Containerized Substation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Containerized substation is a time and cost-efficient alternative to constructing a concrete and bricks substation for power distribution applications. Containerized substations are mostly used in extreme environments such as mines and open-air construction sites. They are manufactured, assembled, and tested at the factory, allowing easy transport, fast installation, and commissioning at the site.
MARKET DYNAMICS
The market for containerized substations is driven by certain micro and macro factors that greatly influence the sale of the equipment. One of the major factors is the surge in population, which has prompted in increased use of electricity and power by domestic users as well as the Commercial and Industrial (C&I) Market. Construction of new buildings and facilities requires installation of new electrical substations for that particular grid/area. Another driver for this market presently is the gradual shift of the transformer market from Oil Filled Distribution Transformers (mainly using ester as a filling) to Dry Type Distribution Transformers which requires the users/utility companies to replace the older versions with the new ones and also installing porta-containers to contain such units.
MARKET SCOPE
The ˜Global Containerized Substation Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the containerized substation market with detailed market segmentation by type and application. The global containerized substation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading containerized substation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Type: The global market is divided into Up to 10MVA, 11 MVA-25 MVA, 25 MVA-100 MVA, and Above 100 MVA.
2. By Application: The global market is divide into Energy & Utilities, Infrastructure, Industrial, and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The containerized substation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the containerized substation market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the containerized substation market in these regions.
IMPACT OF COVID 19
The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the containerized substation market industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, death of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2021. Lack of human assistance and key player's hesitation in investing for high-end machineries during the pandemic has negatively impacted the containerized substation market industry in 2021. However, with relaxation in lockdown, the containerized substation market has picked up the pace.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The containerized substation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the containerized substation market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the containerized substation market in these regions.
IMPACT OF COVID 19
The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the containerized substation market industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, death of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2021. Lack of human assistance and key player's hesitation in investing for high-end machineries during the pandemic has negatively impacted the containerized substation market industry in 2021. However, with relaxation in lockdown, the containerized substation market has picked up the pace.
MARKET PLAYERS
The report covers vital developments in the containerized substation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the containerized substation market are anticipated to have lucrative growth opportunities in the future with the rising demand for containerized substation in the global market. Below mentioned is the list of a few companies engaged in the containerized substation market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the containerized substation market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Crompton Greaves
- Delta Star Inc.
- Elgin Power Solutions
- Enerset Power Solutions
- General Electric
- IMESA SpA
- Kirloskar Electric Company
- Matelec Group
- Meidensha Corporation
- Qingdao TGOOD Electric
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Containerized Substation Market - By Type
1.3.2Containerized Substation Market - By Application
1.3.3Containerized Substation Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.CONTAINERIZED SUBSTATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.CONTAINERIZED SUBSTATION MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.CONTAINERIZED SUBSTATION MARKET - GLOBAL MARKET ANALYSIS
6.1.CONTAINERIZED SUBSTATION - GLOBAL MARKET OVERVIEW
6.2.CONTAINERIZED SUBSTATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.CONTAINERIZED SUBSTATION MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.UP TO 10MVA
7.3.1.Overview
7.3.2.Up to 10MVA Market Forecast and Analysis
7.4.11 MVA-25 MVA
7.4.1.Overview
7.4.2.11 MVA-25 MVA Market Forecast and Analysis
7.5.25 MVA-100 MVA
7.5.1.Overview
7.5.2.25 MVA-100 MVA Market Forecast and Analysis
7.6.ABOVE 100 MVA.
7.6.1.Overview
7.6.2.Above 100 MVA. Market Forecast and Analysis
8.CONTAINERIZED SUBSTATION MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.ENERGY AND UTILITIES
8.3.1.Overview
8.3.2.Energy and Utilities Market Forecast and Analysis
8.4.INFRASTRUCTURE
8.4.1.Overview
8.4.2.Infrastructure Market Forecast and Analysis
8.5.INDUSTRIAL
8.5.1.Overview
8.5.2.Industrial Market Forecast and Analysis
8.6.OTHERS.
