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Pulished Date February, 2021
ID: 11174
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Modular Substation Market Size, Share, Trends and Growth Analysis Report – Segmented By Voltage (11kV-33kV, 33kV-400kV, and Above 400kV), By Type (Skid/Trailer Mounted and Fixed), By Application (Power Utilities, Commercial, and Industrial) and Region - Industry Forecast | 2021 to 2026

Pulished: February, 2021
ID: 11174
Pages: 175

Modular Substation Market Value and Growth:

The global modular substation market is predicted to be worth USD 10.55 billion in 2021 and is foreseen to reach USD 16.93 billion by 2026, with a CAGR of 8.32% from 2021 to 2026.

 The objectives of the worldwide market for modular substations Compact and modular substations available in the market. These substations replace the traditional substation with the modernized devices and better power distribution in the networks. The main advantages of these solutions are less field requirements, automated solutions with minimal human interference, which can be employed in areas with extreme environmental conditions and less energy theft. The modular substation is an essential part of the electricity generation, transmission, and distribution system, designed to help transform voltages and perform other functions, including monitoring, protection, and switching. The modular substation consists of three separate modules, namely high-voltage equipment, power transformers, and medium-voltage equipment. These substations offer many advantages over conventional substations, including installation time and space savings while improving safety. The modular substation is employed for a wide range of applications, including local equipment rooms, LV / MV / HV integrated substations, power generation plant rooms, control rooms and buildings. processes or utilities.

Modular Substation Market Trends:

Continued urbanization and industrialization is driving new capacity additions in developing regions such as the Middle East and Asia Pacific, and the replacement / upgrade of aging energy infrastructure in developed regions, North America and Europe. The United States is predicted to be the biggest industry for modular substations owing to the nation's plans to upgrade and renovate its present electrical infrastructure. On the flip side, China is the quickest developing industry for modular substations. This expansion is attributed to the great call for electrical solutions in the country due to the huge investments to add capacity. Furthermore, India is also predicted to see an increase in call for smart solutions in the energy sector due to its rural electrification plans and its high rate of urbanization.

Recent Developments in the Modular Substation Market:

  • ABB launches prefabricated DC railway substation. ABB has launched a range of modular substations designed to save time and money for customers working in the Australian rail industry.
  • Chantiers de I’Altantique introduces the latest generation of an electrical substations.

Modular Substation Market Drivers:

Escalating urbanization and industrialization, aging electrical infrastructure, and minimal space requirements are likely to drive the worldwide market for modular substations. One of the biggest challenges facing utilities today is the aging of the electricity generation and distribution infrastructure. Due to the failure of the electrical infrastructure, utilities and network operators bear enormous costs. According to the United States Department of Energy, in the United States, nearly 75% of transmission lines and transformers are 25 years old. Aging infrastructure is the greatest threat to America's energy supply and must be replaced and renewed. Therefore, modular substations and other equipment are needed for a reliable power supply. In addition, they save space and are useful for upgrading electrical infrastructure where space is limited. These factors are predicted to drive the worldwide market for modular substations. However, factors such as the lack of standardization and grid stability will pose a challenge to the worldwide market for modular substations.

Modular Substation Market Restraints:

The inability of the governing bodies to standardize the market has been an important limiting factor for the modular substation market.

Opportunities in the Modular Substation Market:

The worldwide modular substation market is predicted to experience substantial expansion during the foreseen period due to urbanization and industrialization and aging electrical infrastructure. Escalating electrical substation modernizations associated with urbanization and industrialization in developing economies are predicted to drive the worldwide market for modular substations during the foreseen period. Greater investment in smart city infrastructure would encourage and provide new opportunities for market players operating in the modular substation market.

Challenges in the Modular Substation Market:

A single component failure can lead to major power outages, which can interfere with the entire system; Therefore, regular maintenance is necessary, which can inhibit the market. The high initial investment required that slows the market.




Market Size Available

2020 – 2025

Base Year


Forecast Period

2021 - 2026



Segments Covered

By Product, Type, Consumption, Distribution Channel and Region


Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa



Market Leaders Profiled

ABB Ltd. (Switzerland), Eaton Corporation plc (Ireland), Siemens AG (Germany), General Electric (US), Crompton Greaves Ltd (India), Bharat Heavy Electricals Limited (India), SPX Transformer Solutions, Inc. (US), Skema S.P.A. (Italy), ModPower Solutions (Mexico)

Modular Substation Market Segmentation:

By voltage:

  • 11kV-33kV
  • 33kV-400kV,
  • Above 400kV

The 33kV-400kV segment leads the market mainly due to the extensive use of these substations by utility companies for a reliable power supply.

By type:

  • Skid/Trailer Mounted
  • Fixed

The skid / trailer segment dominated the worldwide modular generator set market in 2021.

By application:

  • Power Utilities
  • Commercial
  • Industrial

It is predicted that the power utilities segment will have the majority of the worldwide modular substation market during the foreseen period.

