Dublin, Jan. 29, 2019 (GLOBE NEWSWIRE) -- The "Global Mobile Substation Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The mobile substation market will register a CAGR of over 7% by 2023.

Rise in demand for solar and wind power to emerge as major trend in the market. Increasing awareness of carbon emissions and favorable regulatory policies have turned the attention of all end-users to renewable power generation sources. Besides hydropower, which is one of the most commonly used renewable power generation source, solar and wind power generation are attracting substantial investments in recent years. When compared with hydropower, solar and wind power generation sources power are less costly to install and are more environment-friendly.

Market Overview

Need for mobile substations in oil and gas fields located in remote areas

Operations in the oil and gas industry often take place in isolated areas where it is difficult to install equipment and machines. Equipment such as compressors and drilling equipment needs a reliable power supply. Modular mobile substations that are prefabricated and installed on site in such remote locations optimize the movement of machines and workers, thereby reducing the operational cost and improving the workflow.

Availability of conventional substations

Because of their ability to provide a compact and flexible solution, the adoption of mobile substations by end-users is growing rapidly. However, these substations have a much lower market share than conventional substations. This is because these mobile substations are mainly used in emergency situations when conventional substations cannot be used or cannot come online as quickly as required. Therefore, conventional substations are still preferred as a long-term solution by end-users.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Techman-Head Group and Brackett Aircraft Company, the competitive environment is quite intense. Factors such as the rising demand for solar and wind power and the need for mobile substations in oil and gas fields located in remote areas, will provide considerable growth opportunities to mobile substation manufactures.

ABB, CG (Avantha Group), Eaton, General Electric, Siemens, and WEG are some of the major companies covered in this report.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY END-USER

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

PART 11: VENDOR LANDSCAPE

PART 12: VENDOR ANALYSIS

PART 13: APPENDIX


For more information about this report visit https://www.researchandmarkets.com/research/3jmvzn/global_mobile?w=12

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