Packaged Substation Global Market Report 2024

Description

“Packaged Substation Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on packaged substation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
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Where is the largest and fastest growing market for packaged substation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The packaged substation market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Indoor Packaged Substation; Outdoor Packaged Substation
2) By Voltage: High; Medium; Low
3) By Application: Mining; Power; Oil And Gas; Infrastructure; Other Applications
Companies Mentioned: ABB Ltd.; Schneider Electric SA; Eaton Corporation; Siemens AG; Larsen and Toubro Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A packaged substation is a pre-built, modular assembly of electrical distribution equipment tailored for specific power distribution needs. It acts as an intermediary between the distribution network operator (DNO) and a building's low-voltage (LV) distribution system, facilitating the transfer of power. Usually, a packaged substation requires at least one high-voltage feed, typically around 11 kV.

Two primary types exist such as indoor and outdoor packaged substations. Indoor ones involve equipment installed within a structure to distribute high-voltage power to different electrical loads within a building or facility. These substations find application across various voltage ranges high, medium, and low and serve diverse sectors such as mining, power generation, oil and gas, infrastructure, and more.

The packaged substation market research report is one of a series of new reports from The Business Research Company that provides packaged substation market statistics, including global market size, regional shares, competitors with a packaged substation market share, detailed packaged substation market segments, market trends and opportunities, and any further data you may need to thrive in the packaged substation industry. This packaged substation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The packaged substation market size has grown strongly in recent years. It will grow from $16.16 billion in 2023 to $17.76 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The expansion witnessed during the historic period can be linked to several factors. These include the accelerated pace of urbanization and industrialization, an upsurge in power demand, the integration of renewable energy sources, a heightened focus on grid stability, initiatives for rural electrification, and the implementation of stringent regulatory standards. These elements collectively contributed to the growth observed within this period.

The packaged substation market size is expected to see strong growth in the next few years. It will grow to $24.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. Anticipated growth in the forecast period stems from several key factors. These include a drive towards enhanced efficiency and cost-effectiveness, a surge in data center construction, integration with energy storage systems, a heightened emphasis on environmental sustainability, and fortification against natural disasters. Noteworthy trends expected in this period encompass compact design and portability, smart grid integration, the adoption of modular and prefabricated solutions, emphasis on remote monitoring and diagnostics, the emergence of hybrid substation solutions, and increased collaborations and partnerships within the industry. These elements are poised to shape and drive growth within the forecasted timeframe.

The projected upsurge in electricity demand is set to drive growth in the packaged substation market. This demand, shaped by societal, economic, technological, and policy-related factors, finds applications for packaged substations in temporary or remote settings requiring swift and provisional power distribution solutions, such as construction sites or emergency response scenarios. For example, based on data from the Energy Information Administration in 2022, total U.S. electricity end-use consumption saw a 2.6% increase from the previous year, with retail electricity sales to residential and commercial sectors also rising by approximately 3.5% and 3.4%, respectively. This heightened electricity demand is a driving force behind the growth of the packaged substation market.

The increasing focus on integrating renewable energy sources is anticipated to propel the packaged substation market forward. Renewable energy integration involves seamlessly incorporating renewable sources into existing power systems. Packaged substations, designed to integrate energy storage systems, aid in effectively managing and incorporating renewable energy. These substations facilitate the connection of batteries or other storage solutions, optimizing energy flow and grid stability by storing excess renewable energy for later use. For instance, according to the National Renewable Energy Laboratory in September 2022, India can potentially harness 160 GW of solar and wind capacity to meet 22% of its power demand, leading to fuel savings and reduced emissions. This emphasis on renewable energy integration drives the growth of the packaged substation market.

Significant investments by major companies are fueling expansion and advancements in the packaged substation market. These investments are geared towards scaling operations, introducing new products, and fortifying market positions within the thriving global demand for efficient power distribution networks. For instance, in November 2021, the World Bank allocated a USD 135 million loan to West Bengal's government in India to enhance the state's power distribution network. This initiative aims to bolster power infrastructure, enhance efficiency, and elevate reliability in specific regions. The loan, supporting the Government of India's 24x7 Power For All Program, is financed by the Government of West Bengal and loans from the Asian Infrastructure Investment Bank (AIIB).

Product innovation emerges as a pivotal trend driving the packaged substation market. Companies within this market segment are introducing inventive products to maintain their market standing. For example, in April 2022, TP Southern Odisha Distribution Limited (TPSODL) in India unveiled a mobile compact substation. This portable substation, comprising a distribution transformer and high- and low-tension protective devices on a mobile trolley, takes approximately 1.5 hours to set up, offering swift power restoration in cases of transformer failure, emergencies in institutions such as hospitals, water supply systems, or during cyclones and storms. This innovation caters to immediate power restoration needs, showcasing the market's drive towards versatility and responsiveness.

