The global mobile substation market is poised to grow by $309.71 M during 2019-2023, progressing at a CAGR of more than 7% during the forecast period according to Technavio.
The market is driven by the need for substations in oil and gas fields located in remote areas. In addition, the rise in demand for solar and wind power is anticipated to boost the growth of the mobile substation market.
The key players in the market are: ABB, CG (Avantha Group), Eaton, General Electric and Siemens.
The regions covered in this report are: North and South America, APAC and EMEA.
Source: Business Wire