Market Research Future Insights
According to MRFR analysis, the global Mobile Substation market is expected to register a CAGR of ~5% from 2023 to 2030 and hold a value of over USD 1,136.9 Million by 2030.
A mobile substation is a portable substation that can be quickly and easily deployed to provide power to a specific area. Mobile substations are often used in emergencies, such as when a power line is downed or a substation is damaged.
They can also be used to provide power to a construction site or other temporary applications. Mobile substations typically consist of a transformer, switchgear, and other necessary equipment mounted on a trailer or other type of chassis.
Key Players
- 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.)
- Delta Star Inc. (U.S.)
Regional Analysis
North America is the largest market for mobile substations, accounting for more than 40% of the global market. The region is expected to maintain its leading position over the forecast period, owing to the increasing demand for mobile substations from the utility and industrial sectors. The demand for mobile substations is expected to grow significantly in the utility sector, due to the increasing need for efficient power solutions in the wake of rising power demand.
The Asia Pacific mobile substation market is expected to grow at the highest CAGR over the forecast period. The region is anticipated to be the fastest-growing market, due to the increasing demand for mobile substations from the utility and industrial sectors in China, India, and other countries in the region.
Market Segmentation
The Global Mobile Substation market size has been segmented into Voltage Type, Mobile Transformer, Power Rating, and Applications.
Based on Voltage Type, the market has been segmented into HV and MV.
Based on Mobile Transformers, the market has been segmented into Power Transformers and Distribution transformers.
Based on Power Rating, the market has been segmented into Up to 10MVA, 11 MVA-25 MVA, 25 MVA-100 MVA, and Above 100 MVA.
Based on Applications, the market has been segmented into Energy & Utilities, Infrastructure, Industrial, and Others.
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