[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Global Natural Gas Generator Market Size Study & Forecast, by Power Rating (Low Power Gensets, Medium Power Gensets, High Power Gensets), By Application (Industrial, Commercial, Residential), and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: GDD8AC3B3913EN
Bizwit Research & Consulting LLP

US$ 4,950.00

E-mail Delivery (PDF), Hard Copy Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Global Natural Gas Generator Market is valued at approximately USD 7.94 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.4% over the forecast period 2023-2030. A natural gas generator also referred to as a gas-powered generator or gas genset is a device that converts natural gas into electricity. Natural gas must first be used in an internal combustion engine to provide mechanical energy, which an alternator or generator then uses to produce electrical energy to run a natural gas generator. These generators are frequently utilized as primary power sources in distant areas where grid energy is unreliable or unavailable, or as backup power sources in residential, commercial, and industrial settings. They also provide electricity during power outages. When compared to diesel or gasoline generators, natural gas generators are preferred because their combustion results in reduced emissions of pollutants such as carbon dioxide (CO2), nitrogen oxides (NOx), and particulate matter. In addition, compared to other fuels, natural gas is usually more readily accessible and less expensive, which makes natural gas generators a popular option for a variety of applications. The Natural Gas Generator Market is expanding because of factors such as the growing concern over the degradation of the environment, the imposition of stricter emissions regulations, and the rise in initiatives to promote the use of cleaner fuels.

In addition, the rapid growth in natural gas production to fulfill energy needs is acting as a catalyzing factor for market growth across the globe. Natural gas is playing a pivotal role in the reduction of greenhouse gas emissions, given its cleaner combustion compared to traditional fuels. Over the past years, natural gas production has surged significantly, bolstered by robust policies supporting sustainable development. According to Statista, in 2020 natural gas production worldwide was 3,861.5 billion cubic meters, and in 2022 natural gas production reached 4,089 billion cubic meters. This surge in production ensures a steady and ample fuel supply for generators, making them a reliable and cost-effective power solution. Additionally, the environmental benefits of natural gas, along with supportive government policies and technological advancements in generator technology, further propel market growth. Thus, these aforementioned factors are propelling the growth of the Natural Gas Generator Market during the estimated period. Moreover, the growing investment in sustainable energy development, as well as the rising advancements in natural gas generator technology, present various lucrative opportunities over the forecast years. However, the limited reserves of natural gas and high initial investment required for natural gas gensets in comparison to diesel gensets are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Natural Gas Generator Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the significant presence of leading gas genset OEMs and EPC players, extensive shale gas reserves, and well-established infrastructure for natural gas transportation. Also, factors such as abundant shale gas reserves and the government's increasing emphasis on promoting clean energy initiatives further contribute to the regional market growth. Whereas Asia Pacific is expected to grow at the highest CAGR over the forecast years. The Asia Pacific market is propelled by the necessity for reliable backup power systems. The robust growth of the industrial sector in China, India, Japan, and South Korea has spurred the demand for industrial generator sets across the region. Moreover, various government initiatives are fostering industrial development, which is forecasted to boost the demand for gas generator sets in industrial applications in the anticipated years.

Major market players included in this report are:

Caterpillar Inc.

Cummins Inc.

Generac Holdings Inc.

Mitsubishi Heavy Industries, Ltd.

Kohler Co., Inc.

General Electric Company

MTU Onsite Energy GMBH

Mahindra Powerol Ltd.

Yanmar Co., Ltd.

Cooper Corp.

Recent Developments in the Market:
  • In April 2024, Caterpillar Inc. unveiled the Cat DG450 Compact natural gas generator set, offering a 450 kW ultra-low NOx power solution tailored for non-emergency applications in regions designated by the U.S. Environmental Protection Agency (EPA). This latest addition to Caterpillar's lineup of natural gas-powered solutions enables customers to participate in energy market programs, providing flexibility and versatility in generating power as required.
Global Natural Gas Generator Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Power Rating, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Power Rating:

Low Power Gensets

Medium Power Gensets

High Power Gensets

By Application:

Industrial

Commercial

Residential

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Natural Gas Generator Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Natural Gas Generator Market, by Power Rating, 2020-2030 (USD Billion)
  1.2.3. Natural Gas Generator Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL NATURAL GAS GENERATOR MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL NATURAL GAS GENERATOR MARKET DYNAMICS

3.1. Natural Gas Generator Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing Concern over Degradation of Environment
    3.1.1.2. Rising Growth in Natural Gas Production to Fulfill Energy Needs
  3.1.2. Market Challenges
    3.1.2.1. Limited Reserves of Natural Gas
    3.1.2.2. High Initial Investment Required for Natural Gas Gensets in Comparison to Diesel Gensets
  3.1.3. Market Opportunities
    3.1.3.1. Growing Investment in Sustainable Energy Development
    3.1.3.2. Rising Advancements in Natural Gas Generator Technology

