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Packaged Substation Market Size, Share & Industry Analysis, By Type (Below 36kV, 36-150kV), By Application (Mining, Power, Oil and gas, Infrastructure, Others) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102155 | Status : Ongoing



In the last couple of decades, the world has seen some of the most awaited innovation in the field of information and communication technology, which has greatly impacted globalization. Incessant investment by renowned companies in research and development may create lucrative opportunities in many industry verticals. However, a lack of sufficient grid infrastructure may lag the market growth. A packaged substation is an essential device in the electrical power distribution system. It is a combination of electrical components such as medium and low voltage switchgear and transformer enclosed in a compact enclosure. It is an integral part of the power distribution network system from generation to distribution to end-user in the power industry. In the modern era, space constraint is the biggest problem in growing urbanization. Packaged substations are highly efficient in delivering power with minimum distribution losses. It can be installed with minimum space utilization in sophisticated infrastructure. It not only helps to optimize the overall cost of the substation by reducing overall procurement complexities but also mitigates the damage caused by short circuits. Thus in remote underground mining and oil & gas location, it can offer high efficiency. Therefore, the growing investment in mining, exploration and production activities and increasing power demand may leverage the market.

Packaged substation market segmented based on type and application. Type is further divided into below 36kV and 36-150kV. 36kV type packaged substation will dominate the market owing to the expansion of the power sector and investment in grid infrastructure. Packaged substations used in power, oil & gas, mining, infrastructure, and others. Power segmented will lead the market to the owing requirement of an uninterrupted power supply.

Key Market Driver -

Growing exploration and production in mining as well as oil & gas sector

Key Market Restraint -

High initial investment


The inflating demand for oil & gas besides metals & minerals has enormously increased exploration and production activities, which require a reliable power supply. Packaged substation offers an uninterrupted power supply with minimum distribution loss that may boost the market. In addition, the rising demand for compact substation which can be transported easily in remoted located likely to bolster the market.

High initial investment and regular maintenance required to avoid damages to costly equipment such as transformer and substation that may hinder the growth of the packaged substation market. 

Key Players Covered:

Some of the major conglomerates for the packaged substation market are Schneider Electric, Alfanar, Lucy Electric, Tepco-Group, C&S Electric Ltd., E+I Engineering,  Al Asry Electric Co. Ltd., Sudhir Power Ltd., Matelec, Eaton, Anord Mardix, and Faremco among others.

Regional Analysis:

The global packaged substation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Rising exploration and production activities in the U.S. and recent shale gas revolution has spurred the demand for uninterrupted power supply. Several companies are opting for packaged substations for reliable operation and continuous power supply that may uplift the market in North America. Europe is highly penetrating owing to the adoption of fo smart and microgrid along with rising renewable energy sources. Increasing investment in microgrid and smart technology to improve the power distribution network and replacement of the aging grid infrastructure is likely to augment the market.

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The Asia Pacific is one of the most favorable regions for the growth of the packaged substation market. India and China are unwaveringly trying to expand transmission and distribution networks. The Indian government recently launched the “Saubhagya Scheme” aiming for full electrification that may drive the market. Oil baron nations in the Middle East are extensively investing in exploration and production activities to meet the rising demand for hydrocarbon. Simultaneously, the African countries are inclined towards mining activities that require an uninterrupted and reliable power supply. Thus many companies picking packaged substations to meet their requirements that may multiply the growth of the market.




By Type

  • Below 36kV

  • 36-150kV

By Application

  • Mining

  • Power

  • Oil and gas

  • Infrastructure

  • Others

By Geography

  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Key Industry Developments

  • In March 2019, Lucy Group Ltd successfully acquired Arteche Electrical Switchgear business in Brazil. Lucy will continue to produce a wide range of medium voltage switchgear for South America.

  • In January 2019, Kuwait Oil Company signed a pact worth USD 597 million with Halliburton for the offshore drilling operation. The project aims to increase Kuwait’s oil and gas production.

  • In November 2018, Rio Tinto approved USD 2.6 billion investment in Koodaideri iron ore mine in Western Australia for advanced technological development. The mine will have an annual capacity of 43 million tonnes and production expected in late 2021.

  • Ongoing
  • 2023
  • 2019-2022

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