The Mobile Power Plant market is projected to grow at a CAGR of 4.06% to reach US$1.463 billion by 2024, from US$1.152 billion in 2018. The growing demand for electricity across the globe is the major driver of the mobile power plant market. High investment in infrastructure development and a rising rate of industrialization is boosting the need for fast electricity generation which is further contributing to the growing demand for mobile power plants.
Rising short-term demand for air conditioning units is increasingly resulting in load peaks in urban areas which are also augmenting the demand for mobile power plants to meet additional capacity requirements. This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the mobile power plant value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the mobile power plant market.
Major industry players profiled as part of the report are GE, APR Energy, Siemens AG, MYTILINEOS SA., PW Power Systems LLC, and Kawasaki Heavy Industries, Ltd among others.
The Mobile Power Plant market has been analyzed through following segments:
By Fuel Type
Oil and Gas
Remote Area Electrification
By Power Rating
Middle East and Africa
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