CHAPTER 4. GLOBAL NATURAL GAS GENERATOR MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL NATURAL GAS GENERATOR MARKET, BY POWER RATING

5.1. Market Snapshot
5.2. Global Natural Gas Generator Market by Power Rating, Performance - Potential Analysis
5.3. Global Natural Gas Generator Market Estimates & Forecasts by Power Rating 2020-2030 (USD Billion)
5.4. Natural Gas Generator Market, Sub Segment Analysis
  5.4.1. Low Power Gensets
  5.4.2. Medium Power Gensets
  5.4.3. High Power Gensets

CHAPTER 6. GLOBAL NATURAL GAS GENERATOR MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Natural Gas Generator Market by Application, Performance - Potential Analysis
6.3. Global Natural Gas Generator Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Natural Gas Generator Market, Sub Segment Analysis
  6.4.1. Industrial
  6.4.2. Commercial
  6.4.3. Residential

CHAPTER 7. GLOBAL NATURAL GAS GENERATOR MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Natural Gas Generator Market, Regional Market Snapshot
7.4. North America Natural Gas Generator Market
  7.4.1. U.S. Natural Gas Generator Market
    7.4.1.1. Power Rating breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Natural Gas Generator Market
7.5. Europe Natural Gas Generator Market Snapshot
  7.5.1. U.K. Natural Gas Generator Market
  7.5.2. Germany Natural Gas Generator Market
  7.5.3. France Natural Gas Generator Market
  7.5.4. Spain Natural Gas Generator Market
  7.5.5. Italy Natural Gas Generator Market
  7.5.6. Rest of Europe Natural Gas Generator Market
7.6. Asia-Pacific Natural Gas Generator Market Snapshot
  7.6.1. China Natural Gas Generator Market
  7.6.2. India Natural Gas Generator Market
  7.6.3. Japan Natural Gas Generator Market
  7.6.4. Australia Natural Gas Generator Market
  7.6.5. South Korea Natural Gas Generator Market
  7.6.6. Rest of Asia Pacific Natural Gas Generator Market
7.7. Latin America Natural Gas Generator Market Snapshot
  7.7.1. Brazil Natural Gas Generator Market
  7.7.2. Mexico Natural Gas Generator Market
7.8. Middle East & Africa Natural Gas Generator Market
  7.8.1. Saudi Arabia Natural Gas Generator Market
  7.8.2. South Africa Natural Gas Generator Market
  7.8.3. Rest of Middle East & Africa Natural Gas Generator Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Caterpillar Inc.
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Cummins Inc.
  8.3.3. Generac Holdings Inc.
  8.3.4. Mitsubishi Heavy Industries, Ltd.
  8.3.5. Kohler Co., Inc.
  8.3.6. General Electric Company
  8.3.7. MTU Onsite Energy GMBH
  8.3.8. Mahindra Powerol Ltd.
  8.3.9. Yanmar Co., Ltd.
  8.3.10. Cooper Corp

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Natural Gas Generator Market, report scope
TABLE 2. Global Natural Gas Generator Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Natural Gas Generator Market estimates & forecasts by Power Rating 2020-2030 (USD Billion)
TABLE 4. Global Natural Gas Generator Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Natural Gas Generator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Natural Gas Generator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Natural Gas Generator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Natural Gas Generator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Natural Gas Generator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Natural Gas Generator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Natural Gas Generator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Natural Gas Generator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Natural Gas Generator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Natural Gas Generator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Natural Gas Generator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Natural Gas Generator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of Global Natural Gas Generator Market
TABLE 70. List of primary sources, used in the study of Global Natural Gas Generator Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Natural Gas Generator Market, research methodology
FIG 2. Global Natural Gas Generator Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Natural Gas Generator Market, key trends 2022
FIG 5. Global Natural Gas Generator Market, growth prospects 2023-2030
FIG 6. Global Natural Gas Generator Market, porters 5 force model
FIG 7. Global Natural Gas Generator Market, pest analysis
FIG 8. Global Natural Gas Generator Market, value chain analysis
FIG 9. Global Natural Gas Generator Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Natural Gas Generator Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Natural Gas Generator Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Natural Gas Generator Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Natural Gas Generator Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Natural Gas Generator Market, regional snapshot 2020 & 2030
FIG 15. North America Natural Gas Generator Market 2020 & 2030 (USD Billion)
FIG 16. Europe Natural Gas Generator Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Natural Gas Generator Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Natural Gas Generator Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Natural Gas Generator Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


More Publications