Dublin, April 27, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/nzsqdd/packaged) has announced the addition of the "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 " report to their offering.
The market is expected to be valued at $6.89 million globally in 2014. It is projected to grow at a CAGR of 10.19% during the forecast period.
Asia-Pacific holds the major market share, followed by North America & Europe. In terms of individual countries, the U.S. is expected to dominate the market in 2014 on account of extensive electrical infrastructure upgrades and installation of distribution utilities. The U.S. alone is estimated to hold more than 15% of the global packaged substation market in 2014. Rapid growth in the BRIC nations' economies is expected to be the major driving factor for the development of power sector in these nations. China and India are the leading countries that are undergoing rapid transformation with huge developments in infrastructure and grid expansion.Packaged substations are expected to be used extensively in the new electrical distribution networks, which are expected to ensure minimum losses and uninterrupted power supply.
The industries application holds the major market share in 2014 as packaged substations are used extensively by industries. Along with the capacity enhancement trending worldwide, investment distributed generation and distribution are expected to drive the market.
The packaged substation industry is very fragmented and offers opportunities for consolidation. This can be seen as several major M&A activities are taking place in the industry, as well as subsidiary formation by big players. There are few industry leaders disconcerted over the optimal growth strategy for this market. In this industry, most players are global multinational companies, though there are growing number of local competitors that offer packaged substations with high customization and suitability of local requirements.
The top five companies in the packaged substation industry include ABB Ltd. (Switzerland), Eaton Corporation (Ireland), GE (U.S.), Siemens AG (Germany), and Schneider Electric SA (France).
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Premium Insights
5. Market Overview
6. Industry Trends
7. Global PSS Market By Type
8. Global PSS Market By Application
9. Global PSSmarket, By Geography
10. Competitive Landscape
11. Company Profiles
- ABB Ltd
- Alstom
- Asia Electrical Power Equipment (Shenzhen) Co., Ltd.
- Crompton Greaves Limited
- Eaton Corporation
- General Electric Company
- Larsen & Toubro Ltd.
- Littlefuse Inc.
- Lucy Electric
- Schneider Electric SA
- Siemens AG
- Toshiba Corporation
For more information visit http://www.researchandmarkets.com/research/nzsqdd/packaged
Global Packaged Substation Market 2015-2019 - voltage Split, Application and Region Trends and Forecasts
| Source: Research and Markets