PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324344
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324344
Containerized Substation Market Forecasts to 2030 - Global Analysis By Type (Up to 10MVA, 11 MVA-25 MVA and Above 100 MVA), End User (Energy and Utilities, Construction and Other End Users), and By Geography
According to Stratistics MRC, the Global Containerized Substation Market is growing at a CAGR of 9.0% during the forecast period. Containerized substations are made up of components that have been carefully planned, put together, and tested on-site. The internal thermal dissipation of the housed equipment as well as the climatic and environmental circumstances in which they will operate are taken into account when the thermal adjustment of the containers is made. The use of containerized substations has many benefits, both economically and technically. It results in more compact overall dimensions and simpler manoeuvrability during transportation and site positioning.
According to the internal thermal dissipation of the housed equipment as well as to the climatic and environmental conditions in which they will operate. Containerized substations solution offers a lot of advantages, both technical and economical.
Market Dynamics:
Driver:
Adaptability to a new setting and the immediate environment
The need for the containerized substation has grown as a result of its adaptability to changing environments. The inside equipment will last longer since they are adequately ventilated, cooled, over-pressurized, and tight with no water or significant amounts of dust entering. For places with exceptionally hot or cold ambient temperatures, the container has heating, cooling, and ventilation systems. They don't need to be included in any building plans and quickly adapt to their surroundings.
Restraint:
Greater reliance on imports
Raw materials including cables, steel, and alloys are used in the construction of transmission and distribution lines and towers. Many countries throughout the world import these alloys in large quantities. Additionally, the substations make extensive use of components, which are mostly imported by the majority of nations worldwide. The strong reliance on imports prevents the market from expanding since changing import and export laws affect how much such equipment ultimately costs.
Opportunity:
Low cost and low startup time
The global containerized substation market is growing as a result of low prices and quick setup times due to on-site installation and commissioning times. There is a significant reduction in the requirement for the camp, specialists, and travel. Within a few hours of the container being in place and linked to the power and signal connections, the installation is ready to use. They simply need to be put up and connected to an external source because they are delivered totally prefabricated.
Threat:
Concern regarding cyber attacks
The electric power grid is changing at a rapid rate, making it difficult for asset owners and operators of electricity infrastructure to keep track of industry and standards organization activities, understand how new technologies will affect security, and evaluate and monitor cybersecurity risks. As detection and protection technologies evolve to fend off increasingly complex threats, cybersecurity is a constant process. As a result, one of the key issues facing the market for digital substations is managing cybersecurity risks. However, it becomes vital to include software and solutions in conformity with the IEC 62443 standard in order to address cybersecurity concerns. This standard has established itself as one of the world's most futuristic security standards.
COVID-19 Impact:
Around the world, the COVID-19 pandemic has spread to almost every nation. Almost every sector of industry, including manufacturing, mining, railway, and oil & gas as well as power generation and oil & gas. Strict containment efforts were implemented by governments in numerous nations to stop the COVID-19 epidemic. Due to exceptional circumstances, the power generation, transmission, and distribution divisions have been negatively impacted.
The Up to 10MVA segment is expected to be the largest during the forecast period
The Up to 10MVA segment is estimated to have a lucrative growth. Megavolt-amperes is short for that unit. In an engineering system, it serves as the unit of measurement for electrical load. One million volt-amperes, or 1 MVA, is the same thing. However, 10mVA is equal to 10,000,000 volt-amperes. Since 10mva substation transformers have a higher voltage capacity, businesses and industries employ them most frequently. The greatest capacity of pad-mounted transformers is typically 5000 kVA, however Daelim's pad-mounted transformers have capacities of 7.5 MVA and 10 MVA.
The industrial segment is expected to have the highest CAGR during the forecast period
The industrial segment is anticipated to witness the highest CAGR growth during the forecast period, due to the quick industrialization of developing nations, there is a significant rise in the demand for uninterrupted electrical supply across the industrial sector. The paradigm changes from conventional to electric vehicles, fuel expansion in the industrial sector is also boosting the need from the transportation industry for stable and effective networks.
