According to the new market research report "Mobile Substation Market
by Application (Industrial (Metals & Mining, Oil & Gas,
Construction, Port, and Data Centers), and Utilities), and Region (Midle
East & Africa, Americas, Europe, and Asia Pacific) - Global
Forecast to 2023 ", the mobile substation market is expected
to grow from an estimated USD 789.3 Million in 2018 to USD 1,136.9
Million by 2023, at a CAGR of 7.57% between 2018 and 2023. The mobile
substation is also known as portable substation or compact power house.
Factors driving the growth of this market include the ease of
transportation, time-saving, flexibility, and easy installation of the
mobile substation. Moreover, mobile substations can be installed in a
limited space and can be easily relocated without difficulties.
Transportability, short startup and commissioning time, reduced
mechanical footprint, and non-requirement of civil work are some key
benefits which are expected to drive the growth of mobile substation in
the global market during the forecast period.
Browse 32 market data Tables and 34 Figures spread through 97 Pages and in-depth TOC on "Mobile Substation Market"
Market for utilities application expected to grow at higher CAGR during the forecast period
Mobile substations can be useful for emergency
response as back-up units and are also useful in cases where the energy
distribution requires to be provided or reinstated in a short span of
time. Mobile substations are utilized in both, utilities and industrial
applications. Planned maintenance, disaster response, rapid expansion
of transmission capacity are some use cases where mobile substations
have delivered proven outcomes for utilities. Mobile substations are
used to provide temporary power supply during unplanned repairs.
Moreover, in the times of planned maintenance, mobile substations can
reduce or even eliminate the need for extended electricity outages.
Various companies, including Siemens, General
Electric, Eaton, and MEIDENSHA provide mobile substations to the utility
industry. For instance, in 2017 Siemens delivered 2 mobile substations
for National Grid SA, the transmission operator of Saudi Electricity Co.
Siemens is expected to design 2, 380kV mobile substations with
transformer rating of 502 MVA each. General Electric supplied several
mobile substations in the utility sector including for Saudi Electricity
Company from Saudi Arabia and E.ON SE electric project in Spain.
Mobile substation market in the Middle East & Africa to grow at the highest CAGR during forecast period
Middle East & Africa not only account for the
largest market share followed by the Americas but is also expected to
grow at the highest CAGR during the forecast period. Rapid
electrification in Africa along with demand from the metals & mining
industry in Africa is expected to drive the growth of the global mobile
substation market.
Politically unstable situations in Middle East
countries, such as Iraq, are reducing day by day and the government is
making efforts to provide basic amenities. As a part of this, in 2017
the Ministry of Electricity, Iraq ordered 12 mobile substations for its
utilities. This increase in power supply due to the installation of new
substations are expected to overcome power shortage issues in Iraq.
Moreover, in 2014 Ministry of Electricity, Iraq ordered 16 mobile
substations from CG Power (India). These substations are expected to be
deployed throughout Iraq for utilities and industries to provide interim
grid connections and temporary power supplies. Recently, in 2017 the
Aktif Group delivered 10 mobile substations to the Ministry of
Electricity Iraq. Countries such as Angola, Algeria, Mozambique, and
Libya, among others are also leading to the high demand for mobile
substations.
Key players in this market are Siemens (Germany), ABB
(Switzerland), Eaton (Ireland), General Electric (US), CG Power
(India), and MEIDENSHA (Japan). Other companies covered in this report
are WEG (Brazil), AZZ (US), TGOOD (Hong Kong), Powell Industries (US),
Elgin Power Solutions (US), Matelec Group (Lebanon), Aktif Group
(Turkey), PME Power Solutions (India), EKOS Group (Turkey), Efacec
(Portugal), and Delta Star (US).
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