Equipment used in the oil and gas industry require a reliable power supply. However, most of the oil and gas industries are located in isolated areas where the installation of machines and equipment is difficult. Moreover, the decreasing oil and gas resources onshore is forcing companies to venture to offshore sites for oil and gas extraction. Hostile working conditions and downtime are some of the major challenges faced by oil and gas operators in these deep-water offshore fields. Modular mobile substations which are prefabricated and installed on site, help improve workflow and reducing operational cost by optimizing machine and worker movement. It also reduces the downtime for offshore oil fields and offers flexibility in terms of movement of mobile substations thereby streamlining the decommissioning process. With the growing need for mobile substations in oil and gas fields located in remote areas, the market will register a CAGR of over 7% during the forecast period.
Top mobile substation companies covered in this market research report
The global mobile substation market is moderately fragmented and the competition among companies is intense. To help clients improve their revenue share in this market, this research report provides an analysis of the market’s competitive landscape and contains information on the products offered by various leading companies. This mobile substation market analysis report also suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.
The report offers a detailed analysis of several leading companies including:
CG (Avantha Group)
Mobile substation market segmentation based on end-users
The industrial segment will account for the highest mobile substation market share throughout the forecast period because of the increasing demand from energy-intensive industries such as metals and mining, oil and gas, chemical and petrochemical, and power. This report provides an accurate prediction of the contribution of various segments to the growth of the mobile substation market size.
Mobile substation market segmentation based on geographic region
With a complete study of the growth opportunities within each major geographical segment, EMEA will account for the highest growth of the mobile substation market throughout the forecast period. The increasing demand for power in the Middle East and Africa and growing investments in renewable power generation sources in Europe are some of the major factors driving mobile substation market growth in this region.
Key highlights of the global mobile substation market for the forecast years 2019-2023:
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the mobile substation market during the next five years
Precise estimation of the global mobile substation market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the mobile substation industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details of factors that will challenge the growth of mobile substation companies
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