Modular Power Plants Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Modular power plant is a location independent system, wherein all the modules are preconfigured for quick installation, and are delivered to the installation site prefabricated. This facilitates the installation of modular cogeneration power plant on site and shortens set-up times, allowing precision assembly even in locations with limited infrastructure. Rise in demand for electricity across the globe is a major driver of the modular power plant market. Strong growth in economy and rise in population have led to an increase in consumption of power. In addition, high investment in infrastructure development and rising rate of industrialization are also fueling the need for electricity generation. Thus, such factors are propelling the demand for modular power plant which helps drive the market outlook over the forecast period.
MARKET SCOPE
The "Global Modular Power Plants Market Analysis to 2028" is a specialized and in-depth study of the electronics components with a special focus on the global market trend analysis. The report aims to provide an overview of the modular power plant market with detailed market segmentation by fuel type, application and geography. The report provides key statistics on the market status of the leading modular power plant market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of fuel type the market is segmented into natural gas, diesel, and biofuels
- On the basis application, the market is segmented as oil & gas, utility, heavy industry, and others
Drivers:
- Rise in demand for electric power is fueling the market growth
- Abundant availability of natural gas and lower emissions is driving the market growth
- High initial investment restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America. The modular power plant market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the modular power plant market in these regions.
IMPACT OF COVID-19 ON MODULAR POWER PLANT MARKET
The emergence of the COVID-19 has severely impacted the power industries, which resulted decline in the demand for modular power plant in the year 2020. The outbreak of the pandemic led to demand-supply gap, shutdown of several manufacturing industries across the globe, which in turn, caused disruptions in raw material procurement and further led to price volatility. The withdrawal of upcoming investments and hold on for ongoing power projects has directly influenced the market growth. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted power demand across various industries. The limited availability of spares and manpower for maintenance due to the pandemic is a major problem that affects the market growth. Furthermore, project delays and cancellation of orders has affected the market dynamics over the pandemic recovery period. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America. The modular power plant market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the modular power plant market in these regions.
IMPACT OF COVID-19 ON MODULAR POWER PLANT MARKET
The emergence of the COVID-19 has severely impacted the power industries, which resulted decline in the demand for modular power plant in the year 2020. The outbreak of the pandemic led to demand-supply gap, shutdown of several manufacturing industries across the globe, which in turn, caused disruptions in raw material procurement and further led to price volatility. The withdrawal of upcoming investments and hold on for ongoing power projects has directly influenced the market growth. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted power demand across various industries. The limited availability of spares and manpower for maintenance due to the pandemic is a major problem that affects the market growth. Furthermore, project delays and cancellation of orders has affected the market dynamics over the pandemic recovery period. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period.
MARKET PLAYERS
The report covers key developments in the modular power plant market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in modular power plant market are anticipated to get lucrative growth opportunities in the future owing increase in R&D investments.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the modular power plant market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- APR Energy
- Motor factory Hatz GmbH & Co. KG
- Valmet
- Wärtsilä
- Ascot Industrial S.r.l.
- Caterpillar Energy Solutions
- Aggreko
- Bechtel Corporation
- Siemens
- Atlas Copco
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Modular Power Plants Market - By Fuel Type
1.3.2 Modular Power Plants Market - By Application
1.3.3 Modular Power Plants Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MODULAR POWER PLANTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MODULAR POWER PLANTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MODULAR POWER PLANTS MARKET - GLOBAL MARKET ANALYSIS
6.1. MODULAR POWER PLANTS - GLOBAL MARKET OVERVIEW
6.2. MODULAR POWER PLANTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MODULAR POWER PLANTS MARKET - REVENUE AND FORECASTS TO 2028 - FUEL TYPE
7.1. OVERVIEW
7.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
7.3. NATURAL GAS
7.3.1. Overview
7.3.2. Natural Gas Market Forecast and Analysis
7.4. DIESEL
7.4.1. Overview
7.4.2. Diesel Market Forecast and Analysis
7.5. BIOFUELS
7.5.1. Overview
7.5.2. Biofuels Market Forecast and Analysis
8. MODULAR POWER PLANTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. OIL AND GAS
8.3.1. Overview
8.3.2. Oil and Gas Market Forecast and Analysis
8.4. UTILITY
8.4.1. Overview
8.4.2. Utility Market Forecast and Analysis
8.5. HEAVY INDUSTRY
8.5.1. Overview
8.5.2. Heavy Industry Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. MODULAR POWER PLANTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Modular Power Plants Market Overview
9.1.2 North America Modular Power Plants Market Forecasts and Analysis
9.1.3 North America Modular Power Plants Market Forecasts and Analysis - By Fuel Type
9.1.4 North America Modular Power Plants Market Forecasts and Analysis - By Application
9.1.5 North America Modular Power Plants Market Forecasts and Analysis - By Countries
9.1.5.1 United States Modular Power Plants Market
9.1.5.1.1 United States Modular Power Plants Market by Fuel Type