Region with largest share:
Europe is projected to hold the largest market share during the forecast period owing to the increase as a result of significant expenditures in the development of smart grids and distributed generation. Rapid changes are occurring in industry, urban heating, and transportation. The level of investment in the main power system is expected to rise as society electrifies and consumes more electricity. For example, in May 2022, Fingrid, the operator of Finland's energy system, announced intentions to invest a record-breaking €3 billion (USD 3.2 billion) in networks over the next ten years. These investments will hasten the construction of RES and facilitate electrification.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increased plans for power generation capacity, increased demand for replacing/renovating aging transmission and distribution networks, and rising power demand, particularly from China and India, as a result of quickly increasing industrial and infrastructure development activities. To address the growing demand for electricity in China, utilities and the government are creating new generation projects, notably those utilizing renewable energy. Because of the inevitable need for electrical infrastructure to support these developments, the market for modular substations in the nation is anticipated to rise.
Key players in the market:
Some of the key players profiled in the Containerized SubstationMarket include: ABB, Aktif Group of Companies, Atlas Electric Inc., AZZ Inc., Delta Star Inc., Efacec, Elgin Power Solutions, General Electric, JACOBSEN ELEKTRO AS, MATELEC Group, MEIDENSHA CORPORATION, Siemens AG, Eaton Corporation PLC, Schneider Electric SE, Ampcontrol Ltd, TGOOD Global Ltd, LS Electric Co. Ltd and CG Power and Industrial Solutions Ltd
Key Developments:
In July 2021, Hitachi ABB Power Grids developed a prefabricated containerized gas-insulated substation for the industrial gas company Linde in Singapore.
In October 2020, Hitachi ABB Power Grids pioneered a ground-breaking modular mobile substation solution that vastly reduces the time duration to restore power in the case of major disruptive events such as natural disasters.
Types Covered:
- Up to 10MVA
- 11 MVA-25 MVA
- 25 MVA-100 MVA
- Above 100 MVA
Voltages Covered:
- Low Voltage (< 1 kV)
- Medium Voltage (1 kV - 36 kV)
- High Voltage (> 36 kV)
- Other Voltages
Insulations Covered:
- Air Insulated
- Gas Insulated
- Other Insulations
End Users Covered:
- Energy and Utilities
- Construction
- Industrial
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Containerized Substation Market, By Type
- 5.1 Introduction
- 5.2 Up to 10MVA
- 5.3 11 MVA-25 MVA
- 5.4 25 MVA-100 MVA
- 5.5 Above 100 MVA
6 Global Containerized Substation Market, By Voltage
- 6.1 Introduction
- 6.2 Low Voltage (< 1 kV)
- 6.3 Medium Voltage (1 kV - 36 kV)
- 6.4 High Voltage (> 36 kV)
- 6.6 Other Voltages
7 Global Containerized Substation Market, By Insulation
- 7.1 Introduction
- 7.2 Air Insulated
- 7.3 Gas Insulated
- 7.4 Other Insulations
8 Global Containerized Substation Market, By End User
- 8.1 Introduction
- 8.2 Energy and Utilities
- 8.3 Construction
- 8.4 Industrial
- 8.5 Other End Users
9 Global Containerized Substation Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.9 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 ABB
- 11.2 Aktif Group of Companies
- 11.3 Atlas Electric Inc.
- 11.4 AZZ Inc.
- 11.5 Delta Star Inc.
