Siemens AG was awarded a contract by The Ministry of Electricity (MoE) of the Republic of Iraq on December 2023. Under the agreement, Siemens Energy is expected to deliver five High Voltage Substations in Iraq.
In Feb 2023, ABB Limited unveiled new series meters M1M11, M1M DS, M1M 20B and M1M 30B for digital panel meters. With them, users can monitor power usage and analyze power quality and submetering needs in residential and commercial buildings at an affordable cost.
Aktif Elektroteknik A.S. combined its subsidiary companies-Aktif Engineering, Aktif Compensation, Aktif Power Components and Aktif Electrotechnics into one under the umbrella name Aktif Elektroteknik in January 2023. By consolidating all these existing resources that are scattered across their companies, the Aktif Group is heavily investing in R&D, production, service as well as technology transfer.
Delta Star Inc. announced on May 2023 that it would expand its operation in Lynchburg, Virginia, with a greater emphasis on establishing headquarters operation in the City of Lynchburg. The firm will invest $30.2 million to construct additional manufacturing space totaling 80,000 square feet together with a corporate building occupying approximately 14,000 square feet while providing 149 jobs for the city.
In May 2023, TP Southern Odisha Distribution Limited (TPSODL), which aims to provide dependable power supply to consumers through innovative solutions and a path of excellence, installed mobile substations in all circles.
In February 2022, Zest WEG teamed up with Robustrade to design and construct one of South Africa’s largest mobile substations ever built. This comes with three trailers that contain equipment enabling the end user to step down power from the main national grid at different geographical points whenever required.
Mobile substations are useful for emergency response as backup units. They can also be helpful in cases where energy distribution requires to be provided or reinstated in a short period. The mobile substation market is fragmented, with many small and mid-size companies that supply products for utility applications and primarily serve local markets. Transportability, short startup and commissioning time, diminished mechanical footprint, and non-requirement of construction work are some of the key benefits expected to drive the growth of mobile substations during the forecast period.
Mobile substations are utilized both in utilities and industrial applications. Planned maintenance, disaster response, the rapid expansion of transmission capacity are some uses wherein the mobile substation has delivered proven outcomes for utilities. The mobile substation is an apt solution to provide a temporary power supply during unplanned repairs. Moreover, mobile substations can reduce or even eliminate the need for extended electricity outages during planned maintenance. Thus the utility application is expected to grow during the forecast period.
The Middle East & Africa account for the largest market share, followed by the Americas, and are also expected to grow at the highest CAGR during the forecast period. Middle East & Africa regions are abundant in natural resources, such as oil & gas and metals & mining. Africa is an untapped market for energy resources.
Intended Audience
- Investors and Venture Capital Firms
- Integrated Device Manufacturers (IDMs)
- Electric Hardware Equipment Manufacturers
- Assembly and Packaging Vendors
- Companies in the Electric Utilities Sector
- Analysts and Strategic Business Planners
- Governments, Financial Institutions, and Investment Communities
- Forums, Alliances, and Associations
