U.S. Mobile Gas Turbine Gensets Market Size By Fuel Type(CNG, LNG), By Power Rating(21-50MW, 11-20MW, and 1-10MW), By Application(power generation, oil & gas) And Forecast

U.S. Mobile Gas Turbine Gensets Market Size And Forecast

U.S. Mobile Gas Turbine Gensets Market size was valued at USD 1,343.31 Million in 2021 and is projected to reach USD 2,801.40 Million by 2030, growing at a CAGR of 9.13% from 2023 to 2030.

The market for mobile gas turbine gensets is rapidly expanding as a result of the rising demand for electricity in rural areas. Additionally, the frequency of natural disasters like floods and earthquakes is rising, which is propelling market expansion. The U.S. Mobile Gas Turbine Gensets Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Mobile Gas Turbine Gensets?

Mobile gas turbine gensets are typically thermal electric type power plants, where all the component equipment is installed on a transport vehicle and attached to a moving vehicle that can carry this generator set swiftly. These are utilized in a variety of applications that demand temporary or emergency power. Typically, the main motors for such mobile power plants are gas turbines. The equipment also contains the switching apparatus, full cable network, auxiliary equipment, control panel, automation & signaling systems, and replacement components in addition to the electric generator and primary motor. For places with poor infrastructure, these power plants provide flexible, decentralized power generation and a quick supply of electricity. These are employed in the event of a natural disaster, such as an earthquake or a flood. These can also be used to power equipment used in building railroads and logging operations, and exploratory drilling rigs. At a position far from the main power transmission lines, these act as the main power source. They also act as backup supplies in situations when other power is typically accessible.

U.S. Mobile Gas Turbine Gensets Market Overview

A truck or trailer outfitted with a power plant, alternator, and other ancillary equipment is referred to as a mobile gas turbine generator set. These systems work well as temporary power sources for tasks like power line installation or inspection as well as an emergency power supply in the event of a disaster or widespread power loss. These gas turbine generator sets are small and light, require cooling water, have excellent starting dependability, and are used in places with limited or no power supplies to carry out diverse operations like oil explorations. These mobile generator sets are also dependable, function consistently, and adapt well to the environment. They are also easy to transport because they are compact, lightweight, and flexible. Its compact and suitable structural design makes it easy to operate, maintain, and repair.

The market for mobile gas turbine gensets is rapidly expanding as a result of the rising demand for electricity in rural areas. Additionally, the frequency of natural disasters like floods and earthquakes is rising, which is propelling market expansion. Furthermore, the fact that some locations lack standardized electricity infrastructure is having a favorable impact on market growth. The rising fracking activities across the U.S. states for extracting natural gas and oil from deep layers of the Earth further escalate the market growth in the coming years. The market expansion of the mobile gas turbine gensets industry is, however, constrained by the high cost of the components used in these turbines as well as their dependability and troubleshooting concerns. Nevertheless, the mobile gensets industry in the U.S. will have profitable growth possibilities in the coming years owing to the rising demand for gensets from the energy sector to meet the expanding energy demands across various industries and the rising investments in creating renewable source options for these gensets. Advances in technology are creating unimaginable disruptions, and using a mobile generator as a clean energy source would be a game-changer in the power generation industry. The commercialization of clean mobile generator technology seems inevitable, but how soon that would be possible remains to be seen, until then we can only wait with tension and excitement for the next generation of generators.

U.S. Mobile Gas Turbine Gensets MarketSegmentation Analysis

U.S. Mobile Gas Turbine Gensets Market is segmented on the basis of Fuel Type, Power Rating, and Application.

U.S. Mobile Gas Turbine Gensets Market By Fuel Type

• CNG
• LNG
• Others

To Get Summarized Market Report By Fuel Type- 

By fuel type, the U.S. mobile gas turbine gensets market is mainly segmented into CNG, LNG, and others. CNG holds the largest market share in the industry as it is the best gas and is preferably chosen with the aim to reduce the harmful carbon emissions in the environment and thereby be regarded as a “green gas.” CNG is best suitable for the sustainability parameter with its non-corrosive nature. Additionally, its availability in economical cost is the added advantage increasing the demand.

U.S. Mobile Gas Turbine Gensets Market By Power Rating

• 21-50MW
• 11-20MW
• 1-10MW

To Get Summarized Market Report By Power Rating- 

Based on the power rating, the industry is bifurcated into 21-50MW, 11-20MW, and 1-10MW. 21-50MW is anticipated to dominate the mobile gas turbine gensets market owing to its excellent use in providing low-emission performance in various situations and water availability scenarios along with high reliability with a control system is expected to grow the market. Therefore, it makes a great choice for customers who need a tailored power generation solution.

U.S. Mobile Gas Turbine Gensets Market By Application

• Power Generation
• Oil & Gas
• Others

To Get Summarized Market Report By Application- 

Based on the application, the industry is split into power generation, oil & gas, and others. The segment of power generation has the largest market share because of the increasing use of mobile gas turbines in various applications in power generation such as their use as aero derivatives are upscaling the demand for the market. Also, the ability to deliver one of the cleanest and most efficient forms of energy is achieved through the use of mobile gas turbine gensets which is likely to rise demand for the market.Several manufacturers involved in the U.S. mobile gas turbine gensets industry boost their industry presence, through partnerships and collaborations. Over the anticipated timeframe, new entrants will grow steadily, powered by substantial profit margins.

Key Players

GE, Jereh Energy Equipment and Technologies Corporation, Solar Turbines Incorporated, Siemens, Mitsubishi Power Aero, and Kawasaki Heavy Industries are some prominent players in the market.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In August 2022, Kawasaki Heavy Industries, Ltd. announced that the M5A gas turbine, which launched in the market in November 2017 and has the world’s greatest efficiency in the 5 MW class, has surpassed 100,000 commercial operation hours. M5A gas turbines have been delivered to customers all over the world and have a reliability record that exceeds 99% in commercial operation.

• In February 2022, Solar Alliance Energy Inc. announced that it has completed the acquisition of a 389-kilowatt (“kW”) project in New York State from Abundant Solar Power Inc. to expand its business in 2022.

• In June 2022, Jereh announced that they were awarded an order for a set of Apollo direct drive turbine frac pumper in North America, with a contract value exceeding USD 30 million.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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