Packaged Substation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A custom-based substation designed by taking upon the end-user requirements into consideration is a packaged substation. The products include from a wide range and incorporate convenience as well as minimal costs and time. Owing to the designs from a wide range of choices, these substations are highly flexible. Superior technological packaged substations are being developed in the market that integrate good equipment protection, data logging, integrated voltage transformations, metering, and remote communication features into them.
MARKET DYNAMICS
Rapid industrialization and urbanization are the major factors that drive the growth of packaged substation market. Also, higher power demands from a plethora of end-users, and the need to reduce the space occupied by the substations would also propel the packaged substation market growth in the coming years. Further, lesser awareness about the benefits of packaged substations are anticipated to pose challenge to the packaged substation market. Infrastructure development in the urban areas of developing economies present handful opportunities to the players operating in the packaged substation market.
MARKET SCOPE
The "Global Packaged Substation Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the packaged substation market with detailed market segmentation by type, application, and geography. The global packaged substation market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading packaged substation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global packaged substation market is segmented on the basis of type, and application. Based on type, the packaged substation market is segmented into below 36 KV and 36-150 KV. On the basis of application, the packaged substation market is segmented into energy and power, infrastructure, commercial, and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global packaged substation market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The packaged 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 packaged substation market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the packaged substation in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global packaged substation market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The packaged 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 packaged substation market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the packaged substation in these regions.
MARKET PLAYERSThe reports cover key developments in the packaged 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from packaged substation market are anticipated to lucrative growth opportunities in the future with the rising demand for packaged substation in the global market. Below mentioned is the list of few companies engaged in the packaged substation market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the packaged substation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- A F Switchgear
- ABB Ltd.
- Alstom
- C&S Electric Limited
- Eaton Corporation
- General Electric Company
- Kirloskar Electric Company Ltd.
- Lucy Electric
- Schneider Electric
- TEPCO
- 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
1.3.1 Packaged Substation Market - By Type
1.3.2 Packaged Substation Market - By Application
1.3.3 Packaged Substation Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PACKAGED SUBSTATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PACKAGED 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PACKAGED SUBSTATION MARKET - GLOBAL MARKET ANALYSIS
6.1. PACKAGED SUBSTATION - GLOBAL MARKET OVERVIEW
6.2. PACKAGED SUBSTATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PACKAGED SUBSTATION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BELOW 36 KV
7.3.1. Overview
7.3.2. Below 36 KV Market Forecast and Analysis
7.4. 36-150 KV
7.4.1. Overview
7.4.2. 36-150 KV Market Forecast and Analysis
8. PACKAGED SUBSTATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ENERGY AND POWER
8.3.1. Overview
8.3.2. Energy and Power Market Forecast and Analysis
8.4. INFRASTRUCTURE
8.4.1. Overview
8.4.2. Infrastructure Market Forecast and Analysis
8.5. COMMERCIAL
8.5.1. Overview
8.5.2. Commercial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. PACKAGED SUBSTATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Packaged Substation Market Overview
9.1.2 North America Packaged Substation Market Forecasts and Analysis
9.1.3 North America Packaged Substation Market Forecasts and Analysis - By Type
9.1.4 North America Packaged Substation Market Forecasts and Analysis - By Application
9.1.5 North America Packaged Substation Market Forecasts and Analysis - By Countries
9.1.5.1 United States Packaged Substation Market
9.1.5.1.1 United States Packaged Substation Market by Type
9.1.5.1.2 United States Packaged Substation Market by Application
9.1.5.2 Canada Packaged Substation Market
9.1.5.2.1 Canada Packaged Substation Market by Type
9.1.5.2.2 Canada Packaged Substation Market by Application
9.1.5.3 Mexico Packaged Substation Market
9.1.5.3.1 Mexico Packaged Substation Market by Type
9.1.5.3.2 Mexico Packaged Substation Market by Application
9.2. EUROPE
9.2.1 Europe Packaged Substation Market Overview
9.2.2 Europe Packaged Substation Market Forecasts and Analysis
9.2.3 Europe Packaged Substation Market Forecasts and Analysis - By Type
9.2.4 Europe Packaged Substation Market Forecasts and Analysis - By Application
