Emergency Mobile Substation Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component (Switchgear, Transformer, Surge Arresters, and Other) and Application (Utilities and Industrial)
Publication Month: Nov 2020 |
Report Code: TIPTE100001025
| No. of Pages: 154
| Category: Energy and Power
| Status: Published
The emergency mobile substation market was valued at US$ 910.00 million in 2019 and is projected to reach US$ 1,465.34 million by 2027; it is expected to grow at a CAGR of 6.3% from 2020 to 2027.
The emergency mobile substation market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. In terms of market share, Europedominated the market in 2019.The industrial sector across Europeis developingsignificantly with a stable economy and government’s favorable support to strengthen industries in the region. A growing number of oil & gas, energy & power, manufacturing bases, and construction units plays a vitalrole in the sales of mobile transformers and mobile substations. Industries use electric gridheavily,and the instanceof power outage might occur; therefore, the need for emergency mobile substations is rising across Europe. The increasing promotions for the deployment of emergency mobile substations in Europe accelerate the demand for these substations. For instance, in March 2020, the European governing body distributed emergency mobile substations Market to the electric power industry in Serbia. These substations are energized in on-load regime in substations of Belgrade 2 (110/35kV), Krusevac 4 (35/10kV), Zlatibor 1 (35/10kV), and Požarevac Centar (35/10kV). The distributed substation to the Serbian Electric Power Company supports faster recovery of the distribution power system during any emergency.
Impact of COVID-19 Pandemic on Emergency Mobile Substation Market
The ongoing COVID-19 pandemic is bringing long-term disruptions across several major processesand discrete industries—such as automotive, chemicals, oil & gas, energy & power, mining, and manufacturing. The tremendous growth in the spread of virus urges governments across the globe to impose strict restrictions on the movement of humans and vehicles. As a result, the nationwide lockdown is disrupting the supply chain and production of components, equipment, and systems, as well as the supply of raw materials for manufacturing components used in a mobile substation. The limited production activities andreduced demand from end-useindustries arerestraining the overall market revenue for the emergency mobile substation market, resulting in a decline in the market growth during the coming few years.
Lucrative Regions of Emergency Mobile Substation Market
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Market Insights–Emergency Mobile Substation Market
Rising Need for Instantaneous Power during Emergencies
The growing demand for the emergency mobile substation is attributed to factors such as the convenience of transportation, efficient backup provision, cost-effectiveness,and flexibility. These substations can easily be ported from one place to another; therefore,their use in construction and military sectors is increasing. Further, emergency mobile substations are widely deployed in diverse sectors as theseprovide efficient transmission anddistribution of power across the grid. The deployment of these substations provides semipermanent or even permanent installation in specific applications such as construction and utilties,which isdriving the growth of the emergency mobile substations market.
Component SegmentInsights
Based on component, the emergency mobile substation market is dominated by the switchgear segment.There are various system designs available in the market for portable substations. High voltage and low voltage switchgears are deployed in the emergency mobile substations.
Emergency Mobile Substation Market, by Application(% share)
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Application SegmentInsights
Based on application, the emergency mobile substation market is dominated by the utilities segment. Emergency mobile substations provide temporary power supplies and interim grid connections. These substations are incrementally finding applications during planned or emergency outage of power supply and in the integration of renewable or distributed generation.
Strategic Insights
Report Coverage - Emergency Mobile Substation Market
Report Coverage
Details
Market Size Value in
US$ 910.00 Million in 2019
Market Size Value by
US$ 1,465.34 Million by 2027
Growth rate
CAGR of 6.3% from 2020-2027
Forecast Period
2020-2027
Base Year
2020
No. of Pages
154
No. of Tables
83
No. of Charts & Figures
74
Historical data available
Yes
Segments covered
Component and Application
Regional scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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The players operating in the emergency mobile substation market focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
In October 2020, ABB assisted Tan Thang Cement to complete installation of ABB’s ability digital solutions at the new cement plant in Vietnam. The company along with digital solutions has offered 110kV air-insulated substation, SCADA system based on ABB Ability System 800xA for power control, and telecommunications and high-voltage primary andsecondary equipment to support electrical infrastructure.
In February 2019, Con Edison announced that it is ready to install and operate a power substation by using Siemen’s mobile substation. The company stated that the deployment of mobile substations will assist Con Edison to expand resilience by lowering effect of power outages in unexpected events andextreme weather. Out of six substations, Siemens had delivered four substations to Con Edison.
In December 2019, Elektroprivreda Srbije (EPS) received the four largest mobile substations manufactured by ABB. The company has produced this at their plant in Italy with €1.4 million of EU donation.
The global emergency mobile substation market has been segmented as follows:
Emergency Mobile Substation Market– by Component
Switchgear
Transformer
Surge Arresters
Others
Emergency Mobile Substation Market– byApplication
Utilities
Industrial
Oil & Gas
Metals & Mining
Others
Emergency Mobile Substation Market- by Region
North America
US
Canada
Mexico
Europe
France
Germany
Italy
UK
Russia
Rest of Europe
Asia Pacific (APAC)
China
India
South Korea
Japan
Australia
Rest of APAC
MEA
Saudi Arabia
South Africa
UAE
Rest of MEA
SAM
Brazil
Argentina
Rest of SAM
Emergency Mobile Substation Market –Companies Profiles
Presently, Europe held the largest share of the global emergency mobile substation market. Germany, Russia, France, the UK, and Italy are among the major economies in Europe, and these countries are known for large-scale industrialization and urbanization. Thus, they are inclined toward adopting advanced solutions that boost the productivity of various industrial and urban processes. European countries are concentrated with prominent industries, such as food & beverages, automobiles, aerospace, chemicals, pharmaceuticals, and semiconductors, which, demand for emergency mobile substations in the region for significant power recovery if any electric grid risks occur.
Remote area electrification in developing and underdeveloped regions is expected to create growth avenues for emergency mobile substation market. There are multiple World Bank Group projects running to explore means to provide modern energy services to the billions of people who do not have access to energy in developing countries. The lack of power hampers the social and economic development of these areas. Mobile substation with advantages such as easy installation, portability, flexibility, affordable cost, and compatibility with multiple fuel sources present a solution for remote and rural area electrification and during disasters. This factor is anticipated to fuel the market growth.
The industrial applications cover various industries including oil & gas, metals & mining, and others. Optimal usage of electric power and consistent power supply are crucial for the operations in the process industries. The companies operating in the mobile emergency substation market are aiming to offer exceptional power quality and storage system to ensure reliable power supply and aid in continual operations in the industrial sector.
The List of Companies - Emergency Mobile Substation Market
AZZ Inc.
Eaton Corporation PLC
General Electric Company
Siemens AG
MEIDENSHA CORPORATION
NARI Group Corporation
Powell Industries, Inc.
TGOOD Global Ltd.
WEG Electric Corp.
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