Market Overview:
The global natural gas generator set market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electricity and rising concerns over climate change. Natural gas generator sets are used for various applications such as agricultural, electrical, chemical, and others. Among these applications, the electrical segment is expected to witness highest growth during the forecast period owing to increasing demand for power in developing countries. Regionally, North America is expected to lead the global natural gas generator set market with a share of more than 30% by 2030 followed by Europe and Asia Pacific respectively.
Product Definition:
A natural gas generator set is a machine that converts natural gas into electrical energy. Natural gas is an abundant and clean-burning fuel, making it an attractive choice for generators. Generator sets powered by natural gas can provide backup power during outages or emergencies, or can be used to supply power to homes or businesses.
Small and Medium:
Small and medium is a term used for the generator set size which has an output of between 0.75 to 55 kW. The small and medium generator sets are mainly used in residential areas, commercial buildings, petrol stations, telecom towers, hospitals & clinics as well as in some other utility areas.
Large:
Large is a type of storage tank that can be used in natural gas generator set. It has the capacity of holding more than 3,000 gallons and it is mainly used for storing fuel for generators, vehicles or portable engines. Large size tanks are commonly found in diesel farms as they have to cater to large number of vehicles which require fuel at any particular time.
Compressor: It reduces the volume.
Application Insights:
The electrical application segment accounted for the largest revenue share of over 50% in 2017. The segment is projected to witness significant growth on account of increasing demand for gas engines in power generation applications from countries such as India, China and Japan. In addition, growing use of these sets as a replacement for diesel-based generators will drive the market growth over the forecast period.
The agricultural application segment was valued at USD 1,227.5 million in 2017 owing to high usage of natural gas engine driven equipment among farmers across U.S.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of more than 30%. The region is expected to continue its dominance over the forecast period. China, Australia, India, South Korea, Indonesia and Japan are some of the major countries that contribute to this growth. Increasing demand from end-use industries such as power generation; chemical processing; transportation; domestic applications along with rapid industrialization is projected to drive natural gas generator sets in Asia Pacific over the forecast period.
Europe held a significant market share owing to large-scale adoption in countries such as Russia and Norway where there is heavy reliance on renewable energy sources for electricity generation purposes. North America also had a considerable presence due to high usage across U.S.
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
- Rising prices of diesel and gasoline, making natural gas generators more economical to operate
- Advances in generator technology that make them more efficient and reliable
- Growing awareness of the benefits of using natural gas generators among businesses and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Gas Generator Set Market Research Report
By Type
Small and Medium, Large
By Application
Agricultural, Electrical, Chemical
By Companies
AEGIS, 2G Energy, Briggs & Stratton, Caterpillar, Cummins, Depco Power Systems, Dresser, Eaton, Generac Power Systems, MTU Onsite Energy Systems, Schneider Electric, Wartsila, General Electric Company, Weifang Naipute Gas Genset
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 Set Market Report Segments:
The global Natural Gas Generator Set market is segmented on the basis of:
Types
Small and Medium, Large
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
Agricultural, Electrical, Chemical
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:
- AEGIS
- 2G Energy
- Briggs & Stratton
- Caterpillar
- Cummins
- Depco Power Systems
- Dresser
- Eaton
- Generac Power Systems
- MTU Onsite Energy Systems
- Schneider Electric
- Wartsila
- General Electric Company
- Weifang Naipute Gas Genset
Highlights of The Natural Gas Generator Set 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:
- Small and Medium
- Large
- By Application:
- Agricultural
- Electrical
- Chemical
- 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 Set 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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 set is a device that converts natural gas into electrical energy.
Some of the major players in the natural gas generator set market are AEGIS, 2G Energy, Briggs & Stratton, Caterpillar, Cummins, Depco Power Systems, Dresser, Eaton, Generac Power Systems, MTU Onsite Energy Systems, Schneider Electric, Wartsila, General Electric Company, Weifang Naipute Gas Genset.
The natural gas generator set market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Natural Gas Generator Set 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 Set 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 Set Market - Supply Chain
4.5. Global Natural Gas Generator Set Market Forecast
4.5.1. Natural Gas Generator Set Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural Gas Generator Set Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural Gas Generator Set Market Absolute $ Opportunity
5. Global Natural Gas Generator Set 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 Set Market Size and Volume Forecast by Type
5.3.1. Small and Medium
5.3.2. Large
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural Gas Generator Set 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 Set Market Size and Volume Forecast by Application
6.3.1. Agricultural
6.3.2. Electrical
6.3.3. Chemical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural Gas Generator Set 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 Set 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 Set 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 Set 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 Set Demand Share Forecast, 2019-2026
9. North America Natural Gas Generator Set 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 Set 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 Set Market Size and Volume Forecast by Application
9.4.1. Agricultural
9.4.2. Electrical
9.4.3. Chemical
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 Set Market Size and Volume Forecast by Type
9.7.1. Small and Medium
9.7.2. Large
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 Set Demand Share Forecast, 2019-2026
10. Latin America Natural Gas Generator Set 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 Set 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 Set Market Size and Volume Forecast by Application
10.4.1. Agricultural
10.4.2. Electrical
10.4.3. Chemical
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 Set Market Size and Volume Forecast by Type
10.7.1. Small and Medium
10.7.2. Large
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 Set Demand Share Forecast, 2019-2026
11. Europe Natural Gas Generator Set 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 Set 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 Set Market Size and Volume Forecast by Application
11.4.1. Agricultural
11.4.2. Electrical
11.4.3. Chemical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural Gas Generator Set Market Size and Volume Forecast by Type
11.7.1. Small and Medium
11.7.2. Large
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 Set Demand Share, 2019-2026
12. Asia Pacific Natural Gas Generator Set 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 Set 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 Set Market Size and Volume Forecast by Application
12.4.1. Agricultural
12.4.2. Electrical
12.4.3. Chemical
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 Set Market Size and Volume Forecast by Type
12.7.1. Small and Medium
12.7.2. Large
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 Set Demand Share, 2019-2026
13. Middle East & Africa Natural Gas Generator Set 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 Set 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 Set Market Size and Volume Forecast by Application
13.4.1. Agricultural
13.4.2. Electrical
13.4.3. Chemical
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 Set Market Size and Volume Forecast by Type
13.7.1. Small and Medium
13.7.2. Large
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 Set Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Natural Gas Generator Set Market: Market Share Analysis
14.2. Natural Gas Generator Set Distributors and Customers
14.3. Natural Gas Generator Set Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AEGIS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. 2G 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. Briggs & Stratton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Caterpillar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cummins
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Depco Power Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dresser
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eaton
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Generac Power Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MTU Onsite Energy Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Schneider Electric
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wartsila
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. General Electric Company
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Weifang Naipute Gas Genset
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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