Global Mobile Power Plant Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Mobile Power Plant Market Overview:

“The global Mobile Power Plant Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Request Covid - 19 Impact

In such cases, power is and has proved to be the most vital need of the hour to minimize damage and loss of life. Mobile power plants are field-proven systems, completely packaged, and can be rapidly delivered and installed anywhere. In addition, considering the varying situations and circumstances, such systems have been known to emerge as most cost-effective, fast to deploy, and an energy-efficient option.

Market Dynamics:

Increasing occurrences of unprecedented and serious natural disasters is among some of the major factors expected to continue to drive growth of the global mobile power plant market. In addition, demand for electricity has been increasing in remote, rural, and even urban areas, and this, coupled with changing energy landscape and need for flexible power systems and energy-efficient power systems are among other factors projected to drive growth global market growth to certain extent.

However, non-availability or energy resources, or difficult to traverse terrain to reach fuel to where mobile power plants are installed in remote areas is a major factor that can restrain growth of the global mobile power plant market to some extent.

Furthermore, rising need for and focus on renewable energy resources is a robustly emerging and growing trend in the global mobile power plant market.

Segment Analysis

By Fuel Type:

Among the fuel type segments, the natural gas/LPG segment is expected to account for majority revenue share and register the highest CAGR in the global mobile power plant market. This projected growth is attributed to properties of natural gas such as being more affordable, cleaner, and highly efficient as compared to other fuels.

By Application:

Among the application segments, the emergency power segment is projected to register a significant growth rate in the target market.

By Rating:

Among the power rating segments, the 21–50 MW segment is projected to dominate the global market, and register a highest CAGR in the target market.

Region Analysis

The Middle East & Africa market is estimated to register highest revenue share owing to growing investments in remote area of the Sub-Saharan African region for electrification purposes. In addition, robust presence of onshore oil & gas rigs, especially in the Middle East, is expected to drive market growth. The market in North America is projected to account for reasonably high revenue share in the global market; attributable to presence of major oil and gas industry players in this region.

Asia Pacific market is projected to register significant growth rate in terms of revenue owing to high consumption of electricity, coupled with increasing number of power plants in countries such as India, China, Indonesia, and Australia and in the region.

Global Mobile Power Plant Market Segmentation

Segmentation by Fuel Type:

• Natural Gas/LPG
• Diesel
• Others

Segmentation by Application:

• Emergency power
• Oil and gas
• Remote area electrification
• Others

Segmentation by Power Rating:

• 1–10 MW
• 11–20 MW
• 21–50 MW

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa