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Residential Gas Generator Market Size, Industry Analysis Report By Type (Portable, Stationary), By Power Rating (Up To 100 Kw, More Than 100 Kw) & Region – Forecast By 2030

  • PUBLISHED ON
  • 1970-01-01
  • NO OF PAGES
  • 212
  • CATEGORY
  • Energy & Power
The Residential Gas Generator Market: Overview

The Residential Gas Generator Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) over the forecast period. Machines that transform mechanical energy into electrical energy are known as generators. Mobile or portable generators and stationary generators are the two different categories of generators. Generators can be powered by a variety of fuels, including diesel, natural gas, and renewable gas. The most popular type of generators are gas ones, which are made to produce the most power possible while being highly reliable, readily available, and inexpensive to operate and maintain.

The Residential Gas Generator Market - Growth Factor

The main causes of power outages are bad weather and natural disasters. Natural weather events like lightning, rain, snow, ice, wind, floods, and severe storms are typically to blame for power outages. Such natural disasters stop the steady flow of electricity, which results in serious flaws or failures in the power grid. Residential consumers therefore rely on gas generators as a backup power source. The need for constant power and an unstable power supply have increased demand for residential gas generators. An advantage over diesel generators is the environmental friendliness of natural gas.

Generators powered by natural gas emit less CO2, nitrogen, and sulphur. Additionally, these generator sets are quieter and smell-free when in use. The market for residential gas generators is driven by these elements. The adoption of residential gas generators is also likely to be fuelled by ongoing developments in gas generator production and design, as well as the falling price of natural gas.

The Residential Gas Generator Market – Market Trends

• The Residential Gas Generator Market has undergone significant development in recent years, and it is predicted that it will expand significantly over the coming years.
• An engine that burns fossil fuels and an electrical genset are combined to form a generator. One of the least expensive and most dependable sources of backup power is a genset.
• Setting up a power genset is easy, and the tasks are practical. Consequently, it is anticipated that they will be used in applications such as telecom, residential, oil & gas, and hospitals.
• When compared to power generators, the alternative emergency power supplies available include solar energy panel boards and inverters; however, their operating costs are lower.

The Residential Gas Generator Market – Segmentation

The Residential Gas Generator Market fragrance concentrates market has been sub-classified into type, power rating.

On the basis of type, the Residential Gas Generator Market is bifurcated into:
• Portable
• Stationary
• others

On the basis of power rating, the market is segmented into:
• Up to 100 kW
• More than 100 kW
• others

The Residential Gas Generator Market –Regional Analysis

North America dominated the global Residential Gas Generator Market, due to the EPA's strict emission regulations, the residential gas generator market is expected to significantly contribute during the forecast period.

The Residential Gas Generator Market – Key Market players

Global key players of Residential Gas Generator Market include Cummins Inc., Caterpillar Inc., Aggreko PLC, Kirloskar Electric Co. Ltd., Himoinsa S.L., and F.G.Wilson Inc., and others.

Report scope
Global Residential Gas Generator Market: Historical Years- 2018-2021
Global Residential Gas Generator Market: Forecast Years- 2022-2030

1.       Global Residential Gas Generator Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Residential Gas Generator Market Scope and Market Estimation

1.2.1.Global Residential Gas Generator Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market CAGR (%), Market forecast (2023 - 2030)

1.2.2.Global Residential Gas Generator Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2030

1.3.    Market Segmentation

1.3.1.Type of Global Residential Gas Generator Market

1.3.2.Power Rating of Global Residential Gas Generator Market

1.3.3.Region of Global Residential Gas Generator Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.   Global Residential Gas Generator Market Application Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Residential Gas Generator Market Application Development

3.2.   Market Dynamics

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Value Chain/ Ecosystem Analysis

3.3.1.Manufacturers / Vendors

3.3.2.Distributors

3.3.3.Buyers / End-users

3.3.4.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Residential Gas Generator Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   Porter’s Five Forces Analysis

3.5.1.Bargaining Power of Suppliers

3.5.2.Bargaining Power of Buyers

3.5.3.Threat of Substitutes

3.5.4.Threat of New Entrants

3.5.5.Competitive Rivalry

3.6.   PEST Analysis

3.6.1.Political Factors

3.6.2.Economic Factors

3.6.3.Social Factors

3.6.4.Technological Factors

3.7.   Impact of Russia Ukraine War on Residential Gas Generator Market

3.8.   Impact of Economic Downturn on Residential Gas Generator Market

3.9.   Residential Gas Generator Production Capacity, by Major Countries

3.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global Residential Gas Generator Market Estimates & Forecast Trend Analysis, by Type