9.2.5 Europe Packaged Substation Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Packaged Substation Market
9.2.5.1.1 Germany Packaged Substation Market by Type
9.2.5.1.2 Germany Packaged Substation Market by Application
9.2.5.2 France Packaged Substation Market
9.2.5.2.1 France Packaged Substation Market by Type
9.2.5.2.2 France Packaged Substation Market by Application
9.2.5.3 Italy Packaged Substation Market
9.2.5.3.1 Italy Packaged Substation Market by Type
9.2.5.3.2 Italy Packaged Substation Market by Application
9.2.5.4 United Kingdom Packaged Substation Market
9.2.5.4.1 United Kingdom Packaged Substation Market by Type
9.2.5.4.2 United Kingdom Packaged Substation Market by Application
9.2.5.5 Russia Packaged Substation Market
9.2.5.5.1 Russia Packaged Substation Market by Type
9.2.5.5.2 Russia Packaged Substation Market by Application
9.2.5.6 Rest of Europe Packaged Substation Market
9.2.5.6.1 Rest of Europe Packaged Substation Market by Type
9.2.5.6.2 Rest of Europe Packaged Substation Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Packaged Substation Market Overview
9.3.2 Asia-Pacific Packaged Substation Market Forecasts and Analysis
9.3.3 Asia-Pacific Packaged Substation Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Packaged Substation Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Packaged Substation Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Packaged Substation Market
9.3.5.1.1 Australia Packaged Substation Market by Type
9.3.5.1.2 Australia Packaged Substation Market by Application
9.3.5.2 China Packaged Substation Market
9.3.5.2.1 China Packaged Substation Market by Type
9.3.5.2.2 China Packaged Substation Market by Application
9.3.5.3 India Packaged Substation Market
9.3.5.3.1 India Packaged Substation Market by Type
9.3.5.3.2 India Packaged Substation Market by Application
9.3.5.4 Japan Packaged Substation Market
9.3.5.4.1 Japan Packaged Substation Market by Type
9.3.5.4.2 Japan Packaged Substation Market by Application
9.3.5.5 South Korea Packaged Substation Market
9.3.5.5.1 South Korea Packaged Substation Market by Type
9.3.5.5.2 South Korea Packaged Substation Market by Application
9.3.5.6 Rest of Asia-Pacific Packaged Substation Market
9.3.5.6.1 Rest of Asia-Pacific Packaged Substation Market by Type
9.3.5.6.2 Rest of Asia-Pacific Packaged Substation Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Packaged Substation Market Overview
9.4.2 Middle East and Africa Packaged Substation Market Forecasts and Analysis
9.4.3 Middle East and Africa Packaged Substation Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Packaged Substation Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Packaged Substation Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Packaged Substation Market
9.4.5.1.1 South Africa Packaged Substation Market by Type
9.4.5.1.2 South Africa Packaged Substation Market by Application
9.4.5.2 Saudi Arabia Packaged Substation Market
9.4.5.2.1 Saudi Arabia Packaged Substation Market by Type
9.4.5.2.2 Saudi Arabia Packaged Substation Market by Application
9.4.5.3 U.A.E Packaged Substation Market
9.4.5.3.1 U.A.E Packaged Substation Market by Type
9.4.5.3.2 U.A.E Packaged Substation Market by Application
9.4.5.4 Rest of Middle East and Africa Packaged Substation Market
9.4.5.4.1 Rest of Middle East and Africa Packaged Substation Market by Type
9.4.5.4.2 Rest of Middle East and Africa Packaged Substation Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Packaged Substation Market Overview
9.5.2 South and Central America Packaged Substation Market Forecasts and Analysis
9.5.3 South and Central America Packaged Substation Market Forecasts and Analysis - By Type
9.5.4 South and Central America Packaged Substation Market Forecasts and Analysis - By Application
9.5.5 South and Central America Packaged Substation Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Packaged Substation Market
9.5.5.1.1 Brazil Packaged Substation Market by Type
9.5.5.1.2 Brazil Packaged Substation Market by Application
9.5.5.2 Argentina Packaged Substation Market
9.5.5.2.1 Argentina Packaged Substation Market by Type
9.5.5.2.2 Argentina Packaged Substation Market by Application
9.5.5.3 Rest of South and Central America Packaged Substation Market
9.5.5.3.1 Rest of South and Central America Packaged Substation Market by Type
9.5.5.3.2 Rest of South and Central America Packaged 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. PACKAGED SUBSTATION MARKET, KEY COMPANY PROFILES
11.1. A F SWITCHGEAR
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. ABB LTD.
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. ALSTOM
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. CANDS ELECTRIC LIMITED
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. EATON CORPORATION
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. GENERAL ELECTRIC COMPANY
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 LTD.
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. LUCY ELECTRIC
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. SCHNEIDER ELECTRIC
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. TEPCO
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. A F Switchgear
2. ABB Ltd.
3. Alstom
4. C&S Electric Limited
5. Eaton Corporation
6. General Electric Company
7. Kirloskar Electric Company Ltd.
8. Lucy Electric
9. Schneider Electric
10. TEPCO
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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