Successful and Innovative Mobile Power Projects in Developing Nations is Expected to Fuel the Future Demand
Latest market study on “Mobile Power Plant Market to 2027 by Fuel Type (Natural Gas, Diesel, and Others); Application (Oil & Gas, Emergency Power, and Remote Area Electrification) and Geography- Global Analysis and Forecast”, The Mobile Power Plant Market is estimated to reach US$ 4.05 Bn by 2027 from US$ 1.62 Bn in 2018. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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.
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.
The report segments the global mobile power plant market as follows:
Global Mobile Power Plant Systems Market - By Fuel Type
Global Mobile Power Plant Market - By Application
Global Mobile Power Plant Market - By Geography
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