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Global Natural Gas Generator Market Analysis & Opportunity Outlook 2024

Published On : 06:30 AM, 6th October, 2017 REP-ID-77 Category: Energy & Power

Natural Gas generators are widely used generators which uses natural gases for electricity generation. Internal combustion engines are used to introduce the air fuel mixture in the combustion chamber where mixture gets compressed by a piston. A spark plug is used to ignite the air fuel mixture. Natural gases are precious earth materials and are available to people through gas pipelines or cylinders. Natural gas generators are used in industries as well as in residence for electricity generation. In terms of operation cost, natural gas generators are more expansive as compared to other generators such as diesel generator. Natural gases are one of the most affordable and successful non-renewable energy resources used for power generation.

Market Segmentation

By Phase

On the basis of Phase, the global natural gas generators market is segmented into:

  • Single Phase
  • 3 phase

By RPM (revolution per minute)

On the basis of RPM (revolution per minute), the global natural gas generators market is segmented into:

  • 1800 rpm
  • 2300-2900 rpm
  • 3600 rpm

By Material

On the basis of Material, the global natural gas generator market is segmented into:

  • Aluminum
  • Composite
  • Steel

By Application

On the basis of application, the global natural gas generator market is segmented into:

  • Commercial building
  • Residential building
  • Industrial building

By Region

On the basis of region the global natural gas generator market is segmented into:

  • North America
  • Latin America
  • Western And Eastern Europe
  • Asia-Pacific
  • Middle East and North Africa (MENA)
  • Row (Rest Of World)

Growth Drivers and challenges

Infrastructure development, huge demand for clean energy devices to meet government stringent environmental regulations, rapid evolution in industrialization and commercialization sector and economic growth in the developing countries are the major growth drivers of the global natural gas generators market in near future.

In addition to this, increasing expenditure in research and development for discovering new gas fields is also expected to expand the global natural gas generator market. A spiked momentum in exploration and production is expected to bring down the gas/fuel cost in near future, thus helping end-user to opt for natural gas generators.

However, scarcity of natural gas infrastructure in developing countries is the major restrains of the global natural gas generator market.

Market Size and Forecast

The global natural gas generator set market is anticipated to witness a robust growth over the forecast period i.e. 2017-2024. Rising demand for natural gas generators owing to factors such as less expensive, high efficient and clean energy are expected to foster the growth of global natural gas generator set market over the forecast period.

Global installed capacity in natural gas generators are estimated to grow from 12.9 GW in 2015 to 26.3 GW by 2024 end.

The intensifying demand for power in developing regions such as Middle East & Africa, Asia-Pacific (especially in South-Asian countries like India and China) and Eastern Europe are prompting high demand for global natural gas generator market.

Key Players

  • Caterpillar
  • Cummins
  • GE
  • Dresser-Rand
  • Generac
  • Himoinsa

 Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

•          North America (U.S., Canada)

•          Latin America (Mexico, Brazil, Rest of Latin America)

•          Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)

•          Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)

•          Rest of World

Segmentation

•          By Phase

•          By RPM (revolution per minute)

•          By Material

•          By Application

•          By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

              Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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