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Utility-Scale Substation Market - By Technology (Conventional, Digital), By Component (Communication Network, Electrical System), By Application (Transmission, Distribution), By Voltage Level (Medium, High), By Category (New, Refurbished) & Forecast, 2023

Publisher Global Market Insights
Published May 18, 2023
Length 640 Pages
SKU # GMI18024629

Description

Utility-Scale Substation Market - By Technology (Conventional, Digital), By Component (Communication Network, Electrical System), By Application (Transmission, Distribution), By Voltage Level (Medium, High), By Category (New, Refurbished) & Forecast, 2023 - 2032


Global Utility-Scale Substation Market size will expand exponentially through 2032. Growing investment by the government in the electric grid infrastructure is a leading factor behind the market growth. In May 2023, the U.S. government announced an investment of USD 50 million to modernize America’s electric grid. Moreover, rapid industrial development in emerging economies such as India and China has further bolstered the demand for these substations.

The overall utility-scale substation market is divided based on technology, component, application, voltage level, category, and region.

Based on technology, industry value from the conventional segment will register substantial gains through 2032. The cost-effectiveness and ease of operation associated with conventional technology used in utility-scale substations favor its adoption. Moreover, this technology has a proven track record of performance and can withstand challenging environmental conditions, ensuring consistent and reliable power distribution. Additionally, conventional technology is compatible with the existing infrastructure and systems present in utility-scale substations. This makes it easier to integrate new equipment or replace old components without requiring any significant changes in the overall substation design or configuration.

With respect to application, industry share from the distribution segment will grow at a notable CAGR from 2023 to 2032. Utility-scale substations are equipped with advanced monitoring and control systems that allow remote operation and real-time monitoring of substation equipment. These systems provide utilities with valuable data on various parameters such as voltage, current, power factor, and equipment status. Growing electricity consumption has increased the demand for utility-scale substations.

Based on voltage, high voltage utility-scale substation market share will grow at a lucrative CAGR from 2023 to 2032. Given their ability to transmit large amounts of power over longer distances, high-voltage utility-scale substations have gained immense traction. High-voltage transmission lines also require fewer conductors than lower-voltage lines, further reducing infrastructure costs. These substations reduce energy losses during long-distance power transmission, leading to lower greenhouse gas emissions.

On the regional front, Europe utility-scale substation market value will register considerable gains through 2032. Rapidly expanding population has increased the demand for utility-scale substations in the region. Moreover, the flourishing industrial sector will further present lucrative opportunities for regional growth. Europe is also home to major industry leaders such as ABB, Schneider Electric, and others emphasizing product innovations to extend their global footprint, which favors the growth of utility scale substation market in the region.

Table of Contents

640 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Utility-scale substation industry 360 degree synopsis, 2019 – 2032
2.2 Business trends
2.3 Technology trends
2.4 Component trends
2.5 Application trends
2.6 Voltage level trends
2.7 Category trends
2.8 Regional trends
Chapter 3 Utility-Scale Substation Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Vendor Matrix
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.6 Porter's Analysis
3.7 PESTEL Analysis
Chapter 4 Competitive Landscape, 2022
4.1 Strategy dashboard
4.2 Technology landscape
Chapter 5 Utility-Scale Substation Market Size and Forecast, By Technology (Units & USD Million)
5.1 Key trends, by technology
5.2 Conventional
5.3 Digital
Chapter 6 Utility-Scale Substation Market Size and Forecast, By Component (USD Million)
6.1 Key trends, by component
6.2 Substation Automation System
6.3 Communication Network
6.4 Electrical System
6.5 Monitoring & Control System
6.6 Others
Chapter 7 Utility-Scale Substation Market Size and Forecast, By Application (Units & USD Million)
7.1 Key trends, by application
7.2 Transmission
7.3 Distribution
Chapter 8 Utility-Scale Substation Market Size and Forecast, By Voltage Level (Units & USD Million)
8.1 Key trends, by voltage level
8.2 Medium
8.3 High
Chapter 9 Utility-Scale Substation Market Size and Forecast, By Category (Units & USD Million)
9.1 Key trends, by category
9.2 New
9.3 Refurbished
Chapter 10 Utility-Scale Substation Market Size and Forecast, By Region (Units & USD Million)
10.1 Key trends, by region
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 Italy
10.3.4 UK
10.3.5 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 Qatar
10.5.4 Oman
10.5.5 South Africa
10.6 Latin America
10.6.1 Brazil
10.6.2 Chile
Chapter 11 Company Profiles
11.1 Hitachi Energy Ltd.
11.2 Efacec
11.3 NR Electric Co., Ltd.
11.4 Siemens Energy
11.5 General Electric
11.6 Eaton
11.7 Schneider Electric
11.8 ABB
11.9 Cisco Systems, Inc.
11.10 Rockwell Automation, Inc.
11.11 L&T Electrical and Automation
11.12 Open System International, Inc.
11.13 SIFANG
11.14 CG Power & Industrial Solutions Ltd.

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