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Packaged Substation Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71376
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The packaged substation market share should rise by USD 3.96 billion from 2022 to 2026 at a CAGR of 7.41%.

This packaged substation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by application (industrial, infrastructure, and power generation and utilities) and geography (APAC, North America, Europe, South America, and MEA). The packaged substation market report also offers information on several market vendors, including ABB Ltd., ALSTOM SA, CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, General Electric Co., Larsen and Toubro Ltd., Lucy Group Ltd., Schneider Electric SE, Siemens AG, and Toshiba Corp. among others.

What will the Packaged Substation Market Size be in 2022?

To Unlock the Packaged Substation Market Size for 2022 and Other Important Statistics, Download the Free Report Sample!

Packaged Substation Market: Key Drivers and Trends

The increasing urbanization and industrialization is notably driving the packaged substation market growth, although factors such as developments in automation substation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the packaged substation industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This packaged substation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Packaged Substation Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • ALSTOM SA
  • CG Power and Industrial Solutions Ltd.
  • Eaton Corp. Plc
  • General Electric Co.
  • Larsen and Toubro Ltd.
  • Lucy Group Ltd.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.

 

The vendor landscape of the packaged substation market entails successful business strategies deployed by the vendors. The packaged substation market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the packaged substation market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Packaged Substation Market?

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39% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for packaged substations in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising demand for compact substations will facilitate the packaged substation market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Application Segments in the Packaged Substation Market?

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The packaged substation market share growth by the industrial segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the packaged substation market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Packaged Substation Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.41%

Market growth 2022-2026

$ 3.96 billion

Market structure

Fragmented

YoY growth (%)

5.97

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 39%

Key consumer countries

China, US, Germany, India, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

ABB Ltd., ALSTOM SA, CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, General Electric Co., Larsen and Toubro Ltd., Lucy Group Ltd., Schneider Electric SE, Siemens AG, and Toshiba Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Factors Covered in this Packaged Substation Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive packaged substation market growth during the next five years
  • Precise estimation of the packaged substation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the packaged substation market across APAC, North America, Europe, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of packaged substation market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Industrial - Market size and forecast 2021-2026
  • Infrastructure - Market size and forecast 2021-2026
  • Power generation and utilities - Market size and forecast 2021-2026
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2021-2026
  • North America - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • ALSTOM SA
  • CG Power and Industrial Solutions Ltd.
  • Eaton Corp. Plc
  • General Electric Co.
  • Larsen and Toubro Ltd.
  • Lucy Group Ltd.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The packaged substation market growth will increase by $3961.79 Million during 2021-2026.
The packaged substation market is expected to grow at a CAGR of 7.41% during 2021-2026.
Technavio has segmented the packaged substation market by application (Industrial, Infrastructure, and Power generation and utilities) and geographic (APAC, North America, Europe, South America, and MEA).
ABB Ltd., ALSTOM SA, CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, General Electric Co., Larsen and Toubro Ltd., Lucy Group Ltd., Schneider Electric SE, Siemens AG, Toshiba Corp. are a few of the key vendors in the packaged substation market.
APAC will register the highest growth rate of 39.01% among the other regions. Therefore, the packaged substation market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the packaged substation market growth are:
  • Increasing urbanization and industrialization
The packaged substation market vendors should focus on grabbing business opportunities from the industrial segment as it accounted for the largest market share in the base year.
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