An electrical substation involves electric power generation, transmission, and distribution. A substation may also include transformers to change voltage levels between lower distribution voltages and high transmission voltages and at the interconnection of two different transmission voltages. Large scale offshore wind installations that use extended array and export cables will drive the electric substation market. Electric Substation Market size will grow due to enhancement of current substation peripherals, ongoing integration of smart grid technology, and large-scale infusion of intermittent distributed generation networks. Additionally, industry attention towards the up scaling of mature & distressed electric infrastructure by the integration of IoT-based monitoring and control systems will further increase the demand for Electric substations with all relevant modern provisions.
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Top Key Major Players:-
1. ABB
2. Apollo Power Systems Pvt .Ltd.
3. General Electric
4. Mitsubishi Electric Corporation
5. MYR Group Inc.
6. Ormazabal Electric, S.L.U.
7. Schneider Electric
8. Siemens
9. TEKFEN CONSTRUCTION
10. Toshiba Corporation