Gas Gensets Market to Cross USD 8 Bn by 2021, Says TechSci Research in Its New Report Available at MarketPublishers.com19 Jul 2016 • by Natalie Aster
LONDON – Rapidly increasing population number together with ongoing economic growth is resulting in power shortages worldwide. Moreover, there is a great demand-supply gap of electricity due to overconsumption, unexplored renewable energy options, poor aging infrastructure and also delay in commissioning of power plants. Furthermore, tax hikes, poor distribution networks, military coup, strikes, severe cold winters or hot summers, political events cause considerable fluctuations in electricity demand-supply scenario.
Therefore, a rising number of diesel and gas generator manufacturers take measures to fill the void, with different companies having already witnessed a remarkable sales surge during the last 5 years. However, falling natural gas prices along with continuous fluctuations in crude oil prices encourage customers to choose gas gensets instead of diesel gensets. Further boost to gas genset sales is given by strict emissions norms, implemented across different countries, particularly the US and European countries, in order to regulate the harmful emissions levels of diesel gensets.
By 2021, the value of the world’s gas gensets market is predicted to surpass USD 8 billion.
During 2016-2021, the high rating (350kVA-750kVA) gas gensets sector is expected to continue holding the dominant position in the marketplace, primarily due to increasing construction activities, growing services and industrial sectors, and ongoing infrastructure development.
New report “Global Gas Gensets Market By Rating, By End User, By Region, Competition Forecast and Opportunities, 2011 – 2021” by TechSci Research offers a comprehensive guide to the world’s gas gensets marketplace, explores top development trends and gives reliable data on the market dynamics. It examines the competitive environment, offers info on the major market players, outlines future growth opportunities and challenges and also gives forecasts for the market developments through 2021.
Other in-demand reports by this publisher are available in the TechSci Research page.