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Asia Pacific Distribution Substation Market Trends

Report ID: GMI10673
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific Distribution Substation Market Trends

The integration of advanced technologies, such as Internet of Things (IoT) devices, sensors, and automation systems, is transforming traditional substations into smart substations. These smart systems enable real-time monitoring and control, improving the reliability and efficiency of power distribution. The adoption of digital substation solutions are accelerating, with utilities investing in digital protection and control systems to enhance grid stability.

The growing emphasis on clean energy in the Asia Pacific region is driving the integration of renewable energy sources, such as solar and wind, into the grid. This shift necessitates advanced distribution substations capable of handling intermittent power flows and ensuring stable grid operation. Consequently, there is an increasing demand for substations with advanced grid management capabilities, such as flexible AC transmission systems (FACTS) and energy storage systems.

Authors: Ankit Gupta , Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Asia Pacific market for distribution substation was worth around USD 18.7 billion in 2023 and is expected to record a CAGR of 3.5% through 2032, due to rapid urbanization, industrialization, and the increasing demand for electricity.

The conventional segment of Asia Pacific distribution substation industry is expected to cross USD 23.6 billion by 2032, since they utilize traditional technologies such as air-insulated switchgear (AIS) and transformers, making them reliable and effective.

China distribution substation market is anticipated to surpass USD 10 billion by 2032. As cities expand and new industrial zones emerge, there is an increasing need for robust and efficient distribution substations to manage the growing energy requirements.

General Electric, Hitachi Energy Ltd., L&T Electrical and Automation, Locamation, Open System International, Inc., Rockwell Automation, Inc., and Schneider Electric among others.