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Containerized Substation Market Growth Opportunities, Share Demand and Forecast to 2025

Author : Rahul Sankrityayan | Published Date : 2019-09-11 

The Containerized Substation Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

Containerized Substation Market size will witness growth on account of proliferating electricity demand along with increasing adoption of decentralized power generation. Electrification at remote and inaccessible locations require quick setup of substations with minimal on-site work requirement, which in turn will accelerate the product demand.

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Ability to effectively operate in extreme climatic conditions along with growing number of power outages owing to natural disasters will drive the containerized substation market over the coming years. For instance, in September 2018, power outage caused by a tornado left over 300,000 consumers without power in Ottawa, Canada.

Containerized substation market is set to grow owing to its ability to offer minimum on-site disruptions and complexities. Compact size, easy maneuverability, less emissions and quick installation are some of the indispensable factors positively influencing the business outlook.

Growing demand for installing cost competitive substation across industrial premises along with positive outlook toward infrastructure developmental activities will positively influence the industry growth. For instance, in April 2017, Siemens received an order to supply two containerized substations to the national grid of Saudi Arabia.

Increasing demand for replacement and refurbishment of existing substations on account of its inefficiencies and incompatibility with modern requirements will drive the containerized substation marker growth. For instance, in 2017, an Australia based utility, Ausgrid has invested over USD 19 million toward the replacement of its old substations and has further plans to spend USD 30 million to replace substations installed before 1970.

Growing demand for renovation and modernization of the existing grid infrastructure will drive the North America containerized substation market size. In addition, increasing demand for robust and reliable electrical infrastructure to minimize the frequency of weather related power outages will further positively influence the product adoption.

Europe containerized substation market is set to grow on account of substantial investments toward the development of smart grids and distributed generation. For instance, as per the European Commission, in 2017, investments worth over USD 5.7 billion were made toward the development of smart grid projects across the region.

Eminent industry participants operating in the containerized substation market are General Electric, Toshiba, ABB, Crompton Greaves, IMESA, Kirloskar Electric, Telawne, Siemens, Larsen & Toubro, Kirloskar, Eaton and Elsewedy amongst others.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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