The report "Packaged Substation Market by voltage Split (below 36kV and above 36kV to 150kV), by Application (Industrial, Infrastructure, and Power Utilities & Generation) and by Region - Global Trends and Forecasts to 2019" The market study on packaged substation defines and segments the market with regional forecast and revenue estimates till 2019. The top market players from the industry segment have been studied in order to track developments, technologies, and other key business strategies that define the packaged substation’s market environment.
Packaged substation are mostly used in distribution networks to supply power to consumers. Major benefits associated with the use of this equipment are better voltage transformation, minimum space requirements, effective fault monitoring and control, lower losses as compared to, both aggregate technical & commercial, and remote access to information regarding supply and fault conditions. It is also very cost effective as compared to conventional substation as the equipment is assembled by the same manufacturer; hence the process of procurement is also very simplified.
The global packaged substation market is projected to exhibit high growth on account of growing urbanization and rise in the number of upgrades on electrical infrastructure, influenced by increasing energy demand. The market is expected to be valued at $6.89 million globally in 2014. It is projected to grow at a CAGR of 10.19% during the forecast period.
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Asia Pacific: The largest market for packaged substations
The Asia-Pacific region holds the largest market for package substation, driven largely by the number of distribution network upgrades and developments in China, India, and the Southeast Asian countries. This growth is attributed to growing urbanization and industrial revolution in the region.
Industries: Biggest market by application
Uninterrupted power delivery to machines is paramount in all industries. Any interruption or breakdown can result in huge losses due to increased non-productive time. Packaged substations are used in industries to transform voltage, prevent damage to expensive instruments caused by overload and over-temperature, overcurrent, jams and undercurrent, high resistance winding faults, current and voltage unbalance, phase loss, and phase reverse. Packaged substations comprise advanced technologies such as integrated voltage transformation, equipment protection, metering, data logging, and remote communication. These advanced technologies transform voltage for industries and help to minimize loss and maximize efficiency.
The packaged substation industry is fragmented and offers several opportunities for consolidation and growth in efficiency through an increase in economies of scale. The industry has low entry and exit barriers. This is a major driver of the packaged substation market. The top players of this market include ABB (Switzerland), Schnieder Electric SA (France), Eaton Corporation (Ireland), GE (U.S.), and Siemens AG (Germany).
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Scope of the Report:
The global packaged substation market has been analyzed in terms of revenue ($million) for the following types, applications, and regions.
• Below 36 kV
• 36-150 kV
• North America
• The Middle East
• South & Central America
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Packaged Substation Market: Competitive Landscape, Overview and Company Profile Analysis to 2019
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