The mobile substation market is expected to grow from an estimated USD 789.3 Million in 2018 to USD 1,136.9 Million by 2023, at a CAGR of 7.57% between 2018 and 2023. Factors driving the growth of this market include the ease of transportation, flexibility, cost-effectiveness, and easy installation of mobile substations. Moreover, mobile substation is a trailer mounted power solution and can be installed in a limited space and can be easily relocated without difficulty.
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The mobile substation market was valued at USD 742.4 Million in 2017 and is expected to reach USD 1,136.9 Million by 2023, at a CAGR of 7.57% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023.
The objective of the report is to provide a detailed analysis of the mobile substation market based on application and region.
The study also covers qualitative information of various components used in a mobile substation.
Target Audience for the Report:
- Component Suppliers
- Investors and Venture Capital Firms
- Integrated Device Manufacturers (IDMs)
- System Integrators
- Electric Hardware Equipment Manufacturers
- Assembly and Packaging Vendors
- Companies in the Electric Utilities Sector
- Analysts and Strategic Business Planners
- End-use Industries
The mobile substation value chain comprises the following phases: Tendering or proposal; design & assembly; transportation & commissioning; and End User. After receiving a proposal for a mobile substation, the company either designs and assembles a mobile substation or outsource it from another player.
Key players in this market are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and MEIDENSHA (Japan).
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Mobile substations are useful for emergency response as back-up units and can also be useful in cases where energy distribution requires to be provided or reinstated in a short span of time. Mobile substation market is fragmented, with the presence of many small and mid-size companies which supply products for utilities applications and primarily serve local markets.
1 Attractive Opportunities in the Mobile Substation Market
2 Mobile Substation Market, By Application
3 Mobile Substation Market in the Americas, By Application
4 Mobile Substation Market, By Region and Application
5 Middle East & Africa Mobile Substation Market, By Application
Mobile substations are utilized both, in utilities and industrial applications. Planned maintenance, disaster response, rapid expansion of transmission capacity are some uses wherein the mobile substation has delivered proven outcome for utilities.
The mobile substation is proven to be an apt solution to provide temporary power supply during unplanned repairs.
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The report on the global mobile substation market covers different segments—application and geography. On the basis of application, the mobile substation market has been classified into utilities and industrial applications.
The report covers 4 major geographic regions—Americas, Europe, APAC, and Middle East & Africa.
Maintenance is one of the key restraining factors for the mobile substation market as failure may critically affect the operation of various applications. Also, the transportation norms setup by different regional authorities may be a challenge for players.
For the US, the Department of Transportation (DOT) has made certain rules and regulations for the transportation of heavy electrical equipment.
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