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Global Mobile Substation Market (2020 to 2025) - Featuring ABB, Siemens and Eaton Among Others - ResearchAndMarkets.com

December 23, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Dec 23, 2020--

The “Mobile Substation Market - Forecasts from 2020 to 2025” report has been added to ResearchAndMarkets.com’s offering.

The mobile substation market is estimated to expand at a CAGR of 6.12% during the forecast period, to reach a market size of US$1,278.295 million in 2025 from US$895.224 million in 2019.

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Mobile Substation is an autonomous system that has the ability to address a range of contingencies that a utility might face. It ensures a temporary supply of energy during the time when the main station requires undergoing maintenance or refurbishment. Similarly, it offers temporary electricity solutions in areas that are affected by natural disasters or events. The focus on providing and ensuring a continuous supply of power is significantly driving the mobile substation market growth. Simultaneously, the growing number of clean energy projects require smooth integration of renewable energy in the electric grid, and the ability of the mobile substation to ensure the effective transition is further augmenting the demand for these substations.

Geographically, North American and European region is expected to hold major share on account of early adoption of technology coupled with the presence of major companies in the region while the Asia Pacific region is anticipated to witness exponential growth in the near future. Furthermore, Middle East & Africa region is expected to be one of the fastest-growing regions owing to the availability of rich natural resources, such as oil & gas and metals & mining, and the untapped market of the energy resources in some parts of the African region.

Having the ability to recover as quickly as possible following major weather events and natural calamities provides economic and public health and safety benefits for local businesses and communities. Moreover, rising electricity demand coupled with the continuous and expanded growth of the share of renewables in centralized and decentralized grids requires an effective new approach to transition management, making full use of mobile substation, thus, boosting the demand of the mobile substation during the given forecast period. In addition, with the higher occurrence of extreme weather conditions and catastrophic events, there is an increasing demand for mobile substation as they are useful for emergency response as back-up units for a short period of time.

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Companies Mentioned

  • General Electric Company
  • ABB
  • Siemens AG
  • Eaton
  • Elgin Power Solutions
  • Delta Star Incorporated
  • CG Power and Industrial Solutions Limited
  • WEG
  • Aktif Group
  • TGood Global Ltd.

Key Topics Covered:

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’S Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

5. Mobile Substation Market by Component

5.1. Introduction

5.2. Transformer

5.3. Switchgear

5.4. Surge Arresters

5.5. Protection and Control Equipment

5.6. Other Auxiliary Systems

6. Mobile Substation Market by Type

6.1. Introduction

6.2. Skid

6.3. Containerized

6.4. Trailer/Semi Trailer

7. Mobile Substation Market by Geography

7.1. Introduction

7.2. Oil & Gas

7.3. Metallurgy

7.4. Energy & Power

7.5. Telecommunication

7.6. Railways

8. Mobile Substation Market by Geography

8.1. Introduction

8.2. North America

8.4. Europe

8.5. Middle East and Africa

8.6. Asia-Pacific

9. Competitive Environment and Analysis

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/k3fxe9

View source version on businesswire.com:https://www.businesswire.com/news/home/20201223005230/en/

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INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 12/23/2020 08:36 AM/DISC: 12/23/2020 08:36 AM

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