The global mobile
power plant market is projected to grow at a CAGR of 4.56% from 2017 to
2022, to reach USD 1.73 Billion by 2022. This growth is primarily driven by the
lack of power infrastructure, increasing demand for electricity in remote
locations, frequent natural disasters, and increase in onshore oil rigs. The
Middle East & Africa region is estimated to hold the largest share of the
mobile power plant market. The Asia Pacific region held the second largest
market share in 2016.
The report further
segments the market by application into oil & gas rigs, emergency power,
remote area electrification, and others. Emergency power is estimated to be the
largest segment of the market, by value. Frequent natural disasters in
countries such as Japan, China, US, and India are expected to drive the
emergency power market during the forecast period.
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Middle East &
Africa: The largest market in mobile power plant
The Middle East & Africa region is projected to be
the largest market for mobile power plant. The market growth in this region can
be attributed to increasing investments in remote area electrification in the
Sub-Saharan African region and development of oil & gas sector in the
region. Asia Pacific is estimated to be the fastest growing market during the
forecast period. Increasing investments in coastal area electrification in
Southeast Asia and increasing number of natural disasters in India, Japan, and
China would boost the market of mobile power plant in the future.
The report segments the market by fuel type into natural
gas/LPG, diesel, and others. The natural gas/LPG segment is estimated to hold
the largest share of the market in 2017. Natural gas is clean, efficient, and
affordable as compared to other fuels. These advantages of natural gas would
drive the market for natural gas based mobile power plant.
21-50 MW is estimated to be the largest segment of the
mobile power plant market, by power rating, 21-50 MW mobile power plants are
mainly used for large projects such as electrification of village or coastal
areas and emergency power requirement. Countries such as Indonesia, Angola,
Nigeria, and India are showing rapid growth in the 21-50 MW mobile power plant
segment due to the recent increase in demand for electricity in remote areas.
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The key players in
this mobile power plant market include GE (US), Siemens (Germany), APR Energy
(US), Kawasaki Heavy Industries (Japan), PW Power Systems (US), Metka (Greece),
Solar Turbines (US), Turbine Technology Services (US), Vericor (US), Mapna
(Iran), Meidensha (Japan), and Ethos Energy (UK).
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