19:00 | 21.10.2019
Global Mobile Substation Market 2019-2023 | Evolving Opportunities With ABB and CG (Avantha Group) | Technavio
Technavio has been monitoring the global mobile substation market since 2018 and the market is poised to grow by USD 309.71 million during 2019-2023, progressing at a CAGR of more than 7% during the forecast period. Request free sample pages
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191021005496/en/Technavio has announced its latest market research report titled Global Mobile Substation Market published during 2019-2023. (Graphic: Business Wire)Read the 126-page report with TOC on “Mobile Substation Market Analysis Report by End-Users (Industrial and Commercial), Geography (Americas, APAC, and EMEA), and the Segment Forecasts, 2019-2023.”
The market is driven by the need for substations in oil and gas fields located in remote areas. In addition, the rise in demand for solar and wind power is anticipated to boost the growth of the mobile substation market.
Mobile substations offer flexibility for oil and gas operators to quickly move from one location to another. They also help streamline the decommissioning process of infrastructure used in offshore oil and gas production, thereby reducing operational costs for oil and gas operators. New regulations have made it mandatory for oil and gas operators to fast-track the decommissioning of offshore oil and gas infrastructure, which has been idle for a long time. These factors are expected to drive the demand for mobile substations during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for FREE.View market snapshot before purchasingMajor Five Mobile Substation Companies:ABB
ABB operates its business across segments such as electrification products, robotics and motion, industrial automation, and power grids. The company offers trailers/semi-trailers, skid mounted, containerized, and rail-wagons for mobile substations.
CG (Avantha Group)
CG (Avantha Group) operates its business across two segments, namely power systems and industrial systems. The company offers mobile power substations with power ratings up to 80MVA and 245KV.
Eaton operates its business across segments such as electrical products and electrical systems and services, hydraulics, aerospace, and vehicle. The company offers Modular Integrated Transportable Substation (MITS) under mobile stations.
General Electric operates its business across segments such as power, aviation, lighting, renewable energy, healthcare, oil and gas, transportation, and capital. The company offers trailers and containerized and skid mobile substations.
Siemens operates its business across various segments including power and gas, energy management, building technologies, mobility, digital factory, process industries and drives, financial services, Siemens Healthineers, and Siemens Gamesa Renewable Energy. The company offers trailers and semi-trailers under mobile substations.
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Mobile Substation Geography Outlook (Revenue, USD Million, 2019 – 2023)
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample reportRelated Reports on Industrials Include:Global Instrument Transformer Market – Global instrument transformer market by application (protection and measurement) and geography (APAC, Europe, MEA, North America, and South America).
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View source version on businesswire.com: https://www.businesswire.com/news/home/20191021005496/en/