- 11.6 Efacec
- 11.7 Elgin Power Solutions
- 11.8 General Electric
- 11.9 JACOBSEN ELEKTRO AS
- 11.10 MATELEC Group
- 11.11 MEIDENSHA CORPORATION
- 11.12 Siemens AG
- 11.13 Eaton Corporation PLC
- 11.14 Schneider Electric SE
- 11.15 Ampcontrol Ltd
- 11.16 TGOOD Global Ltd
- 11.17 LS Electric Co. Ltd
- 11.18 CG Power and Industrial Solutions Ltd
List of Tables
- Table 1 Global Containerized Substation Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
- Table 4 Global Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
- Table 5 Global Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
- Table 6 Global Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
- Table 7 Global Containerized Substation Market Outlook, By Voltage (2021-2030) ($MN)
- Table 8 Global Containerized Substation Market Outlook, By Low Voltage (< 1 kV) (2021-2030) ($MN)
- Table 9 Global Containerized Substation Market Outlook, By Medium Voltage (1 kV - 36 kV) (2021-2030) ($MN)
- Table 10 Global Containerized Substation Market Outlook, By High Voltage (> 36 kV) (2021-2030) ($MN)
- Table 11 Global Containerized Substation Market Outlook, By Other Voltages (2021-2030) ($MN)
- Table 12 Global Containerized Substation Market Outlook, By Insulation (2021-2030) ($MN)
- Table 13 Global Containerized Substation Market Outlook, By Air Insulated (2021-2030) ($MN)
- Table 14 Global Containerized Substation Market Outlook, By Gas Insulated (2021-2030) ($MN)
- Table 15 Global Containerized Substation Market Outlook, By Other Insulations (2021-2030) ($MN)
- Table 16 Global Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
- Table 17 Global Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
- Table 18 Global Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
- Table 19 Global Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
- Table 20 Global Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 21 North America Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
- Table 22 North America Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
- Table 23 North America Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
- Table 24 North America Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
- Table 25 North America Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
- Table 26 North America Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
- Table 27 North America Containerized Substation Market Outlook, By Voltage (2021-2030) ($MN)
- Table 28 North America Containerized Substation Market Outlook, By Low Voltage (< 1 kV) (2021-2030) ($MN)
- Table 29 North America Containerized Substation Market Outlook, By Medium Voltage (1 kV - 36 kV) (2021-2030) ($MN)
- Table 30 North America Containerized Substation Market Outlook, By High Voltage (> 36 kV) (2021-2030) ($MN)
- Table 31 North America Containerized Substation Market Outlook, By Other Voltages (2021-2030) ($MN)
- Table 32 North America Containerized Substation Market Outlook, By Insulation (2021-2030) ($MN)
- Table 33 North America Containerized Substation Market Outlook, By Air Insulated (2021-2030) ($MN)
- Table 34 North America Containerized Substation Market Outlook, By Gas Insulated (2021-2030) ($MN)
- Table 35 North America Containerized Substation Market Outlook, By Other Insulations (2021-2030) ($MN)
- Table 36 North America Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
- Table 37 North America Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
- Table 38 North America Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
- Table 39 North America Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
- Table 40 North America Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 41 Europe Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
- Table 42 Europe Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
- Table 43 Europe Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
- Table 44 Europe Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
- Table 45 Europe Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
- Table 46 Europe Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
- Table 47 Europe Containerized Substation Market Outlook, By Voltage (2021-2030) ($MN)
- Table 48 Europe Containerized Substation Market Outlook, By Low Voltage (< 1 kV) (2021-2030) ($MN)
- Table 49 Europe Containerized Substation Market Outlook, By Medium Voltage (1 kV - 36 kV) (2021-2030) ($MN)
- Table 50 Europe Containerized Substation Market Outlook, By High Voltage (> 36 kV) (2021-2030) ($MN)
- Table 51 Europe Containerized Substation Market Outlook, By Other Voltages (2021-2030) ($MN)
- Table 52 Europe Containerized Substation Market Outlook, By Insulation (2021-2030) ($MN)
- Table 53 Europe Containerized Substation Market Outlook, By Air Insulated (2021-2030) ($MN)
- Table 54 Europe Containerized Substation Market Outlook, By Gas Insulated (2021-2030) ($MN)
- Table 55 Europe Containerized Substation Market Outlook, By Other Insulations (2021-2030) ($MN)
- Table 56 Europe Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
- Table 57 Europe Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
- Table 58 Europe Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
- Table 59 Europe Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
- Table 60 Europe Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 61 Asia Pacific Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
- Table 62 Asia Pacific Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
