Global Mobile Power Plant Market to 2027 - Market Set to Grow at a CAGR of 11% from 2019-2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 14, 2019--
The “Mobile Power Plant Market to 2027 - Global Analysis and Forecasts by Fuel Type; Application” report has been added to ResearchAndMarkets.com’s offering.
The global mobile power plant market reached US$ 1.62 Bn in 2018 and is expected to grow at a CAGR of 11% during the forecast period 2019 - 2027 to account for 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.
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.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Mobile Power Plant Market Landscape
5. Mobile Power Plant Market - Key Industry Dynamics
6. Mobile Power Plant- Global Market Analysis
7. Global Mobile Power Plant Analysis - By Fuel Type
8. Global Mobile Power Plant Analysis - By Application
9. Mobile Power Plant Market - Geographical Analysis
10. Industry Landscape
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/d7jyu1
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191014005611/en/
Laura Wood, Senior Press Manager
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: OTHER ENERGY ENERGY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 10/14/2019 01:49 PM/DISC: 10/14/2019 01:49 PM