Global Natural Gas Generator Market Analysis by Power Rating, End User, Application, Region and segments forecast till 2033
The global Natural Gas Generator market is currently valued at USD 9,820 million and is poised to amplify at a CAGR of 11.4% over 2023-2033, thereby amassing a valuation of USD 18,670 million by end of the assessment timeframe.
Market Size in 2022
USD 9,820 Million
Market Forecast in 2033
USD 18,670 Million
CAGR % 2023-2033
Production, Consumption, company share, company heatmap, company production capacity, growth factors and more
Power Rating, End User, Application
North America, Europe, APAC, South America and Middle East and Africa
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Caterpillar Inc., Cummins Inc., Generac Power System, Mitsubishi Heavy Industries, Ltd., Kohler Co., Inc., General Electric, MTU-onsite Energy GMBH, Mahindra Powerol, Yanmar Co., Ltd., and Coopercorp Generators
Natural gas generator refers to a type of generator which operates on natural fuel sources instead of diesel or gasoline. This equipment is affordable, easily available, and energy efficient in nature. Unlike conventional generators, these machines emit a lower amount of toxic gases including nitrogen, carbon dioxide, and sulphur. These generators are being widely adopted across residential complexes and various industrial units. Rising environmental consciousness of the masses, increasing instances of fossil fuel depletion, and rigid emission regulations across several nations are primarily aiding the industry expansion. Furthermore, technological advancements in the field, surging prevalence of pollution induced diseases, and widespread industrialization are creating lucrative opportunities for the market vertical to prosper.
Also, elevating demand for continuous power supply, population expansion, and prompt urbanization are adding momentum to the progression of this business sphere. Besides, rising R&D activities in the field and widespread availability of natural gas are creating an upward trend for the industry growth. Moreover, rising focus on power generation through renewable energy sources and surging construction of green buildings are adding momentum to the progression of this business sphere. On the contrary, dearth of skilled professionals to efficiently manage and operate these generators is limiting the remuneration scope of this market.
The rapid development in various industrial sectors along with population increase and widespread urbanization has escalated the demand for efficient and uninterrupted power supply. But, there has been a rising inclination towards the adoption of renewable electricity generation sources due to emission regulations, fossil fuel depletion, and surging pollution levels. This in turn has paved the way for natural gas generators to thrive in the market.
It is evident that the excessive usage of fossil fuels is posing a severe threat to the environment. Therefore, environmental regulatory bodies along with the governments of various nations have joined hands to promote the use of sustainable energy sources. These authorities have announced a number of investment policies aimed towards the development and promotion of eco-friendly power sources. These factors are adding traction to the overall industry growth.
Power rating Insights
The above 750kVA segment is expected to amass notable gains over the stipulated timeline owing to its ability to reduce emission rates.
The continuous segment is slated to generate high returns over 2023-2033 due to the elevating demand for uninterrupted power supply across the globe.
End user Insights
The industrial segment is anticipated to amplify considerably over the estimated time. This is ascribed to a prompt increase in the number of industries owing to rapid economic developments.
North America, Middle East & Africa, Europe, Latin America, and Asia Pacific are the major regions constituting the geographical ambit of this business sphere. Among these, Asia Pacific is projected capture a high revenue shares. This is attributable to the widespread industrialization, escalating demand for uninterrupted power supply, and stringent emission regulations.
The major companies characterizing the competitive terrain of this industry vertical are Caterpillar Inc., Cummins Inc., Generac Power System, Mitsubishi Heavy Industries, Ltd., Kohler Co., Inc., General Electric, MTU-onsite Energy GMBH, Mahindra Powerol, Yanmar Co., Ltd., and Coopercorp Generators.
· Notably, in June 2018, Aggreko announced the acquisition of Generator Hire Service to amplify its operations in Australia and garner substantial revenue shares.
