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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.
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Mobile Power Plant Market Mobile Power Plant Market to 2027 - Global Analysis and Forecasts by Fuel Type (Natural Gas, Diesel, and Others); Application (Oil & Gas, Emergency Power, and Remote Area Electrification)
Mobile Power Plant Market Current and future Market Scenario The Global Mobile Power Plant Market accounted for US$ 1,619.2 Mn in 2018 and is expected to grow at a CAGR of 11.0% during the forecast period 2019 - 2027 to account to US$ 4,052.3 Mn by 2027. Middle-East and Africa hold the majority revenue share of the mobile power plant market, followed by Asia-Pacific and North America. The fastest growing economies in the Asia-Pacific region are driving the market for the mobile power plant in sectors such as oil & gas, emergency power, and remote area electrification applications. Other developing regions such as the Middle East, Africa, and South America are anticipated to offer significant growth opportunities for mobile power plant market during the forecast period. Increasing demand for electricity in developing regions plays a critical role in the growth of mobile power plant market in the current scenario. With increasing industrialization and economic development in developing regions such as Asia-Pacific, Africa, GCC Countries, and South America, the demand for electricity is growing at an impressive pace.
Mobile Power Plant Market Factors Contributing to Market Growth The global mobile power plant market is anticipated to exhibit high growth in the near future. 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. The mobile power plant market ecosystem constitutes the following major stakeholders, namely: fuel providers, hardware/equipment providers, solution and service providers, regulatory bodies, and end-users.
Key Findings All these stakeholders are a part of a broader energy value chain, which consists of three major segments, namely fuel sources, power generation, and distribution, and end uses. The hardware/equipment providers and vendors include the companies that provide a host of components and hardware required for a mobile power plant. They include manufacturers and vendors of primary motors, electric generators, control panels/consoles, switching apparatus, cable network, auxiliary equipment, automation systems, signaling systems, spare parts, and other electronic components. A large number of solution and service providers of mobile power plant market are operating in the global mobile power plant market. The solutions and services offered by these providers are integrated as per the specific requirements of the end-users. The service providers provide integration, consulting, and various support services to the end-users. Increasing Remote Area and Rural Area Electrification is anticipated to stimulate the Demand 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.
Mobile Power Plant Market Market Segments Geography North America Europe Asia Pacific (APAC) Middle East and Africa South America Type (Natural Gas, Diesel) Application (Oil & Gas, Emergency Power, and Remote Area Electrification)
Mobile Power Plant Market Dominating Segments Segment by Fuel Type Insights 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. Segment by Application Insights 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.
Dominating Segments 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. Strategic Insights New market initiatives were observed as the most adopted strategy in global mobile power plant market. Few of the recent market initiatives are listed below: 2019: Aggreko partnered with National Grid U.S. to complete the installation of a 2 MW/3.8 MWh battery storage system in Pulaski, New York. The system would provide supplementary electricity load relief to the utility’s customers at peak time. 2019: METKA signed a CMP contract with IPTO SA, for the development of Extra High Voltage Center in Corinth. The contract consists of the engineering, procurement of materials and turnkey construction of the EHV GIS 400kV / 150kV in Corinth, equipped with 400/150kV kV GIS equipment installed in buildings, two 400/150/30kV/ autotransformers, 280/280/60MVA each, with the corresponding 30kV, 50MVAr Shunt Reactors, installed outdoor and automatic digital protection and control system
Dominating Segments 2018: APR Energy installed new power plants in South Australia that would help to defend against summer power outages 2018: PW Power Systems signed a turnkey agreement with Zomet Energy Ltd. to construct a 400- megawatt power plant near Kiryat Gat, Israel. The power plant features six FT4000 advanced technology, aero-derivative gas turbines.
Mobile Power Plant Market Leading Players • 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.
Graphical Representation Exhibit: Lucrative Regional Markets
Graphical Representation Exhibit: Gunshot Detection System Market, by Installation
Gunshot Detection System Market Mobile Power Plant Market
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