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
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
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?
So, mobile gas turbine gensets? Think of them as portable power plants on wheels! They're like thermal electric plants, but the whole shebang is packed onto a transport vehicle – hitched up and ready to roll at a moment's notice. These are super handy when you need power fast, whether it's a planned outage or an emergency. The heart of these mobile plants is usually a gas turbine. But it's not just the generator and turbine; you've also got all the bells and whistlesswitching gear, a full cable network, auxiliary equipment, a control panel, automation & signaling systems, and even spare parts. Basically, it's a self-contained power solution! They're perfect for places with a shaky infrastructure because they offer flexible, decentralized power. Imagine needing power after an earthquake or flood – these can swoop in and get the lights back on. Plus, they're useful for powering equipment building railroads, helping with logging, or even powering exploratory drilling rigs. Think of them as the main source of juice way out in the boonies, far from regular power lines. Or, they can be a reliable backup when the grid goes down.
U.S. Mobile Gas Turbine Gensets Market Overview
A "mobile gas turbine generator set" is basically a truck or trailer tricked out with its own little power plant – think alternator and all the other necessary bits and pieces. These are super handy as temporary power solutions, like when you're putting up new power lines or checking existing ones. And, of course, they're lifesavers as emergency backup power during a disaster or major outage. What's cool is that these sets are pretty small and lightweight, even though they need cooling water. They start up reliably, which is a huge plus, and they're perfect for spots where there's little to no existing power – like oil exploration sites! Plus, these mobile generators are dependable, run smoothly, and handle different environments like a champ. Because they're compact, lightweight, and adaptable, moving them around is a breeze. The smart design makes them easy to use, keep in good shape, and fix if needed.
The demand for mobile gas turbine gensets is really taking off, especially with the increasing need for electricity in rural areas. And, sadly, with more natural disasters like floods and earthquakes happening, the market is getting another boost. Plus, a lot of places just don't have reliable electricity setups, which is also helping things along. The fact that we're seeing more fracking for oil and gas in the U.S. is also expected to really drive market growth in the future. However, it's not all smooth sailing – the high cost of the parts and some worries about how reliable these turbines are, and the difficulty in troubleshooting them, is holding things back a bit. Still, the future looks bright for mobile gensets in the U.S.! There's a growing demand from the energy sector to keep up with everyone's power needs, and we're seeing more investment in making these gensets run on renewable energy. Technology is changing everything, and a clean energy mobile generator would be a total game-changer for power generation. It feels like commercializing clean mobile generator tech is inevitable, but we’re left wondering when. We’re eagerly waiting 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-
Think about where mobile gas turbines are used – it's mainly in areas like power generation, oil & gas, and a few other sectors. Right now, power generation is leading the pack, and a big reason is that more and more folks are using these mobile gas turbines in different ways to generate power. Think of them like tricked-out versions of jet engines boosting the demand for these markets! Plus, they're pretty great at delivering some of the cleanest, most efficient energy around, thanks to mobile gas turbine gensets. That's only going to make them even more popular. A lot of companies building these things in the U.S. are teaming up to get a bigger piece of the pie through partnerships and collaborations. And with the kind of money they're making, expect to see even more players jumping into the game soon, especially over the next few years.
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.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
VALUE(USD(MILLION))
KEY COMPANIES PROFILED
GE, Jereh Energy Equipment and Technologies Corporation, Solar Turbines Incorporated, Siemens, Mitsubishi Power Aero, and Kawasaki Heavy Industries
SEGMENTS COVERED
By Fuel Type, By Power Rating, and By Application.
CUSTOMIZATION SCOPE
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