Mobile Substation Market by Application (Industrial (Metals & Mining, Oil & Gas, Construction, Port, and Data Centers), and Utilities), and Region (Midle East & Africa, Americas, Europe, and Asia Pacific) - Global Forecast to 2023
The Mobile Substation Market was valued at USD 742.4 Million in 2017 and is expected to reach USD 1,136.9 Million by 2023, at a CAGR of 7.57% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023.
The objective of the report is to provide a detailed analysis of the market based on application and region. The study also covers qualitative information of various components used in a mobile substation. The report provides detailed information regarding the major factors influencing the growth of the market. The report also gives a detailed overview of the value chain in the ecosystem of the mobile substation and analyzes the market trends based on the competitive leadership analysis.
The research methodology used to estimate and forecast the mobile substation market begins with capturing data pertaining to the revenues of companies and collecting various data through secondary sources, such as the Indian Electrical and Electronics Manufacturers Association (IEEMA), The Transformer Association, European Power Supplies Manufacturers’ Association (EPSMA), and newsletters, whitepapers of leading players. The bottom-up procedure has been employed to arrive at the overall size of the global market from the revenues of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with key experts, such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primaries is depicted in the below figure:
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The mobile substation value chain comprises the following phases: Tendering or proposal; design & assembly; transportation & commissioning; and End User. After receiving a proposal for a mobile substation, the company either designs and assembles a mobile substation or outsource it from another player. Key players in this market are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and MEIDENSHA (Japan).
Other companies covered in this report are Nari Group (China), WEG (Brazil), TGOOD (Hong Kong), Powell Industries (US), AZZ Inc. (US), Elgin Power Solutions (US), Matelec Group (Lebanon), Aktif Group (Turkey), PME Power Solutions (India), EKOS Group (Turkey), Unit Electrical Engineering (UEE) (Canada), Ampcontrol Pty Ltd. (Australia), Efacec (Portugal), Tadeo Czerweny (Argentina), Jacobsen Elektro (Norway), and Delta Star (US).
Target Audience for the Report:
- Component Suppliers
- Investors and Venture Capital Firms
- Integrated Device Manufacturers (IDMs)
- System Integrators
- Electric Hardware Equipment Manufacturers
- Assembly and Packaging Vendors
- Companies in the Electric Utilities Sector
- Analysts and Strategic Business Planners
- End-use Industries
- Governments, Financial Institutions, and Investment Communities
- Research Organizations
- Forums, Alliances, and Associations
This study answers several questions for stakeholders, primarily which market segments they need to focus upon in the next 2–5 years to prioritize their efforts and investments.
Scope of the Report:
This report categorizes the global mobile substation market on the basis of application and geography.
Mobile Substation Market, by Application
- Utilities
-
Industrial
- Oil & Gas
- Metals & Mining
- Others (Construction, Port, and Data Centers)
Mobile Substation Market, by Region
- Americas
- Europe
- APAC
- Middle East & Africa
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information:
Detailed analysis and profiles of additional market players (up to 5)
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. Moreover, mobile substation is a trailer mounted power solution and can be installed in a limited space and can be easily relocated without difficulty. The mobile substation is a comprehensive solution that is designed, engineered, assembled on trailer, tested, in a factory and delivered on site for power distribution.
Mobile substations are useful for emergency response as back-up units and can also be useful in cases where energy distribution requires to be provided or reinstated in a short span of time. Mobile substation market is fragmented, with the presence of many small and mid-size companies which supply products for utilities applications and primarily serve local markets. 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.
Mobile substations are utilized both, in utilities and industrial applications. Planned maintenance, disaster response, rapid expansion of transmission capacity are some uses wherein the mobile substation has delivered proven outcome for utilities. 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.