In March 2021, Valmont Utility Services, a prominent U.S.-based global engineering and innovation leader, successfully acquired Kansas City Utility Packaging (KCUP) for an undisclosed sum. This strategic acquisition aligns with Valmont's objectives to enhance its supply chain efficiency and broaden its array of offerings within the sector. By integrating the specialized substation engineering, design, and packaging expertise of Kansas City Utility with Valmont Utility's steel structural design capabilities, this acquisition amplifies Valmont's overall capabilities. Kansas City Utility Packaging (KCUP) stands as a U.S.-based provider renowned for delivering services encompassing substation, transmission line, procurement, and packaging within the industry.

Major companies operating in the packaged substation market report are ABB Ltd., Schneider Electric SA, Eaton Corporation, Siemens AG, Larsen and Toubro Limited, General Electric Company, Lucy Electric Ltd., Toshiba Corporation, Tepco Group, C and S Electric Limited, E + I Engineering, AI Asry Electric Co. Ltd., Sudhir Power Ltd., Matelec Group, Anord Mardix Inc., Faremco International, Alstom SA, CG Power and Industrial Solutions Ltd., Alfanar Group Company, TGOOD Global Limited, Powell Industries Incorporated, Mitsubishi Electric Corporation, Hyundai Electric & Energy Systems Company Limited, Hitachi Limited, Fuji Electric Company Limited, Bharat Heavy Electricals Limited, Crompton Greaves Limited, HICO America Inc., Rittal GmbH & Co. KG, WEG S.A.

Asia-Pacific was the largest region in the packaged substations market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global packaged substation market during the forecast period. The regions covered in the packaged substation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the packaged substation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The packaged substations market consists of sales of transformers, switchyards, step-down transformers, and customer substations. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11983

1. Executive Summary

2. Packaged Substation Market Characteristics

3. Packaged Substation Market Trends And Strategies

4. Packaged Substation Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Packaged Substation Market Size and Growth

5.1. Global Packaged Substation Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Packaged Substation Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Packaged Substation Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Packaged Substation Market Segmentation

6.1. Global Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Indoor Packaged Substation
Outdoor Packaged Substation
6.2. Global Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
High
Medium
Low
6.3. Global Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Mining
Power
Oil And Gas
Infrastructure
Other Applications

7. Packaged Substation Market Regional And Country Analysis

7.1. Global Packaged Substation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Packaged Substation Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Packaged Substation Market

8.1. Asia-Pacific Packaged Substation Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Packaged Substation Market

9.1. China Packaged Substation Market Overview
9.2. China Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Packaged Substation Market

10.1. India Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Packaged Substation Market

11.1. Japan Packaged Substation Market Overview
11.2. Japan Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Packaged Substation Market

12.1. Australia Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Packaged Substation Market

13.1. Indonesia Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Packaged Substation Market

14.1. South Korea Packaged Substation Market Overview
14.2. South Korea Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Packaged Substation Market

15.1. Western Europe Packaged Substation Market Overview
15.2. Western Europe Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Packaged Substation Market

16.1. UK Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Packaged Substation Market

17.1. Germany Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Packaged Substation Market

18.1. France Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Packaged Substation Market

19.1. Italy Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Packaged Substation Market

20.1. Spain Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Packaged Substation Market

21.1. Eastern Europe Packaged Substation Market Overview
21.2. Eastern Europe Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Packaged Substation Market

22.1. Russia Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Packaged Substation Market

23.1. North America Packaged Substation Market Overview
23.2. North America Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Packaged Substation Market

24.1. USA Packaged Substation Market Overview
24.2. USA Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Packaged Substation Market

25.1. Canada Packaged Substation Market Overview
25.2. Canada Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Packaged Substation Market

26.1. South America Packaged Substation Market Overview
26.2. South America Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Packaged Substation Market

27.1. Brazil Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Packaged Substation Market

28.1. Middle East Packaged Substation Market Overview
28.2. Middle East Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Packaged Substation Market

29.1. Africa Packaged Substation Market Overview
29.2. Africa Packaged Substation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Packaged Substation Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Packaged Substation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Packaged Substation Market Competitive Landscape And Company Profiles

30.1. Packaged Substation Market Competitive Landscape
30.2. Packaged Substation Market Company Profiles
- 30.2.1. ABB Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Schneider Electric SA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Eaton Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Siemens AG
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Larsen and Toubro Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Packaged Substation Market Competitive Benchmarking

32. Global Packaged Substation Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Packaged Substation Market

34. Packaged Substation Market Future Outlook and Potential Analysis

34.1 Packaged Substation Market In 2028 - Countries Offering Most New Opportunities
34.2 Packaged Substation Market In 2028 - Segments Offering Most New Opportunities
34.3 Packaged Substation Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer