Mobile Power Plant Market Size, Share & Trends Report

Mobile Power Plant Market Size, Share & Trends Analysis Report By Application, By Regional Outlook, By Competitive Strategies, And Segment Forecasts, 2019 To 2026

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  • Report ID: GVR5571
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The global mobile power plant market is expected to experience significant growth over the coming years owing to increasing oil drilling and construction activities. Mobile power plants are usually thermal electric units in which all the equipment are 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.

Ever-rising demand for electric power, which most of the time exceeds the local supply, is one of the key factors driving the market. Moreover, the rate of industrialization in most of the countries across the world is so rapid that slow growth in infrastructure is not a feasible option. In current scenario, fast generation along with quick delivery is factored in while deciding on power sources. Mobile power plants are emerging as a fitting solution to infrastructural needs of these countries, as these are mostly tailored according to end-user requirements.

Higher levels of economic growth and expected improvements in the standards of living are poised to help the market gain traction over the coming years, especially in developing countries. Growing population base in emerging economies such as India and China are translating into greater requirement for modern infrastructure and mobile power plants.

Rise in the prominence of renewable energy sources over the past few years has resulted in increased focus on improvement of technologies and associated processes concerning renewable power generation. Also, government incentives in many countries are promoting installation of particular facilities to reduce harmful emissions and guarantee efficient power supply in many countries. This is further increasing installation of mobile facilities.

Mobile power plants are being increasingly acknowledged for their ability to deliver energy to regions that need to develop in less time span. These facilities meet the short-term demand for additional capacity requirement in developed regions. Such short-term requirements may include rapidly rising demand for air conditioning units, which may result in load peaks in urban centers.

In a mobile electric power plant, the main equipment is generally installed on a tracked vehicle or truck on single or multiple railroad flatcars, trailers, or self-propelled chassis. By fuel type, the market can be categorized into diesel and natural gas/LPG power plants. On the basis of power rating, the mobile power plant market can be divided into 1-10 MW, 11-20 MW, and others. These plants are generally deployed in application areas such as remote area electrification, oil & gas, and for emergency supply.

In a mobile power plant, a temporary power system is interconnected to grid to meet specific requirements of different industrial projects. Each of such project is unique; has different requirements and grid connections. Thus, it is essential to work with a third-party generation provider, which also has in-house technical expertise. This is necessary so that these plants can be designed in a way that they are optimized for the most difficult conditions, as not all type of construction equipment can be used in these stations.

The Middle East & Africa is expected to a promising destination for global players in the mobile power plant market due to increasing investments in remote area electrification and growing access to low-cost fuel sources. Countries such as Russia, which have flourishing oil and gas industry, are also likely to witness noteworthy growth in mobile power plants.

The global mobile power plant market constitutes a large number of players. Several companies are turning to mobile power generation to guarantee efficient supply to consumers during any stationary unit outages. Some of the key market players are GE, APR Energy, Siemens, PW Power Systems, Kawasaki Heavy Industries, Turbine Technology Service, Metka, Solar Turbines, Mapna, Vericor, Meidensha, and Ethos Energy.

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