Market Overview:
The global natural gas generator market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for electricity and rising concerns over climate change. In terms of type, the below 20 kW segment is expected to dominate the market during the forecast period owing to its low cost and easy installation. However, in terms of revenue, the 1 MW to 2 MW segment is projected to register highest growth rate during 2018-2030.
Product Definition:
A natural gas generator is a device that uses natural gas to generate electricity. Natural gas generators are used to provide backup power during outages, and to supply power to facilities that are not connected to the electrical grid.
Below 20KW:
Below 20KW, it's usage.
The global below 20KW generator demand was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022.
20KW to 100KW:
20KW to 100KW is the range of power output for a generator set. It is used in natural gas generator market. A 20-100 KW power generator sets are mainly used in emergency situations or for starting an engine which has stopped responding due to electrical failure, during grid blackouts, and other similar reasons.
Application Insights:
The utility application segment led the global natural gas generator market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Increasing use of coal as an energy source has resulted in decline in demand for natural gas across power generation applications owing to its higher combustion rate. However, rapid industrialization and urbanization have led to increase in electricity demand, which is expected to drive the utility segment over the forecast period.
The residential sector accounted for more than 40% of total revenue share in 2017 on account of growing usage as an energy source across single housing units or multi-family buildings with central kitchen and separate dining area located within a house or apartment building complex.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of more than 30% owing to the presence of major gas generator manufacturers such as Siemens, Alstom, General Electric, Toshiba and Mitsubishi. The region is expected to continue its dominance over the forecast period. Increasing industrialization coupled with growing electricity demand in emerging economies including China and India is anticipated to drive natural gas based power generation projects over the next eight years. This will lead to increased utilization of generators in this region.
Europe also held a significant market share due to increasing focus on reducing carbon emissions through shifting from conventional fossil fuel based power plants towards cleaner natural gas-based generators for electricity generation purposes.
North America accounted for a substantial revenue share owing both ends; i.e.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of natural gas generators
- Technological advancements making natural gas generators more efficient and reliable
- Growing awareness about the benefits of using natural gas generators over other types of generators
- Rising prices of traditional fuels such as diesel, petrol, and kerosene
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Gas Generator Market Research Report
By Type
Below 20KW, 20KW to 100KW, 101KW to 500KW, 501KW to 1MW, 1MW to 2MW, 2MW to 5MW, Above 5MW
By Application
Residential, Commercial, Industrial, Utility
By Companies
Caterpillar, GE Energy, Cummins, Dresser-Rand (part of Siemens), Generac, Kohler, MTU Onsite Energy, Himoinsa, Rolls-Royce, Mitsubishi, Ettes Power, Multiquip, Jinan Diesel Engine Co.,Ltd. (JDEC), Shandong Naipute Gas Power Co.,Ltd., Zibo Diesel Engine Parent Company
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Natural Gas Generator Market Report Segments:
The global Natural Gas Generator market is segmented on the basis of:
Types
Below 20KW, 20KW to 100KW, 101KW to 500KW, 501KW to 1MW, 1MW to 2MW, 2MW to 5MW, Above 5MW
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
Residential, Commercial, Industrial, Utility
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
- GE Energy
- Cummins
- Dresser-Rand (part of Siemens)
- Generac
- Kohler
- MTU Onsite Energy
- Himoinsa
- Rolls-Royce
- Mitsubishi
- Ettes Power
- Multiquip
- Jinan Diesel Engine Co.,Ltd. (JDEC)
- Shandong Naipute Gas Power Co.,Ltd.
- Zibo Diesel Engine Parent Company
Highlights of The Natural Gas Generator 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:
- Below 20KW
- 20KW to 100KW
- 101KW to 500KW
- 501KW to 1MW
- 1MW to 2MW
- 2MW to 5MW
- Above 5MW
- By Application:
- Residential
- Commercial
- Industrial
- Utility
- 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 Natural Gas Generator 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.
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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 natural gas generator is a machine that converts natural gas into electricity.
