Dublin, Feb. 09, 2021 (GLOBE NEWSWIRE) -- The '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)' report has been added to ResearchAndMarkets.com's offering.
The 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% during 2020-2027
Substations play a significant role in the transmission and distribution of electrical power across the grid. Mobile substations are used in case of any power outage in the transmission and distribution of electrical power. Companies such as General Electric offer mobile substations that help end user in off-line events, and maintain grid safety and functionality.
The mobile substation is prefabricated, preassembled, and pre-commissioned with a compact design; therefore, it can be transported and installed in minimal time and on-site work. Customers can use mobile substation without investing in its procurement and maintenance as these substations are generally available on lease.
Presently, the utilities sector is facing critical difficulty to meet the regulatory mandates and consumer requirements. Thereby, it is aiming to lower the adverse effects on the environment. Emergency mobile substations are a revolutionary solution for providing temporary power supplies and interim grid connections.
Also, these substations are incrementally finding applications during the planned or emergency outages of power supply and in the integration of renewable or distributed generation. The diverse application areas under utilities cover distribution and transmission, renewables, and smart grid solutions.
Impact of COVID-19 Pandemic on Emergency Mobile Substation Market
The ongoing COVID-19 pandemic is bringing long-term disruptions across several major processes and 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 and reduced demand from end-use industries are restraining the overall market revenue for the emergency mobile substation market, resulting in a decline in the market growth during the coming few years.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Emergency Mobile Substation Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Emergency Mobile Substation Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Need for Instantaneous Power during Emergencies
5.2 Market Restraint
5.2.1 Lack of Appropriate Equipment in Undeveloped Regions
5.3 Market Opportunity
5.3.1 Rising Growth Potential in Rural Areas
5.4 Market Trend
5.4.1 Integration with advanced technologies in the future
5.5 Impact Analysis of Drivers and Restraints
6. Emergency Mobile Substation Market - Global Analysis
6.1 Global Emergency Mobile Substation Market Overview
6.2 Emergency Mobile Substation Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Key Players
7. Emergency Mobile Substation Market Analysis - By Component
7.1 Overview
7.2 Emergency Mobile Substation Market Breakdown, By Component, 2019 & 2027
7.3 Switchgear
7.4 Transformer
7.5 Surge Arresters
8. Emergency Mobile Substation Market Revenue and Forecast to 2027 - Application
8.1 Overview
8.2 Emergency Mobile Substation Market Breakdown, By Application, 2019 & 2027
8.3 Utilities
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
8.4.3 Oil & Gas
8.4.4 Metals & Mining
9. Emergency Mobile Substation Market - Geographic Analysis
10. Emergency Mobile Substation Market - COVID-19 Impact Analysis
10.1 Overview
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Key Facts
12.2 Business Description
12.3 Products and Services
12.4 Financial Overview
12.5 SWOT Analysis
12.6 Key DevelopmentsAZZ Inc.
- Powell Industries Waynesville Nc
- Drivers Powell Industries Jobs
- Drivers Powell Industries Group
- Powell Industries Tukwila
- Powell Industries Investor Relations
- 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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For more information about this report visit https://www.researchandmarkets.com/r/b2ao7q
A leading research firm MR Accuracy Reports added a recent report on “Global Switchgears Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020-2026” to its research database. The Switchgears comprehensive is perceptible among the most immensely gathered market globally. The Switchgears report gives the exchange information and the progressing business chain information in the overall market.
The global Switchgears market is valued at US$ xx million in 2020 is expected to reach US$ xx million by the end of 2026, growing at a CAGR of xx% during 2021-2026.
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The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Powell Industries Waynesville Nc
The major players in the market include ABB, Alstom, Eaton, General Electric, Mitsubishi Electric, Nr Electric, Powell Industries, TE Connectivity, Toshiba, Schneider Electric, Siemens, Bharat Heavy Electricals, Hitachi, Crompton Greaves, Hyosung, Hyundai Heavy Industries
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Global Switchgears Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Switchgears market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Drivers Powell Industries Jobs
Global Switchgears Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
Drivers Powell Industries Group
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Powell Industries Tukwila
Powell Industries Investor Relations
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, Asia-Pacific, South America, Middle East and Africa.