The global Mobile Power Plant Market is anticipated to exhibit decent growth in the near future. Some of the major driving factors to drive the market growth during the forecast period include increasing demand for electricity in developing regions and successful and innovative mobile power projects worldwide. However, uncertainty in fuel prices and emission regulations in some countries is anticipated to hinder the market growth in the coming years. During the forecast period, increasing demand for natural gas as a clean energy source is expected to be the future trend for the mobile power plant market. Increasing government initiatives and policy efforts for remote area and rural area electrification in various countries are expected to provide ample opportunities for the players operating in the mobile power plant landscape.
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The need for modular and temporary power infrastructure is increasing in remote areas such as coastal areas, hilly areas, and islands. Mobile power plants come as a pre-packaged solution which can be transported anywhere by land, air, or sea, hence it is an ideal solution for remote area electrification. These mobile power plants are highly customizable, so it can be configured based on specific requirements related to loading, frequency, voltage, emission requirements, and available fuel. Some of the major applications of the mobile power plant in rural and remote areas include emergency power, power for remote oil rigs & mining operations, distributed generation or micro-grids, electricity for military operations, construction sites, and emergency power for natural disasters among many others. Governments in various developing countries like India and China are taking numerous initiatives for rural and remote area electrification.
Geographically, Middle-East and Africa (MEA) hold the majority revenue share of the mobile power plant market, followed by Asia-Pacific and North America. The fast growth and adoption in Asia-Pacific are primarily driven by the growing demand of mobile power plant in oil & gas, emergency power, and remote area electrification application. Other developing regions in MEA and South America are anticipated to offer significant growth opportunities for mobile power plant market during the forecast period owing to the supportive government initiatives to boost industrialization and power sector in these regions. Moreover, the growing demand of mobile power due to increasing industrialization, remote/rural electrification, and emergency power requirements is gaining significant traction among various end-users worldwide, and it is expected to drive the market growth in the coming years.
The major players operating in the mobile power plant market include Aggreko Plc., APR Energy, General Electric, Kawasaki Heavy Industries Ltd., Mapna Group, Metka (Mytilineos SA), PW Power Systems LLC, Siemens AG, Solar Turbines Incorporated, Turbine Technology Services Corporation among others.
The report segments the global mobile power plant market as follows:
GLOBAL MOBILE POWER PLANT SYSTEMS MARKET – BY FUEL TYPE
- Natural Gas
GLOBAL MOBILE POWER PLANT MARKET – BY APPLICATION
- Oil & Gas
- Emergency Power
- Remote Area Electrification
GLOBAL MOBILE POWER PLANT MARKET – BY GEOGRAPHY
- North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa
- South America
- Rest of South America
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