Mobile Power Plant Market

Mobile Power Plant: Introduction

• Mobile power plant is a thermal electric power plant, wherein the equipment is mounted on transport vehicles. It is primarily employed where demand for power is temporary. For instance, it is used to supply power to exploratory drilling rigs, logging operations, mobile film projectors, and heavy machinery used in railroad construction. It is also used in off-grid areas.
• The power output range of a mobile power plant lies between tens of kW and tens of MW. The most widely used types of mobile electric power plants are low-power diesel plants (up to 150 kW) and high-power diesel-electric units (5–10 MW). These are mounted on power-generating trains.

Key Drivers and Restraints of Mobile Power Plant Market

• Electricity is a key factor for economic development of developing countries. A large number of people across the world reside in off-grid areas with minimal or no access to power in developing and under-developed countries. Approximately 1.2 billion people across the world did not have access to electricity in 2019. Therefore, increase in demand for uninterruptable and flexible power supply in off-grid areas is expected to drive the global mobile power plant market. Mobile power plant is economical in terms of cost and provides secure power with high efficiency. These features of mobile power plant make its adoption preferable over alternate technologies.
• Technological innovation in the design of mobile power plant to optimize efficiency is also projected to propel the global mobile power plant market between 2021 and 2031
• Growth in investment in the development of floating power plants that are used to supply power to coastal regions is also expected to drive the mobile power plant market during the forecast period

COVID-19 Impact Analysis

Governments of various countries have imposed restrictions on the movement of individuals and economic activities to limit the spread of the COVID-19 pandemic. As a result, several industries such as oil & gas and construction had to halt their operations temporarily. Disruption in the operation of industrial sector has adversely affected the demand for electricity, as it is the major consumer of electricity. This, in turn, is expected to hamper the demand for mobile power plants.

Diesel Fuel Segment Expected to Hold Prominent Share of Global Market

• The global mobile power plant market can be segmented based on end-user, fuel, power capacity, and region
• Based on fuel, the global mobile power plant market can be segregated into diesel, natural gas, heavy fuel oil, and others. Diesel is extensively used in mobile power plants, due to its ease of availability and cost-effectiveness.
• Based on end-user, the global mobile power plant market can be divided into emergency power, oil & gas, remote area electrification, and others. The remote area electrification segment is anticipated to expand at a rapid pace during the forecast period due to the increase in demand for power in remote areas.
• Based on power capacity, the global mobile power plant market can be classified into up to 10 MW, 10-20 MW, above 20MW. The above 20 MW segment is anticipated to witness growth due to the rise in demand for power in villages and coastal areas during emergency situations.

Asia Pacific Expected to Constitute Major Share of Global Mobile Power Plant Market

• In terms of region, the global mobile power plant market can be divided into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
• The mobile power plant market in Asia Pacific is expected to expand at a significant pace during the forecast period due to the rise in demand for electricity in rural areas and surge in investments in the oil & gas industry, primarily in China and India
• North America is projected to hold vital share of the global mobile power plant market during the forecast period due to the rise in investment in exploration & production of shale reserves
• Europe is likely to be a stable region of the global mobile power plant market during the forecast period. This can be ascribed to technological innovations in the design of mobile power plants in the region.
• The mobile power plant market in Latin America and Middle East & Africa is anticipated to expand during the forecast period due to rise investment in remote area electrification, ongoing investment in exploration activities, and lack of grid infrastructure in these regions

Key Players Operating in Global Market

Leading companies operating in the global mobile power plant market include:

• General Electric
• Kawasaki Heavy Industries, Ltd
• Solar Turbines Incorporated
• Caterpillar Energy Solutions
• MYTILINEOS SA
• APR Energy
• PW Power Systems LLC
• Siemens
• Aggreko

Global Mobile Power Plant Market: Research Scope

Global Mobile Power Plant Market, by Fuel

• Natural Gas
• Diesels
• Heavy Diesel Fuel
• Others

Global Mobile Power Plant Market, by End-user

• Emergency Power
• Oil & Gas
• Remote Area Electrification
• Others

Global Mobile Power Plant Market, by Power Capacity

• Up to 10 MW
• 10-20MW
• Above 20MW

Global Mobile Power Plant Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa