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The mobile power plant market was valued at USD 1.27 Billion in 2016 and is estimated to grow at a CAGR of 4.56% from 2017 to 2022, to reach a market size of USD 1.73 Billion by 2022.
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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 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. Browse 69 Tables and 37 Figures spread through 121 Pages and in-depth TOC on "Mobile Power Plant Market“ https://www.marketsandmarkets.com/Market-Reports/mobile-power-plant-market-82918785.html Early buyers will receive 10% customization on reports. The report further segments the market by application 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. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=82918785 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). 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.
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