Some of the major companies in the natural gas generator market are Caterpillar, GE Energy, Cummins, Dresser-Rand (part of Siemens), Generac, Kohler, MTU Onsite Energy, Himoinsa, Rolls-Royce, Mitsubishi, Ettes Power, Multiquip, Jinan Diesel Engine Co.,Ltd. (JDEC), Shandong Naipute Gas Power Co.,Ltd., Zibo Diesel Engine Parent Company.
The natural gas generator market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Natural Gas Generator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Natural Gas Generator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Natural Gas Generator Market - Supply Chain
4.5. Global Natural Gas Generator Market Forecast
4.5.1. Natural Gas Generator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural Gas Generator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural Gas Generator Market Absolute $ Opportunity
5. Global Natural Gas Generator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Natural Gas Generator Market Size and Volume Forecast by Type
5.3.1. Below 20KW
5.3.2. 20KW to 100KW
5.3.3. 101KW to 500KW
5.3.4. 501KW to 1MW
5.3.5. 1MW to 2MW
5.3.6. 2MW to 5MW
5.3.7. Above 5MW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural Gas Generator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Natural Gas Generator Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Utility
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural Gas Generator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Natural Gas Generator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Natural Gas Generator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Natural Gas Generator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Natural Gas Generator Demand Share Forecast, 2019-2026
9. North America Natural Gas Generator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Natural Gas Generator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Natural Gas Generator Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.4.4. Utility
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Natural Gas Generator Market Size and Volume Forecast by Type
9.7.1. Below 20KW
9.7.2. 20KW to 100KW
9.7.3. 101KW to 500KW
9.7.4. 501KW to 1MW
9.7.5. 1MW to 2MW
9.7.6. 2MW to 5MW
9.7.7. Above 5MW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Natural Gas Generator Demand Share Forecast, 2019-2026
10. Latin America Natural Gas Generator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Natural Gas Generator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Natural Gas Generator Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.4.4. Utility
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Natural Gas Generator Market Size and Volume Forecast by Type
10.7.1. Below 20KW
10.7.2. 20KW to 100KW
10.7.3. 101KW to 500KW
10.7.4. 501KW to 1MW
10.7.5. 1MW to 2MW
10.7.6. 2MW to 5MW
10.7.7. Above 5MW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Natural Gas Generator Demand Share Forecast, 2019-2026
11. Europe Natural Gas Generator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Natural Gas Generator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Natural Gas Generator Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.4.4. Utility
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural Gas Generator Market Size and Volume Forecast by Type
11.7.1. Below 20KW
11.7.2. 20KW to 100KW
11.7.3. 101KW to 500KW
11.7.4. 501KW to 1MW
11.7.5. 1MW to 2MW
11.7.6. 2MW to 5MW
11.7.7. Abve 5MW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Natural Gas Generator Demand Share, 2019-2026
12. Asia Pacific Natural Gas Generator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Natural Gas Generator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Natural Gas Generator Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.4.4. Utility
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Natural Gas Generator Market Size and Volume Forecast by Type
12.7.1. Below 20KW
12.7.2. 20KW to 100KW
12.7.3. 101KW to 500KW
12.7.4. 501KW to 1MW
12.7.5. 1MW to 2MW
12.7.6. 2MW to 5MW
12.7.7. Above 5MW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Natural Gas Generator Demand Share, 2019-2026
13. Middle East & Africa Natural Gas Generator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Natural Gas Generator Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Natural Gas Generator Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.4.4. Utility
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Natural Gas Generator Market Size and Volume Forecast by Type
13.7.1. Below 20KW
13.7.2. 20KW to 100KW
13.7.3. 101KW to 500KW
13.7.4. 501KW to 1MW
13.7.5. 1MW to 2MW
13.7.6. 2MW to 5MW
13.7.7. Above 5MW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Natural Gas Generator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Natural Gas Generator Market: Market Share Analysis
14.2. Natural Gas Generator Distributors and Customers
14.3. Natural Gas Generator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE Energy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cummins
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dresser-Rand (part of Siemens)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Generac
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kohler
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MTU Onsite Energy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Himoinsa
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rolls-Royce
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ettes Power
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Multiquip
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jinan Diesel Engine Co.,Ltd. (JDEC)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shandong Naipute Gas Power Co.,Ltd.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Zibo Diesel Engine Parent Company
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook