According to Cognitive Market Research, the global Prefabricated Substation market size will be USD 12542.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 5016.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3762.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2884.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 627.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 250.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.
The High Voltage Substation held the highest Prefabricated Substation market revenue share in 2024.
