Global Modular Substation Market Growth 2023-2029

Global Modular Substation Market Growth 2023-2029

The modular substations allow for the equipment to be factory installed and pre commissioned off site, thus allowing simple onsite civil works, installation and commissioning.

Modular Substations can be used for a wide variety of applications including LV/MV/HV packaged substations, local equipment rooms, control rooms, generator power plant rooms, personnel refuges and as general process or utility buildings.

LPI (LP Information)' newest research report, the “Modular Substation Industry Forecast” looks at past sales and reviews total world Modular Substation sales in 2022, providing a comprehensive analysis by region and market sector of projected Modular Substation sales for 2023 through 2029. With Modular Substation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Modular Substation industry.

This Insight Report provides a comprehensive analysis of the global Modular Substation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Modular Substation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Modular Substation market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Modular Substation and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Modular Substation.

The global Modular Substation market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In the European market, the major manufacturers are ABB, Siemens, Eaton, Schneider, Ormabazal, Veo Group, CG Global and Skema. ABB and Siemens are the top two in the industry, with a combined market share of 50 per cent.

This report presents a comprehensive overview, market shares, and growth opportunities of Modular Substation market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Fixed Modular Substations

Skid/Trailer Mounted Modular Substations

Segmentation by application

Power Utilities

Industrial

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ABB

Siemens

Eaton

Schneider

Ormabazal

VEO Group

CG global

Skema

Key Questions Addressed in this Report

What is the 10-year outlook for the global Modular Substation market?

What factors are driving Modular Substation market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Modular Substation market opportunities vary by end market size?

How does Modular Substation break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.