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 key 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): about 5.73 billion US dollars
- Expected compound annual growth rate (2022-2027): 19%
- Expected market size (2027): about 8.69 billion US dollars
The increasing electricity requirements in various end-use industries are increasing the demand for natural gas generators. Low initial cost, continuous power supply and ease of installation are some of the main advantages of the equipment that enhance the smoothness of manufacturing processes. Meanwhile, strict government regulations aimed at reducing carbon dioxide emissions are likely to force major end-users of the generator to switch to a natural gas generator due to its CO2-free emissions and other environmentally friendly properties. Geographically, North America accounts for a large market share due to the well-developed infrastructure of the US gas network.
Definition of industry and main sectors
A natural gas generator is a type of generator that produces electricity through natural gas and is used in large facilities that require a continuous power supply. Natural gas can either be drawn from a direct line via pipelines by suppliers or by reservoirs. Natural gas generators do not require frequent refilling and burn cleanly with little waste. Moreover, this type of generator is easy to install and widely applied in commercial and industrial facilities.
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On the basis of strength classification, the market can be divided into:
- up to 100 kVA
- From 101 to 350 kVA
- 351-750 kVA
- Above 750 kV.
Based on the end user, the market has been segmented into:
The market can be segmented based on the application into:
Regional markets for natural gas generators include:
- North Amarica
- Asia Pacific
- Latin america
- Middle East and Africa
The major trends in the natural gas generator market include technological developments in the power and energy industry due to the huge demand for electrical appliances. Increasing investments in the power grid in emerging economies are expected to support market growth in the coming years. Meanwhile, switching from gasoline or diesel generators to natural gas generators in manufacturing facilities, due to increased storage, lower costs and environmentally friendly characteristics, is expected to be a major trend in the market. Moreover, the increasing demand for natural gas generators in the residential sectors due to the increasing dependence on electronic devices such as refrigerator, television and air conditioner, among others, is likely to lead to market growth in the coming years.
The main players in the market
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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