2027 Mobile Power Plant Market Attractiveness, Competitive Landscape and Key Players Aggreko, APR Energy, General Electric, Kawasaki Heavy Industries, Mapna Group, Siemens AG, Solar Turbines Incorporated and Turbine Technology Services

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.

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.

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.

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Top Dominating Key Players:

1. Aggreko Plc.
2. APR Energy
3. General Electric
4. Kawasaki Heavy Industries Ltd.
5. Mapna Group
6. Metka (Mytilineos SA)
7. PW Power Systems LLC
8. Siemens AG
9. Solar Turbines Incorporated
10. Turbine Technology Services Corporation

Increasing Remote Area and Rural Area Electrification is anticipated to stimulate the Demand

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.

Segment by Fuel Type Insights

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 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

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• Envision the restrictions and restrains that are likely to hamper the market.

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This release was published on openPR.