Mobile Power Plant Market

Global Mobile Power Plant Market Size (2024 to 2032)

The size of the global mobile power plant market was worth USD 1.78 Billion in 2023. The global market is anticipated to grow at a CAGR of 4.5% from 2024 to 2032 and be worth USD 2.65 billion by 2032 from USD 1.86 billion in 2024. 

Mobile Power plants are thermal electric type power units, with all the required equipment mounted on the big vehicle. These are portable and temporary sources of electricity production placed on a truck, on one or more trailers, or a railroad flatcar. The objective behind the construction of the mobile power plant is to supply quick electricity in case of natural hazards and areas with fewer infrastructure facilities. Some applications include the supply of electricity in remote areas and at significant workplaces like the construction of roads and railway projects where there is no electricity.

The mobile power plant market ecosystem consists of fuel providers, hardware/equipment providers, solution and service providers, regulatory bodies, and end-users as major stakeholders. The services provided by these stakeholders are integrated into a unit for end-users as per their requirements.

MARKET DRIVERS

Features like the use of medium-speed engines that consume less fuel and have quick installation and higher fuel efficiency than normal high-speed engines are a perfect alternative to the urgent requirement for power that drives demand for mobile power generators.

Increased industrialization and modernization in developing and developed countries increased the need for temporary power generation sources and drove the mobile power plant market. Increased need for mobile power plants in more natural hazard-prone countries like China, Japan, India, and the United States led to rising demand for the market. 

During the forecast period, India and China are expected to have a significant growth rate in the mobile power plant market due to the possibility of remote and scattered power systems to supply electricity.

In developing and undeveloped countries, there is an increase in rural areas and rural electrification that is driving the demand for the mobile power plant market. The socioeconomic development of these areas is hindered by the lack of power. So, World Bank Group Projects are working to explore modern energy sources to provide electricity to people who do not have access to electricity. Mobile power plants provide a solution to such areas in terms of their feasibility, portability, and affordable cost that works with various fuel sources and helps in expanding the market.

MARKET RESTRAINTS

Some expected key restraints at the global level will impact the development of the market.

Undulating fuel prices and gas emission regulations combined with the unavailability of fuels and inefficient supply chain is acting as challenging factors. The lack of proper connections with the grid integration is a restraint to the market. Difficulty in operating or relocating the mobile power plant in certain locations due to the land topology conditions and lack of proper transport or connectivity can constrain market expansion.

MARKET OPPORTUNITIES

The government’s inability to set up power plants and grids in remote areas is an opportunity for the mobile power plant market. The rise in population led to increased demand for construction and exploration activities in urban areas, which provided an opportunity for mobile power plant suppliers to grow the market. An increase in concern over rural electrification and the continuous need for mobile power plants in certain cases like natural hazards and in emergency needs will always be an ever-ending opportunity for the mobile power plant market to grow its market globally.

COVID-19 IMPACT ON THE GLOBAL MOBILE POWER PLANT MARKET

COVID-19 has a nominal effect on the power generation sector, but the lockdown and new rules and regulations affect the supply chain across the local and global markets. Manufacturing the equipment for mobile power plants has seen a breakdown in operations due to disrupted logistics across the globe because of the COVID-19 lockdown. The revenue from the sector has a downfall due to unbalanced supply and demand requirements. Because the change in government norms due to the COVID-19 pandemic has impacted the construction, oil, and gas mining, and temporary closure of ongoing projects due to labor shortages. Suppliers found difficulty in reaching the users because of logistics restraints, Which eventually led to a decline in mobile power plant sales and negatively impacted the mobile power plant market. The market regained its normal state after the start of relaxation from pandemic norms by the government.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Mobile Power Plant Market Analysis By Fuel Type

Natural gas is abundant, easy to transport, efficient, affordable, and has lower emissions causing less population. These associated advantages of natural gas, compared to others, lead to drifting over diesel and are expected to dominate the market during the projected period. It will account for 47% of the market in 2021. 

Global Mobile Power Plant Market Analysis By Capacity

The need for high power demand by mobile power plants with a capacity above 20MW is dominant in the segment. Such high capacity can be used in emergency power requirements and rural electrification. That will be expected to encourage the Above 20MW capacity to take over the high market share in the mobile power plant market.

Global Mobile Power Plant Market Analysis By Application

Emergency power backup contributes a major share in this segment due to the higher usage of mobile power plants. They take less time to install and fulfil the short period emergency demands. Countries at risk of frequent natural catastrophes, like China, India, and Japan, are driving the demand for Emergency Power Backup in the mobile power plant market.

REGIONAL ANALYSIS

Middle East and African region in the mobile power plant market are anticipated to have a high market share in the mobile power plant market. It has the availability of large oil and gas resources is a growth-driving factor in this region. The primary market growth attributes are the rise in exploration activities for power supply to remote areas, and the low rate of electrification in these regions. The Asia-Pacific region is expected to be the next high-growth market for mobile power plants. It is home to some highly developing countries where high investment activities in the Oil and gas industry and increasing demand for power with the rise in population in India and China can be noticed.

KEY PLAYERS IN THE GLOBAL MOBILE POWER PLANT MARKET

Companies playing a prominent role in the global mobile power plant market include Kawasaki Heavy Industries Ltd, Solar Turbines, General Electric, Siemens, PW Power Systems, Vericor, APR Energy, Aggreko, Ethos Energy, Metka, and Others.

RECENT HAPPENINGS IN THE GLOBAL MOBILE POWER PLANT MARKET

• In 2020, Toyota and Honda together brought a technology called “Moving e” to create a mobile power generation/output system. It can be used as a “Phase-free” system in times of disasters and in normal times used in events for electricity supply. The Moving e mobile power generation features include Toyota’s Charging station fuel cell bus and Honda’s Power Exporter 9000 portable external power output device.

DETAILED SEGMENTATION OF THE GLOBAL MOBILE POWER PLANT MARKET INCLUDED IN THIS REPORT

This research report on the global mobile power plant market has been segmented and sub-segmented based on fuel type, capacity, application and region.

By Fuel Type

• Natural Gas
• LPG
• Diesel
• HFO
• Biofuels

By Capacity

• 10 MW
• 11 MW-20 MW
• Above 20 MW

By Application

• Oil & Gas Rigs
• Emergency Power backup systems
• Other

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa