Natural Gas Generator Market

Global Natural Gas Generator Market Driven by Increased Use of Environmentally Friendly Generators in the Forecast Period 2022-2027 – Shanghaiist

The new report by Expert Market Research titled “Global Natural Gas Generators Market Report and Forecast 2022-2027” provides an in-depth analysis of the global Natural Gas Generators market, assessing the market based on its segments such as power ratings, end users, applications and key regions. The report tracks the latest trends in the industry and studies their impact on the market as a whole. It also assesses market dynamics, covering major demand and price indicators, along with market analysis based on SWOT and Porter Five Force models.

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The main points of the report include:

Market Overview (2017-2027)

  • Historical market size (2021): $5.73 billion
  • Expected compound annual growth rate (2022-2027): 19%
  • Expected market size (2027): $8.69 billion

Contemporary generators, like generating units, emit harmful gases such as nitrogen oxide, hydrocarbons and carbon monoxide due to diesel combustion. As a result, many regulatory agencies have enacted strict laws that make the use of diesel generators difficult. As a result, environmentally friendly alternatives to diesel generators, including natural gas power, are becoming increasingly popular. As the costs of natural gas fall, its use in the housing industry is likely to rise. As a result, the home gas generator market for standby power solutions is expected to rise in the coming years. The demand for gas generators, as opposed to generating units, which are considered more polluting, is expected to rise exponentially as US air pollution requirements become more stringent, along with environmental impacts.

Definition of industry and main sectors

A natural gas generator is a scheme that can generate electricity in times of emergency or power outage. It works through a mechanism based on natural gases such as methane and propane.

The market can be categorized based on the global natural gas generator power rating:

  • up to 100 kVA
  • 101-350 kVA
  • 351-750 kVA
  • Above 750 kVA

The market can be broadly classified on the basis of its end user into:

  • Industrial
  • commercial
  • residential

The market can also be categorized based on its application as follows:

On the basis of region, the market is divided into:

  • North Amarica
  • Europe
  • Latin america
  • Asia Pacific
  • Middle East and Africa

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Market trends

The development of environmentally friendly and sustainable generators can be linked to the expansion of the global market for natural gas generators. The abundance and low prices of natural gas, particularly in North America and Europe, have led to an increase in natural gas-fired power generation. Efforts to promote clean energy production as well as environmental concerns raised by emergency generators are expected to increase the share of natural gas generators in the coming years. In addition, the increasing demand for energy from various end-use industries, along with industrialization, urbanization and rising population levels, are pressing the need for an efficient and effective source of power generation, thus promoting the adoption of natural gas generators and market expansion.

The main market players

The major players in the market are Aggreko Plc. and Caterpillar Inc. and Cummins Inc. and APR Energy Inc. and Kohler Co. and Generac Holdings Inc. , among others. The report covers market shares, capabilities, plant transformations, expansions, investments, and mergers and acquisitions, among other recent developments of these market players.

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Read more reports 2022-2027 period / Outlook period 2022-2027 / 2022-2027 period / In the forecast period 2022-2027 / Outlook period 2022-2027 /

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