The latest report on Mobile Power Plant Market by Infinium Global Research gives complete coverage of the Mobile Power Plant Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Mobile Power Plant such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report Shall be Revised to 2020-2026. The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.
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Increasing Demand for Electric Power is One of the Major Drivers for the Growth of the Mobile Power Plan
Mobile power plants are generally thermal electric units in which all the equipment is mounted on transport vehicles. They are mostly used in places, such as exploratory drilling rigs, railroad construction, and logging operations, where the primary power source is not available for a particular time period.
Increasing demand for electric power is one of the major drivers for the growth of the mobile power plant market across the globe. The other key factor driving the growth of the market is the high frequency of natural disasters. The growing incidence of natural disasters such as floods, earthquakes, and storms are leading to power cuts and blackouts. So, countries lying to such situations are spending heavily in mobile power solutions to provide backup power in case of any emergency.
Thus, the demand for quick and flexible power generation options is rising across the globe. However, uncertainty in fuel prices and emission regulations in some countries are some major factors that may hamper the growth of the market over the forecast period. Moreover, higher levels of economic growth and improvements in the standards of living are expected to create beneficial growth opportunities for the market over the coming years.
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Demand for Quick and Flexible Power Generation Options is Rising Across the Globe
The Middle East & Africa holds the maximum market share in the mobile power plant market over the forecast period due to the presence of a large number of oil and gas fields in the region. Rising exploration activities in the region, the low electrification rate also helps the market growth in the region.
Furthermore, 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 Asia Pacific is anticipated to develop at a faster rate over the forecast period. This is primarily attributed to the growing investments in the oil & gas industry, especially China and India, along with increasing demand for power in the region.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Mobile Power Plant.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.