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 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.
Factors driving the growth of this market include the ease of transportation, flexibility, cost-effectiveness, and easy installation of mobile substations.
Maintenance is one of the key restraining factors for the mobile substation market as failure may critically affect the operation of various applications. Also, the transportation norms setup by different regional authorities may be a challenge for players. For the US, the Department of Transportation (DOT) has made certain rules and regulations for the transportation of heavy electrical equipment.
Transportability, short startup and commissioning time, reduced mechanical footprint, and non-requirement of construction work are some of the key benefits expected to drive the growth of mobile substations during the forecast period.
The mobile substation is proven to be an apt solution to provide temporary power supply during unplanned repairs. Moreover, during planned maintenance, mobile substations can reduce or even eliminate the need for extended electricity outages. Thus the utilities application is expected to grow during the forecast period.
- Time Saving, Easy-to-Install, and Flexible Solution
- Maintenance of Mobile Substations
- Lucrative Market for Mobile Substations in the Middle East & Africa
- Transportation Norms
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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