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Home » Energy and Power » Containerized Substation Market Size, Share Report

Containerized Substation Market By Voltage Level (Low Voltage, Medium Voltage, High Voltage); By Application (Utilities, Industrial, Commercial, Oil & Gas, Mining, Renewables (Solar, Wind)); By Component (Transformers, Switchgear, Circuit Breakers, Surge Arresters, Others); By Mobility (Fixed, Mobile); By Geography, Segment revenue estimation, Forecast, 2024–2032.

Published On: OCT-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 07661111

The containerized substation market was worth USD 2.5 billion in 2023 and will be worth USD 4.83 billion by 2030, growing at a CAGR of 8.6% during the forecast period.

 

The containerized Substation market is dominated by the rising need for portable and modular power sources in remote /developing regions. Global energy consumption is projected to increase by more than 25% by 2040, and hence, there is a need to develop deployable and quickly erected substations to support infrastructure in areas without permanent power networks. Another potential benefit of containerized substations is that they are assembled, tested, and moveable; they can be up to 50% quicker to install than conventional substations. Integration of smart grid technologies into containerized substations means that these substations are being equipped with the ability to manage the energy and also to monitor them remotely. For instance, renewable power plants, including solar and wind, rely on these substations when connecting to the grid in remote regions where establishing permanent structures may be expensive or inconceivable. The key drivers of the market are the gradual move to the use of clean energy and the requirement for quick power solutions in crisis and limited-term business.

 

The Containerized Substation industry has growth potential as the global trend towards renewable energy and electrification of distant regions emerges. By 2050, power generation through renewable energy sources is expected to be nearly 50%, and hence, containerized substations are commonly employed to interface renewable projects such as solar and wind. These modular and transportable structures can be set up quickly and economically, particularly in regions with minimal fixed facilities. Recent innovations include the increase in the application of containerized substations in microgrid projects, such as distributed generation power in remote areas, disaster-prone zones, and construction sites. For instance, in Africa and some parts of Asia containerized substations are being used to offer instant power in the unconnected region which is a key factor in enhancing the rurally electrification. This increasing emphasis on decentralized and renewable energy sources has created a big opportunity for the containerized substation market.

 

Market Segmentation

By Voltage Level:

  • Low Voltage

  • Medium Voltage

  • High Voltage

 

By Application:

  • Utilities

  • Industrial

  • Commercial

  • Oil & Gas

  • Mining

  • Renewables (Solar, Wind)

 

By Component:

  • Transformers

  • Switchgear

  • Circuit Breakers

  • Surge Arresters

  • Others

 

By Mobility:

  • Fixed

  • Mobile

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

The Middle East and Africa contribute significantly to the Containerized Substation market due to the pressure to electrify the region and enhance its power infrastructure. In Africa alone, more than 600 million people do not have electricity, hence the rise of the use of containerized substations to bring power to remote areas in a quick and efficient manner. For instance, portable substations are currently being used to enable energy projects and bring power to mining and rural areas where building conventional substations is expensive and time-consuming. Recent ones include using containerized substations for renewable energy sources, especially in North Africa and Middle Eastern regions where solar wind plants are rapidly growing. These substations are useful for balancing distributed renewable generation and connection to the grid where geographical constraints or immature grid make it difficult. This strong demand for mobile, modular power solutions means that the Middle East and Africa will continue to dominate the market.

 

Key Players

  • ABB Ltd.

  • Siemens AG

  • Schneider Electric

  • Eaton Corporation

  • General Electric (GE)

  • Powell Industries, Inc.

  • CG Power and Industrial Solutions

  • Elgin Power Solutions

  • TGOOD Global Ltd.

  • Matelec Group

Frequently Asked Question About This Report

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Table of Contents

1.    CONTAINERIZED SUBSTATION MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    CONTAINERIZED SUBSTATION MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – CONTAINERIZED SUBSTATION MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Voltage Level of Containerized Substation and End Use Outlook Analysis
4.    HISTORIC TRENDS IN CONTAINERIZED SUBSTATION MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA CONTAINERIZED SUBSTATION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Containerized Substation Historical Market ($MILLION), (2017 – 2023)
6.2. North America Containerized Substation Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Level
6.3.1. Low Voltage
6.3.2. Medium Voltage
6.3.3. High Voltage
6.4. North America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Component
6.4.1. Transformers
6.4.2. Switchgear
6.4.3. Circuit Breakers
6.4.4. Surge Arresters
6.4.5. Others
6.5. North America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Mobility
6.5.1. Fixed
6.5.2. Mobile
6.6. North America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
6.6.1. Utilities
6.6.2. Industrial
6.6.3. Commercial
6.6.4. Oil & Gas
6.6.5. Mining
6.6.6. Renewables (Solar, Wind)
6.7. North America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA CONTAINERIZED SUBSTATION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE CONTAINERIZED SUBSTATION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Containerized Substation Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Containerized Substation Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Level
8.4. Europe Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Component
8.5. Europe Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Mobility
8.6. Europe Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
8.7. Europe Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC CONTAINERIZED SUBSTATION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Containerized Substation Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Containerized Substation Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Level
9.4. APAC Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Component
9.5. APAC Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Mobility
9.6. APAC Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
9.7. APAC Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA CONTAINERIZED SUBSTATION MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Containerized Substation Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Containerized Substation Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Level
10.4. Latin America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Component
10.5. Latin America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Mobility
10.6. Latin America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
10.7. Latin America Containerized Substation Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. ABB LTD.
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Siemens AG
11.3. Schneider Electric
11.4. Eaton Corporation
11.5. General Electric (GE)
11.6. Powell Industries, Inc.
11.7. CG Power and Industrial Solutions
11.8. Elgin Power Solutions
11.9. TGOOD Global Ltd.
11.10. OTHER MARKET PLAYERS