Mobile Substation Market Overview And In-Depth Analysis With Top Key Players By 2030
Mobile Substation Market
Analysis
The Mobile
Substation Market is expected to rise at a compound annual growth
rate (CAGR) of 5% from 2022 to 2030.
Various factors are fuelling the global mobile
substation market share. As per the recent MRFR market estimates, such factors
include the various alluring features such as flexible solution, easy
installation, and time saving, growing adoption of mobile substations in the
power and energy market, growing industrialization, cost effectiveness, wide
application in residential, industrial and utility sectors, and fast
restoration of power supply during power outage.
On the contrary, lack of awareness, impact of the
COVID-19 pandemic, and high maintenance of mobile substations may limit the
global mobile substation market growth over the forecast period.
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Report Attribute/Metric |
Details |
CAGR |
5%CAGR (2022-2030) |
Base Year |
2021 |
Forecast Period |
2022-2030 |
Historical Data |
2019 & 2020 |
Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth
Factors, and Trends |
Segments Covered |
Voltage, Power Rating and Applications |
Geographies
Covered |
North America, Europe, Asia-Pacific, and Rest of
the World (RoW) |
Market Segmentation
The MRFR report throws light on an inclusive
segmental analysis of the global mobile substation market based on application,
power rating, mobile transformer, and voltage type.
·
By voltage type, the global mobile substation market
is segmented into MV and HV. Of these, the MV segment will lead the market over
the forecast period.
·
By mobile transformer, the global mobile substation
market is segmented into distribution transformer and power transformer. Of
these, the distribution transformer segment will dominate the market over the
forecast period.
·
By application, the global mobile substation market
is segmented into industrial, infrastructure, energy and utilities, and others.
Of these, the energy and utilities segment will spearhead the market over the
forecast period.
·
By power rating, the global mobile substation market
is segmented into above 100 MVA, 25 MVA-100 MVA, 11 MVA- 25 MVA, and up to 10
MVA. Of these, the 25 MVA- 100 MVA segment will have the lions share in the
market over the forecast period.
Regional Analysis
By region, the global mobile substation market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW).
North America
will head the market over the forecast period. Considerable rise in
transmission and distribution network, growing need for power, growing demand
for mobile substation, developing power sector, high demand for energy, and
growing non-conventional and conventional power generation plants are adding to
the global mobile substation market growth in the region.
In the APAC region, the global mobile substation
market is predicted to have promising growth over the forecast period.
In Europe, the global mobile substation market is
predicted to have healthy growth over the forecast period.
In RoW, the global mobile substation market is
predicted to have steady growth over the forecast period.
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The mobile substation market is fragmented and competitive
with the presence of multiple domestic and international industry players.
These players have used assorted strategies to stay at the forefront and also
cater to the surging needs of the esteemed customers, such as collaborations,
partnerships, contracts, geographic expansions, new product launches, joint
ventures, and more. Additionally, these players are also making heavy
investments in research and development activities for strengthening their
portfolios and also creating a hold in the market.
Key Players
The notable players profiled in the global mobile substation market report include Delta Star Inc. (U.S.), Atlas Electric Inc (U.S.), WEG (Brazil), EKOSinerji (Turkey), Enerset Power Solutions (Texas), Matelec Group (Lebanon), Meidensha Corporation (Japan), Elgin Power Solutions (U.S.), Qingdao TGOOD Electric (China), General Electric Company (U.S.), Siemens AG (Germany), and ABB Ltd. (Switzerland), among others.
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