The Mobile Substation Market is expected to grow from an estimated USD 789.3 Million in 2018 to USD 1,136.9 Million by 2023, at a CAGR of 7.57% between 2018 and 2023. The mobile substation is also known as portable substation or compact powerhouse. The mobile substation is a considerably cost-effective and time-saving solution than the full-fledged power substation built on-site. For instance, in areas where the resource availability (in term of product, manpower, and space) is limited for a typical on-site substation, a mobile substation is the best solution to offset these hindrances. Key Players in this market are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and MEIDENSHA (Japan).
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Siemens (Germany) is one of the pioneering technology providers for the industrial, manufacturing, and power utilities sectors. The company possesses diversified product portfolio along with an extensive geographic footprint. The company has expertise in developing various electrical products and solutions which include switchgears, transformers, bus bar trucking systems, and other equipment. Thus, backward integration helps the company to gain competitive advantages in the mobile substation market. Recently in 2016, Siemens received a contract from the South Korean company, LSIS to provide 10 power transformers for mobile substations in Iraq. The total value of this contract was around USD 5 million. Moreover, Siemens signed a contract with National Grid SA, which is a transmission operator of Saudi Electricity Co. Under this contract, Siemens is expected to deliver 2 high voltage mobile substations for the utilities application in Saudi Arabia.
General Electric (GE) offers mobile substations for various applications. GE is a multinational conglomerate company. It focuses on inorganic strategies, such as geographical expansions. Recently, in November 2017, General Electric signed a contract of worth USD 40 million with Iraq. Under this contract, General Electric is expected to develop Iraq’s power infrastructure. GE has supplied mobile substations for various projects which include utilities and industrial applications. GE has supplied mobile substations to various end users in Spain for utilities applications, such as Gas Natural Fenosa, E.ON, and Iberdrola.
ABB (Switzerland), Powell Industries (US), WEG (Brazil), TGOOD (Hong Kong), NARI Group (China), Aktif Group (Turkey), Delta Star (US), Atlas Electric (US), Matelec Group (Lebanon), Unit Electrical Engineering (UEE) (Canada), and Efacec (Portugal), among the others contribute significantly to the Mobile Substation Market. Contracts was the key strategy adopted by various players in the Mobile Substation Market.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
