MarketsandMarkets, the world’s second-largest market research institution, has released a report a few days ago that, driven by the increase in electrification and investment in remote areas, the global mobile power station market demand will reach US$1.73 billion by 2022, with a compound annual growth rate of approximately 4.56% over the period.
In the report, the mobile power station market will be divided into natural gas, liquefied petroleum gas, and diesel fuel. In 2017, the natural gas/liquefied petroleum gas segment will occupy the largest share of the mobile power plant market. Compared with other fuels, natural gas is clean, efficient and inexpensive. These advantages of natural gas will promote the market development of natural gas-based mobile power stations.
According to the power level, the mobile power station market is divided into 1-10 megawatts, 11-20 megawatts, and 21-50 megawatts. In 2017, the 21-50 MW mobile power station market has the largest market share and is expected to grow at the highest speed during the forecast period.
According to the application field, the mobile power station market is mainly used in oil and gas drilling platforms, emergency power supply, and electrification in remote areas. According to the value estimate, emergency power is the largest part of the mobile power plant market. It is expected that countries with frequent natural disasters such as Japan, China, the United States, and India will promote the emergency electricity market during the forecast period.
By regional market, the Middle East and Africa are expected to become the largest market for mobile power plants. Market growth in the region can be attributed to the increase in investment in remote electrification in sub-Saharan Africa and the development of the oil and gas sector in the region. Asia Pacific is expected to become the fastest growing market during the forecast period. The increase in investment in electrification along the coast of Southeast Asia and India, Japan and China’s increase in electricity investment in response to natural disasters will drive the future market for mobile power stations.
On the other hand, the growth of the mobile power station market is hindered by a variety of regional terrains, which hinders the transportation and fuel installation of mobile power stations, resulting in a decrease in the availability of mobile power stations.
From the perspective of suppliers, U.S. General Electric, Siemens Germany, U.S. APR Energy, Japan Kawasaki Heavy Industries, U.S. PW Power Systems, Greece Metka, U.S. SolarTurbines, and Dentsu Electric Co., etc. will occupy an important share of the global mobile power station market.
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