The Mobile Power Plants Market size is projected to reach US$ 2.75 billion by 2031 from US$ 1.90 billion in 2023. The market is expected to register a CAGR of 4.6% in 2023–2031. Rising efforts in electrification of rural and remote areas across the globe are one of the notable trends in the mobile power plant market. In addition, many manufacturers and end users of mobile power plants are integrating mobile power plants with natural gas.
Mobile Power Plants Market Analysis
Mobile power plant is used in a wide range of applications, such as emergency power, construction operations, and remote area electrification, among others. Mobile power plants act as the primary source of power in locations that are far away from the reach of power transmission lines. They can also be used as standby sources where other power sources are ordinarily available. The power equipment used in a mobile electric power plant is installed either on a truck, self-propelled chassis, floating trailer, or rail-road flatcar.
Increased demand for electricity is one of the major factors behind the adoption of the mobile power plant market. As per the data published by the US Energy Information Administration (EIA) in 2022, electricity consumption in the US increased by 3.2% compared to 2021. In addition, as per the data published by the European Commission in 2024, the consumption of household electricity increased by 6.2% in the past few years. Such increased demand for electricity is projected to increase the demand of the mobile power plants market globally.
Mobile Power Plants Market Overview
Natural gas as a fuel type is projected to lead the market owing to increased adoption of the fuel. One of the major factors behind the increased adoption is its sustainability. Increased government support for the usage of natural gas for electricity generation is another factor supporting the market growth. The increasing involvement towards technological innovations and advancements is anticipated to help the key players such as Metka, General Electric, etc. in improving their market penetration and contribute broadly towards the development of electricity generation with natural gas. Natural gas is an efficient and reliable power source at a reasonable cost. Developing nations in Asia and Africa are making decent investments in fuel type use, and therefore, it is expected to drive the global market in the near future.
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Mobile Power Plants Market: Strategic Insights
Market Size Value in US$ 1,619.2 Million in 2018 Market Size Value by US$ 4,052.3 Million by 2027 Growth rate CAGR of 11.0% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Mobile Power Plants Market: Strategic Insights
| Market Size Value in | US$ 1,619.2 Million in 2018 |
| Market Size Value by | US$ 4,052.3 Million by 2027 |
| Growth rate | CAGR of 11.0% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Mobile Power Plants Market Drivers and Opportunities
Increased benefits of the mobile power plant compared to traditional plant
The adoption of these plants is increasing significantly. Some of the benefits of these plants that are driving the market are easy installation, compatibility with a wide range of fuels, and portability, among others. Further, as these plants can be operated with multiple fuels, the dependability on a single fuel is reduced, which further helps protect the operations against fuel supply and price volatility.
Increased electrification activities in the rural area
Countries across the globe are focusing on developing electrification projects in rural areas. In March 2024, it announced investments of US$ 2.8 billion in electrification projects to increase affordability, reliability, and clean power in rural areas of the US. In addition, in February 2024, the US government announced US$ 366 million to improve energy security and increase affordability in rural US. Such projects in rural areas are projected to create lucrative opportunities for the mobile power plant market in the coming years.
Mobile Power Plants Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Mobile Power Plants Market analysis are type, cause, disorder type, category, and end user.
- Based on Fuel Type, the Market is divided into natural gas, diesel, and others. The natural gas segment held a larger market share in 2023.
- By application, the market is segmented into oil & gas, emergency power, and remote area electrification. The remote area electrification segment held the largest share of the market in 2023.
Mobile Power Plants Market Share Analysis by Geography
The geographic scope of the Mobile Power Plants Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific is projected to grow at a significant growth rate. Asia Pacific mobile power plant market is further categorized on the basis of Australia, China, India, South Korea, Japan, and the Rest of Asia Pacific. Increasing industrialization and investments in the energy industry are one of the primary factors behind the market growth. On the other hand, North America is projected to acquire a notable share of the global mobile power plant market owing to increased investments in the exploration of shale reserves.
Mobile Power Plants Market Report Scope
Mobile Power Plants Market News and Recent Developments
The Mobile Power Plants Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for mobile power plants and strategies:
- USAID delivered a mobile gas turbine power plant to Ukraine to meet the electricity needs. (Source: USAID, Press Release/Company Website/Newsletter, 2023)
- Hayden partnered with a Global Gas Turbine manufacturer to develop a Mobile Power Generation Solution. (Source: Hayden Industrial, Press Release/Company Website/Newsletter, 2023)
Mobile Power Plants Market Report Coverage and Deliverables
The “Mobile Power Plants Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Fuel Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
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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