Executive Summary
The Mobile Substation Market Report presents a comprehensive analysis of the global mobile substation market, with a focus on market trends, drivers, and challenges. The market size for the global mobile substation market was estimated to be approximately USD 903.2 million in 2020 , and is expected to reach $USD 1.54 billion by 2028, growing at a CAGR of 5.8% during the forecast period. The key factors driving the growth of the market are the increasing demand for power transmission and distribution infrastructure and the need for quick power restoration during emergencies. The report recommends that mobile substations be used as a backup system for the power industry in remote and urban areas. The global mobile substation market is segmented by type, application, and region. There are several regulatory and legal factors that are specific to market conditions. The increasing focus on renewable energy development, coupled with the need for grid flexibility, is driving the demand for mobile substations. The governments across the world are providing subsidies and incentives for renewable energy development. Additionally, stringent regulations for greenhouse gas (GHG) emissions have resulted in the adoption of low carbon emitting technologies, such as mobile substations. Moreover, the increasing number of renewable energy projects, especially in emerging economies, is further driving the demand for mobile substations. However, high initial installation costs and the lack of skilled workforce may act as a challenge for the market. Overall, the mobile substation market is expected to grow significantly in the coming years due to the increasing demand for flexible and efficient grid infrastructure.
Mobile Substation Introduction and Its Market Analysis
Mobile Substation is essentially a compact power substation which is modular and portable in nature. It is designed to facilitate rapid connection and disconnection, allowing it to be easily transported to remote or emergency locations. The mobile substations are employed in various applications ranging from power grid transmission and distribution to infrastructure projects such as construction sites, mining, and transportation. The global Mobile Substation market is expected to grow significantly in the coming years as the demand for power grids increases coupled with the necessity to modernize the electric infrastructure. Strong demand from developing countries and rising construction activities in urban areas are also likely to drive the market. Furthermore, increasing investments in renewable energy sources and smart grids is set to bode well for the Mobile Substation market. However, high installation and maintenance costs may limit the growth prospects of the market. The key players that are dominating the Mobile Substation market include ABB, Delta Star, Siemens, Matelec, Jacobsen Elektro, WEG, Efacec, CG, EKOS Group, GE, AZZ, Meidensha Corporation, EATON, Tgood, Tadeo Czerweny ., VRT, Aktif Group, Powell Industries, Ampcontrol Pty Ltd., and Elgin Power Solutions. These players offer a wide range of solutions that cater to different regions, end-use industries, and applications, thereby increasing their customer base and market share. ABB and Siemens dominate the market with a significant presence in different regions across the world.
Competitive Landscape and Mobile Substation Market Players Covered:
The global mobile substation market is expected to grow significantly in the upcoming years, owing to the increasing demand for power supply in remote areas and the need for flexible and reliable power supply. Some of the companies operating in this market are ABB, Delta Star, Siemens, Matelec, Jacobsen Elektro, WEG, Efacec, CG, EKOS Group, GE, AZZ, Meidensha Corporation, EATON, Tgood, Tadeo Czerweny ., VRT, Aktif Group, Powell Industries, Ampcontrol Pty Ltd., and Elgin Power Solutions. ABB is a leading player in the mobile substation market with a comprehensive range of products and services, including transformers, switchgear, control and automation systems, and software. Delta Star specializes in designing and manufacturing mobile substations, providing customized solutions based on customer requirements. Siemens offers mobile substations for a variety of applications, including emergency backup, temporary power supply, and grid stabilization. Matelec is a provider of mobile power solutions, offering mobile substations with transformers, switchgear, and control systems. Jacobsen Elektro offers a range of mobile substation products, including containerized solutions and trailer-mounted solutions. WEG provides mobile substation solutions for a variety of applications, including power generation and transmission. Efacec specializes in designing and manufacturing medium voltage mobile substations for various applications.
GE offers a range of mobile substation products, including trailer-mounted and containerized solutions. AZZ provides mobile substation solutions for industrial, commercial, and utility customers. Meidensha Corporation offers a range of mobile substation solutions for various applications, including grid modernization and temporary power supply. EATON provides mobile substation products and solutions for power generation and transmission.
In terms of sales revenue, the following companies have reported significant revenue in the mobile substation market:
- ABB: In 2020, ABB reported a total revenue of USD 28.6 billion across all its business segments, which includes mobile substations.
- Siemens: In 2020, Siemens reported a total revenue of EUR 57.1 billion across all its business segments, which includes mobile substations.
- GE: In 2020, GE reported a total revenue of USD 79.6 billion across all its business segments, which includes mobile substations.
- WEG: In 2020, WEG reported a total revenue of BRL 23.6 billion (approximately USD 4.6 billion) across all its business segments, which includes mobile substations.
- Efacec: In 2019, Efacec reported a total revenue of EUR 517 million (approximately USD 600 million) across all its business segments, which includes mobile substations.
- AZZ: In 2020, AZZ reported a total revenue of USD 837 million across all its business segments, which includes mobile substations.
Mobile Substation Market Analysis, by Type:
- HV Mobile Substation
- LV/MV Mobile Substation
HV Mobile Substations are designed to operate at high voltage levels (typically above 100 kV), and they are used in emergency situations, during maintenance or upgrade of permanent substation equipment, and to supply temporary power to remote locations. LV/MV Mobile Substations are designed to operate at low and medium voltage levels (typically below 50 kV), and they are used for temporary power supply during maintenance and upgrade of power distribution systems, and to supply power to remote areas. The Development of self-driving Mobile Substation technology aims to improve safety and efficiency by reducing the need for human intervention, enabling remote operation, and optimizing control and coordination between substation equipment.
Mobile Substation Market Analysis, by Application:
- Energy
- Infrastructure
- Industrial
- Others
Mobile substations are used in various applications, including energy, infrastructure, industrial, and other sectors. In the energy sector, they are used to provide a temporary power supply during maintenance or repairs, as well as to support power distribution during peak demand periods. In infrastructure, they are used to provide power during construction or as a backup power supply during emergencies. In the industrial sector, they are used to provide power to remote locations or as a temporary power supply during shutdowns or upgrades. The fastest growing application segment in terms of revenue is the industrial sector, as the need for reliable and mobile power increases. Mobile substations are used in these applications by providing a compact and easily transportable power supply that can be quickly deployed in situations where a traditional substation is not available or practical. They are equipped with transformers, switchgear, and other necessary components to provide a safe and reliable power supply. Overall, mobile substations are critical in ensuring uninterrupted power supply in various industries and sectors.
Mobile Substation Industry Growth Analysis, by Geography:
- North America:
- United States
- Canada
- Europe:
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
- Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
- Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The global mobile substation market is expected to grow at a high rate in regions of North America, Asia Pacific (APAC), Europe, the United States of America (USA), and China. The market growth is attributed to the increasing demand for electricity, reliable power supply, and the rapid implementation of renewable energy projects. The APAC region dominates the market due to the high demand for power in countries like China and India. The APAC region accounts for the highest market share of about 40%, followed by Europe and North America. The market share of the mobile substation market is expected to increase exponentially in the forecast period due to advancements in technology and increasing applications in the oil and gas sector.