The global mobile substation market is anticipated to grow at a CAGR of around 7.8% during the forecast period. The market players of the mobile substation industry are continuously innovating to develop product solutions that can serve the diversified needs of consumers.
For instance, Hitachi ABB Power Grids Ltd. had developed a 400 kV multi-voltage modular mobile substation in September 2021, which reduces the average time of power restoration from 18 months to just seven days during the major problematic occasion, like cataclysmic events. Such innovations are expected to further fuel the market growth of mobile substations during the forecast period.
Mobile substations are utilized in a range of sectors. As a result, the increasing industrialization seen throughout the globe, particularly in emerging nations such as India, China, Brazil, and Mexico, is expected to drive the global mobile substation market in terms of value growth. Features such as the simplicity of operation, transportation, and installation, among others, are driving the mobile substation market’s revenue growth. Owing to their small size, mobile substations do not require extensive civil work or construction. As a result of the cost-effectiveness associated with mobile substations, a greater demand for their installation is currently being observed across the energy and power industry. Thus, the cost-effectiveness, flexibility, time savings, and ease of installation of mobile substations are supporting to contribute to the market’s growth.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Voltage Type – High Voltage and Medium Voltage
- By Mobile Transformer – Power Transformer and Distribution Transformer
- By Power Rating – Up to 10MVA, 11 MVA-25 MVA, 25 MVA-100 MVA, and Above 100 MVA
- By Application – Energy & Utilities, Infrastructure, and Industrial
- Competitive Landscape- ABB Ltd., Siemens AG, General Electric Co., and Eaton Corp. plc, among others.
Mobile Substation Market Report
By Voltage Type
- High Voltage
- Medium Voltage
By Mobile Transformer
- Power Transformer
- Distribution Transformer
By Power Rating
- Up to 10MVA
- 11 MVA-25 MVA
- 25 MVA-100 MVA
- Above 100 MVA
By Applications
- Energy & Utilities
- Infrastructure
- Industrial
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle-East and Africa
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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