The mobile substation market is projected to be worth USD 934.7 million in 2022. With an expected CAGR of 7.2%, it is anticipated that the market is growing rapidly and be worth USD 1,879.6 million by 2032.
As mobile substations are frequently used to fill electricity gaps in the grid, this can be attributed to the rise in demand for renewable energy sources like wind, solar, and hydro to meet the rising need for electricity generation. In the utility sector, the application of mobile substations is crucial for transmitting and distributing power.
| Report Attribute | Details |
|---|---|
| Mobile Substation Market Value (2022) | USD 934.7 Million |
| Mobile Substation Market Anticipated Value (2032) | USD 1,879.6 Million |
| Mobile Substation Market Projected Growth Rate (2022 to 2032) | 7.2% |
Mobile substations help to strengthen the reliability of the primary high-voltage transmission grid in response to the ever-increasing degree of power transmission issues and an imbalance within the transmission networks. The idea of a modular, plug-and-play mobile substation ensures grid connections and stability under any conditions.
The leading example can be CG in Belgium, further reaffirming its status as the world's foremost innovator in providing plug & play transportable substations. Following a thorough joint engineering study, the Saudi Electricity Company/National Grid SA utility awarded the contract to CG Belgium.
Another place for entertainment that saw a significant increase in attendance is the substation. People played there to try their luck, pass the time, and consider it a form of entertainment, as well as those who wanted to gamble to make a sizable profit for various purposes while investing a minimal amount of money.
The sector encompasses activities like gambling, lotteries, and bingo, in addition to being concerned with transferring resources and money between people. The well-known international market participants are improving their operations and providing a variety of incentives to draw more customers to test what each operator has to offer. Additionally, the participants legalize their operation by offering unquestionably real and clean services.
The term gambling on casinos or sports-like games using devices and an internet connection refers to mobile substation market trends. The substation market has a variety of moods, from sports wagers to casino-style activities, which is especially noticeable among millennials who exhibit curiosity in delving into the substation realm.
Due to characteristics like portability, speedy setup and commissioning periods, reduced mechanical footprint, and lack of necessity for civil construction, the global market for mobile substations is estimated to grow during the projected period.
Utility and industrial applications have considerable demand for mobile substations. The technology is employed in electrical advanced energy storage system grid coupling, grid connection, and plant balancing.
The adoption of mobile substations is predicted to increase as a result of the anticipated recovery from the pandemic in key end-use industries, such as
Due to the predicted rise in electricity usage, there is a resurgence in the demand for dependable power supply.
The mobile substation market is driven by strong demand from the industrial and construction sectors for reliable power supply. The market is expected to continue to grow as more of these mobile units are used for temporal grids. In areas affected by natural catastrophes or other incidents, this system offers temporary power options.
Clean Energy Projects
The demand for mobile substations is rising due to the need for smooth renewable energy integration into the electric grid, which is necessitated by an increase in the number of clean energy projects.
Moreover, having the capacity to bounce back as soon as possible from significant weather events and natural disasters benefits local businesses and communities regarding the economy, public health, and safety.
Management Strategy
A new efficient and effective transition management strategy that fully utilizes mobile substations is required due to the increase in electricity demand, as well as the ongoing and expanded growth of the share of renewable energy in centralized and decentralized grids. These factors are likely to increase demand for the mobile substations market during the forecast period.
Lack of Awareness
The development of mobile substations is said to be hampered in some nations by the general lack of knowledge about them. As a result, this is anticipated to be the main factor restricting the global mobile substations' market share.
North America is the leading region in the mobile substation market, with a share of 26.3% during the forecast period.
As a result of a well-established industrial sector, there has been an increase in the need for power. Nevertheless, the country's frequent power outages caused by natural disasters and other events challenge this high demand. This particular factor has been a significant market driver in the USA alone.
The USA Department of Energy (DOE) reported that inclement weather is the main reason for power outages in the nation. The need for mobile substations is also increasing due to aging grid infrastructure and expensive upgrades to these facilities.
Due to the expanding population and quick industrial automation sector growth, the demand for mobile substations in the Asia Pacific has noticed a noticeable increase. China continues to have one of these regional marketplaces with the strongest growth rates.
The mobile substation market is expected to register considerable growth in sales during the projected period from the area due to growing concerns and knowledge about adequate transmission and distribution to guarantee uninterrupted power supply.
New firms are entering great prospects in the mobile substation market due to renewable power demand and multiple industrial applications. Startups in mobile substations are offering customized solutions to fulfill the end-user demand.
For instance: Mobile substations from Elgin Power Solutions are fully functional, standalone equipment. They offer units that are created and constructed to suit state and federal highway regulations and customer specifications.
