Global Substation Market Size By Technology (Conventional, Digital), By Component (Electrical System {Transformer, Busbar, Protection Devices [Circuit Breaker, Protective Relay, Switchgear]}, Monitoring & Control System {Human Machine Interface, Programmable Logic Controller, Others}, Others), By Application (Transmission, Distribution), By Connectivity (< 33 kV, 33 kV to 110 kV, 110 kV to 220 kV, 220 kV to 550 kV, > 500 kV), By Voltage Level (Low, Medium, High), By End Use (Utility, Industrial), By Category (New, Refurbished) Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jan 2020  |  Report ID: GMI4485  |  Authors: Ankit Gupta, Riya Gupta

Report Format: PDF   |   Pages: 1850   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global Substation Market size crossed USD 151 billion in 2019 and annual installation is anticipated to exceed 24’500 units by 2026. Regional inclination toward the adoption of renewable electricity infrastructure and electrification across off grid network infuse a commendable growth scenario for the global market.
 

Global Substation Market

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Electrical substation is the interface in power network where distribution feeders and transmission lines are connected together through switches or circuit breakers by transformers and busbars. This allows the control of power flow across the network & general switching operations for maintenance purposes. These fenced off areas mainly step down or step up the voltage in transmission lines to a particular level suitable for the distribution system.
 

The study includes a detailed analysis of the global electrical substation deployment scenarios bifurcated on a country and regional basis across transmission and distribution infrastructure. In addition, the forecasts and estimates are aligned with data represented by governing authorities including the IEA, European Commission, CERC, associated company press releases and regional regulatory bodies.
 

Global Substation Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 151.5 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.6% 2026 Value Projection: 217.5 Billion (USD)
Pages: 1850 Tables, Charts & Figures: 4653
Geographies covered (28): U.S., Canada, Mexico, Germany, France, Spain, Italy, UK, Netherlands, Russia, Sweden, China, India, Japan, South Korea, Indonesia, New Zealand, Malaysia, Thailand, Singapore, Australia, Saudi Arabia, UAE, Qatar, Oman, South Africa, Brazil, Chile
Segments covered: Technology, Component, Application, Connectivity, Voltage Level, End Use, Category
Companies covered (19): ABB, NetControl, Tesco Automation, Locamation, Efacec, Belden Inc., NR Electric, Emerson Electric, Texas Instruments, General Electric, Eaton, Cisco Systems, Rockwell Automation, Schneider, Siemens, L&T, Guodian Nanjing Automation Co., Beijing Sifang Automation Co and Open Systems International.
Growth Drivers:
  • North America Europe
    • Expansion of smart grid networks
    • Refurbishment & retrofit of existing grid infrastructure
  • Asia Pacific
    • Rising peak load demand
    • Expansion of micro-grid networks
    • Grid stability & security of supply concerns
  • Middle East & Africa and Latin America
    • Increasing electricity demand
    • Integration of a sustainable energy infrastructure
Pitfalls & Challenges:
  • Slow paced technological evolution across developing regions
  • High dependency on imports

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Flexible product configuration along with safe & reliable electrical infrastructure will positively sway the product adoption

U.S. Substation Market Statistics By Connectivity

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Advancing product specifications in line with growing demand for reliable & safe electrical infrastructure across industrial, utility, commercial, and residential establishments will positively influence the technological adoption. Moreover, allied regulatory updates and initiatives supported by standard product configurations for consumers and installers have incorporated a favorable business outlook. Henceforth, favorable economic and industrial proximities coupled with regulatory assistance will complement the industry landscape.
 

Power T&D industry has witnessed significant upsurge owing to rising demand for effective transmission & distribution control systems. Lack of efficient electricity network across the developing nations coupled with paradigm shift pertaining to the expansion of existing infrastructure across the developed countries have incorporated a favorable business outlook. In addition, positive consumer shift toward the deployment of substations with an aim to ensure uninterrupted power supply in line with growing life expectancy of the power network have augmented the industry dynamics.
 

Integration of smart monitoring & control units will continue to drive the global substation industry share

Germany Substation Market Outlook By Voltage Level

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Rapid expansion of transmission capacity, quick disaster response and temporary load support are few indispensable features favoring the deployment of conventional substations. Although, high cost of installation and maintenance issues may hinder the product deployment. However, integration of smart monitoring & control units; electrical product manufacturers and suppliers have aligned their focus towards the enhancement of product configurations to suffice with technological escalation. Moreover, interoperability, ease of configuration & installation, reliability & availability, smart grid communications capabilities and reduced copper cabling will strengthen the demand for digital substations.
 

Incorporation of technology aided smart systems to provide impetus to global substation industry demand

Asia Pacific Substation Market Share By Country

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Integration of technology aided smart systems including PLC networks, monitoring hardware & software across substations to optimize the overall functionality has gained impetus in the recent years. Although, significant amount of automation systems have been deployed across conventional substation units with an aim to upscale and curb excessive cost incursions on new substation deployment. However, developing regions supported by appreciable economic escalation have witnessed growth in the deployment of new digital substation units.
 

