PUNE, MAHARASHTRA, INDIA, October 14, 2019 /EINPresswire.com/ — Summary:
A new market study, titled “Discover Global Mobile Power Plant Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Global Mobile Power Plant Market
Mobile Power Plant is nothing but an electric power plant that can be transported to any part of the region with a mounted vehicle. It helps to fulfill the emergency powder demand during the time of disasters and natural calamities. The powerplant is extensively used in the Oil and Gas industry, chemicals, food processing, pulp and paper, textiles, Drilling, film shoot production, printing, and pharmaceutical industries. It is used for the power supply in remote locations where the power sources are far away from the locations.
Mobile Power Plant is extensively used in disaster-prone countries like Japan, China, India, and Indonesia. These countries are the key to boost the industry in the near future. Mobile plants are also used as a stand by option where power supply is limited. As the cost is nearly similar as compared to the normal power supply, more people are accepting this particular source. Factors like fluctuating prices of fossil fuels and grid integration issues can become an obstacle to the growth of the industry. As the Mobile Power Plant holds a limited fuel or resources, the continues energy supply is still an unresolved issue for the industry. The industry is anticipated to show a high CAGR (compound annual growth rate) during the forecast period.
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Market Segmentation of Global Mobile Power Plant Industry
The Mobile Power Plant industry is segmented based on Type, Power Rating, Application, and Region. By Type, the market is segmented into By Fuel Type, Diesel, Natural Gas/LPG, and others.
On the basis of Power Rating, the industry is divided into 1-10 MW, 11-20 MW, and 21-50 MW.
On the basis of Application, the market further divided into Industrial, commercial, Renewable, Institutional, and Electric power. The industrial segment leads the market in terms of market share.
Geographical Market Segmentation of Global Mobile Power Plant Industry
The geographical market of Mobile Power Plant includes many regions and countries. Some of them are Japan, Malaysia, Indonesia, Vietnam, Philippines, Thailand, Singapore, Europe, North America, Canada, Mexico, the USA, Asia Pacific, all GCC Countries, Egypt, Turkey, France, Russia, Germany, the UK, Italy, Spain, Central and South America, Brazil, Rest of Central and South America countries, China, South Korea, India, Australia, the Middle East and African region and South Africa.
The middle east and African region (MEA) holds the largest share of the market owing to the growing investment in the remote areas in the Sub-Saharan region. The Middle East and African region is the key area for market growth. The Indo Pacific region is expected to show the highest Compound Annual Growth Rate (CAGR) during the forecast period.
Iran will install a 10-megawatt mobile power plant to support water and wastewater industries in the country. It can be used during natural disasters. The plant has five trailers, four of them equipped with generators of 2.5MW each, and another one carries electrical substation. All of the parts are made by domestic companies in Iran only, which makes it even more special. The plant is expected to launch next month.
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Source: EIN Presswire