- Table 63 Asia Pacific Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
- Table 64 Asia Pacific Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
- Table 65 Asia Pacific Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
- Table 66 Asia Pacific Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
- Table 67 Asia Pacific Containerized Substation Market Outlook, By Voltage (2021-2030) ($MN)
- Table 68 Asia Pacific Containerized Substation Market Outlook, By Low Voltage (< 1 kV) (2021-2030) ($MN)
- Table 69 Asia Pacific Containerized Substation Market Outlook, By Medium Voltage (1 kV - 36 kV) (2021-2030) ($MN)
- Table 70 Asia Pacific Containerized Substation Market Outlook, By High Voltage (> 36 kV) (2021-2030) ($MN)
- Table 71 Asia Pacific Containerized Substation Market Outlook, By Other Voltages (2021-2030) ($MN)
- Table 72 Asia Pacific Containerized Substation Market Outlook, By Insulation (2021-2030) ($MN)
- Table 73 Asia Pacific Containerized Substation Market Outlook, By Air Insulated (2021-2030) ($MN)
- Table 74 Asia Pacific Containerized Substation Market Outlook, By Gas Insulated (2021-2030) ($MN)
- Table 75 Asia Pacific Containerized Substation Market Outlook, By Other Insulations (2021-2030) ($MN)
- Table 76 Asia Pacific Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
- Table 77 Asia Pacific Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
- Table 78 Asia Pacific Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
- Table 79 Asia Pacific Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
- Table 80 Asia Pacific Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 81 South America Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
- Table 82 South America Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
- Table 83 South America Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
- Table 84 South America Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
- Table 85 South America Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
- Table 86 South America Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
- Table 87 South America Containerized Substation Market Outlook, By Voltage (2021-2030) ($MN)
- Table 88 South America Containerized Substation Market Outlook, By Low Voltage (< 1 kV) (2021-2030) ($MN)
- Table 89 South America Containerized Substation Market Outlook, By Medium Voltage (1 kV - 36 kV) (2021-2030) ($MN)
- Table 90 South America Containerized Substation Market Outlook, By High Voltage (> 36 kV) (2021-2030) ($MN)
- Table 91 South America Containerized Substation Market Outlook, By Other Voltages (2021-2030) ($MN)
- Table 92 South America Containerized Substation Market Outlook, By Insulation (2021-2030) ($MN)
- Table 93 South America Containerized Substation Market Outlook, By Air Insulated (2021-2030) ($MN)
- Table 94 South America Containerized Substation Market Outlook, By Gas Insulated (2021-2030) ($MN)
- Table 95 South America Containerized Substation Market Outlook, By Other Insulations (2021-2030) ($MN)
- Table 96 South America Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
- Table 97 South America Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
- Table 98 South America Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
- Table 99 South America Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
- Table 100 South America Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 101 Middle East & Africa Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
- Table 102 Middle East & Africa Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
- Table 103 Middle East & Africa Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
- Table 104 Middle East & Africa Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
- Table 105 Middle East & Africa Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
- Table 106 Middle East & Africa Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
- Table 107 Middle East & Africa Containerized Substation Market Outlook, By Voltage (2021-2030) ($MN)
- Table 108 Middle East & Africa Containerized Substation Market Outlook, By Low Voltage (< 1 kV) (2021-2030) ($MN)
- Table 109 Middle East & Africa Containerized Substation Market Outlook, By Medium Voltage (1 kV - 36 kV) (2021-2030) ($MN)
- Table 110 Middle East & Africa Containerized Substation Market Outlook, By High Voltage (> 36 kV) (2021-2030) ($MN)
- Table 111 Middle East & Africa Containerized Substation Market Outlook, By Other Voltages (2021-2030) ($MN)
- Table 112 Middle East & Africa Containerized Substation Market Outlook, By Insulation (2021-2030) ($MN)
- Table 113 Middle East & Africa Containerized Substation Market Outlook, By Air Insulated (2021-2030) ($MN)
- Table 114 Middle East & Africa Containerized Substation Market Outlook, By Gas Insulated (2021-2030) ($MN)
- Table 115 Middle East & Africa Containerized Substation Market Outlook, By Other Insulations (2021-2030) ($MN)
- Table 116 Middle East & Africa Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
- Table 117 Middle East & Africa Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
- Table 118 Middle East & Africa Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
- Table 119 Middle East & Africa Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
- Table 120 Middle East & Africa Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
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