Global mobile substation market to reach $1.44 B by 2025

Global mobile substation market 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 study.

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Factors such as time saving, easy installation, and flexible solution have been driving the global mobile substation market. On the other hand, high maintenance of mobile substation might act as a restraint for the overall market at a global level.

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

The regions covered in this report are: North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America, Middle East.

Source: Business Intelligence