Modular Substation Market Regional Analysis:

The Modular Substation Market Report includes the segmentation of Regions:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

Asia-Pacific had the largest share in 2021; North America and Europe follow. China and Saudi Arabia have higher expansion potential for modular substations. This expansion can be attributed to increased investment in the energy sector in Saudi Arabia and gradual economic expansion in China. China is becoming the industrial center due to low cost of labor and escalating urbanization. The country is experiencing rapid economic expansion that would more than double per capita electricity consumption by 2026. The market is predicted to dominate worldwide call for modular substations during the foreseen period. Asia-Pacific is predicted to be the largest modular substation market, by region, during the foreseen period. China is predicted to be the fastest growing market in Asia-Pacific due to the escalating call for power solutions due to investments in power generation capacity additions. This is due to urbanization and the growing needs for energy production in the region. Furthermore, rural electrification plans are predicted to further stimulate call for modular substations in Asia-Pacific.

In North America, the United States is predicted to dominate the modular substation market due to the renovation of its existing electrical infrastructure. The Middle East also offers promising business opportunities in the modular substation market due to escalating infrastructure development. The expansion of the modular substation is driven by the expansion of the grid infrastructure, investments in micro-grids and smart grids. Technological advances have led to an increase in electricity consumption that can result in the modular substation. Europe is predicted to grow at a moderate pace due to the adoption of microgrids, smart grids and renewable energy sources, among others. The extension of the transmission and distribution networks can support the market in Europe. Asia-Pacific is the most promising region in the world for market expansion due to various factors, such as emerging economies, in which India and China are continuously investing in the energy sector. The government and private entities play a crucial role in the electrification project. Considerable development of network infrastructure and extension of transmission and distribution lines can boost the market.

Impact of Covid-19 on Modular Substation Market:

The call for electricity has been drastically reduced due to the recent COVID-19 pandemic. Governments around the world have been forced to cut back on business activity to minimize the threat of coronavirus. This persistent situation due to COVID-19 has changed lifestyles around the world and most people stay home and work from home if possible. As a result, there is a significant increase in the residential load scales, while the commercial and industrial load declines dramatically. This heartbreaking situation creates the latest challenges in the technical and financial work of the energy fragment and as a result, most utilities around the world have launched a disaster management plan to overcome these current challenges/threats. Therefore, this study aims to investigate the worldwide energy systems scenes in COVID-19, as well as the socio-economic and technical issues facing utilities.

Modular Substation Market Key Players:

  1. ABB Ltd. (Switzerland),

  2. Eaton Corporation plc (Ireland),

  3. Siemens AG (Germany),

  4. General Electric (US),

  5. Crompton Greaves Ltd (India),

  6. Bharat Heavy Electricals Limited (India),

  7. SPX Transformer Solutions, Inc. (US),

  8. Skema S.P.A. (Italy),

  9. ModPower Solutions (Mexico),

  10. Enerset Power Solutions (US),

  11. American Modular Power Solutions, Inc. (US).


1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Modular Substation Market, By Type                              

                                6.1.1 Skid/Trailer Mounted         

                                6.1.2 Fixed         

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Modular Substation Market, By Application                  

                                6.2.1 Power Utilities       

                                6.2.2 Commercial            

                                6.2.3 Industrial 

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

                6.3 Modular Substation Market, By Voltage                         

                                6.3.1 11kV-33kV              

                                6.3.2 33kV-400kV,           

                                6.3.3 Above 400kV          

                                6.3.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.5 Y-o-Y Growth Rate Analysis              

                                6.3.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              



                                7.2.2 By Type    

                                7.2.3 By Application       

                                7.2.4 By Voltage              

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application       

                                7.3.4 By Voltage              

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application       

                                7.4.4 By Voltage              

                7.5 Latin America                            

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application       

                                7.5.4 By Voltage              

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Type    

                                7.6.3 By Application       

                                7.6.4 By Voltage              

8. Key Player Analysis                                    

                8.1 ABB Ltd                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Eaton Corporation plc                            

                8.3 Siemens AG               

                8.4 General Electric                        

                8.5 Crompton Greaves Ltd                          

                8.6 Bharat Heavy Electricals Limited                        

                8.7 SPX Transformer Solutions, Inc                           

                8.8 Skema S.P.A               

                8.9 ModPower Solutions                             

                8.10 Enerset Power Solutions                    

9. Market Outlook & Investment Opportunities                                 


                List of Tables                     

                List of Figures                   

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Modular Substation Market By Region, From 2021-2026 ( USD Billion )

  2. Global Modular Substation Market By Type, From 2021-2026 ( USD Billion )

  3. Global Skid/Trailer Mounted Market By Region, From 2021-2026 ( USD Billion )

  4. Global Fixed Market By Region, From 2021-2026 ( USD Billion )

  5. Global Modular Substation Market By Application, From 2021-2026 ( USD Billion )

  6. Global Power Utilities Market By Region, From 2021-2026 ( USD Billion )

  7. Global Commercial Market By Region, From 2021-2026 ( USD Billion )

  8. Global Industrial Market By Region, From 2021-2026 ( USD Billion )

  9. Global Modular Substation Market By Voltage, From 2021-2026 ( USD Billion )

  10. Global 11kV-33kV Market By Region, From 2021-2026 ( USD Billion )

  11. Global 33kV-400kV, Market By Region, From 2021-2026 ( USD Billion )

  12. Global Above 400kV Market By Region, From 2021-2026 ( USD Billion )

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