Mobile Transformer Rental Market: Overview
- Mobile transformer is a specifically designed transformer installed on a mobile substation trolley. Mobile substation is a trailer-mounted substation, which consists of a power transformer, surge arresters, protection and control equipment, switchgear, AC and DC auxiliary power, and control systems. It can be installed in a limited space, since it is trailer-mounted. Furthermore, it can be easily relocated.
- Transformer is a major equipment in a mobile substation. It is costlier than any other equipment. The primary criteria of designing a mobile transformer is to maintain all the required parameters of the transformer within specific limit. Companies need to strive to reduce size, weight, and cost of the transformer; and increase its compactness.
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Key Drivers of Mobile Transformer Rental Market
- The primary purpose of using mobile substations is to guarantee quick restoration of power supply after any major fault. Substations play a vital role in transmission and distribution of electric power across the grid. Interruption can be caused by a number of events outside the control of utilities, grid operators, and industries. These include equipment breakdown and natural events such as lightning, flood, and earthquake. Interruption can be planned for operational requirements such as maintenance and refurbishment. Hence, demand for mobile substations rental is high in order to keep the grid operational and safe. This is boosting the mobile transformer rental market.
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Utilities Application Segment to Offer Lucrative Opportunities
- The global mobile transformer rental market can be segmented based on type, power rating, application, and region. In terms of type, the market can be segregated into single-phase mobile transformer and three-phase mobile transformer. The three-phase distribution transformer segment accounted for dominant share of the market in 2018.
- Based on power rating, the global mobile transformer rental market can be divided into up to 10 MVA, 11 MVA–25 MVA, and above 25 MVA. The above 25 MVA segment dominated the global mobile transformer rental market in 2018. It is projected to expand at a rapid pace during the forecast period. Mobile substations with above 25 MVA power rating are suitable for all applications (including infrastructure and industrial). Hence, the segment is expanding at a rapid pace.
- Based on application, the global mobile transformer rental market can be segmented into utilities, infrastructure, industrial, and others. The utilities segment dominated the global market in 2018. It is projected to be a rapidly expanding application segment during the forecast period. Infrastructure is another important application segment of the market. It is estimated to expand significantly during the forecast period. Growth in investment in the global infrastructure sector is estimated to drive the global mobile transformer rental market.
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Europe Expected to Hold Major Share of Global Mobile Transformer Rental Market
- Based on region, the global mobile transformer rental market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
- Middle East & Africa was the major region of the global mobile transformer rental market in 2018. It is rich in natural resources such as oil, gas, and metals. Significant growth in oil & gas and mining activities is boosting the demand for mobile transformer and substations in the region. In June 2018, ABB received orders from the Ministry of Electricity of Iraq to deliver five fixed and 15 mobile 132-kV substations to strengthen the power grid and provide electricity to central parts of Iraq.
- Asia Pacific is another vital region of the global mobile transformer rental market. Demand for power in the region has increased substantially due to the rise in population and growth of the industrial sector. This has resulted in higher need for proper power transmission and distribution to ensure uninterrupted power supply. Mobile transformer rental can offer a cost-effective solution in this regard.
Key Players in Mobile Transformer Rental Market
The global mobile transformer rental market is highly concentrated, with top manufacturers accounting for approximately 40% to 45% share. Key players operating in the global mobile transformer rental market include:
- TecQuipment Ltd
- CG Global
- Delta Star Inc.
- Jordan Transformers
- Elgin Power Solutions
- Atlas Electric, Inc.
- Sunbelt Transformer, Ltd.
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