Performance of end-users in the global mobile substation market

The global mobile substation market is expected to grow at a CAGR of 7.30% during the forecast period. Based on the end-user, the global mobile substation market has been segmented into industrial and commercial.

The focus of the industrial sector is to fast-track the commissioning of projects without incurring any downtime. This is particularly important in energy-insensitive industries such as oil and gas, metals and mining, chemical and petrochemical, and the power industry. These industries are characterized by the presence of infrastructure that is highly energy insensitive, which needs continuous and large amounts of power.

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The power industry is the major end-user of mobile substations among all industries where substations are extensively used in transmission and distribution. In industries such as oil and gas, there has been an increase in demand for mobile substations in remote locations where its is difficult to set up conventional substations. The use of mobile substations provides upstream oil and gas operators the flexibility to move the substations from one oil or gas field to another. Hence, the industrial segment of the global mobile substation market is expected to grow during the forecast period.