Modular Substation Market worth 16.48 Billion USD by 2020
Modular Substation Market worth 16.48 Billion USD
Publié sur dans “Business”, langue – English. 2 pages.
Modular substation is an ideal solution for smart cities as well as traditional networks which require technical upgrades. It proves to be cost effective and increases the reliability on the T&D networks with reduced downtimes and power outages.
Modular or compact substation generally finds its application in power utilities, commercial, and industries. Significant presence of such equipment can be observed in smart grid and solar & wind applications. Plus
Global Modular Substation Market is projected to witness high growth on account of aging infrastructure requiring replacement & refurbishment and increasing T&D network expansions. Global modular substation market is estimated to be at USD 10.78 Billion in 2015 and is projected to reach USD 16.48 Billion by 2020, at a CAGR of 8.85% from 2015 to 2020. Plus