The global mobile power plant market accounted to US$ 1.62 Bn in 2018 and is expected to grow at a CAGR of 11.0% during the forecast period 2019 – 2027 to account to US$ 4.05 Bn by 2027.
Electricity is one of the fastest growing source of energy worldwide, and during the forecast period, it is expected to dominate the overall energy demand. The power industry is attracting more investments as compared oil and gas due to factors such as power infrastructure development, up gradation of aging infrastructure, changing energy requirement, clean energy initiatives, and urbanization.
Get Sample PDF of Report @ https://www.premiummarketinsights.com/sample/TIP00000481?utm_source=Openpr/SARAP
Mobile Power Plant Market – Key Companies Profiled
Aggreko Plc, Apr Energy, General Electric, Kawasaki Heavy Industries Ltd., Mapna Group, Metka (Mytileneos Sa), Pw Power Systems Llc, Siemens Ag, Solar Turbine Incorporated, Turbine Technology Services Corporation
The increasing demand for electricity in remote areas, especially in developing and underdeveloped countries is driving the mobile power plant market. However, complexities such as transporting, handling, and operating these systems in remote areas along with fuel scarcity are some of the factors that are expected to hinder the growth of the mobile power plant. In spite of these hindrances, growing investments in the power sector of various countries are anticipated to provide ample opportunities for the market players operating in the market.
Geographically, Middle-East and Africa (MEA) hold the majority revenue share of the mobile power plant market followed by Asia-Pacific and North America. The fast growth of mobile power plant market is expected to be in Asia-Pacific, which is primarily driven by the growing demand of such plants in oil & gas, emergency power, and remote area electrification applications. Other developing regions in MEA and South America are anticipated to offer significant growth opportunities for mobile power plant market in the coming years; this is majorly attributed to the supportive government initiatives to boost industrialization and power sector in these regions.
The mobile power plant market is segmented based on fuel type and application segments. Based on fuel type, the mobile power plant market is segmented into natural gas, diesel, and others. Based on application, the mobile power plant market is bifurcated into oil & gas, emergency power, and remote area electrification. Geographically, the mobile power plant market is divided into five regions, including North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Enquiry before Buy @ https://www.premiummarketinsights.com/inquiry/TIP00000481?utm_source=Openpr/SARAP
The overall mobile power plant market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the mobile power plant market. Also, multiple primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the power and energy industry.
Purchase Complete Report @ https://www.premiummarketinsights.com/buy/TIP00000481
Sameer Joshi
Call: US: +1-646-491-9876, Apac: +912067274191
Email: sales@premiummarketinsights.com
About Premium market insights:
Premium market insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.
This release was published on openPR.
