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.
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The key companies operating in the mobile power plant market that profiled in the report include Aggreko Plc., APR Energy, General Electric, Kawasaki Heavy Industries Ltd., Mapna Group, Metka (Mytilineos SA), PW Power Systems LLC, Siemens AG, Solar Turbines Incorporated, Turbine Technology Services Corporation among many others. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.
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.
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.
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
Global Mobile Power Plant Market – By Geography
- North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa
- South America
- Rest of South America
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