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Global Mobile Substation Market Growth: An Industry Worth USD 1,879.6 Million by 2032, Growing at a CAGR of 7.2%

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The global mobile substation market is expected to reach a valuation of USD 1879.6 Mn by 2032, with the market growing at a healthy CAGR of 7.2% from 2022 to 2032. Driven by the wide adoption in the utility sector, the target market is likely to reach an estimated value of USD 934.7 Mn by the end of 2022. Mobile substations are often used to bridge the power supply gaps in the grid, resulting in their wide adoption in the utility sector as these substations play a crucial role in power transmission and distribution. Hence, the adoption in the utility sector is the key growth driver for the mobile substation market during the forecast period.

The increasing degree of power transmission problems along with the imbalance in the transmission network are increasing the demand for mobile substations. This is because mobile substations help to enhance the reliability of the main high-voltage transmission network. The modular, plug-and-play concept of the mobile substation enables network connections and stability under all conditions. This has a positive impact on the mobile substation market.

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In addition, the growing demand for renewable energy is also driving growth in the target market. The increased need for seamless integration of renewable energy into the electrical grid, driven by the growth of clean energy projects, is driving the need for mobile substations. Again, the ability of power systems to recover as quickly as possible from severe weather events and natural disasters is beneficial to local businesses and communities.

Moreover, the growing demand for electricity requires a new, efficient and effective transformation management strategy that would fully utilize mobile substations. The continuous evolution of renewable energy share in centralized and decentralized grids is also contributing to the demand for mobile substations. These considerations are likely to drive the growth of the mobile substation market during the forecast period.

Industrial applications:

  • Manufacturing and production: Mobile power stations provide reliable power for temporary production lines, plant expansions or maintenance work at industrial facilities.
  • Oil and gas exploration: These units provide temporary power to drilling rigs, refineries and other remote oil and gas facilities.
  • Events and entertainment: Large concerts, festivals and sporting events often require a temporary power boost, which can be conveniently provided by mobile substations.

Key conclusions:

  • Lack of awareness about mobile substations may hinder their market development.
  • The North American mobile power station market will lead global growth with a 26.3% market share.
  • Rapid industry development will drive the mobile substation market in the Asia Pacific region.
  • Startups in this market offer personalized solutions to meet the requirements of end users.

Competitive environment

The major players in the mobile substation market, whose characteristics are included in the full version of the report, include General Electronic, Hitachi ABB Inc., Siemens AG, Qingdao MEIDENSHA CORPORATION, Enerset Power Solutions and Aktif Group of Companies.

Leading market players are interested in finding solutions to energy problems and entering new economies to expand their operations. These companies engage in agreements, partnerships and collaborations to strengthen their market position.

6 Most Important Players in the Mobile Substation Industry

  • General electronics
  • Hitachi ABB Inc.
  • Siemens AG
  • Qingdao MEIDENSHA CORPORATION
  • Enerset Energy Solutions
  • Aktif Group of Companies

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Key segments

By type:

  • Mobile power station mounted on a trailer
  • Mobile skid-mounted substation
  • Containerized
  • Others

By voltage:

  • High voltage
  • Medium voltage

By end use:

  • Industrial
  • Production
  • Energy and power
  • Transport and logistics
  • Aviation and maritime
  • IT and Telecommunications
  • Oil and gas
  • Mining
  • Military
  • Chemical
  • Others

By region:

  • North America
  • Latin America
  • Asia and Pacific
  • Middle East and Africa (MEA)
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award winner and member of the Greater New York Chamber of Commerce) offers in-depth insights into the factors driving market demand. FMI is a leading global provider of market intelligence, advisory services, consulting and events for the packaging, food and beverage, consumer goods, technology, healthcare, industrial and chemical markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional and local expertise on various industry disciplines and trends in over 110 countries.

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