Natural Gas Generator Market By Application (Stand-by, Continous), By Power Rating (Less than 75 kVA, 75-375 kVA, Above 375 kVA), By End User (Commercial, Residential, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global natural gas generator market size was valued at $5.5 billion in 2021 and is projected to reach $10.4 billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031.
Natural gas generators, as the name suggests, use natural gas, which includes the propane used for backyard grills or the methane that utilities supply through underground lines, to generate electricity. An internal combustion engine injects a mixture of fuel and air into a combustion chamber, where a piston compresses the mix. A spark plug ignites the fuel, driving the piston down and turning a crankshaft. The crankshaft, in turn, spins the generator's rotor in an electromagnetic field, generating an electric current that can charge batteries, power appliances, or even run high-wattage tools, depending on the generator's size. Proponents of natural gas generators tout a number of benefits.
Natural gas is easier to access during a disaster (like the hurricane scenario) because it is carried in the underground, wind- and stormproof lines, and is readily available anywhere. It is also easier to store than diesel or gasoline. In addition, diesel generators can grow fungus, become gelled or develop sediment if stored improperly. According to the Natural Gas Supply Association, as long as a propane container remains intact, the gas can remain useable for an indefinite period of time. The natural gas generator market is segmented on the basis of application, power rating, end user, and region. On the basis of application, the market is categorized into standby and continuous. On the basis of power rating, it is divided into Less than 75 kVA, 75-375 kVA, and Above 375 kVA. On the basis of end users, it is classified into commercial, residential and industrial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global natural gas generator market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Weichai Group (China), Kohler Co. (US), Atlas Copco (Sweden), Denyo (Japan), Wacker Neuson (Germany), Doosan (South Korea), Greaves Cotton Limited (India), Kirloskar Oil Engines Ltd. (India), Siemens (Germany), Aksa Energy (Turkey), Wärtsilä (Finland), Honda (Japan), Briggs & Stratton (US), ABB (Germany) and Yanmar (Japan).
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the natural gas generator market analysis from 2021 to 2031 to identify the prevailing natural gas generator market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the natural gas generator market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global natural gas generator market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Stand-by
Continous
By Power Rating
Less than 75 kVA
75-375 kVA
Above 375 kVA
By End User
Commercial
Residential
Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
UK
Spain
France
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Generac Holdings Inc.
Caterpillar Inc.
aksa power generation
Cooper Corporation
Mitsubishi Heavy Industries Ltd
.KOHLER CO.
Cummins Inc.
General Electric Company
F.G. Wilson
MTU America Inc.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook