DUBLIN–(BUSINESS WIRE)–The “Modular Substations: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Modular Substations Market to Reach $40.3 Billion by 2030.
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 Attributes:
| Report Attribute | Details |
| No. of Pages | 226 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $22.4 Billion |
| Forecasted Market Value (USD) by 2030 | $40.3 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Modular Substation – Global Key Competitors Percentage Market Share in 2020 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
FOCUS ON SELECT PLAYERS (Total 47 Featured)
- ABB Group
- American Modular Power Solutions, Inc.
- AMPControl Pty., Ltd.
- Bharat Heavy Electricals Ltd.
- Creative Distribution Automation Co., Ltd.
- Crompton Greaves Ltd.
- Eaton Corporation PLC
- Enerset Power Solutions
- General Electric Company
- Modpower
- Siemens AG
- Skema S.P.A.
- SPX Transformer Solutions, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/a0t7go
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