Mobile Power Plant Market Size, Share & Forecast to 2027

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)

  • Report Code : TIPEL00002040
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 157
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[Research Report] 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 Lucrative Regional Markets

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

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. 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. 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.

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. 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.   

Rest of Asia Pacific Mobile Power Plant by Application

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Mobile Power Plant Market: Strategic Insights

mobile-power-plant-market
Market Size Value inUS$ 1,619.2 Million in 2018
Market Size Value byUS$ 4,052.3 Million by 2027
Growth rateCAGR of 11.0% from 2019-2027
Forecast Period2019-2027
Base Year2019
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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
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.


Global Mobile Power Plant Market – By Fuel Type

  • Natural Gas
  • Diesel
  • Others

Global Mobile Power Plant Market – By Application

  • Oil & Gas
  • Emergency Power
  • Remote Area Electrification

Global Mobile Power Plant Market – By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • Japan
    • Indonesia
    • Rest of Asia Pacific
  • Middle East and Africa

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America

    • Brazil
    • Rest of South America

Mobile Power Plant Market - Company Profiles

  • AGGREKO PLC
  • APR ENERGY
  • GENERAL ELECTRIC
  • KAWASAKI HEAVY INDUSTRIES LTD.
  • MAPNA GROUP
  • METKA (MYTILENEOS SA)
  • PW POWER SYSTEMS LLC
  • SIEMENS AG
  • SOLAR TURBINE INCORPORATED
  • TURBINE TECHNOLOGY SERVICES CORPORATION
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Fuel Type ; Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. AGGREKO PLC
  2. APR ENERGY
  3. GENERAL ELECTRIC
  4. KAWASAKI HEAVY INDUSTRIES LTD.
  5. MAPNA GROUP
  6. METKA (MYTILENEOS SA)
  7. PW POWER SYSTEMS LLC
  8. SIEMENS AG
  9. SOLAR TURBINE INCORPORATED
  10. TURBINE TECHNOLOGY SERVICES CORPORATION

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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