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.

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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.

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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

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