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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.
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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.
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.
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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.
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