The global mobile substation market is anticipated to grow at a CAGR of around 7.8% during the forecast period. The mobile substation is the backup unit of energy requirements during emergencies. Additionally, it is used for temporary power transmission and distribution. This mobile substation is majorly used during disasters and wars for continuous power supply, and to reduce electricity outages when conventional substations are faulted. The wide application of mobile substations in industrial, utilities, and residential sectors is the major factor driving the growth of the mobile substation market. In the emerging economies, remote areas are not connected to the power supply grid that generates opportunities for the mobile substations to fulfil the requirements of those locations.
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The maintenance of mobile substations is a major challenging factor for the market growth as sudden failure of substations may halt the operations at the location of deployment. Additionally, lack of product awareness about mobile substations is another restraining factor that may hinder the market growth during the forecast period.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Mobile Substation Market by Application
- Utilities
- Industrial (Oil & Gas, Metals & Mining, and Others)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Ltd.
- Aktif Group
- Atlas Electric Inc.
- AZZ Inc.
- CG Power and Industrial Solution Ltd.
- Delta Star Inc.
- EATON Corp.
- EKOSinerji
- Elgin Power Solutions
- ELSEWEDY ELECTRIC S.A.E.
- Enerset Power Solutions
- General Electric Co.
- Hitachi ABB Power Grids Ltd.
- Jacobsen Elektro AS
- Qingdao TGOOD Electric
- Matelec Group
- Meidensha Corp.
- Nari Group Corp.
- Siemens AG
- Tadeo Czerweny S.A.
- Toyota Tsusho Corp.
- Unit Electrical Engineering Ltd.
- WEG
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mobile substation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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