9.1.5.1.2 United States Modular Power Plants Market by Application
9.1.5.2 Canada Modular Power Plants Market
9.1.5.2.1 Canada Modular Power Plants Market by Fuel Type
9.1.5.2.2 Canada Modular Power Plants Market by Application
9.1.5.3 Mexico Modular Power Plants Market
9.1.5.3.1 Mexico Modular Power Plants Market by Fuel Type
9.1.5.3.2 Mexico Modular Power Plants Market by Application
9.2. EUROPE
9.2.1 Europe Modular Power Plants Market Overview
9.2.2 Europe Modular Power Plants Market Forecasts and Analysis
9.2.3 Europe Modular Power Plants Market Forecasts and Analysis - By Fuel Type
9.2.4 Europe Modular Power Plants Market Forecasts and Analysis - By Application
9.2.5 Europe Modular Power Plants Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Modular Power Plants Market
9.2.5.1.1 Germany Modular Power Plants Market by Fuel Type
9.2.5.1.2 Germany Modular Power Plants Market by Application
9.2.5.2 France Modular Power Plants Market
9.2.5.2.1 France Modular Power Plants Market by Fuel Type
9.2.5.2.2 France Modular Power Plants Market by Application
9.2.5.3 Italy Modular Power Plants Market
9.2.5.3.1 Italy Modular Power Plants Market by Fuel Type
9.2.5.3.2 Italy Modular Power Plants Market by Application
9.2.5.4 United Kingdom Modular Power Plants Market
9.2.5.4.1 United Kingdom Modular Power Plants Market by Fuel Type
9.2.5.4.2 United Kingdom Modular Power Plants Market by Application
9.2.5.5 Russia Modular Power Plants Market
9.2.5.5.1 Russia Modular Power Plants Market by Fuel Type
9.2.5.5.2 Russia Modular Power Plants Market by Application
9.2.5.6 Rest of Europe Modular Power Plants Market
9.2.5.6.1 Rest of Europe Modular Power Plants Market by Fuel Type
9.2.5.6.2 Rest of Europe Modular Power Plants Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Modular Power Plants Market Overview
9.3.2 Asia-Pacific Modular Power Plants Market Forecasts and Analysis
9.3.3 Asia-Pacific Modular Power Plants Market Forecasts and Analysis - By Fuel Type
9.3.4 Asia-Pacific Modular Power Plants Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Modular Power Plants Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Modular Power Plants Market
9.3.5.1.1 Australia Modular Power Plants Market by Fuel Type
9.3.5.1.2 Australia Modular Power Plants Market by Application
9.3.5.2 China Modular Power Plants Market
9.3.5.2.1 China Modular Power Plants Market by Fuel Type
9.3.5.2.2 China Modular Power Plants Market by Application
9.3.5.3 India Modular Power Plants Market
9.3.5.3.1 India Modular Power Plants Market by Fuel Type
9.3.5.3.2 India Modular Power Plants Market by Application
9.3.5.4 Japan Modular Power Plants Market
9.3.5.4.1 Japan Modular Power Plants Market by Fuel Type
9.3.5.4.2 Japan Modular Power Plants Market by Application
9.3.5.5 South Korea Modular Power Plants Market
9.3.5.5.1 South Korea Modular Power Plants Market by Fuel Type
9.3.5.5.2 South Korea Modular Power Plants Market by Application
9.3.5.6 Rest of Asia-Pacific Modular Power Plants Market
9.3.5.6.1 Rest of Asia-Pacific Modular Power Plants Market by Fuel Type
9.3.5.6.2 Rest of Asia-Pacific Modular Power Plants Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Modular Power Plants Market Overview
9.4.2 Middle East and Africa Modular Power Plants Market Forecasts and Analysis
9.4.3 Middle East and Africa Modular Power Plants Market Forecasts and Analysis - By Fuel Type
9.4.4 Middle East and Africa Modular Power Plants Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Modular Power Plants Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Modular Power Plants Market
9.4.5.1.1 South Africa Modular Power Plants Market by Fuel Type
9.4.5.1.2 South Africa Modular Power Plants Market by Application
9.4.5.2 Saudi Arabia Modular Power Plants Market
9.4.5.2.1 Saudi Arabia Modular Power Plants Market by Fuel Type
9.4.5.2.2 Saudi Arabia Modular Power Plants Market by Application
9.4.5.3 U.A.E Modular Power Plants Market
9.4.5.3.1 U.A.E Modular Power Plants Market by Fuel Type
9.4.5.3.2 U.A.E Modular Power Plants Market by Application
9.4.5.4 Rest of Middle East and Africa Modular Power Plants Market
9.4.5.4.1 Rest of Middle East and Africa Modular Power Plants Market by Fuel Type
9.4.5.4.2 Rest of Middle East and Africa Modular Power Plants Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Modular Power Plants Market Overview
9.5.2 South and Central America Modular Power Plants Market Forecasts and Analysis
9.5.3 South and Central America Modular Power Plants Market Forecasts and Analysis - By Fuel Type
9.5.4 South and Central America Modular Power Plants Market Forecasts and Analysis - By Application
9.5.5 South and Central America Modular Power Plants Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Modular Power Plants Market
9.5.5.1.1 Brazil Modular Power Plants Market by Fuel Type
9.5.5.1.2 Brazil Modular Power Plants Market by Application
9.5.5.2 Argentina Modular Power Plants Market
9.5.5.2.1 Argentina Modular Power Plants Market by Fuel Type
9.5.5.2.2 Argentina Modular Power Plants Market by Application
9.5.5.3 Rest of South and Central America Modular Power Plants Market
9.5.5.3.1 Rest of South and Central America Modular Power Plants Market by Fuel Type
9.5.5.3.2 Rest of South and Central America Modular Power Plants Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MODULAR POWER PLANTS MARKET, KEY COMPANY PROFILES
11.1. APR ENERGY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MOTOR FACTORY HATZ GMBH AND CO. KG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. VALMET
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. WäRTSILä
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ASCOT INDUSTRIAL S.R.L.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CATERPILLAR ENERGY SOLUTIONS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. AGGREKO
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BECHTEL CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIEMENS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ATLAS COPCO
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.APR Energy
2.Motor factory Hatz GmbH and Co. KG
3.Valmet
4.Wärtsilä
5.Ascot Industrial S.r.l.
6.Caterpillar Energy Solutions
7.Aggreko
8.Bechtel Corporation
9.Siemens
10.Atlas Copco
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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