Mobile substation market to reach $1.44 B by 2025

Global mobile substation market was valued at $820 M in 2017 and is projected to reach $1.44 B by 2025, growing at a CAGR of 7.4% from 2018 to 2025 according to Verified Market Research.

The market is largely fragmented and the vast majority of the players functioning in the global mobile substation market are taking steps to raise their market footprint, by concentrating on product diversification and development, therefore making them seize a larger share of the market.

The key players in the market are as follows: ABB, Siemens, Eaton, General Electric, CG Power, WEG, Tgood, Powell Industries, Elgin Power Solutions.

Global mobile substation market geographic scope consists of: North America (U.S., Canada, Mexico), Europe (Germany, UK, France), Asia Pacific (China, Japan, India), Latin America (Brazil)

Source: Market Research Gazette