Press release
Mobile Power Plant Market to 2025 - APR Energy, General Electric, Kawasaki Heavy Industries, Mapna Group, Metka (Mytilineos SA), PW Power Systems, Turbine Technology Services
Mobile Power Plant Market
The Global Mobile Power Plant Market accounted for US$ 1,619.2 Mn in 2018 and is expected to grow at a CAGR of 11.0% during the forecast period 2019 - 2027 to account to US$ 4,052.3 Mn by 2027.
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The key companies operating in the mobile power plant market that profiled in the report 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 many others. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.
With the increasing demand for power across the globe majorly due to industrialization and economic growth, the need for a robust power infrastructure is imminent in these times. The challenge of providing power to remote and inaccessible areas is leading to the rising demand for mobile power plant. A mobile/modular system is easy to install and can be efficiently used for power generation and distribution in such remote areas. Mobile power plants are also widely used as backup power systems in emergencies such as natural disasters. Mobile power plants that use alternative sources of energy are expected to be the future developments in this market in the coming years. Mobile power has applications in multiple fields, including industrial, institutional, commercial, renewable, and electric power.
Increasing demand for electricity in developing regions plays a critical role in the growth of mobile power plant market in the current scenario. With increasing industrialization and economic development in developing regions such as Asia-Pacific, Africa, GCC Countries, and South America, the demand for electricity is growing at an impressive pace.
The ever-rising demand for electric power, which most of the time exceeds the local supply, is one of the key factors driving the mobile power plant market. Moreover, the rate of industrialization and infrastructure development in most of the countries across the world is at a high pace. Mobile power plants are emerging as an alternative solution to the infrastructural needs of these countries, as these are mostly tailored according to end-user requirements. Thus, the application areas in mobile power plant market include; Oil & gas, emergency power, and remote area electrification.
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The report segments the global mobile power plant market as follows:
Global Mobile Power Plant Systems Market - By Fuel Type
Natural Gas
Diesel
Others
Global Mobile Power Plant Market - By Application
Oil & Gas
Emergency Power
Remote Area Electrification
Global Mobile Power Plant Market - By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
UK
Russia
Rest of Europe
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.
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