This report estimates the packaged substation market in terms of revenue ($million). This has been broken down into regions and is further split into countries.
A packaged substation isan integral part of the powerdistribution network system in the power market. Packaged substations ensurestep-up and step-down voltage transformation and equipment protection with high efficiency and minimum space utilization. The basic function of a packaged substation is to transform voltage of electric power and protect the equipment in the event of abnormal conditions,such as a short circuit or when operational parameters vary from the normal. Packaged substations comprise distribution transformers, medium voltage switchgears, low voltage switchgears, and other associated equipment enclosed in a compact metal or concrete enclosure. Packaged substation assemblies are offered depending on the type of voltage switching and applications.
A packaged substation is an important device at every switching point in the electrical power distribution network system. There are various levels in between the generating stations and transmission and distribution centers. Therefore, various types of packaged substation assembly are required, depending upon the different voltage levels of the distribution system.
Packaged substation devicesare selected according to their voltage ratings, such as below 36 kVKv and 36- 150Kv150kV.
The research methodology has used secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global packaged substations. The primary sources such as experts and suppliers from the industry have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of this market.
This study has profiled leading players of the industry, along with their recent developments and other strategic industry activities. Some of the key companies’ profiles include ABB Ltd. (Switzerland),Schneider Electric SA (France), Eaton Corporation (Ireland), General Electric company (U.S.), and Siemens AG (Germany) among others.
Asia-Pacific leads the packaged substation market with the largest share, and is projected to grow at the highest CAGR among the other regions. This growth is attributed to the growing industrialization and urbanization in the region. There is also a good grid expansion and modernizationmarket for packaged substations in developed regions such as North America and Europe.
This report provides a geographical segmentation into various regions, such as North America, Europe, Asia-Pacific, South &Central America, the Middle East, and Africa. Moreover, there is an in-depth regional country analysis, based on type and application,of the market. The country analysis provides market values based on revenue and expenditure in geographies for various segments undertaken in the study.