Middle East & Africa not only account for the largest market share followed by the Americas, but is also expected to grow at the highest CAGR during the forecast period. Middle East & Africa regions are rich in natural resources, such as oil & gas and metals & mining. Africa is an untapped market for the energy resources. However, countries from these regions, such as Iraq, Algeria, Nigeria have faced many political and social instabilities which have destroyed infrastructure. As a result, these countries have a high demand for energy & power. Due to improvements in situations, governments from these regions are trying to reinstall basic amenities. The Ministry of Electricity of Iraq has ordered mobile substations from various manufacturers, such as Siemens (Germany), Meidensha (Japan), CG Power (India), and Aktif (Turkey).
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.
Key players in this market, such as Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and MEIDENSHA (Japan) are focusing on inorganic strategies, such as contracts to enhance their product offerings and expand their businesses.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Study Objectives
1.2 Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Resources
2.1.2.2 Primary Interviews With Experts
2.1.2.3 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach Used to Capture the Market Share Using the Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach Used to Capture the Market Share Using the Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Mobile Substation Market
4.2 Market, By Application
4.3 Market in the Americas, By Application
4.4 Market, By Region and Application
4.5 Middle East & Africa Market, By Application
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Time Saving, Easy-To-Install, and Flexible Solution
5.2.2 Restraints
5.2.2.1 Maintenance of Mobile Substations
5.2.3 Opportunities
5.2.3.1 Lucrative Market for Mobile Substations in the Middle East & Africa
5.2.4 Challenges
5.2.4.1 Transportation Norms
5.3 Value Chain Analysis
6 Mobile Substation Market, By Component (Page No. - 38)
6.1 Introduction
6.2 Switchgear
6.3 Transformer
6.4 Surge Arresters
6.5 Trailer
6.6 Other Auxiliary Systems
7 Mobile Substation Market, By Application (Page No. - 41)
7.1 Introduction
7.2 Utilities
7.3 Industrial
7.3.1 Oil & Gas
7.3.2 Metals & Mining
7.3.3 Others
8 Geographic Analysis (Page No. - 50)
8.1 Introduction
8.2 Americas
8.2.1 North America
8.2.1.1 Us
8.2.1.2 Rest of North America
8.2.2 South America
8.3 Europe
8.3.1 Spain
8.3.2 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Rest of APAC
8.5 Middle East & Africa
8.5.1 Middle East
8.5.1.1 Iraq
8.5.2 Africa
8.5.2.1 Nigeria
9 Competitive Landscape (Page No. - 63)
9.1 Overview
9.2 Ranking of Players, 2017
9.3 Competitive Scenario
9.3.1 Contracts
10 Company Profiles (Page No. - 65)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
10.1 Key Players
10.1.1 ABB
10.1.2 Siemens
10.1.3 Eaton
10.1.4 General Electric
10.1.5 CG Power
10.1.6 WEG
10.1.7 Tgood
10.1.8 Powell Industries
10.1.9 Elgin Power Solutions
10.1.10 Meidensha
10.2 Other Key Companies
10.2.1 Matelec Group
10.2.2 Aktif Group
10.2.3 PME Power Solutions (India) Limited
10.2.4 Efacec Power Solutions
10.2.5 Delta Star
10.2.6 AZZ
10.2.7 Ekos Group
10.2.8 Tadeo Czerweny
10.2.9 Jacobsen Elektro
10.2.10 Ampcontrol Pty Ltd
10.2.11 Nari Group
10.2.12 Unit Electrical Engineering (UEE)
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 89)
11.1 Insights of Industry Experts
11.2 Discussion Guide for the Mobile Substation Market
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details
List of Tables (32 Figures)
Table 1 Mobile Substation Market Size, By Value and Volume, 2015–2023
Table 2 Key Mobile Substation Projects
Table 3 Market, By Application, 2015–2023 (USD Million)
Table 4 Market in Utilities Application, By Region, 2015–2023 (USD Million)
