About Packaged Substation
The substation is a part of electric generation, distribution, and transmission systems. Substations are used to transform voltage from high to low, or low to high, or perform a number of important functions. Substations are typically owned and operated by an electrical utility or large commercial and industrial sectors. The packaged substation is an outdoor substation with an already built metal enclosure that consists of electrical equipment placed at one place working as a small substation. It provides advantages like single-source responsibility and accountability. It also reduces installation cost and time.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.2% |
Packaged Substation market is fragmented and does not have any distinct leader. Though most companies in this market are global international companies; local competition is emerging fast with rising opportunities in this market. Innovation and R&D spending could make a lot of difference in this market along with ease of using the product. With increased demand all over the world due to increasing infrastructure projects, commercial facilities, and industrial units; the manufacturers can make use of economies of scale and bring down the price of the substation. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), General Electric (United States), Eaton Corporation (Ireland), Siemens AG (Germany), Schneider Electric SE (France), Toshiba Corporation (Japan), Larsen & Toubro Limited (India), TEPCO (Japan), Kirloskar Electric Company Ltd (India) and Alstom (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Packaged Substation market by Type (Indoor Packaged Substation, Outdoor Packaged Substation, Underground Packaged Substation and Others), Application (Buildings, Real Estate Development Projects, Infrastructure and Others) and Region.
On the basis of geography, the market of Packaged Substation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (United Arab Emirates, Rest of Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Substation, the sub-segment i.e. Step-up/Down Transmission Substation will boost the Packaged Substation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Structural Construction, the sub-segment i.e. Crimp Wall Design will boost the Packaged Substation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Reduced Overheads Due to Elimination of Costly Cabling and Increased Demand for Packaged Substation from Temporary Construction Units
Market Growth Drivers:
Increasing Demand of Packaged Substations to Distribute Power with Minimum Loss and Growing Demand of Packaged Substations Due to Less Space Requirement as Compared to Conventional Electrical Substation
Challenges:
Lack of Awareness About Packaged Substation
Restraints:
Concern About Dust Deposition on Electrical Equipment
Opportunities:
Rising Industrialisation in Developing Countries and Growing Number of Building, Real-Estate Projects will Boost the Packaged Substation Market
Market Leaders and their expansionary development strategies
In may 2023, ArmCoil is the main manufacturing contractor, providing the MV solutions as well as super structure enclosures for the skid substations while Schneider Electric is the preferred low voltage and MV switchgear partner which includes the company’s PremSet Solid Shielded Insulated System switchgear series.
In Dec 2022, Amara Raja Power Systems announced a partnership with Scheider Electric India for manufacturing and selling prefabricated substations. Under this partnership, Amara Raja Power Systems aims to manufacture the range of end consumers while Schneider India would help in back-end technology support.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Packaged Substation Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.