Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “Southwest US Substation Services Market” that contains the information from 2019 to 2035.
The US Substation Services market is estimated to register a CAGR of 5.529% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Southwest US Substation Services market— Quanta Services, KVP Energy Services, BEI, National Powerline, Great Southwestern Construction, STAR Energy Services LLC, Voltyx Energy Solutions, Power Substation Services, EC Source Services, and Henkels & McCoy West
Southwest US Substation Services Market Highlights
The Southwest US Substation Services market is accounted for to register a CAGR of 5.529% during the forecast period and is estimated to reach USD 5,307.76 million by 2035.
The expansion of Electric Vehicle (EV) infrastructure in the Southwest U.S. is a rapidly growing sector with significant potential for reshaping the transportation and energy landscape. The Southwest region, which includes states like California, Nevada, Arizona, New Mexico, and Texas, has become a critical area for EV infrastructure development, driven by a combination of favorable policy incentives, rapid adoption of electric vehicles, and a need to modernize the energy grid to accommodate the growing demand for clean, reliable electricity.
Substations in the Southwest U.S. play a pivotal role in supporting the growing demand for electricity driven by electric vehicles. As the number of EVs on the road continues to increase, the existing electrical grid infrastructure must be upgraded to ensure reliable power distribution. Substations, which connect the high-voltage transmission lines to the lower-voltage distribution lines that deliver electricity to homes and businesses, will be at the core of this upgrade.
The expansion of EV charging stations across the region is creating an increased demand for power, and substations are critical in managing this new load. Unlike traditional fossil fuel-powered vehicles, EVs need access to continuous and reliable electricity to charge, especially as drivers demand more fast-charging and ultra-fast charging stations for long-distance travel. To meet these demands, substations must be upgraded to handle the higher power outputs necessary to support fast chargers and additional electric load from widespread EV adoption.
Segment Analysis
The Southwest US Substation Services market has been segmented based on Type, Voltage, Technology, Application, End Use, State.
The Southwest US Substation Services market segmentation, based on Type has been segmented into Operation & Maintenance (O&M) Services, Technology & Engineering Services, Construction Services, Upgradation & Retrofit Services, Others. Among these, the Operation & Maintenance (O&M) Services US Substation Services is projected to dominate the Southwest US Substation Services market revenue through the projected period. Based on Voltage it has been segmented into Low Voltage, Medium Voltage, High Voltage in the Southwest US Substation Services market, Low Voltage is projected to dominate the Southwest US Substation Services market revenue through the projected period. Based on Technology it has been segmented into Smart Substations, Gas-Insulated Substations (GIS), Air-Insulated Substations (AIS), Mobile Substations, Others, Air-Insulated Substations (AIS) is projected to dominate the Southwest US Substation Services market.
In the Application segment, the market is categorized into Power Transmission, Power Distribution, Renewable Energy Integration, out of which the Power Distribution held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. In the End Use segment, market is categorized into Utility and Industrial. Among these, Utility segment is projected to dominate the Southwest US Substation Services market.
State Analysis
By State, the US Substation Services market is segmented into California, Nevada, Arizona, New Mexico, Utah, Texas, Oklahoma, Colorado. The California US Substation Services market holds considerable market share and is also forecasted to hold the largest share during the forecast period.
Arizona is also experiencing significant growth in the US Substation Services market.
Key Findings of the Study
- The Southwest US Substation Services market is expected to reach 5,307.76 million by 2035, at a CAGR of 5.529% during the forecast period.
- California accounted for the fastest-growing market.
- Based on Type, the Operation & Maintenance (O&M) Services segment was attributed to holding the largest market in 2024.
- Based on Voltage, the Low Voltage segment was attributed to holding the largest market in 2024.
- Based on Technology, the Air-Insulated Substations (AIS) segment was attributed to holding the largest market in 2024.
- Based on Application, the Power Distribution segment was attributed to holding the largest market in 2024.
- Based on End Use, the Utility segment was attributed to holding the largest market in 2024.
- Quanta Services, KVP Energy Services, BEI, National Powerline, Great Southwestern Construction, STAR Energy Services LLC, Voltyx Energy Solutions, Power Substation Services, EC Source Services, and Henkels & McCoy West are the key market players.