The global mobile substation market is anticipated to grow at a CAGR of around 7.8% during the forecast period. The mobile substation is the backup unit of energy requirements during emergencies. Additionally, it is used for temporary power transmission and distribution. This mobile substation is majorly used during disasters and wars for continuous power supply, and to reduce electricity outages when conventional substations are faulted. The wide application of mobile substations in industrial, utilities, and residential sectors is the major factor driving the growth of the mobile substation market. In the emerging economies, remote areas are not connected to the power supply grid that generates opportunities for the mobile substations to fulfil the requirements of those locations.

The maintenance of mobile substations is a major challenging factor for the market growth as sudden failure of substations may halt the operations at the location of deployment. Additionally, lack of product awareness about mobile substations is another restraining factor that may hinder the market growth during the forecast period.

Impact of COVID-19 Pandemic on Global Mobile Substation Market

The COVID-19 pandemic had disrupted the normal operations of automotive, chemicals, oil & gas, energy & power, mining, and manufacturing. The pandemic had also impacted the supply of raw materials, including components, equipment, and systems that are necessary for the manufacturing of mobile substations. Thus, the reduction in the production and demand of mobile substations had greatly reduced the revenue of the mobile substation market players.

Segmental Outlook 

The global mobile substation market is segmented based on application into utilities and industrial, oil & gas, metals & mining, and others. Based on application, the utility segment holds a prominent share in the mobile substation market as the mobile substation serves as a bridge between the utility demands of energy, especially in the emerging economic nations. The expansion of sustainable power generation sources including solar, wind, and hydro are giving momentum to the growth of this segment.

Regional Outlooks

The global mobile substation market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Rest of Europe), Asia-Pacific (India, China, Japan, and the Rest of Asia-Pacific), and the Rest of the World.  

Global Mobile Substation Market Growth by Region, 2021-2027

North America Holds a Prominent Share in the Global Mobile Substation Market

North America is projected to hold a prominent share in the global mobile substation market. The rising demand for continuous, reliable, and advanced solutions for transmission and distribution of power supply is the major factor driving the regional growth of the market. Moreover, the development of data centers, ports, and construction sites is propelling the growth of the market. 

The rising mining activities in the Asia-Pacific is the major reason for the increasing demand for mobile substations in the region, as mining activities need a continuous supply of electricity. The Middle East and African governments are actively promoting infrastructural development and electrification activities which will drive the mobile substation market in the region. For instance, the UAE government had established the Emirates Tourism Council in January 2021 for the strengthening of the tourism industry of the country.

Market Players Outlook

Some of the companies operating in the global mobile substation market include ABB Ltd., AZZ Inc., CG Power, and Industrial Solution Ltd., General Electric Co., Siemens AG, Delta Star AG, Atlas Electric Inc., Unit Electrical Engineering Ltd., and others. The market players are considerably contributing to the market growth by adopting various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, ABB had received a contract from Iraq in June 2018, for the supply of 5 fixed and 15 mobile 132 kV substations. These substations had been used there for the strengthening of the power grid of central Iraq.

The Report Covers

    • Market value data analysis of 2020 and forecast to 2027.

    • Annualized market revenues ($ million) for each market segment.

    • Country-wise analysis of major geographical regions.

    • Key companies operating in the global mobile substation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

    • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

    • Analysis of market-entry and market expansion strategies.

    • Competitive strategies by identifying ‘who-stands-where’ in the market.