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Mobile Substation Market by Application And Region - Global Forecast to 2023

Mobile Substation Market: Global Forecast until 2023

  • April 2018
  • 98 pages
  • ID: 5377126
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Mobile substation market to exhibit steady increase between 2018 and 2023

The mobile substation market is forecasted to grow from $789.30M in 2018 to $1136.90M by 2023, at a compound annual growth rate (CAGR) of ~7.6 percent between 2018 and 2023. Factors driving the increase of this market contain the cost effectiveness, time-saving, flexibility, and easy installation of mobile substations. As well, a mobile substation is a trailer mounted power solution and thus can be installed in limited space and also can be easily relocated without difficulty. Nevertheless, the maintenance of mobile substation is very crucial, as any small failure may cause serious disturbances as immediate availability of technical expertise is mainly difficult.

Metals & mining sector is anticipated to have a high demanding for mobile substations

Oil & Gas and metals & mining, among others are industrial applications of mobile substations.Industrial metals, including copper and steel are anticipated to be a part of the economic increase in China (CN) and Brazil (BR).

South America region has also shown significant growth in demand for basic mined commodities.Trolley assist is one of the applications in the metals & mining market wherein a mobile substation is used to supply power.

The mobile substation market is anticipated to find lucrative opportunities in metals & mining sector.

Americas anticipated to account for a significant share of the mobile substation market during the outlook period

Metals & mining from this area is one of the prominent industries for mobile substations. In 2015, Americas constituted 3.7 billion metric tons in the total mineral production. Need for reliable and robust power sources on metals & mining sites are anticipated to propel the mobile substation market. Mobile substations can be easily relocated once work is completed. Also, construction, data centers, and ports also require mobile substations. The growing consumption of electricity and the need for reliable power supply fuel the increase of mobile substation market in the US. North America is one of the prominent sectors for mobile substations together with the utility market and industrial application. General Electric, Delta Star, ELGIN Power Solutions, Atlas Electric, and Powell Markets are some of the mobile substation manufacturers from North America area.

The breakup of the profiles of primary members taking part for the market research has been provided below:

• By Company Size: Tier 1 = 23.0 percent, Tier 2 = 30.0 percent, and Tier 3 = 47.0 percent

• By Description: C-suite executives = 45.0 percent, Directors = 36.0 percent, and Others = 19.0 percent

• By Area: North America continent = 20.0 percent, EU = 25.0 percent, Asia-Pacific = 15.0 percent, and RoW = 40.0 percent

The mobile substation market is led by different actors according to their core competencies. Top competitors in this sector are Siemens, ABB, Eaton, General Electric (NYSE:GE), CG Power, and MEIDENSHA.

Furthermore, other actors, including WEG, Nari Group, TGOOD, Powell Sectors, AZZ Inc., Elgin Power Solutions, Efacec, and Matelec Group play a significant role in the mobile substation market.

Segment Research

The industry report on the overall mobile substation market contains distinct segments-application and territory.On the basis of application type, the mobile substation market has been categorized into utilities and industrial applications.

The study includes 4 main geographic regions-Americas, Europe (EU), Asia-Pac, and Middle East (ME) & African continent.

Main highlights

Figures of segmentation, review, and estimate for the sector established on application and area have been conducted to provide an global view of the mobile substation market.

The value chain study has been included in the analysis to offer a detailed insight into the mobile substation market.

Main drivers, market restraints, alternatives, and challenges of the mobile substation market have been precised in this industry report.

An exhaustive competitive analysis, together with key competitors and their revenues and increase strategies, has been included in the market research.

Top players in the mobile substation market have been profiled, containing their new developments, launches of new product, and SWOT study. Also, MnM view on these actors has been included.

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