The global mobile substation market will reach $2018.7 million in 893

According to a report by international market research agency Markets and Markets, the global mobile substation market is expected to grow from $789.
3 million in 2018 to $1,136.
9 million in 2023, with a CAGR of 7.
57%
during the period.

The global mobile substation market will reach $789.
3 million in 2018

Mobile substations are also known as portable substations or compact power stations
.
The factors driving the growth of this market include the convenience, time saving, flexibility, and ease of installation of mobile substations
.
And mobile substations can be installed in limited space and can be easily relocated
without difficulty.
Mobility, short start-up and commissioning times, reduced mechanical footprint, and no need for civil works are the key factors
driving the growth of the mobile substation market during the forecast period.

Utility applications are expected to grow
at a higher CAGR.
Mobile substations can be used as backup equipment for emergency response and are also very useful
in situations where energy distribution is provided or restored in a short period of time.
Mobile substations are used in utility and industrial applications
.
Planned maintenance, disaster response, rapid expansion of transmission capacity are some examples
of mobile substations that have delivered reliable results for utilities.
Mobile substations are used to provide temporary power
supply during unplanned maintenance.
And during planned maintenance, mobile substations can reduce or even eliminate the need for
extended outages.

Several companies, including Siemens, General Electric, Eaton, and Meidiansha, provide mobile substations
to the utility industry.
For example, in 2017, Siemens supplied two mobile substations
to the Saudi National Grid Corporation.
Siemens will design 2,380 kV mobile substations, each with a transformer rating of 502 MWA.

GE has supplied several mobile substations for the utility sector, including the Saudi Power Company and the E.
ON power project
in Spain.

By 2023, the Middle East and Africa will account for the largest share of the global market and grow at the highest CAGR, followed by the Americas
.
Rapid electrification in Africa and demand from metals and mining industries will drive the growth of the regional market
.

Political instability in countries such as Iraq is easing, and the Government is struggling to provide basic facilities
.
As part of this, in 2017, Iraq's Ministry of Electricity ordered 12 mobile substations
.
The increase in electricity supply is expected to overcome Iraq's power shortage as a result of the installation of new substations
.
In addition, in 2014, the Iraqi Ministry of Electricity ordered 16 mobile substations
from CG Power India.
These substations are expected to be deployed throughout Iraq to provide temporary grid connections and temporary power supply
to utilities and industry.
Recently, Aktif Group delivered 10 mobile substations
to the Iraqi Ministry of Electricity.
Countries such as Angola, Algeria, Mozambique, and Libya are also leading the high demand
for mobile substations.

Key players in the global mobile substation market include Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and Meidiansha (Japan).

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