+1-888-308-5802     
News Contact Us

Global Electric Substation Market | Insights On Current Trends 2025

Author : Rahul Sankrityayan | Published Date : 2019-07-08 

Global Market Insights presents the Electric Substation Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue.

The Europe electric substation market will witness an upsurge on account of stringent energy efficiency norms supported by an increase in overall renewable energy consumption across the region. Domestic regulators have perpetually been channelizing technological expenditure with an aim to reinforce their regional T&D infrastructure. In addition, the integrated substructure to fortify European Union’s reforms including distribution of funds to establish a stable grid framework through the leveraging energy efficient equipment will further complement the business outlook.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/3479  

  • Historical data coverage: 2014 to 2018; 
  • Growth Projections: 2019 to 2025. 
  • Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.

 

Prominent electric substation market players include ABB, Schneider, Siemens, General Electric, Mitsubishi, CG, Eaton, and Others. Cost competitiveness, technology assisted product assortment along with organic and inorganic strategic implications are the key factors influencing industrial competition.

Global Electric Substation Market size will grow on account of ongoing integration of smart grid technology, enhancement of existing substation peripherals, and large-scale infusion of intermittent distributed generation networks. Moreover, nations including Brazil, China, India, and other emerging economies have witnessed a significant rise in electricity consumption thereby driving the demand for effective T&D infrastructure. In addition, industry focus towards the upscaling of mature & distressed electric infrastructure through the integration of IoT-based monitoring and control systems will further complement the industry outlook.
 

Large scale offshore wind installations utilizing extended array and export cables favored by utility proximities toward the deployment of offshore substation units will drive the electric substation market. Operational longevity & performance, network capacity, and ability to cater across a pool of load centers are few indispensable parameters evaluated to justify the technological adoption. Gas insulated substations have witnessed large scale integration across offshore deployments owing to their compact unit structure, operational safety and effective load handling capabilities when compared to the available auxiliary technologies.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/electric-substation-market  

Asia Pacific electric substation market will witness escalation on account of ongoing expansion of power T&D networks across countries including India, Indonesia, Singapore, Taiwan, and Malaysia. Rise in energy consumption in line with ongoing suburban migration, electrification reforms, and increase in population have compelled utilities to further extend their network accessibility and provide for long route electricity supply. Moreover, rapid digitalization across the industrial peripheral along with the advent of compact & energy efficient substation units have led foundation to the upgradation & revamp of the traditional electric infrastructure.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • ABB
  • Schneider
  • Siemens
  • General Electric
  • Mitsubishi
  • CG
  • Eaton

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

Related News

Europe Oil Filled Distribution Transformer Market Size By Rating, Country Outlook, Competitive Market Share & Forecast, 2018 – 2024

Published Date: 2019-08-20         Author: Rahul Sankrityayan

The Europe Oil Filled Distribution Transformer Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied. Europe Oil Filled D... Read More

Low Voltage Drives Market 2019 | By Power Range, Capacity, Drive, Technology, Application & Forecast to 2025

Published Date: 2019-08-20         Author: Rahul Sankrityayan

Low Voltage Drives Market 2019 report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied. The U.S. low voltage drives market will wi... Read More

GCC Natural Gas Market By Industry Growth, Trend and Forecast 2024

Published Date: 2019-08-20         Author: Rahul Sankrityayan

GCC Natural Gas Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied. Qatar natural gas market is predicted to surpass 5... Read More

© 2019 Fractovia. All Rights Reserved