Mobile Substation Market Analysis by Size, Share, Growth, Trends, Revenue, Competitive Landscape, and Developments Forecast by 2023


At a CAGR of 7.57% between 2018 and 2023, the Mobile Substation Market is anticipated to increase from an estimated USD 789.3 million in 2018 to an estimated USD 1,136.9 million by 2023. Other names for the mobile substation are portable substation and small powerhouse. A fully functional power substation erected on location is much more expensive and time-consuming than a mobile substation. A mobile substation, for example, is the ideal option to overcome areas where the resources (in terms of product, labour, and space) are scarce for a traditional on-site substation. Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and MEIDENSHA  (Japan) are major players in this market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1857695

One of the leading technology providers for the manufacturing, electricity utilities, and industrial sectors is Siemens (Germany). The organisation has a wide global reach in addition to a diverse product offering. Switchgears, transformers, bus bar transportation systems, and other equipment are just a few of the electrical solutions and products that the company is skilled at designing. Therefore, backward integration gives the business a competitive edge in the market for mobile substations. The South Korean business LSIS has awarded Siemens a contract to supply 10 power transformers for mobile substations in Iraq. This deal had a total cost of about $5 million. Additionally, Saudi Electricity Co.'s transmission operator, National Grid SA, and Siemens entered into a deal together. Siemens is expected to provide 2 high voltage mobile substations under this contract for the Saudi Arabian utilities application.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1857695  

For a variety of uses, General Electric (GE) provides transportable substations. A multinational conglomerate business is GE. It emphasises inorganic tactics like geographic diversifications. General Electric just received a 40 million dollar contract with Iraq in November 2017. General Electric is tasked with developing Iraq's electricity infrastructure as part of this contract. GE has provided mobile substations for a range of projects, including industrial and utility uses. For utility purposes, GE has provided mobile substations to a variety of end users in Spain, including Gas Natural Fenosa, E.ON, and Iberdrola.

The Mobile Substation Market is significantly influenced by companies like ABB (Switzerland), Powell Industries (US), WEG (Brazil), TGOOD (Hong Kong), NARI Group (China), Aktif Group (Turkey), Delta Star (US), Atlas Electric (US), Matelec Group (Lebanon), Unit Electrical Engineering (UEE) (Canada), and Efacec (Portugal), among others. The primary tactic used by numerous companies in the mobile substation market was contracts.

Browse For More Details - https://www.prnewswire.com/in/news-releases/mobile-substation-market-worth-11369-million-usd-by-2023-679284123.html

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more