The Global Mobile Substation Market size was anticipated to be worth US$3.3 billion in 2022, is expected to expand to US$ 12.09 billion by 2028, with a CAGR of 5.9% over the analyzed period.
A mobile substation is characterized as a completely independent trailer-mounted unit including a transformer, cooling gear, high-and low-voltage circuit assurance, meters, transfers, AC and DC helper power supplies, and overload security. The mobile substation is expected to be towed by a farm hauler truck. The plan and establishment of a mobile substation has explicit limitations that are absent when planning ordinary substations. Mobile substations have applications in the accompanying regions: utility arrangements, environmentally friendly power integration, smart networks and metropolitan substations, charge of rail and metropolitan vehicle, electrification of server centers, mechanical power frameworks, and numerous others.
Notwithstanding the steady power supply, the interest for extra power supply is additionally seen in different verticals, particularly in different businesses. The interest for these extra energy supplies has detonated because of the developing consciousness of the selection of sustainable power sources. Hence, a developing appropriation of mobile substations has been seen in the energy and power market. As well as going about as reinforcement power units in different enterprises, mobile stations have demonstrated to be viable in different circumstances like fiasco reaction, quick development of bandwidth, and so forth less requirement for delayed blackouts. Because of the foundational layout of mobile substations, mobile substations are not difficult to introduce.
MOBILE SUBSTATION MARKET REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 – 2028 |
Base Year |
2022 |
Forecast Period |
2023 - 2028 |
CAGR |
7.57% |
Segments Covered |
By Component, Application, and Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric Company (U.S.), Qingdao TGOOD Electric (China), Elgin Power Solutions (U.S.), Meidensha Corporation (Japan), Matelec Group (Lebanon), Enerset Power Solutions (Texas), EKOSinerji (Turkey), WEG (Brazil), Atlas Electric Inc (U.S.) and Delta Star Inc. (U.S.) and Others. |
Because of their ease of mobility, flexibility, and high backup capability, emergency mobile substations are becoming increasingly popular. In addition, mobile substations are commonly employed because of their economic efficiency. It is commonly utilized in military sites and the construction industry since it can be quickly transported from one location to another. Furthermore, emergency mobile substations enable reliable transmission and distribution of electrical power across the grid, making them widely employed in a variety of industries. Furthermore, in some cases, the deployment of emergency mobile substations offers permanent or semi-permanent installation.
Mobile substations are an important flexible connection in electrical systems. Mobile substations, which are well-equipped with high and medium-voltage components such as power transformers, switchgear, and disconnecting switches, can be deployed quickly and flexibly for any power supply and distribution in the industry. Mobile substations are deployed in the case of a disaster, such as a fire, sabotage, blackouts, or harsh weather. They are effective options for resolving a range of eventualities that utilities encounter, thereby pushing the market due to the transportation requirements in a very short period of time.
Furthermore, market expansion is aided by aspects like as cost-effectiveness, flexibility, time-savings, and ease of installation of mobile substations. Maintenance of a mobile substation, on the other hand, is a problem that stifles the market because even a minor failure can create several disruptions.
The Middle East and Africa offer a lucrative market for mobile substations. This acts as the major opportunity for the global mobile substation market growth during the forecast period.
Many developing countries lack the necessary equipment to build mobile substations. The equipment in mobile substations is highly costly, and many nations cannot afford it. The market's expansion is further hampered by a scarcity of competent labor for equipment maintenance.
Mobile substations are useful for emergency response as backup units and can also be useful in cases where power distribution needs to be supplied or restored in a short period of time. The mobile station market is fragmented, with the presence of many small and medium-sized companies offering products for utility applications and serving mainly local markets. Transportability, short start-up and commissioning times, reduced mechanical footprint, and the absence of construction works are some of the main benefits expected to drive mobile substation growth during the period.
Mobile substations are used in both industrial and utility applications. Planned maintenance, disaster response, and rapid expansion of transmission capacity are some of the uses in which the mobile substation has shown proven results for utilities. The mobile substation has proven to be a suitable solution to provide a temporary power supply during unscheduled repairs. Additionally, during scheduled maintenance, mobile substations can reduce or even eliminate the need for prolonged power outages. Therefore, the utility application is expected to grow during the forecast period.
The ongoing COVID-19 pandemic is causing long-term disruptions in several important processes and different industries, including automotive, chemical, oil and gas, power and electricity, mining and manufacturing. The enormous growth in the spread of the virus is pushing governments around the world to impose strict restrictions on the movement of humans and vehicles. As a result, the nationwide lockdown is disrupting the supply chain and the production of components, equipment and systems, as well as the supply of raw materials for the manufacture of components used in a mobile substation. Limited production activities and reduced demand from end-use industries are limiting overall market revenues for the mobile emergency station market, resulting in lower market growth in the coming years. The emergence of COVID-19 has paralyzed the world. We understand that this health crisis has had an unprecedented impact on companies altogether sectors. However, that too will pass. Increasing support from governments and various companies can help combat this highly contagious disease. Some industries are struggling and others are booming. In general, almost all sectors are expected to be affected by the pandemic.
North America is expected to remain the dominant region in terms of demand for mobile substations. The electricity sector has a solid base in North America, due to the high demand for energy associated with the growth of conventional and unconventional power generation plants. The mobile station market in North America is also encouraged to provide an advanced and reliable solution for transportation and distribution activities. The heavy dependence of North American countries on a reliable power supply for economic development has resulted in a lucrative market for mobile substations.
Asia-Pacific is another important market for mobile substations. The demand for electricity in the region has increased significantly due to population growth and the growth of the industrial sector. This has led to an increased need for adequate power transmission and distribution to ensure an uninterrupted power supply. Mobile substations can offer a cost-effective solution for this.
Key Players in the Market:
Major Key Players in the Global Mobile Substation Market are
Frequently Asked Questions
The global market for Mobile Substation, which was anticipated to be worth US$840.9 million in 2022
The need for mobile substations as alternate powerhouses is being fueled by increased demand for electricity, quick expansion of transmission capabilities, speedier commissioning, hassle-free installation and repositioning, minimum set-up involving no complex construction, and small size.
Eaton, TGood, Matelec group.
Mobile Substation Industry is growing at a CAGR of 5.9%.
Mobile Substation Industry is expected to expand to US$1.2 billion by 2028.
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