Global Mobile Substation Market Report and Forecast 2023-2028

Global Mobile Substation Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global mobile substation market is projected to grow at a CAGR of 4.61% between 2023 and 2028. Aided by the rising need for rapid disaster response solutions and the growing applications of mobile substations across numerous sectors, the market is expected to reach a value of USD 1,372.04 million by 2028.

A mobile substation is a compact, fully equipped electrical substation built on a trailer or a semi-trailer. It offers a flexible and efficient solution to temporary electricity needs, such as emergency power supply or rapid load transfer. Mobile substations play a critical role in swift disaster response, continuous power supply during substation maintenance, and providing temporary power to remote or undeveloped areas.

The increasing demand for rapid, efficient disaster response solutions is a key driver of the global mobile substation market growth. The escalating frequency and intensity of natural disasters worldwide, such as hurricanes, earthquakes, and floods, are leading to an upsurge in the demand for mobile substations. These substations are used for the immediate restoration of power in disaster-stricken areas, enabling quick recovery and minimising economic losses.

The broadening applications of mobile substations in numerous sectors significantly contribute to the mobile substation market expansion. For instance, they are extensively used in the mining industry for providing temporary power to remote mining sites. In the construction sector, mobile substations ensure a continuous power supply during the construction phase of permanent substations. Additionally, these mobile units are utilised in oil and gas industries for drilling and exploration activities in remote locations.

The rising focus on renewable energy sources further bolsters the mobile substation market demand. With the global shift towards sustainable energy, mobile substations are becoming increasingly important for integrating renewable energy sources, like wind and solar, into the power grid. They provide an adaptable and quick solution for the connection and disconnection of renewable power sources, thereby supporting the growth of green energy.

The advent of smart grid technology is another factor propelling the mobile substation market development. Smart grids require flexible, efficient, and quick-reacting power supply solutions, and mobile substations meet these needs effectively. The integration of smart technologies into mobile substations enhances their operational efficiency, reliability, and safety, making them an integral part of the smart grid infrastructure.

Market Segmentation

The market can be divided based on voltage, power rating, mobile transformer, application, and region.

Market Breakup by Voltage

• High Voltage
• Medium Voltage

Market Breakup by Power Rating

• Up to 10 MVA
• 11 MVA-25 MVA
• 25 MVA-100 MVA
• Above 100 MVA

Market Breakup by Mobile Transformer

• Power Transformer
• Distribution Transformer

Market Breakup by Application

• Industrial
• Infrastructure
• Utilities
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global mobile substation companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Siemens Energy
• ABB Ltd.
• Eaton Corporation
• General Electric Company
• Delta Star Inc.
• WEG Equipamentos Elétricos S.A.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.