Mobile Power Plant Market Forecasts to 2030 – Global Analysis By Fuel (Diesel, Natural Gas, Biofuels, LPG, HFO and Other Fuels), Power, Application and By Geography

Mobile Power Plant Market Forecasts to 2030 – Global Analysis By Fuel (Diesel, Natural Gas, Biofuels, LPG, HFO and Other Fuels), Power, Application and By GeographyAccording to Stratistics MRC, the Global Mobile Power Plant Market is accounted for $1.97 billion in 2023 and is expected to reach $3.06 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Mobile power plants are of the thermal electric variety, with all of the necessary components placed on a transport truck. These are utilised in a variety of applications that demand temporary or emergency power. These are attached to trucks, tracked vehicles, trailers, self-propelled chassis, railway flatcars or one or more trailers. For mobile power plants, diesel and gas turbines are often employed as the main engines. The equipment also comprises the switching apparatus, a full cable network, a control panel, automation and signalling systems, auxiliary equipment, and replacement components in addition to the electric generator and primary motor.

According to Constructor China Energy in 2018, a floating solar photovoltaic (PV) plant was completed by Conservation Solar Technology Co., Ltd., and the EPC China Energy Engineering Group Shanxi Electric Power Design Institute Co., Ltd in the Suzhou city in China. The plant has an installed capacity of 70 megawatts (MW), and the solar technology provided in the project is from Ciel & Terre.

Market Dynamics:

Driver:

Overwhelming need for power

Remote locations have a high demand for electricity but the government is unable to build power plants or infrastructure there. They will have a fantastic opportunity to invest in mobile power plants and set them up in these locations while the necessary preparations are being made. With the development of technology, it is acceptable, economical, and adaptable to different uses. Because they are portable and simple to set up, it is simple to move them to disaster-affected areas and utilise them as alternative power plants. The need for mobile power plants to put up the power networks' onsite power production units has risen as rural locations are increasingly electrified. Monitoring the investments made in the development and enhancement of mobile power generators of the natural gas type. This will assist electrify rural areas and be cost-effective.

Restraint:

Lack interoperability and standardisation

Various interfaces, technologies, and protocols are used by the power plant's equipment or components to connect with one another. Data misrepresentation might occur as a result of the absence of standardisation of certain communication interfaces and protocols. Lack of technological standardisation makes system integration difficult and prevents plug-and-play connections across unrelated systems are hampering the growth of the market.

Opportunity:

Growth in investment and technological advancement in the construction of floating power plants

The global market for mobile power plants is anticipated to grow significantly due to technological advancements in mobile power plant design that maximise efficiency. The development of floating power plants that provide electricity to coastal areas is projected to attract more investment throughout the forecast period, which will fuel the market for mobile power plants. In addition electrification of remote areas in developing and impoverished areas and there are several World Bank Group initiatives now underway to investigate ways to offer contemporary energy services which are driving the market.

Threat:

Lack of gasoline and challenging operating conditions

The shortage of fuel to run the mobile power plants or the inability to connect to the grid to fulfil the requirements of a particular project and additionally, the inability to reach remote areas owing to poor transportation or communication might make expansion challenging. Moreover it seems outrageous how much water is needed to maintain the turbines someplace at the right temperature. Thermal power plants have an effect on the environment since they generate large amounts of smoke and pollutants thereby impeding the market growth.

Covid-19 Impact

Lockdown has been imposed by numerous administrations, along with laws and regulations. The local and international supply chains have been impacted by this. Due to restrictions on transportation at project sites, the suppliers were unable to furnish their products. Several industries, including construction and oil and gas extraction, have been impacted as a result of government-implemented rules. Due to a lack of labour, they must temporarily halt their ongoing undertakings. This has an impact on the fall in demand for mobile power plants and the demand for electricity.

The diesel segment is expected to be the largest during the forecast period

The diesel segment is estimated to have a lucrative growth, due to the diesel engine serves as the prime mover in a diesel power plant and drives an alternator. Inside the engine, the diesel burns, and the by-products of this combustion serve as the working agent to generate mechanical energy. An electric generator that is powered by a diesel engine transforms mechanical energy into electrical energy. Only tiny amounts of power are produced by diesel power plants. In locations with low electricity demand and insufficient coal and water supplies, diesel power plants are employed. The diesel power plants are also utilised as backup generators to provide electricity to crucial locations like hospitals, movie theatres, phone exchanges, etc.

The remote area electrification segment is expected to have the highest CAGR during the forecast period

The remote area electrification segment is anticipated to witness the highest CAGR growth during the forecast period, due to rural isolated villages may be electrified with great effectiveness using renewable energy sources. Such power complexes range in power from a few kilowatts to tens of megawatts. The primary concerns of optimising the equipment composition and the layout of the energy systems play a crucial role in addressing the difficulties of electrifying rural and distant communities. The creation of new methods to promote an environmentally conscious generation is also a crucial step in the growth of renewable energy in isolated rural regions. These approaches can be utilised to address issues with distant power systems' structure and equipment composition optimisation.

Region with largest share:

Middle East & Africa is projected to hold the largest market share during the forecast period owing to rising investments in remote region electrification and expanding availability to affordable fuel sources, in addition the Middle East and Africa are anticipated to be a viable location for international participants in the mobile power plant market. Russia and other nations with thriving oil and gas industries are expected to see a notable increase in transportable power plants.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the rising need for energy in rural regions and the rapid growth in investments in the oil and gas industry, particularly in China and India, the mobile power plant market in Asia Pacific is predicted to grow at a high rate over the projected period. Manufacturers in this region are concentrating on the production of mobile power plants according to usage in areas. For industrial use, they are focusing on making high power mobile power plants using diesel fuel with a capacity of 11–20 MW and above, while for rural areas and short-term usage, they are making bio fuel mobile power plants with a capacity of 1–10 MW that can be deployed and used for emergency purposes.

Key players in the market

Some of the key players profiled in the Mobile Power Plant Market include Solar Turbines, Inc., Metka, Kawasaki Heavy Industries Ltd., APR Energy, General Electric Company, Turbine Technology Services Corporation, Aggreko plc., Ethos Energy, Goal Zero, MWM, Siemens AG, Vericor, MAPNA Group, Duracell, Jakery, Meidensha Corporation and PW Power Systems, Inc.

Key Developments:


In June 2023, Kawasaki Heavy Industries, Ltd. announced its delivery of the “AXIS RIVER” (Kawasaki hull no. 1756), an 86,700 m3 liquefied petroleum gas (LPG) and ammonia (NH3) carrier powered by LPG.

In March 2023, Solar Turbines Partners with Chevron on Hydrogen-fueled Gas Turbine Engine, results from the collaboration could inform the potential of lower carbon turbine intensity operations in the future.

Fuels Covered:
• Diesel
• Natural Gas
• Biofuels
• LPG
• HFO
• Other Fuels

Powers Covered:
• 1-10 MW
• 11-20 MW
• 21-50 MW
• Other Powers

Applications Covered:
• Emergency Power For Natural Disaster
• Remote Area Electrification
• Oil & Gas Rigs
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements