Modular Substation Market worth 16

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Modular substation is an ideal solution for smart cities as well as traditional networks which require technical upgrades. It proves to be cost effective and increases the reliability on the T&D networks with reduced downtimes and power outages. Modular or compact substation generally finds its application in power utilities, commercial, and industries. Significant presence of such equipment can be observed in smart grid and solar & wind applications. Apart from these markets, there are temporary installations of substations in restoration, construction or load sharing application. Skid or trailer mounted modular substation is a suited solution for such applications with effortless transportation and installation. Global Modular Substation Market is projected to witness high growth on account of aging infrastructure requiring replacement & refurbishment and increasing T&D network expansions. Global modular substation market is estimated to be at USD 10.78 Billion in 2015 and is projected to reach USD 16.48 Billion by 2020, at a CAGR of 8.85% from 2015 to 2020. , with 33kV-400kV modular substations being the most widely used modular substations for reliable power supply. Power utilities have been a major area of application of the modular substations.

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Modular Substation Market worth 16.48 Billion USD by 2020 The report "Modular Substation Market by Application Power Utilities Commercial Industrial Voltage 11-33kV 33-400kV above 400kV Type Trailer Mounted Fixed Insulation Air- insulated Gas-insulated by Region - Global Trends and Forecast to 2020" This study on the modular or compact substation market defines and segments the market through regional forecast and segment revenue estimates till 2020. Key market players from the industry segment have been studied to track developments technologies and other key business strategies that define the modular substation market environment. Global modular substation market is estimated to be at USD 10.78 Billion in 2015 and is projected to reach USD 16.48 Billion by 2020 at a CAGR of 8.85 from 2015 to 2020. Major drivers identified behind this growth include high rate of urbanization industrialization and aging infrastructure requiring refurbishment replacement. Asia-Pacific: The largest market for modular substation Asia-Pacific was the largest market for modular substation in 2014 driven largely by the developments in fast growing economies such as China India and other countries in the Southeast Asia. These developments are due to rapid urbanization and growing energy needs. Moreover the adoption of smart grid substation projects and focus on industrialization projects require modernized grid facilities that reduce environmental impact and improve reliability by using equipment such as modular substation. Sample Request: http://www.marketsandmarkets.com/requestsample.aspid403992 Power Utilities: Biggest market by application Power utilities started to utilize modular substations to a great extent and currently are the largest consumers of such equipment. Modular substation help utilities to efficiently operate their power related infrastructure for power generation transmission and distribution purposes. Moreover these solutions help utilities in integration of distributed generation with the central grid thereby reducing power losses. Expansion of TD networks and capacity additions are proportionately pushing the demand for modular substation in power utilities segment. Power utilities account for an estimated 43.5 market share in the modular substation market in 2015. Key players in the modular substation market It include ABB Ltd. Switzerland Eaton Corporation Ireland Siemens AG Germany General Electric Company U.S. and Crompton Greaves Ltd. India. Competitive analysis of these players has been included in the report along with market share for the top five players. Request for Customization: http://www.marketsandmarkets.com/requestCustomization.aspid403992 Scope of the Report Recent developments and other strategies have also been analyzed to identify the most widely followed growth strategies in the industry. Impact analysis of various developments is also provided in the

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competitive landscape. Company profiles highlight the market presence of the major players in the modular substation market. Moreover strengths weakness opportunities and threats to the top 5 market players have been identified within the company profiles. Accordingly the recommendation on the future outlook of the company is provided under the MarketsandMarkets view which offers meaningful insights for the future development of the companies discussed in the report. Download Brochure: http://www.marketsandmarkets.com/pdfdownload.aspid403992 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30000 high growth niche opportunities/threats which will impact 70 to 80 of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80 of global Fortune 1000 companies as clients. Almost 75000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities identify most important customers write "Attack avoid and defend" strategies identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1500 Micro Quadrants Positioning top players across leaders emerging companies innovators and strategic players annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform "RT" connects over 200000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: MarketsandMarkets™ 701 Pike Street Suite 2175 Seattle WA 98101 United States Email: salesmarketsandmarkets.com

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