Besides this, sustainability is a crucial factor to consider in the overall market. For instance: Iberdrola is searching for novel materials, designs, manufacturing processes, and construction techniques for electric substations and very high-voltage lines that improve the sustainability of the processes through its startup program PERSEO
Mobile substations can minimize or even eliminate the requirement for prolonged power interruptions during planned maintenance. Manufacturers are concentrating on finding solutions to the energy issue and opening up new markets for mobile substations.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.2% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Voltage, End Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; The Asia Pacific excluding Japan; Japan; The Middle East and Africa |
| Key Countries Profiled | The USA, Canada, Brazil, Argentina, Germany, The United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC Countries, South Africa |
| Key Companies Profiled | Tait Communications; Motorola Solutions, Inc; JVCKENWOOD Corporation; Icom America Inc; Hytera Communications; Sepura plc; Yaesu USA; Entel; Uniden; Kirisun Communications Co.; Quansheng |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 4: Global Market Volume (Units) Forecast by Type, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Voltage, 2017 to 2032
Table 6: Global Market Volume (Units) Forecast by Voltage, 2017 to 2032
Table 7: Global Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 8: Global Market Volume (Units) Forecast by End Use, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by Type, 2017 to 2032
Table 13: North America Market Value (US$ Million) Forecast by Voltage, 2017 to 2032
Table 14: North America Market Volume (Units) Forecast by Voltage, 2017 to 2032
Table 15: North America Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 16: North America Market Volume (Units) Forecast by End Use, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 18: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 19: Latin America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 20: Latin America Market Volume (Units) Forecast by Type, 2017 to 2032
Table 21: Latin America Market Value (US$ Million) Forecast by Voltage, 2017 to 2032
Table 22: Latin America Market Volume (Units) Forecast by Voltage, 2017 to 2032
Table 23: Latin America Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 24: Latin America Market Volume (Units) Forecast by End Use, 2017 to 2032
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 27: Europe Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 28: Europe Market Volume (Units) Forecast by Type, 2017 to 2032
Table 29: Europe Market Value (US$ Million) Forecast by Voltage, 2017 to 2032
Table 30: Europe Market Volume (Units) Forecast by Voltage, 2017 to 2032
Table 31: Europe Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 32: Europe Market Volume (Units) Forecast by End Use, 2017 to 2032
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 36: Asia Pacific Market Volume (Units) Forecast by Type, 2017 to 2032
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Voltage, 2017 to 2032
Table 38: Asia Pacific Market Volume (Units) Forecast by Voltage, 2017 to 2032
Table 39: Asia Pacific Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 40: Asia Pacific Market Volume (Units) Forecast by End Use, 2017 to 2032
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 42: MEA Market Volume (Units) Forecast by Country, 2017 to 2032
Table 43: MEA Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 44: MEA Market Volume (Units) Forecast by Type, 2017 to 2032
Table 45: MEA Market Value (US$ Million) Forecast by Voltage, 2017 to 2032
Table 46: MEA Market Volume (Units) Forecast by Voltage, 2017 to 2032
Table 47: MEA Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 48: MEA Market Volume (Units) Forecast by End Use, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Type, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Voltage, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by End Use, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 9: Global Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 10: Global Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 11: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 13: Global Market Value (US$ Million) Analysis by Voltage, 2017 to 2032
Figure 14: Global Market Volume (Units) Analysis by Voltage, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by Voltage, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by Voltage, 2022 to 2032
Figure 17: Global Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 18: Global Market Volume (Units) Analysis by End Use, 2017 to 2032
Figure 19: Global Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 21: Global Market Attractiveness by Type, 2022 to 2032
Figure 22: Global Market Attractiveness by Voltage, 2022 to 2032
Figure 23: Global Market Attractiveness by End Use, 2022 to 2032
Figure 24: Global Market Attractiveness by Region, 2022 to 2032
Figure 25: North America Market Value (US$ Million) by Type, 2022 to 2032
Figure 26: North America Market Value (US$ Million) by Voltage, 2022 to 2032
Figure 27: North America Market Value (US$ Million) by End Use, 2022 to 2032
Figure 28: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 30: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 33: North America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 34: North America Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 37: North America Market Value (US$ Million) Analysis by Voltage, 2017 to 2032
Figure 38: North America Market Volume (Units) Analysis by Voltage, 2017 to 2032
Figure 39: North America Market Value Share (%) and BPS Analysis by Voltage, 2022 to 2032
