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Mobile Power Plant Market to exceed $1.73 Billion by 2022

08-03-2021 07:05 AM CET | Energy & Environment

Press release from: MarketsandMarkets

Mobile Power Plant Market to exceed $1.73 Billion by 2022

The global mobile power plant market is projected to grow at a CAGR of 4.56% from 2017 to 2022, to reach USD 1.73 Billion by 2022. This growth is primarily driven by the lack of power infrastructure, increasing demand for electricity in remote locations, frequent natural disasters, and an increase in onshore oil rigs. The Middle East & Africa region is estimated to hold the largest share of the mobile power plant market. The Asia Pacific region held the second largest market share in 2016.

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The mobile power plant market application segments into oil & gas rigs, emergency power, remote area electrification, and others. Emergency power is estimated to be the largest segment of the market, by value. Frequent natural disasters in countries such as Japan, China, US, and India are expected to drive the emergency power market during the forecast period.

Middle East & Africa: The largest market in mobile power plant
The Middle East & Africa region is projected to be the largest market for mobile power plant. The market growth in this region can be attributed to increasing investments in remote area electrification in the Sub-Saharan African region and development of oil & gas sector in the region. Asia Pacific is estimated to be the fastest growing market during the forecast period. Increasing investments in coastal area electrification in Southeast Asia and increasing number of natural disasters in India, Japan, and China would boost the market of mobile power plant in the future.

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21-50 MW is estimated to be the largest segment of the mobile power plant market, by power rating, 21-50 MW mobile power plants are mainly used for large projects such as electrification of village or coastal areas and emergency power requirement. Countries such as Indonesia, Angola, Nigeria, and India are showing rapid growth in the 21-50 MW mobile power plant segment due to the recent increase in demand for electricity in remote areas.

The key players in this mobile power plant market include GE (US), Siemens (Germany), APR Energy (US), Kawasaki Heavy Industries (Japan), PW Power Systems (US), Metka (Greece), Solar Turbines (US), Turbine Technology Services (US), Vericor (US), Mapna (Iran), Meidensha (Japan), and Ethos Energy (UK).

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
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Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com

About MarketsandMarkets™:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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