are custom-made according to individual customer requirements using products from a wide range which include convenient, single source packaged substation with minimum time and cost. These substations are highly flexible owing to the personalized configurations from the wide spectrum of existing products. The packaged substation housing is prepared from an arrangement of galvanized sheet of steel with particular specifications. Additionally, the sloping roof is made of light reinforced GRP material with peripheral ventilation.
Major factors which are all set to boost the packaged substation market
include power generation capacity add-ons for distribution networks as well as modernization of existing power infrastructures. Additionally, end-user industries are using packaged substations for power distribution purposes as well as to minimize power distribution losses. Growing investments from power utilities in order to advance their transmission and distribution network is all set to fuel the demand for packaged substations. Moreover, growing portion of renewable energy pertaining to electricity generation is yet another vital aspect which is anticipated to propel the global packaged substations market. Major types of packaged substations commercially available are high voltage, low voltage, transformer and more. The report also focuses on different geographic regions and the key countries in terms of changing trends in packaged substation market in various fields.
The global market for packaged substation was estimated to be $XX billion in 2015. The global market for packaged substation market is anticipated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. The packaged substation market is forecast to have the highest growth of XX% during the forecast period 2016-2021. Industrial & Power Utilities, Generation are the major end-users for packaged substation. Asia and Europe alone are estimated to occupy a share of more than XX% during 2016-2021.
The application segments are the major driver for the packaged substation market to grow. Packaged substation finds their applications in various segments like voltage type, application and more. APAC dominated the global packaged substation market. The industrial development in this region is all set to drive the demand of packaged substations. Major players involved in this market are mainly concentrating on R&D initiatives and new product developments to cater the needs of customers. Moreover, booming electronic & semiconductor industry will directly impact the demand of the packaged substation over the foreseeable period.
APAC is anticipated to be the largest market for global packaged substation market. It is forecast to have highest growth in the next few years owing to growing adoption of packaged substation in industrial, infrastructure, and power utilities & generation segment. The growth rate of packaged substation market is expected to increase in the next few years, with growing research and development in the field and launch of new product ranges. APAC is all set to emerge as the key demand generators for this market owing to its high adoption in transmission & distribution utilities as well as real estate sector, especially in India and China. However, the demand for packaged substations in Europe is mostly originating due to the growing share of renewable sources in electricity generation. Countries like Germany, France and U.K. are using packaged substations in their freshly installed renewable energy plants.
The global packaged substation market is evaluated based on key attributes such as base materials, application and others. Each of the segmentations in the report has been studied to give comprehensive analysis of global packaged substation market. The overall market has also been consolidated from the perspective of different geographic locations into standard geographic regions and key economies for this market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.The key players profiled in this report are:
- ABB Ltd
- Siemens AG
- Kirloskar Electric Company Ltd. and others.
This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. The study includes the demand of this particular market on a global and regional scale for a six year period of 2016-2021, both in terms of volume(kilo tons) and revenue($ million).