Asia-Pacific Package Substation Market by Application, by Type, & by Region- Global Forecast to 2020
The Asia-Pacific package substation market is expected to reach USD 3.04 Billion by 2020, at a CAGR of 7.82% from 2015 to 2020. Package substations are helping industries in minimizing power distribution losses and in effective power distribution. Their usage saves installation time and minimizes spatial requirement. The Asia-Pacific package substation market has been segmented on the basis of application, type, and region. In the package substation market, by application, the industries segment is expected to lead the market during the forecast period. Increasing demand for electricity and increasing investments in the power sector are likely to drive the demand for package substations.
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