently operate
their power related infrastructure for power generation,
transmission, and distribution purposes. Moreover, these solutions
help utilities in integration of distributed generation with the
central grid, thereby reducing power losses. Expansion of T&D
networks and capacity additions are proportionately pushing the
demand for modular substation in power utilities segment. Power
utilities account for an estimated 43.5% market share in the
modular substation market in 2015.
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Key players in the modular substation market include ABB Ltd.
(Switzerland), Eaton Corporation
(Ireland), Siemens AG
(Germany), General Electric
Company (U.S.), and Crompton Greaves Ltd. (India). Competitive analysis of these players
has been included in the report, along with market share for the
top five players. Recent developments and other strategies have
also been analyzed to identify the most widely followed growth
strategies in the industry. Impact analysis of various developments
is also provided in the competitive landscape. Company profiles
highlight the market presence of the major players in the modular
substation market. Moreover, strengths, weakness, opportunities,
and threats to the top 5 market players have been identified within
the company profiles. Accordingly, the recommendation on the future
outlook of the company is provided under the MarketsandMarkets
view, which offers meaningful insights for the future development
of the companies discussed in the report.
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