Containerized Substation Market
Containerized Substation Market Forecasts to 2030 - Global Analysis By Type (Up to 10MVA, 11 MVA-25 MVA and Above 100 MVA), End User (Energy and Utilities, Construction and Other End Users), and By Geography
According to Stratistics MRC, the Global Containerized Substation Market is growing at a CAGR of 9.0% during the forecast period. Containerized substations are made up of components that have been carefully planned, put together, and tested on-site. The internal thermal dissipation of the housed equipment as well as the climatic and environmental circumstances in which they will operate are taken into account when the thermal adjustment of the containers is made. The use of containerized substations has many benefits, both economically and technically. It results in more compact overall dimensions and simpler manoeuvrability during transportation and site positioning.
According to the internal thermal dissipation of the housed equipment as well as to the climatic and environmental conditions in which they will operate. Containerized substations solution offers a lot of advantages, both technical and economical.
Market Dynamics:
Driver:
Adaptability to a new setting and the immediate environment
The need for the containerized substation has grown as a result of its adaptability to changing environments. The inside equipment will last longer since they are adequately ventilated, cooled, over-pressurized, and tight with no water or significant amounts of dust entering. For places with exceptionally hot or cold ambient temperatures, the container has heating, cooling, and ventilation systems. They don't need to be included in any building plans and quickly adapt to their surroundings.
Restraint:
Greater reliance on imports
Raw materials including cables, steel, and alloys are used in the construction of transmission and distribution lines and towers. Many countries throughout the world import these alloys in large quantities. Additionally, the substations make extensive use of components, which are mostly imported by the majority of nations worldwide. The strong reliance on imports prevents the market from expanding since changing import and export laws affect how much such equipment ultimately costs.
Opportunity:
Low cost and low startup time
The global containerized substation market is growing as a result of low prices and quick setup times due to on-site installation and commissioning times. There is a significant reduction in the requirement for the camp, specialists, and travel. Within a few hours of the container being in place and linked to the power and signal connections, the installation is ready to use. They simply need to be put up and connected to an external source because they are delivered totally prefabricated.
Threat:
Concern regarding cyber attacks
The electric power grid is changing at a rapid rate, making it difficult for asset owners and operators of electricity infrastructure to keep track of industry and standards organization activities, understand how new technologies will affect security, and evaluate and monitor cybersecurity risks. As detection and protection technologies evolve to fend off increasingly complex threats, cybersecurity is a constant process. As a result, one of the key issues facing the market for digital substations is managing cybersecurity risks. However, it becomes vital to include software and solutions in conformity with the IEC 62443 standard in order to address cybersecurity concerns. This standard has established itself as one of the world's most futuristic security standards.
Covid-19 Impact
Around the world, the COVID-19 pandemic has spread to almost every nation. Almost every sector of industry, including manufacturing, mining, railway, and oil & gas as well as power generation and oil & gas. Strict containment efforts were implemented by governments in numerous nations to stop the COVID-19 epidemic. Due to exceptional circumstances, the power generation, transmission, and distribution divisions have been negatively impacted.
The Up to 10MVA segment is expected to be the largest during the forecast period
The Up to 10MVA segment is estimated to have a lucrative growth. Megavolt-amperes is short for that unit. In an engineering system, it serves as the unit of measurement for electrical load. One million volt-amperes, or 1 MVA, is the same thing. However, 10mVA is equal to 10,000,000 volt-amperes. Since 10mva substation transformers have a higher voltage capacity, businesses and industries employ them most frequently. The greatest capacity of pad-mounted transformers is typically 5000 kVA, however Daelim's pad-mounted transformers have capacities of 7.5 MVA and 10 MVA.
The industrial segment is expected to have the highest CAGR during the forecast period
The industrial segment is anticipated to witness the highest CAGR growth during the forecast period, due to the quick industrialization of developing nations, there is a significant rise in the demand for uninterrupted electrical supply across the industrial sector. The paradigm changes from conventional to electric vehicles, fuel expansion in the industrial sector is also boosting the need from the transportation industry for stable and effective networks.
Region with largest share:
Europe is projected to hold the largest market share during the forecast period owing to the increase as a result of significant expenditures in the development of smart grids and distributed generation. Rapid changes are occurring in industry, urban heating, and transportation. The level of investment in the main power system is expected to rise as society electrifies and consumes more electricity. For example, in May 2022, Fingrid, the operator of Finland's energy system, announced intentions to invest a record-breaking €3 billion (USD 3.2 billion) in networks over the next ten years. These investments will hasten the construction of RES and facilitate electrification.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increased plans for power generation capacity, increased demand for replacing/renovating aging transmission and distribution networks, and rising power demand, particularly from China and India, as a result of quickly increasing industrial and infrastructure development activities. To address the growing demand for electricity in China, utilities and the government are creating new generation projects, notably those utilizing renewable energy. Because of the inevitable need for electrical infrastructure to support these developments, the market for modular substations in the nation is anticipated to rise.
