Mobile Power Plant Market: Introduction

Presently, electricity has become a necessity rather than luxury, with many people claiming electricity to be a basic human right. However, a large chunk of global population resides in off-grid areas with minimal or no access to power in developing and under-developed nations. Power shortages are becoming a major hindrance to the economic development of developing countries. Therefore, the demand for quick and flexible power generation options is rising across the globe which are not only easy to setup but are also able to provide reliable power, thereby creating the demand for mobile power plants. Increasing frequency of natural disasters such as floods, earthquakes, and storms is leading to power cuts and blackouts; therefore, countries prone to such conditions are investing heavily in mobile power solutions to provide backup power in case of any emergency. The key feature of a mobile power plant is its ease of setup and deployability. This makes it an effective solution to provide power in any emergency and remote locations, as it requires minimal delay in plant setup.

In terms of power capacity, the global mobile power plant market can be segregated into upto 10 MW, 11 MW – 20 MW, and above 20 MW. The above 20 MW segment is estimated to account for a leading share of the global mobile power plant market due to its requirement during emergencies, or for providing power to villages and coastal areas. The 11 MW – 20 MW segment is anticipated to expand at a significant pace due to the rise in demand for electricity from the oil & gas industry in remote fields, and increasing demand for power from small villages in remote areas.

Mobile Power Plant Market: Key Segments

Based on fuel type, the global mobile power plant market can be segmented into natural gas, diesel, and others. Natural gas-based mobile power plants are expected to hold a dominant share of the global mobile power plant market. The segment is likely to expand at a rapid pace during the forecast period due to rising environmental concerns and increasing investment in gas infrastructure across the globe. The diesel-based segment is projected to expand at a sluggish pace during the forecast period due to increasing regulations and restrictions regarding greenhouse gas emissions from power plants. The others segment include renewable energy-, liquefied petroleum gas (LPG)-, and heavy fuel oil (HFO)-based mobile power plants.

In terms of end-use, the global mobile power plant market can be categorized into emergency power, oil & gas, remote villages & communities, and others. The oil & gas end-use segment is estimated to constitute a large share of the global market. However, the remote villages & communities segment is anticipated to expand at a rapid pace during the forecast period due to the increase in demand for power in remote and off-grid communities and rise in number of off-grid human settlements across the globe.

Mobile Power Plant Market: Regional Analysis

Based on region, the global mobile power plant market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Middle East & Africa is projected to lead the global market during the forecast period owing to the presence of a large number of oil & gas fields, increase in exploration activities in the region, low electrification rate, and minimal presence of grid infrastructure in the region, especially in African where off-grid power generation solutions form a major chunk of power supply. The mobile power plant market in Asia Pacific is likely to expand at a rapid pace during the forecast period due to increasing investments in the oil & gas industry, especially China and India, along with increasing demand for power in the region.

Mobile Power Plant Market: Key Players

The global mobile power plant market is dominated by large players having strong presence across the globe. Some of the key players operating in the global mobile power plant market are General Electric, Caterpillar Energy Solutions, Solar Turbines Incorporated, MYTILINEOS SA, Siemens, Kawasaki Heavy Industries, Ltd, MAPNA Group, APR Energy, PW Power Systems LLC, and Aggreko.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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