Rising electricity demand from large scale industries will drive the global substation market growth

Electricity demand from the large-scale process plants and manufacturing industries have instituted a favorable business scenario. Deployment of smart, energy efficient and reliable technologies along with ease in installation will further strengthen the product penetration. Increasing fund flow towards the expansion of cross border network to supply electricity with less losses has been a major industry driver. The European network announced an investment worth USD 400 billion by 2020 out of which two third of the investment will take place to install and upgrade the distribution grids across the region.
 

Asia Pacific to witness significant growth owing to rapid infrastructural expansion

Ongoing urbanization favored by rapid infrastructural establishments across Asia Pacific including China and India will augment the demand for efficient T&D systems. Shifting trends toward refurbishment & retrofitting of overhead transmission with underground line network will further energize the technological adoption. In October 2019, Power Transmission & Distribution, a subsidiary of L&T India entered into a contract of over USD 300 million for the supply, design and construction of a 132/11 kV substation in UAE.
 

Technological collaborations to remain a major strategic implementation

Technological alliances, joint ventures (JV), and acquisitions & mergers have been the key strategic implementations perceived across the industrial establishments. Moreover, geographical growth through strategic associations with regional utilities has strengthened the global substation market trends. In July 2018, General Electric entered into a partnership with Ethiopian Electric Power Authority (EEPA) to deliver 11 HV substation to advance access to power. The project will favor overall electrification strategy of Ethiopia by providing sustainable power and allowing the transmission of reliable power from the interconnected system to demand centers across the region.
 

Eminent players operating across the global substation market include ABB, NetControl, Tesco Automation, Locamation, Efacec, Belden Inc., NR Electric, Emerson Electric, Texas Instruments, GE, Eaton, Cisco Systems, Rockwell Automation, Schneider, Siemens, L&T, Guodian Nanjing Automation Co., Beijing Sifang Automation Co and Open Systems International.
 

Global Substation market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MVA” and ‘USD” from 2015 to 2026, for the following segments:

By Technology

  • Conventional
    • Component
      • Electrical Systems
        • Transformer
        • Busbar
        • Protection Devices
          • Circuit Breaker
          • Protective Relay
          • Switchgear
      • Monitoring Control Systems
        • Human Machine Interface
        • Programmable Logic Controller
        • Others
    • Application
      • Transmission
      • Distribution
    • Connectivity
      • < 33 kV
      • 33 to 110 kV
      • 110 to 220 kV
      • 220 to 550 kV
      • > 550 kV
    • Voltage level
      • Low
      • Medium
      • High
    • End Use
      • Utility
      • Industrial
    • Category
      • New
      • Refurbished
  • Digital
    • Component
      • Substation Automation System
      • Communication Network
      • Electrical Systems
        • Transformer
        • Busbar
        • Protection Devices
          • Circuit Breaker
          • Protective Relay
          • Switchgear
      • Monitoring Control Systems
        • Human Machine Interface
        • Programmable Logic Controller
        • Others
    • Application
      • Transmission
      • Distribution
    • Connectivity
      • < 33 kV
      • 33 to 110 kV
      • 110 to 220 kV
      • 220 to 550 kV
      • > 550 kV
    • Voltage level
      • Low
      • Medium
      • High
    • End Use
      • Utility
      • Industrial
    • Category
      • New
      • Refurbished

By Component

  • Electrical Systems
    • Transformer
    • Busbar
    • Protection Devices
      • Circuit Breaker
      • Protective Relay
      • Switchgear
  • Monitoring Control Systems
    • Human Machine Interface
    • Programmable Logic Controller
    • Others

By Application

  • Transmission
  • Distribution

By Connectivity

  • < 33 kV
  • 33 to 110 kV
  • 110 to 220 kV
  • 220 to 550 kV
  • > 550 kV

By Voltage Level

  • Low
  • Medium
  • High

By End Use

  • Utility
  • Industrial

By Category

  • New
  • Refurbished

The above information is provided on a regional & country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • UK
    • Netherlands
    • Russia
    • Sweden
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • New Zealand
    • Malaysia
    • Thailand
    • Singapore
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Oman
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
       

Frequently Asked Questions (FAQ) :

The substation market is likely to register a crcr of 5.6% over the forecast period.
The forecast worth of substation market is predicted to exceed $217.5 billion by 2026.
Global substation industry will register over 5.6% CAGR from 2020 to 2026, according to a new report published by Global Market Insights, Inc.
Refurbishment & retrofit of existing grid infrastructure along with integration of a sustainable energy infrastructure will be key driving factors for the growth of the industry worldwide.
Major challenges likely to impact the global market size include slow paced technological evolution across developing regions and high dependency on imports.?

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Premium Report Details

  • Published Date: Jan 2020
  • Pages: 1850
  • Tables: 4617
  • Charts / Figures: 36
  • Companies covered: 19
  • Countries covered: 28

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