HOME Research Insight GE (US) and Siemens (Germany) are the Leading Player in the Mobile Power Plant Market

GE (US) and Siemens (Germany) are the Leading Player in the Mobile Power Plant Market

The global mobile power plant market is projected to grow at a CAGR of 4.56% from 2017 to 2022, to reach USD 1.73 Billion by 2022. This growth is primarily driven by the lack of power infrastructure, increasing demand for electricity in remote locations, frequent natural disasters, and increase in onshore oil rigs. The Middle East & Africa region is estimated to hold the largest share of the mobile power plant market. The Asia Pacific region held the second largest market share in 2016.

The mobile power plant market is dominated by a few global players. These include GE (US), Siemens (Germany), Kawasaki (Japan), APR Energy (US), Meidensha (Japan), and PW Power Systems (US). Contracts & agreements and new product launches have been the key strategies adopted by major market players from 2014 to 2017.

GE, a leading player in the mobile power plant market for the power sector, offers different power generation solutions. TM 2500 and LM 2500 are the types of mobile gas turbine used for fast power generation. In August 2017, GE, along with its partner APR Energy, signed a contract with the South Australian government to provide nine TM2500 mobile power plant units. In March 2014, GE signed a contract worth USD 135 million with the General Electricity Company of Libya (GECOL) to supply four mobile power plants with a capacity exceeding 100 MW. The mobile power plants will be used to expand the power generation capacity of Zawia and W. Tripoli power plants during peak season demand.

Siemens is a renowned organization providing reliable power generation techniques to cope with the challenges in the field of fast power generation techniques. Siemens has now developed its SGT-A45 TR gas turbine for the rapidly growing fast power generation market – a new aero-derivative gas turbine integrated into a mobile unit that delivers an electrical output of up to 44 megawatts. This type of mobile power plant can be installed and commissioned in less than two weeks and starts generating electricity immediately.

Related Reports:

Mobile Power Plant Market by Fuel Type (Natural Gas/LPG, Diesel), Power Rating (1-10 MW, 11-20 MW, 21-50 MW), Application (Oil & Gas, Emergency Power, Remote Area Electrification), and Region - Global Forecast to 2022

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