Modular Substations Market Set to Surpass $40 Billion by 2030, With Power Utilities Segment Leading Growth

DUBLIN, March 12, 2024 /PRNewswire/ — The “Modular Substations: Global Strategic Business Report” has been added to  ResearchAndMarkets.com’s offering.

The global market for Modular Substations estimated at US$22.4 Billion in the year 2022, is projected to reach a revised size of US$40.3 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2022-2030.

Power Utilities, one of the segments analyzed in the report, is projected to record 8.5% CAGR and reach US$20.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Industrial segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The Modular Substations market in the U.S. is estimated at US$6.8 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.

Key Benefits:

Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.Global competitiveness and key competitor percentage market sharesMarket presence across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and Research PlatformComplimentary updates for one year

Company Coverage:

ABB GroupAmerican Modular Power Solutions, Inc.AMPControl Pty., Ltd.Bharat Heavy Electricals Ltd.Creative Distribution Automation Co., Ltd.Crompton Greaves Ltd.Eaton Corporation PLCEnerset Power SolutionsGeneral Electric CompanyModpowerSiemens AGSkema S.P.A.SPX Transformer Solutions, Inc.

Key Topics Covered:

1. MARKET OVERVIEW

Influencer Market InsightsWorld Market TrajectoriesImpact of Covid-19 and a Looming Global RecessionModular Substation – Global Key Competitors Percentage Market Share in 2020 (E)Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/nawtx6

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SOURCE Research and Markets