Global Natural Gas Generators Market to Reach $19.1 Billion by 2030
The global market for Natural Gas Generators estimated at US$9.8 Billion in the year 2023, is expected to reach US$19.1 Billion by 2030, growing at a CAGR of 10.1% over the analysis period 2023-2030. Low Power Generators, one of the segments analyzed in the report, is expected to record a 10.1% CAGR and reach US$8.6 Billion by the end of the analysis period. Growth in the Medium Power Generators segment is estimated at 11.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 9.3% CAGR
The Natural Gas Generators market in the U.S. is estimated at US$3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 9.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.4% and 8.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.
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