Natural Gas Generators

Natural Gas Generators

Global Natural Gas Generators Market to Reach US$21.4 Billion by 2030

The global market for Natural Gas Generators estimated at US$10.9 Billion in the year 2023, is expected to reach US$21.4 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$9.5 Billion by the end of the analysis period. Growth in the Medium Power Generators segment is estimated at 11.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.0 Billion While China is Forecast to Grow at 9.3% CAGR

The Natural Gas Generators market in the U.S. is estimated at US$3.0 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 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.3% and 8.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.

Global Natural Gas Generators Market - Key Trends and Drivers Summarized

How Are Natural Gas Generators Powering Industry Growth?

Natural gas generators are gaining traction as a clean and efficient alternative to traditional diesel and gasoline generators. Used across sectors such as industrial, commercial, and residential, these generators provide reliable backup power while emitting fewer pollutants. As industries face increasing pressure to reduce their carbon footprints, natural gas generators present a more environmentally friendly solution for power generation. With the rising adoption of renewable energy sources, natural gas generators are often used as backup solutions to ensure continuous power supply when solar or wind resources are unavailable.

What Are the Key Market Trends Shaping Natural Gas Generator Adoption?

Several trends are influencing the market for natural gas generators, including the shift toward sustainable energy solutions and stringent emissions regulations worldwide. The push for decentralized power generation and microgrids is also boosting the demand for natural gas generators, as they provide a stable energy source in remote or off-grid locations. Technological advancements, such as enhanced fuel efficiency and reduced noise levels, are making natural gas generators more appealing to various industries. Additionally, natural gas infrastructure expansions in emerging markets are making the adoption of these generators more feasible.

Which Market Segments Are Leading the Growth in Natural Gas Generators?

Small generators (below 50 kW) are commonly used in residential and small commercial settings, while larger units (above 500 kW) cater to industrial applications and large commercial establishments. In terms of end-use, the industrial sector dominates, driven by the need for backup power in manufacturing and production facilities. The commercial sector is also a significant contributor, especially in regions with unreliable grid infrastructure. North America and Europe lead the market, benefiting from established natural gas networks, while Asia-Pacific is experiencing rapid growth due to industrial expansion and increasing energy demand.

What Factors Are Driving the Growth in the Natural Gas Generators Market?

The growth in the natural gas generator market is driven by several factors, including the global shift towards cleaner energy sources and increased awareness about carbon emissions. Stringent environmental regulations are pushing industries to seek low-emission alternatives like natural gas generators. Additionally, the rising demand for uninterrupted power supply, especially in critical sectors such as healthcare and data centers, is fueling the adoption of natural gas generators. Technological advancements that enhance generator efficiency and lower operational costs are also contributing to market growth. Furthermore, expanding natural gas infrastructure in emerging economies is opening up new market opportunities.

Select Competitors (Total 42 Featured) -

• Aggreko Plc
• APR Energy, Inc.
• Briggs & Stratton
• Caterpillar
• Cummins
• Dresser-Rand
• GE Energy
• Generac Power Systems
• Guascor Power
• INNIO Waukesha Gas Engines Inc.
• Jenbacher
• Kohler Co.
• MQ Power Corporation
• MTU Onsite Energy
• MWM
• Wartsila

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.