DUBLIN--(BUSINESS WIRE)--The "Global Mobile Power Plant Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global mobile power plant market is forecast to grow at a CAGR of 4.84% during the period 2018-2022.
The declining cost of solar technologies and government policies favoring renewable power generation will drive growth of the mobile power plant market during the forecast period. The cost of solar turbine electricity generation dropped at a rate of more than 200% in 2016 compared to in 2009. Soon, the solar power generation costs will be level with other fuel-based electricity generation. In APAC, Japan is creating renewable certificate trading market to promote the use of renewables. The new developments and government regulations for renewable energy generation across the world will fuel the growth of the mobile power plant market in the future.
According to the report, one of the major drivers for this market is the high frequency of natural disasters. In September 2017, APAR Energy, a leading mobile power plant provider with the help of US Army Corps of Engineers, designed a rapid power module to stabilize the fragile power grid of the hurricane hit island of Puerto Rico. They installed two mobile power plants of 60 MW to provide electricity to schools, hospitals, homes and businesses. Thus, the need for mobile power plants at disaster affected areas will drive the growth of the market during the next five years.
Further, the report states that one of the major factors hindering the growth of this market is the volatility in crude oil and natural gas prices.
Market Trends
- Growth of Renewable Energy
- Increasing Use of Alternative Fuels
- Development of GTCC & IGCC Technologies
- Capacity Expansion by Vendors
Key Vendors
- APR Energy
- General Electric
- Kawasaki Heavy Industries
- Mytilineos
- Siemens
Key Topics Covered:
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Market Segmentation by Fuel Type
9. Customer Landscape
10. Regional Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/h8xsgh/global_mobile?w=4
