India Package Substation Market (2017-2023) | Size, Analysis, Trends, Growth, Revenue, industry, Growth, Outlook, Forecast & Segmentation

Latest 2023 Developments of the  India Package Substation Market

India Package Substation Market has witnessed the introduction of advanced technology used to save space, transform voltage (step-up or step-down), and protect equipment in the event of irregularities. Schneider Electric recently introduced the Smart-UPS Ultra, an industry first in 1U 3W UPSs that is 50 per cent smaller and lighter than the company's typical batteries, allowing for additional rack space for networking gear inside edge locations. Some of the big government projects are Make in India, UDAY, and Deendayal Upadhyaya Gram Jyoti Yojna, which are expected to impact the growth of package substations over the next six years.

Merger and Acquisition:

• On March 02, 2021, Siemens bought C&S Electric, an electrical equipment producer, after getting approval from India's Competition Commission.

India Package Substation Market Synopsis

Infrastructure development projects like smart cities and a growing share of renewable energy combined with initiatives taken by the government for rural electrification are the key driving factors for the package substation market in India. The Government of India has taken initiatives such as Make in India, UDAY, and Deendayal Upadhayaya Gram Jyoti Yojna, which are expected to impact the growth of package substations over the next six years.

According to 6Wresearch, the India Package Substation market size is projected to grow at a CAGR of 7.8% during 2017-23. Expansion of power transmission and distribution infrastructure across the country is anticipated to create key demand for package substations in India. Additionally, several government programs to increase the penetration of clean energy would drive the growth of the package substation market.

In India, the Western region accounted for the largest India Package Substation Market Share in terms of revenues in 2016, followed by the Southern region. States such as Maharashtra, Andhra Pradesh, Telangana, Gujarat, and Tamil Nadu lead the market in terms of industrial investments, with Uttar Pradesh and Haryana leading the market in terms of power sector investments in 2016. During 2017-23, Western and Southern regions are expected to continue their dominance with the share of the northern region also expected to increase in the forecast period.

The India Package Substation Market report thoroughly covers the India Package Substation market by voltage, verticals, and regions. The India Package Substation Market outlook report provides an unbiased and detailed analysis of the India Package Substation Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• India Package Substation Market Overview
• India Package Substation Market Outlook
• India Package Substation Market Forecast
• India Package Substation Market Size and India Package Substation Market Forecast Revenues until 2023
• Historical Data of the Global Package Substation Market for the Period 2015-2016
• Market Size & Forecast of Global Package Substation Market until 2023
• Historical Data of India Package Substation Market Revenue for the Period 2012-2016
• Market Size & Forecast of India Package Substation Market Revenue until 2023
• Historical Data of India Low Voltage Package Substation Market Revenue for the Period 2012-2016
• Market Size & Forecast of India Low Voltage Package Substation Market Revenue until 2023
• Historical Data of India Medium Voltage Package Substation Market Revenue & Volume for the Period 2012-2016
• Market Size & Forecast of India Medium Voltage Package Substation Market Revenue & Volume until 2023
• Historical Data of India High Voltage Package Substation Market Revenue & Volume for the Period 2012-2016
• Market Size & Forecast of India High Voltage Package Substation Market Revenue & Volume until 2023
• Historical Data of India Package Substation Vertical Market Revenue for the Period 2012-2016
• Market Size & Forecast of India Package Substation Vertical Market Revenue until 2023
• Historical & Forecast Data of India Package Substation Regional Market Revenue for the Period 2012-2016
• Market Drivers and Restraints
• India Package Substation Market Trends
• India Package Substation Market Share, by Players
• India Package Substation Market Overview on Competitive Landscape
• Company Profiles
• Strategic Recommendations

Market Scope and Segmentation

The India Package Substation Market report provides a detailed analysis of the following market segments:

By Types:

• 11KV
• 33KV
• 66KV
• 132KV

By Verticals:

• Residential
• Industrial
• Infrastructure & Transportation
• Commercial
• Power Utilities

By Regions:

• Northern
• Southern
• Western
• Eastern