Skip to main content

What are the Top Key Players in Substation Decommissioning Market?

 

Substation Decommissioning

 

·         A substation is a high-voltage electric system facility. The main application of the substation is to switch generators, equipment, and circuits or lines in and out of a system.

·         The substation also operates the change of alternating current (AC) voltages from one level to another and/or change alternating current to direct current or direct current to alternating current.

·         The substation comprises an assembly of switches, step-up/step-down transformers, power circuits, breakers, and auxiliary equipment that are used in transmission and distribution

·         A substation is an important part of the transmission and distribution of electricity. Moreover, old traditional substations and aging equipment are being decommissioned in order to increase the efficiency of substations and reduce energy loss. Old substations are being replaced by new efficient and digital instruments.

Key Drivers of Global Substation Decommissioning Market

 

·         Demand for substation decommissioning is increasing owing to a rise in automation and digitalization across the globe. Demand for electricity is high owing to a growth in population. This is driving the global substation decommissioning market in order to reduce power cuts and energy loss.

·         Increase in distribution networks and modernization of existing power infrastructure are anticipated to boost the demand for old substation decommissioning during the forecast period

COVID-19 Impact Analysis

 

·         Governments of various countries have enforced nationwide lockdowns, as a precautionary measure to curb the spread of the COVID-19 pandemic. This has disrupted planned substation decommissioning projects, globally, and has increased the number of power outages. The pandemic has restricted the supply of new equipment and skilled labor in the market.

 

Request Sample

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79789

Key Development

 

·         In December 2019, Schneider Electric, introduced EcoStruxure Asset Advisor for new electrical substation. The EcoStruxure Asset Advisor is a condition-based monitoring and predictive analytics service that enables companies to monitor the health of new substation assets through a customer dashboard. More than 100 variables are measured and computed to provide accurate and reliable condition-monitoring.

 

More Trending Reports

https://www.prnewswire.com/news-releases/players-in-bovine-colostrum-market-likely-to-gather-exceptional-demand-opportunities-from-medical-nutritional-food-producers-highlights-tmr-301331454.html

Asia Pacific to Hold Major Share of Global Substation Decommissioning Market

 

·         Based on region, the global substation decommissioning market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         Asia Pacific dominated the global substation decommissioning market in 2019, owing to a rise in urbanization and globalization in the region. The trend is projected to continue during the forecast period owing to an increase in energy losses and power outages caused due to poor electrical infrastructure. Moreover, investments in the industrial sector are rising, especially in countries such as China, India, and Japan

·         North America is estimated to hold a prominent share of the global substation decommissioning market in the next few years. Increase in urbanization and rate of electrification has boosted the demand for renewal of aging electrical infrastructure in the region.

·         The market in Europe is likely to expand at a healthy pace during the forecast period. High investments in the renewable sector and transmission & distribution infrastructure is estimated to propel the substation decommissioning market in the region

·         The market in Middle East & Africa and Latin America is anticipated to expand at a moderate pace during the forecast period. The industrial sector in these regions has been developing at a rapid pace. This is projected to augment the demand for new and efficient substations in the near future.

Request Covid19 analysis on this market

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=79789

Key Players Operating in Market

Leading players operating in the global substation decommissioning market include:

·         EMERALD TRANSFORMER

·         Portland General Electric

·         Solomon Corporation

·         Tokyo Electric Power Company Holdings, Inc.

·         Toshiba Energy Systems & Solutions Corporation

·         GMR Energy.

·         Triton Knoll

·         Uniper SE

·         Green-Port Environmental Managers Ltd.

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=79789&ltype=S

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more