Global Natural Gas Generator Market- Segmental Analysis
By Power Rating:
• Below 75kVA
• above 750kVA
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Natural Gas Generator Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Natural Gas Generator Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Card Type/Card Type
• Company Share Analysis by Product/Specification
1. Global Natural Gas Generator Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Natural Gas Generator Market Definition & Description
1.3. Global Natural Gas Generator Market Scope and Market Estimation
1.3.1. Global Natural Gas Generator Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)
1.3.2. Global Natural Gas Generator Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033
1.4. Market Segmentation
1.4.1. Power Rating of Global Natural Gas Generator Market
1.4.2. Application of Global Natural Gas Generator Market
1.4.3. End-User of Global Natural Gas Generator Market
1.4.4. Region of Global Natural Gas Generator Market
2. Executive Summary
2.1. Global Natural Gas Generator Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak on Global Natural Gas Generator Market Industry Development
2.2. Market Dynamics
2.2.4. Impact Analysis of Drivers and Restraints
2.3. Pricing Trends Analysis & Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. PEST Analysis
2.8. Russia-Ukraine War Impacts Analysis
2.9. Economic Downturn Analysis
2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region
3. Global Natural Gas Generator Market Estimates & Historical Trend Analysis (2020 - 2022)
4. Global Natural Gas Generator Market Estimates & Forecast Trend Analysis, By Power Rating
4.1. Global Natural Gas Generator Market Revenue (US$ Mn) Estimates and Forecasts, By Power Rating, 2023 to 2033
4.1.1. Below 75kVA
4.1.4. above 750kVA
5. Global Natural Gas Generator Market Estimates & Forecast Trend Analysis, By Application
5.1. Global Natural Gas Generator Market Revenue (US$ Mn) Estimates and Forecasts, By Application, 2023 to 2033
6. Global Natural Gas Generator Market Estimates & Forecast Trend Analysis, By End-User
6.1. Global Natural Gas Generator Market Revenue (US$ Mn) Estimates and Forecasts, By End-User, 2023 to 2033
7. Global Natural Gas Generator Market Estimates & Forecast Trend Analysis, By Region
7.1. Global Natural Gas Generator Market Revenue (US$ Mn) Estimates and Forecasts, By Region, 2023 to 2033
7.1.1. North America
7.1.3. Asia Pacific
7.1.4. Middle East & Africa
7.1.5. South America
8. North America Natural Gas Generator Market: Estimates & Forecast Trend Analysis
8.1. North America Natural Gas Generator Market Assessments & Key Findings
8.1.1. North America Natural Gas Generator Market Introduction
8.1.2. North America Natural Gas Generator Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
220.127.116.11. By Power Rating
18.104.22.168. By Application
22.214.171.124. By End-User
126.96.36.199. By Country
188.8.131.52.1. The U.S.
9. Europe Natural Gas Generator Market: Estimates & Forecast Trend Analysis
9.1. Europe Natural Gas Generator Market Assessments & Key Findings
9.1.1. Europe Natural Gas Generator Market Introduction
9.1.2. Europe Natural Gas Generator Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
184.108.40.206. By Power Rating
220.127.116.11. By Application
18.104.22.168. By End-User
22.214.171.124. By Country
126.96.36.199.7. Rest of Europe
10. Asia Pacific Natural Gas Generator Market: Estimates & Forecast Trend Analysis
10.1. Asia Pacific Market Assessments & Key Findings
10.1.1. Asia Pacific Natural Gas Generator Market Introduction
10.1.2. Asia Pacific Natural Gas Generator Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
10.1.2.1. By Power Rating
10.1.2.2. By Application
10.1.2.3. By End-User
10.1.2.4. By Country
10.1.2.4.5. South Korea
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Natural Gas Generator Market: Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Market Assessments & Key Findings
11.1.1. Middle East & Africa Natural Gas Generator Market Introduction
11.1.2. Middle East & Africa Natural Gas Generator Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
188.8.131.52. By Power Rating
184.108.40.206. By Application
220.127.116.11. By End-User
18.104.22.168. By Country
22.214.171.124.2. Saudi Arabia
126.96.36.199.4. South Africa
188.8.131.52.5. Rest of Middle East & Africa
12. South America Natural Gas Generator Market: Estimates & Forecast Trend Analysis
12.1. South America Market Assessments & Key Findings
12.1.1. South America Natural Gas Generator Market Introduction
12.1.2. South America Natural Gas Generator Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
184.108.40.206. By Power Rating
220.127.116.11. By Application
18.104.22.168. By End-User
22.214.171.124. By Country
126.96.36.199.4. Rest of South America
13. Competition Landscape
13.1. Global Natural Gas Generator Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants
13.2. Global Natural Gas Generator Market Concentration & Company Market Shares (%) Analysis, 2022
14. Company Profiles
14.1. Caterpillar Inc.
14.1.1. Company Overview & Key Stats
14.1.2. Financial Performance & KPIs
14.1.3. Product Portfolio
14.1.4. Business Strategy & Recent Developments
* Similar details would be provided for all the players mentioned below
14.2. Cummins Inc.
14.3. Generac Power System
14.4. Mitsubishi Heavy Industries
14.5. Kohler Co.
14.6. General Electric
14.7. MTU-onsite Energy GMBH
14.8. Mahindra Powerol
14.9. Yanmar Co.
14.10. Coopercorp Generators.
15. Research Methodology
15.1. External Transportations / Databases
15.2. Internal Proprietary Database
15.3. Primary Research
15.4. Secondary Research
15.7. Report FAQs
16. Research Findings & Conclusion
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