DUBLIN--(BUSINESS WIRE)--The "Mobile Substation Market by Application (Industrial (Metals & Mining, Oil & Gas, Construction, Port, and Data Centers), and Utilities), and Region (Middle East & Africa, Americas, Europe, and Asia Pacific) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The mobile substation market is expected to grow from USD 789.3 million in 2018 to USD 1,136.9 million by 2023, at a CAGR of 7.57% between 2018 and 2023.
Factors driving the growth of this market include the cost effectiveness, time-saving, flexibility, and easy installation of mobile substations. Moreover, 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. However, the maintenance of mobile substation is very crucial, as any small failure may cause serious disturbances as immediate availability of technical expertise is majorly difficult.
Oil & Gas and metals & mining, among others are industrial applications of mobile substations. Industrial metals, such as copper and steel are expected to be a part of the economic growth in China and Brazil. South America has also shown significant increase in demand for basic mined commodities. Trolley assist is one of the applications in the metals & mining industry wherein a mobile substation is used to supply power. The mobile substation market is expected to find lucrative opportunities in metals & mining industry.
Metals & mining from this region is one of the prominent markets 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 expected to propel the mobile substation market. Mobile substations can be easily relocated once work is completed.
General Electric (US), Delta Star (US), ELGIN Power Solutions (US), Atlas Electric (US), and Powell Industries (US) are some of the mobile substation manufacturers from North America region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Mobile Substation Market, By Component
7 Mobile Substation Market, By Application
8 Geographic Analysis
9 Competitive Landscape
- Aktif Group
- Ampcontrol Pty Ltd
- CG Power
- Delta Star
- Efacec Power Solutions
- Ekos Group
- Elgin Power Solutions
- General Electric
- Jacobsen Elektro
- Matelec Group
- Nari Group
- PME Power Solutions (India) Limited
- Powell Industries
- Tadeo Czerweny
- Unit Electrical Engineering (UEE)
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