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Modular Substation Market Research Report Information By Voltage (11kV-33kV, 33kV-400kV, Above 400kV), By Type (Skid Mounted, Fixed), By Insulation Type (Air, Gas), By Application (Power Utilities, Commercial, Industrial) - Forecast till 2032


ID: MRFR/E&P/6188-HCR | 111 Pages | Author: Priya Nagrale| July 2024

Modular Substation Market Scenario


Modular Substation Market size is projected to be worth USD 47.69 Billion, registering a CAGR of 7.70% during the forecast period (2024-2032). The market was valued at USD 22.7 billion in 2023.


A modular substation is an important component of an electrical generating, transmission, and distribution system that helps to change voltages and performs other activities such as monitoring, protection, and switching. High voltage equipment, power transformer, and medium voltage equipment are the three independent modules that make up a modular substation. These substations have some advantages over traditional substations, including reduced installation time and space savings while improving safety.


Local equipment rooms, LV/MV/HV packaged substations, generator power plant rooms, control rooms, and process or utility buildings are all examples of modular substation uses. Modular substations are built to work in hazardous, chemically contaminated, and potentially explosive settings. The global modular substation market is predicted to be driven by factors such as increasing urbanization and industrialization, aging power infrastructure, and minimal spatial requirements. One of the most significant difficulties that utilities confront today is the aging of their power-producing and distribution facilities. Utilities and grid operators bear enormous costs as a result of electricity infrastructure failure. They conserve space and can be used to upgrade power infrastructure in areas where space is limited. The worldwide modular substation market is projected to be driven by such reasons.


Modular substation is a critical part of electrical generation, transmission, and distribution system, which is designed to help transform voltages and perform other functions, including monitoring, protection, and switching. Modular substation consists of three separate modules, namely, high voltage equipment, power transformer, and medium voltage equipment. These substations offer many advantages to conventional substations including installation time and saving space while enhancing safety. Modular substation is used for a wide range of applications, including local equipment rooms, LV/MV/HV packaged substations, generator power plant rooms, control rooms, and process or utility buildings. Modular substations are designed to work safely in harsh, chemically contaminated and potentially explosive and environments.


Key Players



  • 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)

  • Enerset Power Solutions (US)

  • American Modular Power Solutions Inc. (US)


Industry News



  • For the industrial gas business Linde in Singapore, Hitachi ABB Power Grids designed a prefabricated containerized gas-insulated substation in July 2021. BW Ideol and Hitachi ABB have agreed to work together on the development of floating substations for offshore wind farms.

  • Hitachi ABB Electricity Grids unveiled a ground-breaking modular mobile substation solution in October 2020, drastically reducing the time it takes to restore power in the event of significant disruptions like natural catastrophes. The world's first 400 kV multi-voltage modular mobile substation technology can be quickly transported and erected to restore power, cutting the time it takes to build a traditional substation from 18 months to just seven days.


Rising urbanization and industrialization, aging power infrastructure, and minimum spatial of requirements are the factors expected to drive the global modular substation market. Aging electricity generation and distribution infrastructure are among the biggest challenges that utilities face today. Due to the failure of power infrastructure, huge costs are incurred by the utilities and grid operators. According to the US Department of Energy, in the US, nearly 75% of transmission lines and transformers are 25 years old. Aging infrastructure is the biggest threat to the energy supply in the US and require replacement and refurbishment. So, modular substations and other equipment are required for reliable energy supply. Also, they save space and are useful for upgrading power infrastructure where space is at a premium. Such factors are expected to drive the global market. However, the factors such as lack of standardization and grid stability will pose a challenge to the global market.


Global modular substation market has been segmented based on voltage, type, fuel type, application, and region. Based on voltage, the market is classified into 11kV-33kV, 33kV-400kV, and above 400kV. The 33kV-400kV segment is leading the market, mainly due to the wide use of this substation by utilities for reliable power supply. The global market is further segmented based on insulation type into air and gas. On the basis of type, the global modular substation market is segmented into skid/trailer mounted and fixed. Skid/trailer mounted segment led the global modular substation genset market in 2018. The global market is segmented by application into power utilities, commercial, and industrial. Power utilities segment is estimated to hold the largest share in the Global Modular Substation Market during the forecast period.


Industry Update


BW Ideol and Hitachi ABB have decided to collaborate in the production of floating substations for supporting offshore wind farms.


Market Segmentation




  • By Voltage



    • 11kV-33kV

    • 33kV-400kV

    • Above 400kV






  • By Insulation Type



    • Air

    • Gas






  • By Type



    • Skid/Trailer Mounted

    • Fixed






  • By Application



    • Power Utilities

    • Commercial

    • Industrial






  • By Region



    • Asia-Pacific

    • North America

    • Europe

    • Middle East & Africa

    • South America




Global Modular Substation Market


Global modular substation market is expected to witness substantial growth during the forecast period owing to urbanization and industrialization, and aging power infrastructure. Asia-Pacific is expected to be the largest modular substation market, by region, during the forecast period. China is expected to be the fastest-growing market in Asia-Pacific owing to rising demand of power solutions due to the investments in power generation capacity additions. This is due to the urbanization and growing energy generation needs in the region. Moreover, the rural electrification plans are expected to further boost the demand of modular substation in Asia-Pacific. In North America, the US is expected to dominate the modular substation market owing to refurbishment of its existing power infrastructure. The Middle East also offers promising business opportunities in the market owing to rising infrastructural developments.

Report Attribute/Metric Details
Market Size 2023  USD 22.7 Billion
Market Size 2024  USD 24.47 Billion
Market Size 2032  USD 47.69 Billion
  CAGR   7.70% CAGR (2024-2032)
  Base Year   2023
  Forecast Period   2024 to 2032
  Historical Data   2019 & 2022
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Voltage, Type, Insulation Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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), Enerset Power Solutions (US), American Modular Power Solutions Inc. (US)
  Key Market Opportunities   Increasing Share of monitoring, protection, and switching
  Key Market Drivers Rising urbanization and industrialization Aging power infrastructure


Frequently Asked Questions (FAQ) :

At 7.70% CAGR, the modular substation market can surge, from 2024 to 2032.

By 2032, the modular substation market can reach at USD 47.69 Million.

Eaton Corporation plc (Ireland), General Electric (US), Siemens AG (Germany), and Crompton Greaves Ltd (India) are some reputed companies in the modular substation market.

Air and gas are insulation types used for modular substation.

Power utilities, industrial, and commercial are areas of application of modular substation.

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