Global Mobile Substation Strategic Business Report 2023: A $1.5 Billion Market by 2030 - Mobile Substations Gain Traction in Metals & Mining

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Jun 08, 2023, 21:45 ET

DUBLIN, June 8, 2023 /PRNewswire/ -- The "Mobile Substation: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Mobile Substation Market to Reach $1.5 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Mobile Substation estimated at US$915.5 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.

Transformer, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$846.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Switchgear segment is readjusted to a revised 6.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $148.7 Million, While China is Forecast to Grow at 6.9% CAGR

The Mobile Substation market in the U.S. is estimated at US$148.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$39.6 Million by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.

Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth.

Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.

Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What's New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

Impact on Mobile Substations
An Introduction to Electrical Houses
Mobile Substation: A Prelude
Features and Applications of Mobile Substation
Mobile Transformer: Key to Substation
Market Overview and Outlook
Regional Analysis: Middle East & Africa Represents the Largest Region
Competitive Scenario
Portable Power Solutions: Leading Companies Show the Way through Innovations
Recent Market Activity
Mobile Substation - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

MARKET TRENDS & DRIVERS

Growing Frequency of Power Outages Drives Demand
Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
Weather-related Power Outages Become More Rampant
Technology Advancements Give Impetus to Market Expansion
Eco-friendly, Mobile Substations from Siemens
Established Use in Construction Site Electrification Programs
Oil & Gas Sector: Prominent Consumer of Mobile Substations
Robust Opportunities in Utilities Sector
Mobile Substations Gain Traction in Metals & Mining Industry
World Metals & Mining Industry by Material Category: A Snapshot
Leading Mining Nations in the World: Percentage Breakdown of Mine Production Volume for Australia, China, Russia, USA, and Others
Relevance in Disaster Response Operations
Growing Opportunities in Renewables Sector
Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh)
Convenience of Mobile Substation in Railway & Urban Transport Electrification

FOCUS ON SELECT PLAYERS (Total 48 Featured)

ABB Ltd.
Aktif Group
AMPCONTROL LIMITED
Atlas Electric Inc.
AZZ Inc.
CR Technology Systems S.p.A.
Delta Star Inc.
Eaton Corporation plc
EFACEC
EKOSinerji
Elgin Power Solutions
Enerset Power Solutions
General Electric Company
Jacobsen Elektro AS
Matelec Group
Meidensha Corp.
Powell Industries Inc.
Siemens AG
TGOOD Global Ltd.
Unit Electrical Engineering Ltd
WEG Electric Corp.

For more information about this report visit https://www.researchandmarkets.com/r/5ji258

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