Mobile Power Plant Market Projected to Deliver Greater Revenues during the Forecast Period

SDKI Inc. published a new research report on "Mobile Power Plant Market-Global Forecast 2030". The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109481

The mobile power plant market is estimated to grow from a market value of US $ 1.73 billion in 2022 to US $ 2.36 billion by 2030, with a CAGR of 4.56% during the forecast period.

Growth in this market is expected to be due to increased electrification in remote areas, frequent natural disasters around the world, and increased oil and gas rigs on land. Increasing demand for uninterruptible power supplies in off-the-grid regions is expected to drive the growth of the global mobile power plant market. Mobile power plants are cost-effective and provide highly efficient and safe electricity. These features of mobile power plants make their adoption preferable to alternative technologies. In addition, innovations in the design of mobile power plants to optimize efficiency are also projected to drive growth in this market. Growth in investment in the development of floating power plants used to power coastal areas is also expected to contribute to the growth of the mobile power plant market during the forecast period. However, emission control concerns imposed by various agencies are a major challenge faced by players in this market.

Market segment

mobile power plant market is by fuel type (natural gas / LPG, diesel), power rating (1-10 MW, 11-20 MW, 21-50 MW), and application (oil / gas, emergency power). , Remote electrification), and divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

The remote electrified segment is expected to grow at the largest CAGR between 2022 and 2030.

Based on the application, the remote electrified segment is estimated to grow at the largest CAGR in the mobile power plant market during the forecast period. The increasing electrification of remote areas worldwide underscores the need to develop on-site power generation systems. Centralized power generation systems require huge capital investment, which is not feasible in the rural and coastal regions of the world. Therefore, the demand for on-site high-speed power generation solutions such as mobile power plants is increasing due to the electrification of remote areas.

Based on fuel type, the natural gas / LPG segment is expected to be the largest segment in the mobile power plant market.

The natural gas / LPG segment is estimated to hold the largest share of this market and is expected to grow at a decent pace during the forecast period. Natural gas is considered a cheap and clean fuel. This is a major driver of growth in this segment. The IEA predicts that natural gas will build a stronger foothold in countries such as China and India in South and East Asia. This is expected to drive growth in this segment.

Regional Overview

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia Pacific region is estimated to be the fastest growing region of the mobile power plant market during the forecast period. Market growth in the region may be due to recent developments in remote geoelectricity in Indonesia, India and Australia. Increasing the number of natural disasters could also boost demand for mobile power plants in the region during the forecast period. In addition, the increase in the number of onshore oil and gas rigs is expected to further increase the demand for mobile power plants in the coming years.

For more detailed analysis, each region is further divided into countries:
Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
North America (US and Canada)
Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
Latin America (Brazil, Mexico, Argentina, and other Latin America)
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Key players in the market

Key players in the mobile power plant market include GE (US), Siemens (Germany), APR Energy (US), Kawasaki (Japan), PW Power Systems (US), Metka (Greece). And so on. The survey includes a detailed competitive analysis of these key companies in the mobile power plant market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/reports/mobile-power-plant-market/109481

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This release was published on openPR.