A recent report published by Infinium Global Research on mobile power plant market provides in-depth analysis of segments and sub-segments in the global as well as regional mobile power plant market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mobile power plant market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global mobile power plant market. According to the report, the global mobile power plant market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
Mobile power plants are generally thermal electric units in which all the equipment is mounted on transport vehicles. They are mostly used in places, such as exploratory drilling rigs, railroad construction, and logging operations, where the primary power source is not available for a particular time period.
Increasing demand for electric power is one of the major drivers for the growth of the mobile power plant market across the globe. The other key factor driving the growth of the market is the high frequency of natural disasters. The growing incidence of natural disasters such as floods, earthquakes, and storms are leading to power cuts and blackouts. So, countries lying to such situations are spending heavily in mobile power solutions to provide backup power in case of any emergency. Thus, the demand for quick and flexible power generation options is rising across the globe. However, uncertainty in fuel prices and emission regulations in some countries are some major factors that may hamper the growth of the market over the forecast period. Moreover, higher levels of economic growth and improvements in the standards of living are expected to create beneficial growth opportunities for the market over the coming years.
The Middle East & Africa holds the maximum market share in the mobile power plant market over the forecast period due to the presence of a large number of oil and gas fields in the region. Rising exploration activities in the region, the low electrification rate also helps the market growth in the region. Furthermore, minimal presence of grid infrastructure in the region, especially in African where off-grid power generation solutions form a major chunk of power supply. The Asia Pacific is anticipated to develop at a faster rate over the forecast period. This is primarily attributed to the growing investments in the oil & gas industry, especially China and India, along with increasing demand for power in the region.
The report on the global mobile power plant market covers segments such as power capacity, fuel type, and end user. On the basis of power capacity, the sub-markets include 10 MW, 11 MW-20 MW, and above 20 MW. On the basis of fuel type, the sub-markets include natural gas, diesel, and other fuel types. On the basis of end user, the sub-markets include emergency power, oil and gas, remote villages and communities, and other end users.
The report provides profiles of the companies in the market such as APR Energy, Siemens, PW Power Systems, Kawasaki Heavy Industries, Turbine Technology Services Corporation, Solar Turbines Incorporated, MAPNA Group, Vericor, MEIDENSHA CORPORATION, and EthosEnergy.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the mobile power plant market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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