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Packaged Substation Market - New Revenue Pockets
Packaged substations are mostly used in the distribution networks given their properties, such as lower operation & maintenance costs. Meanwhile, equipment above this have not been considered due to their application limited to emergency backups for auxiliaries alone.
Developing nations provide a good opportunity for manufacturers or providers of packaged substations. These markets have high usage of such equipment for eliminating both technical and commercial losses. Asia-Pacific houses two of the largest economies of the world, China and India, with high urbanization and industrialization rates. This in turn, affects the growth and development of the distribution utilities. Hence, the region is expected to lead the global packaged substation market.
Packaged substations are used worldwide for their applications in various segments. Industries are the major application, owing to their easy setup and low space requirement. These equipment, if enabled with communication features, can provide features such as remote monitoring and control.
In 2013, the global industries market for packaged substation was estimated at 294,471.4 units. Uninterrupted power delivery to machines is paramount in all industries. Any interruption or breakdown can result in huge losses due to increased non-productive time. Packaged substations are used in industries to transform voltage, prevent damage to expensive instruments caused by overload and over-temperature, overcurrent, jams and undercurrent, high resistance winding faults, current and voltage unbalance, phase loss, and phase reverse. Other applications include power utilities and infrastructure & transportation.
These substations are used for different voltage types; below 36kV voltage packaged substations being of prime importance. This voltage type serves households and commercial buildings such as shopping complexes and hospitals. Package substations above this voltage level is used in areas where the connected load is high tension, such as a city/town, large industrial works, railways, and other HT (high tension) consumers. The demand for these substations is low due to the limited development of residential and small industrial sectors.
The major market players would invest in exploring product portfolios most suited to cater to the trending demands in the market. Partnership/agreement/collaboration activities and new product developments are the major strategies adopted by the major companies to maintain their leadership position. The players must make an effort to develop advanced products that suit customers’ demands. The demands are majorly dependent on the urbanisation rate of the region/country which affects the demand of the new distribution load centres. These load centres are one of the major application area for packaged substations
Packaged Substation Market by voltage Split (below 36kV and above 36kV to 150kV), by Application (Industrial, Infrastructure, and Power Utilities & Generation) and by Region - Global Trends and Forecasts to 2019
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