Unitised Substation Market Size, Share, Growth, Trends, and Forecast by 2031

MARKET OVERVIEW

The unitised substation is to put the transformer body, high voltage load switch, fuse and high and low voltage connection in a common closed oil tank, and use transformer oil as the insulating medium between the phases and the ground of the live part. The growth prospects in construction industry is propelling the demand for unitised substation. In addition, the growing adoption of unitised substation at public utility and shopping centers are fueling the market dynamics over the projected period.

MARKET SCOPE

The "Global Unitised Substation Market Analysis to 2031" is a specialized and in-depth study of the power substation with a special focus on the global market trend analysis. The report aims to provide an overview of the power substation market with detailed market segmentation by type, application and geography. The report provides key statistics on the market status of the leading unitised substation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of type the market is segmented into oil immersed transformer, dry type transformer
  
•   On the basis application, the market is segmented as construction site, IT industry, public utility, shopping center, others
  
  

MARKET DYNAMICS

Drivers:

•   Growing expansion of construction industry
  
•   Increasing demand from shopping centers and public utilities
  
  

Restraints:

•   High cost of installation restraints the market growth
  
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The unitised substation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the unitised substation market in these regions.

IMPACT OF COVID-19 ON UNITISED SUBSTATION MARKET

The emergence of the COVID-19 has severely impacted the power industries, which resulted decline in the demand for unitised substation plant in the year 2021. The outbreak of the pandemic led to demand-supply gap, shutdown of several manufacturing industries across the globe, which in turn, caused disruptions in raw material procurement and further led to price volatility. The withdrawal of upcoming investments and hold on for ongoing power projects has directly influenced the market growth. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted power demand across various industries. The limited availability of spares and manpower for maintenance due to the pandemic is a major problem that affects the market growth. Furthermore, project delays and cancellation of orders has affected the market dynamics over the pandemic recovery period. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the pandemic recovery period. The growth prospects in construction industry along with rise in investment for shopping centers during the pandemic recovery period is aiding the market dynamics over the forecast period.

MARKET PLAYERS

The report covers key developments in the unitised substation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the unitised substation market are anticipated to provide lucrative growth opportunities in the future owing growing demand from IT industry.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the unitised substation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ABB
  
•   Siemens
  
•   Schneider Electric
  
•   Telawne Power Equipments Private Limited.
  
•   Kirloskar Electric
  
•   Voltamp Transformers
  
•   Intrans Electro Components P Ltd
  
•   SAFVOLT
  
•   Marsons Limited
  
•   Tesla Transformers Global Private Limited
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Unitised Substation Report Scope