Mobile Substation Market: Overview

A mobile substation is a trailer-mounted substation, which consists of a power transformer, a switchgear, disconnected switches, metering transformers, surge arresters, protection and control equipment, AC and DC auxiliary power, and control systems. Being trailer-mounted, a mobile substation can be installed in a limited space. Also, it can be easily relocated.

Mobile Substation Market: Key Trends

The primary purpose of using advanced mobile substations is to guarantee quick restoration of power supply after any major fault. Substations play a vital role in the transmission and distribution of electric power across the grid. Interruption can be caused by a number of events outside of the control of utilities, grid operators, and industries. These include equipment breakdown and natural events such as lightning strike, flood, and earthquake. Interruption can be planned for operational requirements such as maintenance and refurbishment. Mobile substations largely used in such situations, thereby helping in keeping the grid operational and safe. Moreover, factors such as cost effectiveness, flexibility, time saving, and easy installation of mobile substations promote growth of the market. However, maintenance of a mobile substation is a major factor that can hamper the market, as any small failure can cause serious disturbances.

Mobile Substation Market: Key Segments

The global mobile substation market can be segmented based on transformer, power rating, application, and region. In terms of transformer, the mobile substation market can be segregated into power transformer and distribution transformer. The distribution transformer segment accounted for a dominant share of the market in 2018. Significant growth in urbanization and industrialization across the world is expected to boost the distribution transformer segment during the forecast period. Based on power rating, the global mobile substation market can be segmented into up to 10 MVA, 11 MVA–25 MVA, 25 MVA–100 MVA, and above 100 MVA. The 25 MVA–100 MVA segment dominated the global mobile substation market in 2018 and it is projected to expand rapidly during the forecast period. Mobile substations with 25 MVA–100 MVA power rating are suitable for use in all applications. Hence, the segment is expanding rapidly.

Based on application, the global mobile substation market can be segmented into utilities, infrastructure, industrial, and others. The utilities segment dominated the global market in 2018. It is projected to be the rapidly expanding application segment during the forecast period. Industrial is another major application segment of the mobile substation market and it is expected to expand significantly during the forecast period. Oil & gas and metals & mining are major industries wherein mobile substations are used.

Mobile Substation Market: Regional Outlook

Based on region, the global mobile substation market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Middle East & Africa dominated the global mobile substation market in 2018. Middle East & Africa is rich in natural resources such as oil, gas, and metals. Significant growth in oil & gas and mining activities is raising the demand for mobile substations in the region. Recently i.e. in June 2018, ABB received orders from the Ministry of Electricity of Iraq to deliver five fixed and 15 mobile 132-kV substations to strengthen the power grid and provide electricity in central parts of Iraq. Asia Pacific is another major market for mobile substations. Demand for power in the region has increased considerably owing to rising population and growth of the industrial sector. This has resulted in risen the need for proper power transmission and distribution to ensure uninterrupted power supply. Mobile substations can offer a cost-effective solution for this.

Mobile Substation Market: Key Players

Key companies operating in the global mobile substation market are ABB Ltd., Siemens AG, General Electric Company, Qingdao TGOOD Electric, Elgin Power Solutions, Meidensha Corporation, Matelec Group, Enerset Power Solutions, EKOSinerji, WEG, Atlas Electric Inc., and Delta Star Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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