Market Overview:
The global modular power plants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and rising concerns over climate change. The global modular power plants market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into natural gas modular power plants, diesel modular power plants, and biofuel modular power plants. The natural gas modular power plant segment is expected to dominate the global modular power plant market during the forecast period owing to its low emissions and high efficiency as compared to other types of modules. On the basis of application, oil & gas accounted for majority share in 2017 owing to increase in exploration & production activities across different regions coupled with stringent environmental regulations mandating use of cleaner fuel sources such as natural gas instead of traditional fuels such as diesel or heavy fuel oils (HFOs).
Product Definition:
A modular power plant is a power plant that can be divided into several smaller units, each of which can be installed and operated separately. This makes modular plants convenient for use in areas where only a small amount of power is needed, such as isolated rural communities or large industrial facilities.
Natural Gas Modular Power Plants:
Natural gas is considered as a clean fuel and it burns much cleaner than other conventional fuels such as coal or oil. The combustion of natural gas produces a minimal amount of pollution, which makes it an ideal choice for power generation. Natural gas has been replacing coal in electricity generation owing to its cleaner combustion and lower carbon emissions during power plant operations.
Diesel Modular Power Plants:
Diesel modular power plants are used in the power generation industry to generate electricity. They are also known as diesel-electric hybrid or diesel-electric Power Plant (DPP). Diesel modular power plants consist of a gas turbine engine, generator and fuel supply system. It is an effective way to reduce carbon emission and simultaneously provide clean energy.
Application Insights:
The utility application segment accounted for the largest revenue share of over 45% in 2017. The segment is expected to witness significant growth owing to rising demand for electricity from residential and commercial sectors, especially in countries such as India and China. In addition, growing penetration of renewable energy sources such as solar and wind is anticipated to augment the demand for Modular Power Plant¢â‚¬â„¢s across utility applications during the forecast period.
The heavy industry application segment was valued over USD 1 billion in 2017 due to increasing industrialization activities particularly in emerging economies including Brazil, Indonesia, Malaysia and Thailand.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to rising demand for electricity in emerging economies, such as China and India. In 2016, Asia Pacific accounted for a share of more than 30% of global oil & gas production and around 34% of global heavy industry production. Furthermore, increasing industrialization along with rapid urbanization has resulted in growing energy requirements across this region which is anticipated to drive market growth over the forecast period.
Europe was valued at USD X million in 2017 owing to high demand from end-use industries across various countries including Germany, Italy and U.K., among others.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives and policies to promote renewable energy sources
- Rising concerns over climate change and air pollution
- Technological advancements in modular power plant design and construction
- Growing popularity of distributed generation
Scope Of The Report
Report Attributes
Report Details
Report Title
Modular Power Plants Market Research Report
By Type
Natural Gas Modular Power Plants, Diesel Modular Power Plants, Biofuel Modular Power Plants
By Application
Oil & Gas, Utility, Heavy Industry, Others
By Companies
Caterpillar Energy Solutions(MWM), APR Energy, Valmet, Wärtsilä, Ascot Industrial S.r.l., ABB, Aggreko, Bechtel Corporation, Siemens, GE Power, Caterpillar Energy Solutions(MWM), OnPower Grupos Geradores, WOIMA Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Modular Power Plants Market Report Segments:
The global Modular Power Plants market is segmented on the basis of:
Types
Natural Gas Modular Power Plants, Diesel Modular Power Plants, Biofuel Modular Power Plants
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Utility, Heavy Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar Energy Solutions(MWM)
- APR Energy
- Valmet
- Wärtsilä
- Ascot Industrial S.r.l.
- ABB
- Aggreko
- Bechtel Corporation
- Siemens
- GE Power
- Caterpillar Energy Solutions(MWM)
- OnPower Grupos Geradores
- WOIMA Corporation
Highlights of The Modular Power Plants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Gas Modular Power Plants
- Diesel Modular Power Plants
- Biofuel Modular Power Plants
- By Application:
- Oil & Gas
- Utility
- Heavy Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Modular Power Plants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A modular power plant is a type of power plant that is made up of multiple smaller plants that are connected together. This allows the plant to be scaled up or down as needed, which makes it more cost effective and efficient.
Some of the major companies in the modular power plants market are Caterpillar Energy Solutions(MWM), APR Energy, Valmet, W¤rtsil¤, Ascot Industrial S.r.l., ABB, Aggreko, Bechtel Corporation, Siemens, GE Power, Caterpillar Energy Solutions(MWM), OnPower Grupos Geradores, WOIMA Corporation.
The modular power plants market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modular Power Plants Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Modular Power Plants Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Modular Power Plants Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Modular Power Plants Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Modular Power Plants Market Size & Forecast, 2018-2028 4.5.1 Modular Power Plants Market Size and Y-o-Y Growth 4.5.2 Modular Power Plants Market Absolute $ Opportunity
Chapter 5 Global Modular Power Plants Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Modular Power Plants Market Size Forecast by Type
5.2.1 Natural Gas Modular Power Plants
5.2.2 Diesel Modular Power Plants
5.2.3 Biofuel Modular Power Plants
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Modular Power Plants Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Modular Power Plants Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Utility
6.2.3 Heavy Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modular Power Plants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Modular Power Plants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Modular Power Plants Analysis and Forecast
9.1 Introduction
9.2 North America Modular Power Plants Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Modular Power Plants Market Size Forecast by Type
9.6.1 Natural Gas Modular Power Plants
9.6.2 Diesel Modular Power Plants
9.6.3 Biofuel Modular Power Plants
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Modular Power Plants Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Utility
9.10.3 Heavy Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Modular Power Plants Analysis and Forecast
10.1 Introduction
10.2 Europe Modular Power Plants Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Modular Power Plants Market Size Forecast by Type
10.6.1 Natural Gas Modular Power Plants
10.6.2 Diesel Modular Power Plants
10.6.3 Biofuel Modular Power Plants
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Modular Power Plants Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Utility
10.10.3 Heavy Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Modular Power Plants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Modular Power Plants Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Modular Power Plants Market Size Forecast by Type
11.6.1 Natural Gas Modular Power Plants
11.6.2 Diesel Modular Power Plants
11.6.3 Biofuel Modular Power Plants
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Modular Power Plants Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Utility
11.10.3 Heavy Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Modular Power Plants Analysis and Forecast
12.1 Introduction
12.2 Latin America Modular Power Plants Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Modular Power Plants Market Size Forecast by Type
12.6.1 Natural Gas Modular Power Plants
12.6.2 Diesel Modular Power Plants
12.6.3 Biofuel Modular Power Plants
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Modular Power Plants Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Utility
12.10.3 Heavy Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Modular Power Plants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Modular Power Plants Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Modular Power Plants Market Size Forecast by Type
13.6.1 Natural Gas Modular Power Plants
13.6.2 Diesel Modular Power Plants
13.6.3 Biofuel Modular Power Plants
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Modular Power Plants Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Utility
13.10.3 Heavy Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Modular Power Plants Market: Competitive Dashboard
14.2 Global Modular Power Plants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar Energy Solutions(MWM)
14.3.2 APR Energy
14.3.3 Valmet
14.3.4 Wärtsilä
14.3.5 Ascot Industrial S.r.l.
14.3.6 ABB
14.3.7 Aggreko
14.3.8 Bechtel Corporation
14.3.9 Siemens
14.3.10 GE Power
14.3.11 Caterpillar Energy Solutions(MWM)
14.3.12 OnPower Grupos Geradores
14.3.13 WOIMA Corporation