Leading Players insights on the Mobile Substation Market: Siemens (Germany) and General Electric (GE)

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. The mobile substation is a considerably cost-effective and time-saving solution than the full-fledged power substation built on-site. For instance, in areas where the resource availability (in term of product, manpower, and space) is limited for a typical on-site substation, a mobile substation is the best solution to offset these hindrances. Key players in this market are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and MEIDENSHA (Japan).

Siemens (Germany) is one of the pioneering technology providers for the industrial, manufacturing, and power utilities sectors. The company possesses diversified product portfolio along with an extensive geographic footprint. The company has expertise in developing various electrical products and solutions which include switchgears, transformers, bus bar trucking systems, and other equipment. Thus, backward integration helps the company to gain competitive advantages in the mobile substation market. Recently in 2016, Siemens received a contract from the South Korean company, LSIS to provide 10 power transformers for mobile substations in Iraq. The total value of this contract was around USD 5 million.  Moreover, Siemens signed a contract with National Grid SA, which is a transmission operator of Saudi Electricity Co. Under this contract, Siemens is expected to deliver 2 high voltage mobile substations for the utilities application in Saudi Arabia.

General Electric (GE) offers mobile substations for various applications. GE is a multinational conglomerate company. It focuses on inorganic strategies, such as geographical expansions. Recently, in November 2017, General Electric signed a contract of worth USD 40 million with Iraq.  Under this contract, General Electric is expected to develop Iraq’s power infrastructure. GE has supplied mobile substations for various projects which include utilities and industrial applications. GE has supplied mobile substations to various end users in Spain for utilities applications, such as Gas Natural Fenosa, E.ON, and Iberdrola. 

ABB (Switzerland), Powell Industries (US), WEG (Brazil), TGOOD (Hong Kong), NARI Group (China), Aktif Group (Turkey), Delta Star (US), Atlas Electric (US), Matelec Group (Lebanon), Unit Electrical Engineering (UEE) (Canada), and Efacec (Portugal), among the others contribute significantly to the mobile substation market. Contracts was the key strategy adopted by various players in the mobile substation market. 

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441