Mobile Power Plant Market is Estimated to Reach US$ 4.05 Bn by 2027, Globally
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The List of Companies
• 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
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 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.
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.
The global mobile power plant market is anticipated to exhibit high growth in the near future. Some of the major driving factors contributing to the market growth include increasing demand for electricity in developing regions, deployment of a successful and innovative mobile power plant across geographies. Despite restraining factors such as uncertainty in fuel prices and emission regulations in some countries, the industry is expected to generate substantial demand opportunities in the power sector during the forecast period.
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
Reasons to Buy:
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the mobile power plant market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to components and end user.
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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, Healthcare, Manufacturing, Automotive and Defense.
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