Portable Substation Market By Type, Component, Industry, Region, Demand Forecasts, Company Profiles, Industry Trends And Updates By 2030
Portable Substation Market
Analysis
The Portable
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 Portable
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 Portable 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 Portable Substations may limit the
global Portable Substation market growth over the forecast period.
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Market Segmentation
The MRFR report throws light on an inclusive
segmental analysis of the global Portable Substation market based on
application, power rating, mobile transformer, and voltage type.
·
By voltage type, the global Portable 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 Portable
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 Portable 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 Portable 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 Portable Substation market
covers the recent trends and growth opportunity across North America, Europe,
the Asia Pacific (APAC), and Rest of the World (RoW). Of these, North America
will head the market over the forecast period. Considerable rise in
transmission and distribution network, growing need for power, growing demand
for Portable Substation, developing power sector, high demand for energy, and
growing non-conventional and conventional power generation plants are adding to
the global Portable Substation market growth in the region.
In the APAC region, the global Portable Substation
market is predicted to have promising growth over the forecast period. Growing
demand for power, rising population, growth of the industrial sector, growing
need for proper power transmission and distribution for uninterrupted power
supply, and cost effective nature are adding to the global Portable Substation
market growth in the region.
In Europe, the global Portable Substation market is
predicted to have healthy growth over the forecast period. Presence of major
companies and adoption of technology are adding to the global Portable
Substation market growth in the region.
In RoW, the global Portable Substation market is
predicted to have steady growth over the forecast period.
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The Portable 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 Portable 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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