Key players in the market
Some of the key players profiled in the Containerized SubstationMarket include ABB, Aktif Group of Companies, Atlas Electric Inc., AZZ Inc., Delta Star Inc., Efacec, Elgin Power Solutions, General Electric, JACOBSEN ELEKTRO AS, MATELEC Group, MEIDENSHA CORPORATION, Siemens AG, Eaton Corporation PLC, Schneider Electric SE, Ampcontrol Ltd, TGOOD Global Ltd, LS Electric Co. Ltd and CG Power and Industrial Solutions Ltd
Key Developments:
In July 2021, Hitachi ABB Power Grids developed a prefabricated containerized gas-insulated substation for the industrial gas company Linde in Singapore.
In October 2020, Hitachi ABB Power Grids pioneered a ground-breaking modular mobile substation solution that vastly reduces the time duration to restore power in the case of major disruptive events such as natural disasters.
Types Covered:
• Up to 10MVA
• 11 MVA-25 MVA
• 25 MVA-100 MVA
• Above 100 MVA
Voltages Covered:
• Low Voltage (< 1 kV)
• Medium Voltage (1 kV – 36 kV)
• High Voltage (> 36 kV)
• Other Voltages
Insulations Covered:
• Air Insulated
• Gas Insulated
• Other Insulations
End Users Covered:
• Energy and Utilities
• Construction
• Industrial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Containerized Substation Market, By Type
5.1 Introduction
5.2 Up to 10MVA
5.3 11 MVA-25 MVA
5.4 25 MVA-100 MVA
5.5 Above 100 MVA
6 Global Containerized Substation Market, By End User
6.1 Introduction
6.2 Energy and Utilities
6.3 Construction
6.4 Industrial
6.5 Other End Users
7 Global Containerized Substation Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 ABB
9.2 Aktif Group of Companies
9.3 Atlas Electric Inc.
9.4 AZZ Inc.
9.5 Delta Star Inc.
9.6 Efacec
9.7 Elgin Power Solutions
9.8 General Electric
9.9 JACOBSEN ELEKTRO AS
9.10 MATELEC Group
9.11 MEIDENSHA CORPORATION
9.12 Siemens AG
9.13 Eaton Corporation PLC
9.14 Schneider Electric SE
9.15 Ampcontrol Ltd
9.16 TGOOD Global Ltd
9.17 LS Electric Co. Ltd
9.18 CG Power and Industrial Solutions Ltd
List of Tables
1 Global Containerized Substation Market Outlook, By Region (2021-2030) ($MN)
2 Global Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
3 Global Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
4 Global Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
5 Global Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
6 Global Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
7 Global Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
8 Global Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
9 Global Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
10 Global Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
11 Global Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
12 North America Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
13 North America Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
14 North America Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
15 North America Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
16 North America Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
17 North America Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
18 North America Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
19 North America Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
20 North America Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
21 North America Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
22 North America Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
23 Europe Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
24 Europe Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
25 Europe Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
26 Europe Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
27 Europe Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
28 Europe Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
29 Europe Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
30 Europe Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
31 Europe Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
32 Europe Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
33 Europe Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
34 Asia Pacific Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
37 Asia Pacific Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
38 Asia Pacific Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
39 Asia Pacific Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
40 Asia Pacific Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
41 Asia Pacific Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
42 Asia Pacific Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
43 Asia Pacific Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
44 Asia Pacific Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
45 South America Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
46 South America Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
47 South America Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
48 South America Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
49 South America Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
50 South America Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
51 South America Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
52 South America Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
53 South America Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
54 South America Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
55 South America Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
56 Middle East & Africa Containerized Substation Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Containerized Substation Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Containerized Substation Market Outlook, By Up to 10MVA (2021-2030) ($MN)
59 Middle East & Africa Containerized Substation Market Outlook, By 11 MVA-25 MVA (2021-2030) ($MN)
60 Middle East & Africa Containerized Substation Market Outlook, By 25 MVA-100 MVA (2021-2030) ($MN)
61 Middle East & Africa Containerized Substation Market Outlook, By Above 100 MVA (2021-2030) ($MN)
62 Middle East & Africa Containerized Substation Market Outlook, By End User (2021-2030) ($MN)
63 Middle East & Africa Containerized Substation Market Outlook, By Energy and Utilities (2021-2030) ($MN)
64 Middle East & Africa Containerized Substation Market Outlook, By Construction (2021-2030) ($MN)
65 Middle East & Africa Containerized Substation Market Outlook, By Industrial (2021-2030) ($MN)
66 Middle East & Africa Containerized Substation Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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