8.6.1.Overview
8.6.2.Others. Market Forecast and Analysis
9.CONTAINERIZED SUBSTATION MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Containerized Substation Market Overview
9.1.2North America Containerized Substation Market Forecasts and Analysis
9.1.3North America Containerized Substation Market Forecasts and Analysis - By Type
9.1.4North America Containerized Substation Market Forecasts and Analysis - By Application
9.1.5North America Containerized Substation Market Forecasts and Analysis - By Countries
9.1.5.1United States Containerized Substation Market
9.1.5.1.1United States Containerized Substation Market by Type
9.1.5.1.2United States Containerized Substation Market by Application
9.1.5.2Canada Containerized Substation Market
9.1.5.2.1Canada Containerized Substation Market by Type
9.1.5.2.2Canada Containerized Substation Market by Application
9.1.5.3Mexico Containerized Substation Market
9.1.5.3.1Mexico Containerized Substation Market by Type
9.1.5.3.2Mexico Containerized Substation Market by Application
9.2.EUROPE
9.2.1Europe Containerized Substation Market Overview
9.2.2Europe Containerized Substation Market Forecasts and Analysis
9.2.3Europe Containerized Substation Market Forecasts and Analysis - By Type
9.2.4Europe Containerized Substation Market Forecasts and Analysis - By Application
9.2.5Europe Containerized Substation Market Forecasts and Analysis - By Countries
9.2.5.1Germany Containerized Substation Market
9.2.5.1.1Germany Containerized Substation Market by Type
9.2.5.1.2Germany Containerized Substation Market by Application
9.2.5.2France Containerized Substation Market
9.2.5.2.1France Containerized Substation Market by Type
9.2.5.2.2France Containerized Substation Market by Application
9.2.5.3Italy Containerized Substation Market
9.2.5.3.1Italy Containerized Substation Market by Type
9.2.5.3.2Italy Containerized Substation Market by Application
9.2.5.4Spain Containerized Substation Market
9.2.5.4.1Spain Containerized Substation Market by Type
9.2.5.4.2Spain Containerized Substation Market by Application
9.2.5.5United Kingdom Containerized Substation Market
9.2.5.5.1United Kingdom Containerized Substation Market by Type
9.2.5.5.2United Kingdom Containerized Substation Market by Application
9.2.5.6Russia Containerized Substation Market
9.2.5.6.1Russia Containerized Substation Market by Type
9.2.5.6.2Russia Containerized Substation Market by Application
9.2.5.7Rest of Europe Containerized Substation Market
9.2.5.7.1Rest of Europe Containerized Substation Market by Type
9.2.5.7.2Rest of Europe Containerized Substation Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Containerized Substation Market Overview
9.3.2Asia-Pacific Containerized Substation Market Forecasts and Analysis
9.3.3Asia-Pacific Containerized Substation Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Containerized Substation Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Containerized Substation Market Forecasts and Analysis - By Countries
9.3.5.1Australia Containerized Substation Market
9.3.5.1.1Australia Containerized Substation Market by Type
9.3.5.1.2Australia Containerized Substation Market by Application
9.3.5.2China Containerized Substation Market
9.3.5.2.1China Containerized Substation Market by Type
9.3.5.2.2China Containerized Substation Market by Application
9.3.5.3India Containerized Substation Market
9.3.5.3.1India Containerized Substation Market by Type
9.3.5.3.2India Containerized Substation Market by Application
9.3.5.4Japan Containerized Substation Market
9.3.5.4.1Japan Containerized Substation Market by Type
9.3.5.4.2Japan Containerized Substation Market by Application
9.3.5.5South Korea Containerized Substation Market
9.3.5.5.1South Korea Containerized Substation Market by Type
9.3.5.5.2South Korea Containerized Substation Market by Application
9.3.5.6Rest of Asia-Pacific Containerized Substation Market
9.3.5.6.1Rest of Asia-Pacific Containerized Substation Market by Type
9.3.5.6.2Rest of Asia-Pacific Containerized Substation Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Containerized Substation Market Overview
9.4.2Middle East and Africa Containerized Substation Market Forecasts and Analysis
9.4.3Middle East and Africa Containerized Substation Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Containerized Substation Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Containerized Substation Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Containerized Substation Market
9.4.5.1.1South Africa Containerized Substation Market by Type
9.4.5.1.2South Africa Containerized Substation Market by Application
9.4.5.2Saudi Arabia Containerized Substation Market
9.4.5.2.1Saudi Arabia Containerized Substation Market by Type
9.4.5.2.2Saudi Arabia Containerized Substation Market by Application
9.4.5.3U.A.E Containerized Substation Market
9.4.5.3.1U.A.E Containerized Substation Market by Type
9.4.5.3.2U.A.E Containerized Substation Market by Application
9.4.5.4Rest of Middle East and Africa Containerized Substation Market
9.4.5.4.1Rest of Middle East and Africa Containerized Substation Market by Type
9.4.5.4.2Rest of Middle East and Africa Containerized Substation Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Containerized Substation Market Overview
9.5.2South and Central America Containerized Substation Market Forecasts and Analysis
9.5.3South and Central America Containerized Substation Market Forecasts and Analysis - By Type
9.5.4South and Central America Containerized Substation Market Forecasts and Analysis - By Application
9.5.5South and Central America Containerized Substation Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Containerized Substation Market
9.5.5.1.1Brazil Containerized Substation Market by Type
9.5.5.1.2Brazil Containerized Substation Market by Application
9.5.5.2Argentina Containerized Substation Market
9.5.5.2.1Argentina Containerized Substation Market by Type
9.5.5.2.2Argentina Containerized Substation Market by Application
9.5.5.3Rest of South and Central America Containerized Substation Market
9.5.5.3.1Rest of South and Central America Containerized Substation Market by Type
9.5.5.3.2Rest of South and Central America Containerized Substation Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.CONTAINERIZED SUBSTATION MARKET, KEY COMPANY PROFILES
11.1.CROMPTON GREAVES
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.DELTA STAR INC.
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.ELGIN POWER SOLUTIONS
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.ENERSET POWER SOLUTIONS
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.GENERAL ELECTRIC
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.IMESA SPA
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.KIRLOSKAR ELECTRIC COMPANY
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.MATELEC GROUP
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.MEIDENSHA CORPORATION
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.QINGDAO TGOOD ELECTRIC
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.Crompton Greaves
2.Delta Star Inc.
3.Elgin Power Solutions
4.Enerset Power Solutions
5.General Electric
6.IMESA SpA
7.Kirloskar Electric Company
8.Matelec Group
9.Meidensha Corporation
10.Qingdao TGOOD Electric
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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