Table 5 Market in Oil & Gas Application, By Region, 2015–2023 (USD Million)
Table 6 Market in Metals & Mining Application, By Region, 2015–2023 (USD Million)
Table 7 Market in Other Applications, By Region, 2015–2023 (USD Million)
Table 8 Market, By Industrial Application, 2015–2023 (USD Million)
Table 9 Market in Industrial Application, By Region, 2015–2023 (USD Million)
Table 10 Market in Middle East & Africa, By Application, 2015–2023 (USD Million)
Table 11 Market in Middle East, By Application, 2015–2023 (USD Million)
Table 12 Market in Africa, By Application, 2015–2023 (USD Million)
Table 13 Market in Europe, By Application, 2015–2023 (USD Million)
Table 14 Market in Americas, By Application, 2015–2023 (USD Million)
Table 15 Market in North America, By Application, 2015–2023 (USD Million)
Table 16 Market in South America, By Application, 2015–2023 (USD Million)
Table 17 Market in APAC, By Application, 2015–2023 (USD Million)
Table 18 Market, By Region, 2015–2023 (USD Million)
Table 19 Market in the Americas, By Industrial Application, 2015–2023 (USD Million)
Table 20 Market in the Americas, By Region, 2015–2023 (USD Million)
Table 21 Market in North America, By Country, 2015–2023 (USD Million)
Table 22 Market in Europe, By Industrial Application, 2015–2023 (USD Million)
Table 23 Market in Europe, By Country, 2015–2023 (USD Million)
Table 24 Market in APAC, By Industrial Application, 2015–2023 (USD Million)
Table 25 Market in APAC, By Country, 2015–2023 (USD Million)
Table 26 Market in Middle East & Africa, By Industrial Application, 2015–2023 (USD Million)
Table 27 Market in Middle East & Africa, By Region, 2015–2023 (USD Million)
Table 28 Market in Middle East, By Industrial Application, 2015–2023 (USD Million)
Table 29 Market in Middle East, By Country, 2015–2023 (USD Million)
Table 30 Market in Africa, By Industrial Application, 2015–2023 (USD Million)
Table 31 Market in Africa, By Country, 2015–2023 (USD Million)
Table 32 Top 3 Players in the Mobile Substation Market
List of Figures (34 Figures)
Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Mobile Substation Market Segmentation
Figure 8 Utilities Application Expected to Lead Global Market During Forecast Period
Figure 9 Metals & Mining Industrial Application Segment Estimated to Account for Largest Share in Industrial Application of Market
Figure 10 Middle East & Africa Projected to Grow at Highest CAGR in Global Market During Forecast Period
Figure 11 Growth Opportunities in the Market Between 2018 and 2023
Figure 12 Utilities Application Projected to Lead Market During 2018–2023
Figure 13 Utilities Application Estimated to Account for A Higher Market Share in 2018
Figure 14 Middle East and Africa Estimated to Account for Highest Share in 2018
Figure 15 Africa and Utilities Application Estimated to Account for the Largest Shares of the Middle East & Africa Market in 2018
Figure 16 Droc: Mobile Substation Market
Figure 17 Mobile Substations: A Time-Saving Solution
Figure 18 Primary Energy Consumption in Africa (2012–2016)
Figure 19 Mobile Substation Value Chain
Figure 20 Market, By Component
Figure 21 Utilities Application Expected to Grow at Higher CAGR Between 2018 and 2023
Figure 22 Market, Geographic Snapshot (2018–2023)
Figure 23 North America Estimated to Account for Higher Share of Market in 2018
Figure 24 Spain Accounted for Highest Market Share of the European Market in 2017
Figure 25 APAC Mobile Substation Market Snapshot
Figure 26 Middle East & Africa Market Snapshot
Figure 27 ABB: Company Snapshot
Figure 28 Siemens: Company Snapshot
Figure 29 Eaton: Company Snapshot
Figure 30 General Electric: Company Snapshot
Figure 31 CG Power: Company Snapshot
Figure 32 WEG: Company Snapshot
Figure 33 Powell Industries: Company Snapshot
Figure 34 Meidensha: Company Snapshot
Growth opportunities and latent adjacency in Mobile Substation Market