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Global Natural Gas Generator Market: By Power Rating: Up to 100 KVA, 101-350 KVA, 351-750 KVA, Above 750 KVA; By End User: Industrial, Commercial, Residential; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Natural Gas Generator Market Outlook

The global natural gas generator market attained a value of more than USD 5.73 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of over 7.19% to reach over USD 8.69 billion by 2027.

 

The Use of Eco-Friendly Generators to Boost the Market Growth of Natural Gas Generators

The growth in the global market for natural gas generators can be associated with the introduction of environmentally friendly and sustainable generators. Due to the combustion of diesel, mainstream generators like generating units emit harmful gases, such as nitrogen oxide, hydrocarbons, and carbon monoxide, which are harmful to the environment. As a result, various regulatory authorities have imposed stringent regulations that make the use of diesel generators difficult.

 

Global Natural Gas Generator Market

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Thus, the development of eco-friendly alternatives to diesel generators, such as natural gas generators that aid in lowering down carbon emissions, has grown in popularity and are providing impetus to the market. In addition, owing to the surging demand for electricity from various end-use sectors, industrialisation, urbanisation, and the growing population levels is pressing the need for an effective and efficient source of power generation, thereby stimulating the adoption of natural gas generators and bolstering the market growth.

 

North America is Expected to Hold a Significant Share in the Overall Market Growth of Natural Gas Generator

North America is projected to hold a significant share in the overall growth of the market. The United States has one of the most advanced gas-grid infrastructures in the world, ensuring consistent fuel supply. In addition, United States is one of the leading producers and providers of natural gas due to the shale gas revolution, which is a major driving force of the market. Moreover, natural gas usage in the housing industry is expected to grow as the cost of natural gas falls. This, in turn, is expected to drive the market growth of natural gas generators for backup power implementations in the coming years in the residential sector. Further, as air emission standards in the United States become more rigorous, coupled with the environmental consequences, the demand for gas generators is expected to skyrocket, as opposed to traditional generating units, which are considered more polluting. These factors are thus predicted to drive the regional market during the forecast period.

 

Natural Gas Generator: Industry Definition and Segmentation

A natural gas generator is an instrument that generates electricity in times of emergency or power outage based on natural gases, such as methane and propane. As opposed to traditional gas generators, natural gas generators are much more environmentally friendly.

The market can be classified based on power rating as:

  • Up to 100 KVA
  • 101-350 KVA
  • 351-750 KVA
  • Above 750 KVA

The market can be broadly categorised on the basis of its end user into:

  • Industrial
  • Commercial
  • Residential

The market segmentations based on application include:

  • Stand-by
  • Continuous

The EMR report looks into the regional markets of natural gas generator like North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa.

 

Robust Investments Aimed at Replacing Traditional Generators with Natural Gas Generators to Augment the Market Growth

The rising focus on sustainability amidst rising concerns regarding environmental degradation caused by fuel combustion is one of the major factors expanding the market growth of natural gas generators around the world.  Additionally, the prevailing abundance of natural gas and its relatively low prices, particularly in regions, such as North America and Europe, has led to an increase in natural gas-fired power production, thereby positively influencing the growth of the market. Furthermore, robust investments by governing agencies of major developed and developing nations in advanced natural gas generators to reduce greenhouse emissions from conventional generators in line with the growing emphasis on power production from cleaner sources are some factors augmenting the growth of the market.

 

Key Industry Players in the Global Natural Gas Generator Market

The report presents a detailed analysis of the following key players in the global natural gas generator market looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Aggreko Plc.
  • Caterpillar Inc.
  • Cummins Inc.
  • APR Energy Inc.
  • Kohler Co.
  • Generac Holdings Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Power Rating, End User, Application, Region
Breakup by Power Rating Up to 100 KVA, 101-350 KVA, 351-750 KVA, Above 750 KVA
Breakup by End User Industrial, Commercial, Residential
Breakup by Application Stand-by, Continuous
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Aggreko Plc., Caterpillar Inc., Cummins Inc., APR Energy Inc., Kohler Co., Generac Holdings Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Natural Gas Generator Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Natural Gas Generator Historical Market (2017-2021) 
    8.3    Global Natural Gas Generator Market Forecast (2022-2027)
    8.4    Global Natural Gas Generator Market by Power Rating
        8.4.1    Up to 100 KVA
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    101-350 KVA
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    351-750 KVA
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Above 750 KVA
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
    8.5    Global Natural Gas Generator Market by End User
        8.5.1    Industrial
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Commercial
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Residential
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Natural Gas Generator Market by Application
        8.6.1    Stand-by
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Continuous
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Natural Gas Generator Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Aggreko Plc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Caterpillar Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Cummins Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    APR Energy Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Kohler Co.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Generac Holdings Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Natural Gas Generator Market: Key Industry Highlights, 2017 and 2027
2.    Global Natural Gas Generator Historical Market: Breakup by Power Rating (USD Billion), 2017-2021
3.    Global Natural Gas Generator Market Forecast: Breakup by Power Rating (USD Billion), 2022-2027
4.    Global Natural Gas Generator Historical Market: Breakup by End User (USD Billion), 2017-2021
5.    Global Natural Gas Generator Market Forecast: Breakup by End User (USD Billion), 2022-2027
6.    Global Natural Gas Generator Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Natural Gas Generator Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Natural Gas Generator Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Natural Gas Generator Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Natural Gas Generator Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Natural Gas Generator Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Natural Gas Generator Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Natural Gas Generator Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Natural Gas Generator Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Natural Gas Generator Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Natural Gas Generator Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Natural Gas Generator Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Natural Gas Generator Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Natural Gas Generator Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Natural Gas Generator Market Structure

Key Questions Answered in the Report

The global natural gas generator market attained a value of more than USD 5.73 billion in 2021.

The market is projected to grow at a CAGR of 7.19% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach over USD 8.69 billion by 2027.

The market is being driven by the increasing use of eco-friendly generators over mainstream generators, the rising availability of natural gas, and its affordable prices.

The growth in the market can be associated with the rising focus on sustainability, reducing CO2, and greenhouse emissions amidst rising concerns regarding environmental degradation.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major power ratings of natural gas generators are up to 100 KVA, 101-350 KVA, 351-750 KVA, and above 750 KVA.

The various end users of natural gas generators include industrial, residential, and commercial.

The different applications of natural gas generators are stand-by and continuous.

The major players in the industry are Aggreko Plc., Caterpillar Inc., Cummins Inc., APR Energy Inc., Kohler Co., and Generac Holdings Inc., among others.

Analyst Review

The global natural gas generator market attained a value of over USD 5.73 billion in 2021, driven by the rising focus on sustainable methods of power generation. Aided by the rising investments in the energy and power sector, the market is expected to grow at a CAGR of 7.19% in the forecast period of 2022-2027 to reach more than USD 8.69 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on power ratings, the market can be segmented into up to 100 KVA, 101-350 KVA, 351-750 KVA, and above 750 KVA. The market, based on end user, can be categorised into residential, industrial, and commercial. On the basis of applications, the market is divided into stand-by and continuous. The major regional markets for natural gas generator are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Aggreko Plc., Caterpillar Inc., Cummins Inc., APR Energy Inc., Kohler Co., and  Generac Holdings Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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