Global Substation Market ![](https://i.imgur.com/Kyz4Izl.jpg) Global Substation Market Insights Global substation market is valued at USD 98.05 billion in 2021, and is projected to reach market size of USD 121.41 billion by 2028, at a CAGR of 3.10% over the forecast period 2022–2028. Substation is an electrical set-up with high-voltage capacity, which can be used to control the generators, circuits, and systems. The set-up is majorly used to convert AC to DC and is available in different sizes & voltage and also consists of an inbuilt transformer along with related switches. Some of the huge substations are built with different types of transformers, circuit breakers, switches, and other equipment. Get more details of report : https://skyquestt.com/report/substation-market Global Substation Market Segmental Analysis Global substation market is segmented by voltage, application, and end-user and region. Based on voltage, it is categorized into low, medium, and high, based on application, it is categorized into transmission and distribution. Based on end-user, it is categorized into utilities and industrial. By region, the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA. Global Substation Market Regional Insights Asia Pacific is dominating the global substation market and is expected to continue holding a significant market share during the forecast period. The demand for electricity is growing in Asia Pacific because of the increasing population, economic development, and electric vehicles. The population is growing rapidly in countries such as China and India, and these countries are adding both jobs and buildings. These additions require a lot of electricity to run businesses and homes. In addition, electric vehicles are becoming more popular in Asia Pacific. Many people are concerned about the environment and want to reduce their carbon footprints. Switching to electric vehicles can help do this. Top Players Company Profiles • GE (US) • NR Electric Co., Ltd. (China) • Siemens (Germany) • Hitachi ABB Power Grids (Switzerland) • Schneider Electric (France) • Eaton (Ireland) • Efacec (Portugal) • Rockwell Automation (US) • L&T Electrical & Automation (India) • Texas Instruments Incorporated (US) Get sample report copy : https://skyquestt.com/sample-request/substation-market Recent Developments • March 2022: Adani Transmission Limited (ATL) announced the building of transmission line and substation from Kharghar to Vikhroli that would increase power supply by 1,000 MW and be completed by the end of 2023. • March 2022: WHA Industrial Zone, Nghe An Electricity Company, and Northern Power Construction launched the newly-built 110kV substation in WHA Industrial Zone 1.