Mobile Substation Market Application and Industry Growth 2023


Posted June 29, 2022 by avinashgogawale14

At a CAGR of 7.57 percent, the Mobile Substation Market is anticipated to grow from its 2017 valuation of USD 742.4 million to USD 1,136.9 million by 2023.
 
At a CAGR of 7.57 percent between 2018 and 2023, the Mobile Substation Market is anticipated to increase from an estimated USD 789.3 million in 2018 to an estimated USD 1,136.9 million by 2023. Other names for the mobile substation are portable substation and small powerhouse. The mobility, efficiency, adaptability, and simplicity of installation of the mobile substation are factors influencing the market's expansion. Additionally, mobile substations can be set up in a small space and moved without any problems. During the projected period, the global market for mobile substations is anticipated to develop due to factors including portability, quick startup and commissioning times, reduced mechanical footprint, and lack of need for civil work.

Market for utilities application expected to grow at higher CAGR during the forecast period

Mobile substations can be helpful as backup units for emergency response and are also helpful in situations where the energy distribution needs to be given or restored in a hurry. Both industrial and utility applications use mobile substations. Mobile substations have demonstrated success for utilities in a variety of use cases, including planned maintenance, disaster response, and rapid increase of transmission capacity. For interim power supply during unscheduled repairs, mobile substations are employed. Additionally, movable substations can minimise or even completely eliminate the requirement for prolonged power outages during periods of planned maintenance.

Various companies, including Siemens, General Electric, Eaton, and MEIDENSHA provide mobile substations to the utility industry. For instance, in 2017 Siemens delivered 2 mobile substations for National Grid SA, the transmission operator of Saudi Electricity Co. Siemens is expected to design 2, 380kV mobile substations with transformer rating of 502 MVA each. General Electric supplied several mobile substations in the utility sector including for Saudi Electricity Company from Saudi Arabia and E.ON SE electric project in Spain.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1857695

Mobile Substation Market in the Middle East & Africa to grow at the highest CAGR during forecast period

In addition to holding the greatest market share, followed by the Americas, the Middle East & Africa is predicted to expand at the highest CAGR over the projection period. The global mobile substation market is anticipated to increase as a result of rapid electrification in Africa and demand from the continent's metals and mining industries.

Countries in the Middle East, like Iraq, are seeing fewer politically turbulent situations, and the government is working to provide necessities. In order to help with this, the Iraqi Ministry of Electricity bought 12 mobile substations in 2017. It is anticipated that Iraq's power deficit problems would be resolved by the increase in power supply brought on by the building of new substations. Additionally, the Iraqi Ministry of Electricity purchased 16 mobile substations from CG Power in 2014. (India). These substations are anticipated to be placed all over Iraq for utilities and businesses to supply temporary grid connections and power sources. The Aktif Group recently delivered 10 mobile substations to the Iraqi Ministry of Electricity in 2017. Countries such as Angola, Algeria, Mozambique, and Libya, among others are also leading to the high demand for mobile substations.

Key Players

Key Players in this Mobile Substation Market are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and MEIDENSHA (Japan). Other companies covered in this report are WEG (Brazil), AZZ (US), TGOOD (Hong Kong), Powell Industries (US), Elgin Power Solutions (US), Matelec Group (Lebanon), Aktif Group (Turkey), PME Power Solutions (India), EKOS Group (Turkey), Efacec (Portugal), and Delta Star (US).

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/mobile-substation-market-1857695.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
-- END ---
Contact Email [email protected]
Issued By Avinash
Phone +1-888-600-6441
Business Address Tower B5, office 101, Magarpatta SEZ,
Hadapsar, Pune-411013, India
Country India
Categories Business , Industry , Semiconductors
Tags mobile substation market
Last Updated June 29, 2022