Press release
Global Natural Gas Generator Market 2017 Global Industry Report Potential Growth, Share, Demand And Forecast to 2024
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 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.
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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.
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.
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However, scarcity of natural gas infrastructure in developing countries is the major restrains of the 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
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