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. The mobility, efficiency, adaptability, and simplicity of installation of the mobile substation are factors influencing the market's expansion. Additionally, mobile substations can be set up in a small space and moved without any problems. During the projected period, the global market for mobile substations is anticipated to develop due to factors including portability, quick startup and commissioning times, reduced mechanical footprint, and lack of need for civil work.

During the forecast period, the market for utilities applications is anticipated to expand at a faster CAGR.

Mobile substations can be helpful as backup units for emergency response and are also helpful in situations where the energy distribution needs to be given or restored in a hurry. Both industrial and utility applications use mobile substations. Mobile substations have demonstrated success for utilities in a variety of use cases, including planned maintenance, disaster response, and rapid increase of transmission capacity. For interim power supply during unscheduled repairs, mobile substations are employed. Additionally, movable substations can minimise or even completely eliminate the requirement for prolonged power outages during periods of planned maintenance.

Mobile substations are a product of numerous businesses, including Siemens, General Electric, Eaton, and MEIDENSHA. For instance, in 2017 Siemens shipped 2 mobile substations to National Grid SA, Saudi Electricity Co.'s transmission company. 2 380kV mobile substations with transformer ratings of 502 MVA each are expected to be designed by Siemens. In the utility industry, General Power provided a number of mobile substations, notably those for the Saudi Electricity Company in Saudi Arabia and the E.ON SE electric project in Spain.

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The Middle East and Africa will have the highest CAGR for the Mobile Substation Market throughout the forecast period.

In addition to holding the greatest market share, followed by the Americas, the Middle East & Africa is predicted to expand at the highest CAGR over the projection period. The global mobile substation market is anticipated to increase as a result of rapid electrification in Africa and demand from the continent's metals and mining industries.

Countries in the Middle East, like Iraq, are seeing fewer politically turbulent situations, and the government is working to provide necessities. In order to help with this, the Iraqi Ministry of Electricity bought 12 mobile substations in 2017. It is anticipated that Iraq's power deficit problems would be resolved by the increase in power supply brought on by the building of new substations. Additionally, the Iraqi Ministry of Electricity purchased 16 mobile substations from CG Power in 2014. (India). These substations are anticipated to be placed all over Iraq for utilities and businesses to supply temporary grid connections and power sources. The Aktif Group recently delivered 10 mobile substations to the Iraqi Ministry of Electricity in 2017. The growing need for mobile substations is also being driven by nations like Angola, Algeria, Mozambique, and Libya, among others.

Key Players

Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and MEIDENSHA are major players in this mobile substation market (Japan). WEG (Brazil), AZZ (US), TGOOD (Hong Kong), Powell Industries (US), Elgin Power Solutions (US), Matelec Group (Lebanon), Aktif Group (Turkey), PME Power Solutions (India), EKOS Group (Turkey), Efacec (Portugal), and Delta Star (US) are some of the other businesses featured in this research.

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