4.1.    Global Residential Gas Generator Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Type, 2019 to 2030

4.1.1.Portable

4.1.2.Stationary

4.1.3.Others

5.       Global Residential Gas Generator Market Estimates & Forecast Trend Analysis, by Power Rating

5.1.    Global Residential Gas Generator Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Power Rating, 2019 to 2030

5.1.1.Up to 100 kW

5.1.2.More than 100 kW

5.1.3.Others

6.       Global Residential Gas Generator Market Estimates & Forecast Trend Analysis, by Region

6.1.    Global Residential Gas Generator Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region, 2019 to 2030

6.1.1.North America

6.1.2.Europe

6.1.3.Asia Pacific

6.1.4.Middle East & Africa

6.1.5.South America

7.       North America Residential Gas Generator Market: Estimates & Forecast Trend Analysis

7.1.    North America Residential Gas Generator Market Assessments & Key Findings

7.1.1.Residential Gas Generator Market Introduction

7.1.2.Residential Gas Generator Market Size Estimates and Forecast (US$ Million & Units) (2019 – 2030)

7.1.2.1.   By Type

7.1.2.2.   By Power Rating

7.1.2.3.   By Country

7.1.2.3.1.     The U.S.

7.1.2.3.2.     Canada

7.1.2.3.3.     Mexico

8.       Europe Residential Gas Generator Market: Estimates & Forecast Trend Analysis

8.1.    Europe Residential Gas Generator Market Assessments & Key Findings

8.1.1.Residential Gas Generator Market Introduction

8.1.2.Residential Gas Generator Market Size Estimates and Forecast (US$ Million & Units) (2019 – 2030)

8.1.2.1.   By Type

8.1.2.2.   By Power Rating

8.1.2.3.        By Country

8.1.2.3.1.     Italy

8.1.2.3.2.     Germany

8.1.2.3.3.     U.K.

8.1.2.3.4.     France

8.1.2.3.5.     Spain

8.1.2.3.6.     Rest of Europe

9.       Asia Pacific Residential Gas Generator Market: Estimates & Forecast Trend Analysis

9.1.    Asia Pacific Market Assessments & Key Findings

9.1.1.Residential Gas Generator Market Introduction

9.1.2.Residential Gas Generator Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2030)

9.1.2.1.   By Type

9.1.2.2.   By Power Rating

9.1.2.3.        By Country

9.1.2.3.1.     China

9.1.2.3.2.     Japan

9.1.2.3.3.     India

9.1.2.3.4.     Australia

9.1.2.3.5.     South Korea

9.1.2.3.6.     ASEAN

9.1.2.3.7.     Rest of Asia Pacific

10.   Middle East & Africa Residential Gas Generator Market: Estimates & Forecast Trend Analysis

10.1.  Middle East & Africa Market Assessments & Key Findings

10.1.1.   Residential Gas Generator Market Introduction

10.1.2.   Residential Gas Generator Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2030)

10.1.2.1.    By Type

10.1.2.2.    By Power Rating

10.1.2.3.    By Country

10.1.2.3.1. U.A.E.

10.1.2.3.2. Saudi Arabia

10.1.2.3.3. Egypt

10.1.2.3.4. South Africa

10.1.2.3.5. Rest of Middle East & Africa

11.   South America Residential Gas Generator Market: Estimates & Forecast Trend Analysis

11.1.  South America Market Assessments & Key Findings

11.1.1.   Residential Gas Generator Market Introduction

11.1.2.   Residential Gas Generator Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2030)

11.1.2.1.    By Type

11.1.2.2.    By Power Rating

11.1.2.3.    By Country

11.1.2.3.1. Brazil

11.1.2.3.2. Argentina

11.1.2.3.3. Colombia

11.1.2.3.4. Rest of South America

12.   Competition Landscape

12.1.  Residential Gas Generator Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2.  Residential Gas Generator Market Competition White Space Analysis, By End-user

12.3.  Residential Gas Generator Market Competition Regional Intensity Map Analysis, By Geographies Served

12.4.  Residential Gas Generator Market Concentration & Company Market Shares (%) Analysis, 2022

13.   Company Profiles

13.1.Cummins Inc

13.1.1.    Company Overview & Key Stats

13.1.2.    Financial Performance & KPIs

13.1.3.    Product Portfolio

13.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.Caterpillar Inc.,

13.3.Aggreko PLC,

13.4.Kirloskar Electric Co. Ltd.,

13.5.Himoinsa S.L.,

13.6.F.G.Wilson Inc

13.7.Others**

14.   Research Methodology

14.1.      External Power Outputs / Databases

14.2.      Internal Proprietary Database

14.3.      Primary Research

14.4.      Secondary Research

14.5.      Assumptions

14.6.      Limitations

14.7.      Report FAQs

15.   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).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


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.

Frequently Asked Questions

What are the drivers shaping various markets?

The adoption of residential gas generators is also likely to be fuelled by ongoing developments in gas generator production and design, as well as the falling price of natural gas.

Who are the key competitors of market Players?

Some of the major players operating within the market are Cummins Inc., Caterpillar Inc., Aggreko PLC, Kirloskar Electric Co. Ltd., Himoinsa S.L., and F.G.Wilson Inc., and others.

What are the top performing segments, and countries / regions of each of the markets?

North America dominated the global Residential Gas Generator Market

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