Mobile Power Plant Market: Global Industry Analysis and Forecast (2023-2029)

The Mobile Power Plant Market was valued at US$ 1.19 Bn. in 2022. Global Mobile Power Plant Market size is estimated to grow at a CAGR of 4.6% over the forecast period.
Mobile Power Plant Market Overview:
In comparison to conventional power stations, portable power stations are primarily used for long-term energy supply through capture, storage, and immediate electricity supply while attaining sustainability in areas across the globe. Through peak demand management, transportable power stations give a standard, smarter, and a lot of sturdy power generation infrastructure. Automotive power stations, trailer power stations, mobile low-noise power stations, and mobile container power stations are among the various structures and purposes of the mobile power plant series. The mobile power plant must be dependable, have consistent performance, and be highly adaptable to the natural environment. It must be as small, light, and flexible as possible at the same time. The power plant's structural layout is compact and appropriate, and it's simple to use, repair, and maintain. Standard or mass-produced products should be used in each component for ease of use and interchangeability. It should be complemented with spare parts for its wearing parts.To know about the Research Methodology :- Request Free Sample Report

2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2022 is a year of exception and analysis especially with the impact of lockdown by region.
Mobile Power Plant Market Dynamics:
Growing demand for quick and flexible power generation options:

The demand for short-term additional electricity capacity has increased as industrialization and modernization in developed and developing nations have increased. Countries prone to natural disasters, such as Japan, China, the United States, and India, are investing substantially in mobile power plant solutions, as a result, the mobile power plant market is growing at a significant rate.

The Mobile power Solution is ideal for isolated and rural places or locations that require immediate power. The mobile power plant solution makes use of medium-speed engines that have low fuel consumption and can be installed quickly. Thanks to its fast delivery time and up to 20% higher fuel efficiency than ordinary containerized high-speed engines, it is regarded as the ideal alternative for urgent power demand.

The mobile power market is being driven by rising usage of smart grid services, aging electricity grid infrastructure, and increased use of power in remote locations. Developing countries are ensuring that power is available in all remote areas. Traditional centralized networks are unable to provide basic electricity to underserved areas in a timely and cost-effective manner. The portable power plant market in developing nations such as India and China is expected to grow during the forecast period, due to the possibility for remote and scattered power systems to supply electricity across the globe.

Growing need for mobile power stations across the globe:

Growing concerns regarding CO2 and greenhouse gas emissions have prompted considerable global investments in renewable energy generation. Portable power plants are frequently used to store renewable energy and deliver electricity when needed. As a result, it is expected that the global market for the portable power plant is expected to grow over the forecast period thanks to the technological change toward renewable energy generation. The AC inlet and USB socket on the moveable powerhouse give a reliable power supply. In addition, power stations are popular because they are simple to transfer to remote locations. As a result, an increasing number of customers are prepared to invest in portable power plants for personal use, which in turn, boosts the portable power plant market over the forecast period.

Fluctuating Prices of Fuel restraining the Market Growth:

A lack of awareness of the utility of portable power plants in decreasing energy costs and carbon dioxide emissions in poor nations is expected to hamper the power plant market growth during the forecast period. Grid integration problems and fluctuating fossil fuel prices are also limiting the growth of the mobile power plant market. With limited fuel reserves, the availability of continuous energy fuel through an effective supply chain is another difficulty for the mobile power plant market growth across the globe.
Mobile Power Plant Market Segment Analysis:
Based on the Fuel Type, the Mobile Power Plant Market is segmented into Natural Gas/LPG, Diesel, and Others (HFO, Biofuels, etc.). The Natural Gas/LPG segment held the largest market share, accounting for 48.3% in 2022. The increased investments in distant region electrification, particularly in Sub-Saharan Africa, can be attributed to this segment’s greatest market share. In addition, Natural gas/LPG is clean, efficient, and affordable when compared to other fuels. These benefits of natural gas/LPG is expected to drive the market growth for natural gas-based mobile power plant during the forecasted period.

Based on the Power Rating, the Mobile Power Plant Market is segmented into 1-10 MW, 11-20 MW, and 21-50 MW. The 21-50 MW segment held the largest market share, accounting for 59.2% in 2022. Mobile power plants with a capacity of 21-50 MW are typically used for large projects such as emergency power needs and village or coastal electrification. As a result, the market is expected to boost at a significant rate for this segment.
Mobile Power Plant Market Regional Insights:
The Middle East and Africa (MEA) region held the largest market share accounting for 34.4% in 2022. The region’s growth is attributed to growing investment in providing power supply to remote areas in the African region. In addition, the presence of large oil and gas rigs in the region is driving the power plant market growth. Asia Pacific region is expected to witness rapid growth at a CAGR of 4.8% during the forecast period. The need for power has increased in APAC as a result of rising industrialization and economic development, resulting in the growth of the Mobile Power Plant Market for the APAC region. The Asia Pacific region is home to some of the world's fastest-growing economies, like India and China, which are boosting the Mobile Power Plant Market for applications in oil and gas, emergency power, and remote area electrification.

The objective of the report is to present a comprehensive analysis of the global Mobile Power Plant Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Mobile Power Plant Market dynamic, structure by analyzing the market segments and projecting the Mobile Power Plant Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the Mobile Power Plant Market make the report investor’s guide.
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Mobile Power Plant Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
4.6%
US$ 1.19 Bn
US$ 1.63 Bn


Segments Covered


by Fuel Type
Natural Gas/LPG
Diesel
Others (HFO, Biofuels, etc.)
by Power Rating
1-10 MW
11-20 MW
21-50 MW
by Application
Oil & Gas
Emergency power
Remote area electrification
Others


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Mobile Power Plant Market Key Players
1. General Electric Company
2. Siemens AG
3. Aggreko plc.
4. APR Energy
5. Kawasaki Heavy Industries Ltd.
6. MAPNA Group
7. Meidensha Corporation
8. Metka
9. PW Power Systems, Inc.
10. Solar Turbines, Inc.
11. Turbine Technology Services Corporation
12. Vericor
13. Ethos Energy
14. MWM
15. Goal Zero
16. Jakery
17. Duracell

Frequently Asked Questions:

1. Which region has the largest share in Global Mobile Power Plant Market?
Ans: The Middle East and Africa region held the highest share in 2022.

2. What is the growth rate of Global Mobile Power Plant Market?
Ans: The Global Mobile Power Plant Market is growing at a CAGR of 4.6% during forecasting period 2023-2029.

3. What is scope of the Global Mobile Power Plant market report?
Ans: Global Mobile Power Plant Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Mobile Power Plant market?
Ans: The important key players in the Global Mobile Power Plant Market are – General Electric Company, Siemens AG, Aggreko plc., APR Energy, Kawasaki Heavy Industries Ltd., MAPNA Group, Meidensha Corporation, Metka, PW Power Systems, Inc., Solar Turbines, Inc., Turbine Technology Services Corporation, Vericor, Ethos Energy, MWM, Goal Zero, Jakery, and Duracell

5. What is the study period of this market?
Ans: The Global Mobile Power Plant Market is studied from 2022 to 2029.