Global Mobile Power Plant Market 2024-2028
Global Mobile Power Plant Market 2024-2028
The mobile power plant market is forecasted to grow by USD 396 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the mobile power plant market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for emergency power during natural disasters, increasing infrastructural activities, and rising demand from mining and oil and gas industry.
Technavio's mobile power plant market is segmented as below:
By Fuel Type
By Application
- Emergency power
- Oil and gas
- Remote area electrification
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the development of floating offshore wind as one of the prime reasons driving the mobile power plant market growth during the next few years. Also, growing adoption of mobile power plants for rural electrification and increasing number of power purchase agreements will lead to sizable demand in the market.
The report on the mobile power plant market covers the following areas:
- Mobile power plant market sizing
- Mobile power plant market forecast
- Mobile power plant market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mobile power plant market vendors that include American Electric Power Co., ATLAS Corp., Caterpillar Inc., Dynamis Power Solutions, EthosEnergy Group Ltd., FERROPLAN OY, General Electric Co., Kawasaki Heavy Industries Ltd., Korindo Energy, MAPNA Group Co., Meidensha Corp., Mitsubishi Heavy Industries Ltd., MTU Aero Engines AG, Mytilineos S.A., Porsche Automobil Holding SE, Siemens AG, and Turbine Technology Services Corp.. Also, the mobile power plant market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.