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2019-06-18
280
Global
Market Overview
Natural gas generators are gaining traction with the advent of decreasing the use of diesel and petroleum as they are largely responsible for carbon emissions. Various capacities of natural gas generators can be used in the residential, commercial and industrial applications. Moreover, the use of the natural gas generator is cost effective and convenient to use. Performance of these generators is dependent on the supply of natural gas, a by-product of oil well production. Technological advancement in the production of onshore oil and gas is the important aspect of the market.
Oil and gas companies in order to improve the production output, existing oilfields are again explored and the unconventional resources are facilitated for production. Thus, the oil and gas companies have increased their investments to increase the productivity and reducing the cost of natural gas. By 2020, demand for natural gas is expected to rise in Asia-Pacific by 12.5%, MEA (9.1%) and Latin America (6.7%). Thus, these regions account for the growth opportunities of natural gas generators market. Goldstein Research analyst forecast that the global natural gas generator market is set to reach nearly USD 8.7 billion by 2024, growing at a CAGR of 7.9% over the forecast period (2017-2025).
By Phase
Three phase natural gas generator accounted for the largest market share of 61.3% in 2017 on the back of its larger preference among the users over the single phase generator and is expected to grow at a CAGR of 7.6%.
By Power Range
By Material
By End User
By Geography
Based on geography, Asia-Pacific region accounted for the largest market share of nearly 36.1% in 2017 due to the shift towards green energy. APAC is followed by North America, growing at a CAGR of 7.5% over the forecast period.
The report covers the present ground scenario and the future growth prospects of the natural gas generator market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.
Global Natural Gas Generator Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global natural gas generator market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Natural Gas Generator Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
Our global natural gas generator market report comprises of the following companies as the key players: Caterpillar Inc., Cummins Inc., Aggreko Plc., APR Energy Inc., Kohler Co., MQ Power Corporation, Generac Holdings Inc., MTU Onsite Energy Corp., Yanmar Co. ltd., Wacker Neuson S.E., Himoinsa S.L., Kirloskar Electric Company Limited, etc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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