Figure 40: North America Market Y-o-Y Growth (%) Projections by Voltage, 2022 to 2032
Figure 41: North America Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 42: North America Market Volume (Units) Analysis by End Use, 2017 to 2032
Figure 43: North America Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 44: North America Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 45: North America Market Attractiveness by Type, 2022 to 2032
Figure 46: North America Market Attractiveness by Voltage, 2022 to 2032
Figure 47: North America Market Attractiveness by End Use, 2022 to 2032
Figure 48: North America Market Attractiveness by Country, 2022 to 2032
Figure 49: Latin America Market Value (US$ Million) by Type, 2022 to 2032
Figure 50: Latin America Market Value (US$ Million) by Voltage, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) by End Use, 2022 to 2032
Figure 52: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 57: Latin America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 58: Latin America Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 61: Latin America Market Value (US$ Million) Analysis by Voltage, 2017 to 2032
Figure 62: Latin America Market Volume (Units) Analysis by Voltage, 2017 to 2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Voltage, 2022 to 2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Voltage, 2022 to 2032
Figure 65: Latin America Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 66: Latin America Market Volume (Units) Analysis by End Use, 2017 to 2032
Figure 67: Latin America Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 69: Latin America Market Attractiveness by Type, 2022 to 2032
Figure 70: Latin America Market Attractiveness by Voltage, 2022 to 2032
Figure 71: Latin America Market Attractiveness by End Use, 2022 to 2032
Figure 72: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 73: Europe Market Value (US$ Million) by Type, 2022 to 2032
Figure 74: Europe Market Value (US$ Million) by Voltage, 2022 to 2032
Figure 75: Europe Market Value (US$ Million) by End Use, 2022 to 2032
Figure 76: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 78: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 81: Europe Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 82: Europe Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 83: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 85: Europe Market Value (US$ Million) Analysis by Voltage, 2017 to 2032
Figure 86: Europe Market Volume (Units) Analysis by Voltage, 2017 to 2032
Figure 87: Europe Market Value Share (%) and BPS Analysis by Voltage, 2022 to 2032
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Voltage, 2022 to 2032
Figure 89: Europe Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 90: Europe Market Volume (Units) Analysis by End Use, 2017 to 2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 93: Europe Market Attractiveness by Type, 2022 to 2032
Figure 94: Europe Market Attractiveness by Voltage, 2022 to 2032
Figure 95: Europe Market Attractiveness by End Use, 2022 to 2032
Figure 96: Europe Market Attractiveness by Country, 2022 to 2032
Figure 97: Asia Pacific Market Value (US$ Million) by Type, 2022 to 2032
Figure 98: Asia Pacific Market Value (US$ Million) by Voltage, 2022 to 2032
Figure 99: Asia Pacific Market Value (US$ Million) by End Use, 2022 to 2032
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 106: Asia Pacific Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Voltage, 2017 to 2032
Figure 110: Asia Pacific Market Volume (Units) Analysis by Voltage, 2017 to 2032
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Voltage, 2022 to 2032
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Voltage, 2022 to 2032
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 114: Asia Pacific Market Volume (Units) Analysis by End Use, 2017 to 2032
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 117: Asia Pacific Market Attractiveness by Type, 2022 to 2032
Figure 118: Asia Pacific Market Attractiveness by Voltage, 2022 to 2032
Figure 119: Asia Pacific Market Attractiveness by End Use, 2022 to 2032
Figure 120: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 121: MEA Market Value (US$ Million) by Type, 2022 to 2032
Figure 122: MEA Market Value (US$ Million) by Voltage, 2022 to 2032
Figure 123: MEA Market Value (US$ Million) by End Use, 2022 to 2032
Figure 124: MEA Market Value (US$ Million) by Country, 2022 to 2032
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 126: MEA Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 129: MEA Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 130: MEA Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 131: MEA Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 133: MEA Market Value (US$ Million) Analysis by Voltage, 2017 to 2032
Figure 134: MEA Market Volume (Units) Analysis by Voltage, 2017 to 2032
Figure 135: MEA Market Value Share (%) and BPS Analysis by Voltage, 2022 to 2032
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Voltage, 2022 to 2032
Figure 137: MEA Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 138: MEA Market Volume (Units) Analysis by End Use, 2017 to 2032
Figure 139: MEA Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 140: MEA Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 141: MEA Market Attractiveness by Type, 2022 to 2032
Figure 142: MEA Market Attractiveness by Voltage, 2022 to 2032
Figure 143: MEA Market Attractiveness by End Use, 2022 to 2032
Figure 144: MEA Market Attractiveness by Country, 2022 to 2032
The mobile substation market is projected to have a CAGR of 7.2% through 2032.
North America is leading in the mobile substation market, with a share of 26.3% by 2032.
The mobile substation market is expected to reach USD 1,879.6 million by 2032.
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