Mobile Power Plant Market to Grow at 11% CAGR to Reach $4,052.3 Million by 2027 Led by Key Players Mapna Group, Aggreko, Apr Energy, Metka, Kawasaki Heavy Industries, Pw Power Systems, Solar Turbine, Turbine Technology Services
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 research thoroughly establishes critical Mobile Power Plant Mobile Power Plant Market drivers, well-identified restraints, future opportunities, and ongoing trends of the market with essential statistics to provide precise data in terms of value and volume. The report focuses on the competitive landscape along with the SWOT analysis of some leading company profiles that have a significant impact on global market practices.
The mobile power plant market ecosystem constitutes the following major stakeholders, namely: fuel providers, hardware/equipment providers, solution and service providers, regulatory bodies, and end-users. All these stakeholders are a part of a broader energy value chain, which consists of three major segments, namely fuel sources, power generation, and distribution, and end uses.
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The report actively includes informative aspects relating to product developments, launches, and trends, to assist Mobile Power Plant Market players, shareholders, and investors in strategic decision making. Besides, the report highlights the potential opportunities for the market players and future trends of the market by a logical and calculative study of the past and current market scenario.
Mobile Power Plant Market - Company Profiles
• AGGREKO PLC
• APR ENERGY
• GENERAL ELECTRIC
• KAWASAKI HEAVY INDUSTRIES LTD.
• MAPNA GROUP
• METKA (MYTILENEOS SA)
• PW POWER SYSTEMS LLC
• SIEMENS AG
• SOLAR TURBINE INCORPORATED
• TURBINE TECHNOLOGY SERVICES CORPORATION
New market initiatives were observed as the most adopted strategy in global mobile power plant market. Few of the recent market initiatives are listed below:
2019: Aggreko partnered with National Grid U.S. to complete the installation of a 2 MW/3.8 MWh battery storage system in Pulaski, New York. The system would provide supplementary electricity load relief to the utility’s customers at peak time.
2019: METKA signed a CMP contract with IPTO SA, for the development of Extra High Voltage Center in Corinth. The contract consists of the engineering, procurement of materials and turnkey construction of the EHV GIS 400kV / 150kV in Corinth, equipped with 400/150kV kV GIS equipment installed in buildings, two 400/150/30kV/ autotransformers, 280/280/60MVA each, with the corresponding 30kV, 50MVAr Shunt Reactors, installed outdoor and automatic digital protection and control system
2018: APR Energy installed new power plants in South Australia that would help to defend against summer power outages
2018: PW Power Systems signed a turnkey agreement with Zomet Energy Ltd. to construct a 400-megawatt power plant near Kiryat Gat, Israel. The power plant features six FT4000 advanced technology, aero-derivative gas turbines.
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The report also puts forward the current and future Mobile Power Plant Market scenario derived precisely from a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The exhaustive PEST analysis is done for each region to assess major external factors which may influence the Mobile Power Plant Market in the coming years.
Middle-East and Africa hold the majority revenue share of the mobile power plant market, followed by Asia-Pacific and North America. The fastest growing economies in the Asia-Pacific region are driving the market for the mobile power plant in sectors such as oil & gas, emergency power, and remote area electrification applications. Other developing regions such as the Middle East, Africa, and South America are anticipated to offer significant growth opportunities for mobile power plant market during the forecast period.
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Remote area electrification in developing and underdeveloped regions are expected to drive the growth of mobile power plant market. There are multiple World Bank Group projects running to explore means to provide modern energy services to the billions of people who do not have access to energy in developing countries. The lack of power hampers the social and economic development of these areas. Mobile power plants with advantages such as easy installation, portability, flexibility, affordable cost, and compatibility with multiple fuel sources present a solution for remote and rural area electrification. These mobile power plants are standalone systems mounted on movable vehicles that can be easily moved from one place to another.
The Mobile Power Plant Market study also includes the key drivers expected to boost the market growth and restraining factors along with future opportunities during the forecast. The Mobile Power Plant Market is likely to showcase symbolic growth opportunities owing to growing demands for Mobile Power Plant across the globe. The market report highlights top ten companies’ operation strategy in the market through a descriptive SWOT analysis of each company, business overview, products and services, financial statements of last three years, and key developments and product launches by the company in recent years.
The hardware/equipment providers and vendors include the companies that provide a host of components and hardware required for a mobile power plant. They include manufacturers and vendors of primary motors, electric generators, control panels/consoles, switching apparatus, cable network, auxiliary equipment, automation systems, signaling systems, spare parts, and other electronic components. A large number of solution and service providers of mobile power plant market are operating in the global mobile power plant market.
The solutions and services offered by these providers are integrated as per the specific requirements of the end-users. The service providers provide integration, consulting, and various support services to the end-users.
Based on fuel type, the global mobile power plant market is categorized as natural gas, diesel, and others. Natural gas-based mobile power plants are anticipated to hold the largest market share. The natural gas segment is expected to expand at a swift speed during the forecast period owing to increasing environmental issues and rising investment in gas infrastructure across the world.
The impact of the political, economic, social, and technological factors on the market across these regions help in giving insightful knowledge of the favorable and unfavorable conditions for the major market players including manufacturers, investors, and shareholders.
Key Insights that the report covers:
• Key drivers, restraints, and prevailing trends
• Market size, growth rate, and opportunities
• Market share and position of the top players
• PEST Analysis of the five major regions
• Detailed SWOT analysis of top 10 companies
• Recent developments and new product launches
• Major challenges faced by the market players
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.
The insights also cover the production, value, market share, and growth rate of these top manufacturers and investigate the competitive landscapes for a better understanding of the market scenario. The report is intended to help the readers develop a practical and intelligent approach to market dynamics and exploit opportunities accordingly.
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, Healthcare, Manufacturing, Automotive and Defense.
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