Press release
Distributed Natural Gas-Fueled Generation Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Distributed Natural Gas-Fueled Generation Market Size
The distributed natural gas-fueled generation market is expected to see an upward trend, attributed to the increasing usage of natural gas. Originating naturally, this flammable gas is versatile in its applications, being utilized as a fuel or energy source for heating, cooking, transportation, and power production. Predominantly, its usage extends to heating and power production, though other consumer sectors exploit it for various purposes. In the context of fueled generation, natural gas is leveraged to produce valuable thermal output and generate electricity. Supporting this, the International Energy Agency (IEA), an intergovernmental agency based in France, noted in July 2022 that from 2021 to 2025, global utilization of natural gas is predicted to rise by a total of 140 billion cubic meters. Consequently, this surge in natural gas usage is fueling the expansion of the distributed natural gas-fueled generation market.
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How will the growth rate of the distributed natural gas-fueled generation market shape industry trends by 2034?
In recent years, we've seen the distributed natural gas-fueled generation market expand considerably. It's set to surge from a value of $33.27 billion in 2024 to $36.88 billion in 2025, showing a Compound Annual Growth Rate (CAGR) of 10.8%. Factors that contributed to this growth during the historic period include concerns about energy security, economic feasibility, grid resilience and reliability, energy self-sufficiency, and environmental considerations.
The market size for distributed natural gas-fuelled generation is predicted to undergo swift expansion in the upcoming years, reaching $57.82 billion in 2029, with a compound annual growth rate (CAGR) of 11.9%. The predicted growth during the forecast period can be tied to a number of factors. These include the implementation of renewable natural gas, initiatives for grid decentralisation, the incorporation of energy storage, government-proposed incentives and policies, and plans for resilience. During the forecast period, key trends are expected to emerge such as technological advancements in microgrids, improvements in gas turbine technology, technology progression, integration with renewable resources, and environmental considerations.
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What trends are poised to drive the future success of the distributed natural gas-fueled generation market?
Advancements in technology are becoming a crucial trend in the distributed natural gas-fueled generation market. Companies engaged in this market are swiftly adopting novel technologies to maintain their competitive edge. For instance, in September 2023, Motoren Werke Mannheim AG, a gas engine firm from Germany, introduced their TCG 3020 gas engine series together with retrofit kits meant for hydrogen operation that permits an admixture of hydrogen up to 25 vol%. This innovation is momentous as it's consistent with the escalating demand for eco-friendly energy solutions and adherence to stricter emissions controls. The developed TCG 3020 engines can function with a hydrogen admixture of up to 25 vol%, eliminating the need for any technical alterations. This functionality increases their adaptability, aiding operators to shift towards more eco-friendly energy sources without compromising operational effectiveness.
Which primary segments of the distributed natural gas-fueled generation market are driving growth and industry transformations?
The distributed natural gas-fueled generation market covered in this report is segmented -
1) By Technology: Natural Gas Gensets, Micro Turbine, Stationary Fuel Cells
2) By Scale: Microgeneration, Small-Scale Generation, Medium-Scale Generation, Large-Scale Generation
3) By End User: Residential, Commercial And Industrial, Building And Institutional
Subsegments:
1) By Natural Gas Gensets: Spark Ignition Gensets, Compression Ignition Gensets
2) By Micro Turbine: Small Micro Turbines, Medium Micro Turbines
3) By Stationary Fuel Cells: Proton Exchange Membrane Fuel Cells, Solid Oxide Fuel Cells (SOFC), Molten Carbonate Fuel Cells (MCFC)
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Which geographical regions are pioneering growth in the distributed natural gas-fueled generation market?
North America was the largest region in the distributed natural gas-fueled generation market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global distributed natural gas-fueled generation market report during the forecast period. The regions covered in the distributed natural gas-fueled generation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the distributed natural gas-fueled generation market landscape?
Major companies operating in the distributed natural gas-fueled generation market include General Electric Company, MWM GmbH, ABB Group, Cummins Inc., Shandong Lvhuan Power Equipment Co. Ltd., Redox Power Systems, Caterpillar Inc., Generac Power Systems, Mitsubishi Heavy Industries Ltd., Kohler Co. Inc., MTU Onsite Energy GmbH, Mahindra Powerol Ltd., Yanmar Co. Ltd., Coopercorp Generators, Siemens AG, Rolls-Royce Holdings PLC, Wärtsilä Corporation, MAN Energy Solutions SE, Kawasaki Heavy Industries Ltd., Sinopec, British Petroleum Company p.l.c, Chevron Corporation, Lukoil, Occidental Petroleum Corporation, ExxonMobil Corporation, Dakota Gasification Company, NRG Energy Inc., Baker Hughes Company, Halliburton, Honeywell International Inc., Royal Dutch Shell, Calix Limited
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What Is Covered In The Distributed Natural Gas-Fueled Generation Global Market Report?
• Market Size Forecast: Examine the distributed natural gas-fueled generation market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the distributed natural gas-fueled generation market for a structured understanding.
• Key Players Overview: Analyze major players in the distributed natural gas-fueled generation market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the distributed natural gas-fueled generation market.
• Segment Contributions: Evaluate how different segments drive overall growth in the distributed natural gas-fueled generation market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the distributed natural gas-fueled generation market.
• Industry Challenges: Identify potential risks and obstacles affecting the distributed natural gas-fueled generation market.
• Competitive Landscape: Review strategic developments in the distributed natural gas-fueled generation market, including expansions, agreements, and new product launches.
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