Press release
Mobile Substation Market | Business Opportunities Growth Upto $1390.90 Mn by 2026 | ABB, WEG, Siemens, Powell Industries, Meidensha, Matelec, Jacobsen Elektro, Elgin Power Solutions, Ekos Group, Efacec Power Solutions, CG Power, Ampcontrol
Global Mobile Substation Services Market is accounted for $742.4 million in 2017 and expected to grow at a CAGR of 8.9% to reach $1390.90 million by 2026. Growing demand for power, considerable increase in transmission & distribution network, lucrative market growth in the Middle East & Africa and easy installation of mobile substations are some of the key factors favouring the market growth. However, maintenance of mobile substations is a major factor restraining the market growth.
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Industry Insights:
Mobile substations are autonomous systems that offer maximum mobility and flexibility. The substation consists of transformer, cooling equipment, high voltage switchgear and low voltage switchgear along with metering, protection relaying devices, AC and DC auxiliary power supply, surge protection, and cable connecting arrangement. A mobile substation is intended to be pulled by a truck tractor, due to which it is mounted on a specially designed semi-trailer chassis. They are used in emergency situations or at the places where land is not suitable for civil construction. Since this substations are on wheels they can be moved easily anywhere as and when required. The purpose of modernly developed mobile substation is mainly to guarantee quick restoration of power supply after a major fault in a substation.
Industry Top Players:
Some of the key players in Global Mobile Substation market are ABB, AZZ, WEG, Unit Electrical Engineering (UEE), Tgood, Tadeo Czerweny, Siemens, Powell Industries, PME Power Solutions (India) Limited, Nari Group, Meidensha, Matelec Group, Jacobsen Elektro, General Electric, Elgin Power Solutions, Ekos Group, Efacec Power Solutions, Eaton, Delta Star, CG Power, Ampcontrol Pty Ltd and Aktif Group.
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Market Segmentation:
By Mobile transformer, distribution transformer segment registered considerable share during the forecast period due to rising demand for urbanization and industrialization. This is used for lower voltage networks less than 200 MVA for end users. By Application, Energy & Utilities sector segment held significant share which can be attributed to the increase in demand for renewable energy sources, such as wind, solar, hydro to meet the consumers demand for power generation and high demand-supply gap in energy in most of the developing and developed nations.
By Geography, Middle East & Africa commanded the largest market share due to high demand from mining and utilities application from this region, rapid demand from the metals and oil& gas industries in Africa during the forecast period.
Components Covered:
• Surge Arresters
• Transformer
• Trailer
• Switchgear
• Other Auxiliary Systems
Mobile Transformers Covered:
• Distribution Transformer
• Power Transformer
Applications Covered:
• Industrial
• Utilities
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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