Natural Gas Generator Market Size, Industry Analysis By Power Rating (Below 75kva, 75-375kva, 375-750kva, And Above 750kva), By Application (Stand-By And Continuous), By End-User (Residential, Commercial, And Industrial) & Region - Forecast
- PUBLISHED ON
- 2022-02-08
- NO OF PAGES
- 245
- CATEGORY
- Energy & Power
Global Natural Gas Generator Market Analysis by Power Rating, End User, Application, Region and segments forecast till 2033
Market Overview
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.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 9,820 Million |
Market Forecast in 2033 | USD 18,670 Million |
CAGR % 2023-2033 | 11.4% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Power Rating, End User, Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | 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 |
Key Companies | 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.
Application Insights
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.
Regional Insights
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.
Competitive Analysis
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
• 75-375kVA
• 375-750kVA
• above 750kVA
By Application:
• Stand-by
• Continuous
By End-User:
• Residential
• Commercial
• Industrial
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
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
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
4.1.2. 75-375kVA
4.1.3. 375-750kVA
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
5.1.1. Stand-by
5.1.2. Continuous
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
6.1.1. Residential
6.1.2. Commercial
6.1.3. Industrial
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
7.1.2. Europe
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)
8.1.2.1. By Power Rating
8.1.2.2. By Application
8.1.2.3. By End-User
8.1.2.4. By
Country
8.1.2.4.1. The
U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
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)
9.1.2.1. By Power Rating
9.1.2.2. By Application
9.1.2.3. By End-User
9.1.2.4. By
Country
9.1.2.4.1. Germany
9.1.2.4.2. U.K.
9.1.2.4.3. France
9.1.2.4.4. Italy
9.1.2.4.5. Spain
9.1.2.4.6. Russia
9.1.2.4.7. 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
10.1.2.4.1.
China
10.1.2.4.2.
Japan
10.1.2.4.3.
India
10.1.2.4.4.
Australia
10.1.2.4.5.
South Korea
10.1.2.4.6.
ASEAN
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)
11.1.2.1. By Power Rating
11.1.2.2. By Application
11.1.2.3. By End-User
11.1.2.4. By
Country
11.1.2.4.1. U.A.E.
11.1.2.4.2. Saudi
Arabia
11.1.2.4.3. Egypt
11.1.2.4.4. South
Africa
11.1.2.4.5. 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)
12.1.2.1. By Power Rating
12.1.2.2. By Application
12.1.2.3. By End-User
12.1.2.4. By
Country
12.1.2.4.1. Brazil
12.1.2.4.2. Argentina
12.1.2.4.3. Colombia
12.1.2.4.4. 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.
14.11. Others**
15. Research Methodology
15.1. External
Transportations / Databases
15.2. Internal
Proprietary Database
15.3. Primary
Research
15.4. Secondary
Research
15.5. Assumptions
15.6. Limitations
15.7. Report
FAQs
16. Research Findings & Conclusion
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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Market Estimates and Forecast
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Business Solution
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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