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Modular Sub-station

  • A substation is a high-voltage electric system facility. The primary application of the substation is to switch generators, equipment, and circuits or lines in and out of a system.
  • Modular substation, also known as compact substation, is a grouping of electrical equipment assembled on a platform or a trailer. It is integrated and tested in a factory environment to enable energizing upon delivery to the site.
  • The modular substation has a pre-assembled, modular unit and offers numerous advantages over a conventional substation, such as less space requirements, minimizes the construction duration, improves overall safety, reduces the environmental impact, and increased design flexibility
  • Modular sub-station equipment can also be mounted on a Department of Transportation (D.O.T.)-compliant trailer for mobile applications

Key Drivers of Global Modular Sub-station Market

  • Demand for modular sub-station is increasing owing to a rise in automation and digitalization across the globe. Demand for electricity is high owing to an increase in population across the globe. This is driving the global modular sub-station market in order to reduce power cuts and energy losses.
  • Expansion of distribution networks and modernization of existing power infrastructure are anticipated to further boost the demand for modular sub-station during the forecast period

COVID-19 Impact Analysis

  • Governments of various countries have enforced nationwide lockdowns, as a precautionary measure to curb the spread of the COVID-19 pandemic. This has disrupted planned modular sub-station projects, globally, and has increased the number of power outages. The pandemic has restricted the supply of new equipment and skilled labor in the market.

Key Development

  • In December 2019, Schneider Electric, introduced EcoStruxure Asset Advisor for new electrical substation. EcoStruxure Asset Advisor is a condition-based monitoring and predictive analytics service that enables companies to monitor the health of new substation assets through a customer dashboard. More than 100 variables are measured and computed to provide accurate and reliable condition-monitoring.

Asia Pacific to Hold Major Share of Global Modular Sub-station Market

  • Based on region, the global modular sub-station market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific dominated the global modular sub-station market in 2019, owing to a rise in urbanization and globalization in the region. The trend is projected to continue during the forecast period owing to an increase in energy losses and power outages caused due to poor electrical infrastructure. Moreover, investments in the industrial sector are rising, especially in countries such as China, India, and Japan.
  • North America is estimated to hold a prominent share of the global modular sub-station market in the next few years. Increase in urbanization and rate of electrification has boosted the demand for renewal of aging electrical infrastructure by modular infrastructure in the region.
  • The market in Europe is likely to expand at a healthy pace during the forecast period. High investments in the renewable sector and transmission & distribution infrastructure is estimated to propel the modular sub-station market in the region.
  • The market in Middle East & Africa and Latin America is anticipated to expand at a moderate pace during the forecast period. The industrial sector in these regions has been developing at a rapid pace. This is projected to augment the demand for new and efficient substations in the near future.

Key Players Operating in Market

Leading players operating in the global modular sub-station market include:

  • Eaton
  • TGOOD Global Ltd.
  • General Electric Company
  • Skema
  • Schneider Electric
  • Siemens Energy
  • Costruzioni Elettrotecniche Cear srl
  • LS ELECTRIC Co., Ltd.
  • Hitachi ABB Power Grids
  • Scottish and Southern Electricity Networks

Global Modular Sub-station Market: Research Scope

Global Modular Sub-station Market, by Application

  • Power Utilities
  • Commercial
  • Industrial

Global Modular Sub-station Market, by Voltage

  • Low Voltage
  • Medium Voltage
  • High Voltage

Global Modular Sub-station Market, by Type

  • Trailer Mounted
  • Fixed

Global Modular Sub-station Market, by Insulation

  • Air-insulated
  • Gas-insulated

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Modular Substation Market

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