Global Gas Generator Sets Market is set to expand over 8% by 2025 a Comprehensive Analysis report
Increasing implications for energy security, growing concerns over greenhouse gas emissions along with rising stringency of government regulations will boost the global gas generator sets market growth. For instance, the U.S. EPA sets federal minimum emissions standards for generators with an objective to minimize the amount of pollutants emitted into the air. The ability of these gensets to emit relatively lower pollutants (carbon, NOx, particulate matter) will to allow these units to occupy a sizeable share of diesel’s market share while limiting the renewable penetration to certain extent over the coming years.
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The U.S. gas generator sets market size is set to exceed USD 1.7 billion by 2025. The adoption of these gensets is gaining robust prominence as the shale revolution in the country has opened vast growth avenues for natural gas-fired power generation. Increased natural gas availability from shale, which roughly produces half the CO2 than coal for the same heat output, is enabling the transition toward gas-fired power generation and is consequently accelerating the deployment of these units.
The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
• Leadership figures such as CEOs, CSOs, VPs etc. in key companies
• Supply-chain participants, distributors and domain experts
• Key customers and B2B clients
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Table of Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Global Gas Generator Sets Industry Insights
Chapter 4 Global Gas Generator Sets Market, By Power Rating
Chapter 5 Global Gas Generator Sets Market, By End Use
Chapter 6 Global Gas Generator Sets Market, By Application
Chapter 7 Global Gas Generator Sets Market, By Region
Chapter 8 Company Profiles
The UK gas gensets market will witness remarkable growth driven by rigorous environmental & emission compliances including the introduction of the EU Stage V limits. Accelerating shift of industries toward cleaner power sources including gas and dual fuel configurations will further play an influential role in the industry landscape. The demand for these units from novel applications including grid support for renewables is another evolving factor strengthening the market development.
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The Middle East gas gensets market is set to witness an appreciable momentum on account of ongoing expansion in the regional infrastructure and growing focus toward economic diversification. Upcoming mega projects, most notably the Dubai World Expo 2020 and Qatar FIFA World Cup 2022 will necessitate the heavy deployment of these gensets to support the backup and prime power needs.
Notable industry participants operating in the global gas generator sets market include Wärtsilä, Generac, Kohler SDMO, Cummins, Stemac, Briggs & Stratton, Mahindra Powerol, FG Wilson, Himoinsa, Caterpillar, Cooper Corporation, MTU, and Clarke Energy amongst others.
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