Global Natural Gas Generator Sales Market by Power Range (0-100 KVA, 101-350 KVA, 351-750 KVA, and 750 KVA and above), by End-User (Industrial, Commercial, Residential, and Others) & by Region - Global Trends and Forecast Till 2019
The demand for electric power is growing in large and developing countries such as China, India, and Brazil. Generators are gaining importance in commercial and industrial applications as they mandate uninterrupted power supply for few applications. Generators are primarily used for providing power backup solutions for various applications like Industrial. Commercial, and residential.
The diesel generators have been the part and parcel of the vast majority of the industrial generator sets for decade, but the changing scenario with stricter environmental norms, and need for more efficient sources of power has resulted in natural gas generator market gaining momentum. Although diesel gensets are characterized bylow installation costs, they incur high fuel costs and face the risk of price volatility. Natural Gas is the leading fuel choice in higher power class range.
Factors driving the global natural gas generator sales market include extreme weather conditions, industry applications, stringent environmental norms, infrastructural developments, and events. the global natural gas generator sales market is expected to reach $6 billion by2019, from $4 billion in 2014, at a CAGR of 8% from 2014 to 2019.
The market for generators in regions such as Asia-Pacific and North America has increased steadily in the past decade. the global market is expected to witness a strong growth in the near future, triggered byincreasing abundance of the natural gas at economical pricing and new technology additions for less combustion in generators. the ageing power infrastructure and non-reliable grid power supply in developing countries have been creating further power deficit, which is expected to boost the demand for generator sales.
Natural Gas Generator Sales Market Size, by region (2012 – 2019)
Source: MarketsandMarkets Analysis
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This report covers the global natural gas generator sales market bythe market size of generator’s sales involved. It highlights some of the key industrial issues and market impulse factors. It also describes some of the important dynamics such as driver, restraints, and opportunities.
On the basis of end-user:
Industrial, residential, and commercial
On the basis of region:
North America, South America, Asia-Pacific, Europe, and the Middle East & Africa
On the basis of power rating:
Generators are categorized for the power rating (0-100 KVA, 101-350 KVA, 351-750 KVA, and Above 750 KVA)
To provide an in-depth understanding of the competitive landscape, the report includes profiles of the major generators sales market players, which includes manufacturers as well as service providers such as Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Aggreko Plc. (U.K.), APR Energy Inc. (U.S.), Kohler Co. (U.S.), MQ Power Corporation (U.S.), Generac Holdings Inc. (U.S.), MTU Onsite Energy Corp. (Germany), Yanmar Co. ltd. (Japan), Wacker Neuson S.E. (Germany), Himoinsa S.L. (Spain), and Kirloskar Electric Company Limited (India).
The market share analysis of the top companies has also been included in the report. the scope accordingly aids market players to identify high growth markets and help manage key investment decisions. For this report, major players in the generator sales market have been identified byvarious primary and secondary sources, and also include key opinions byexperts and industry leaders such as CEOs, directors, and business heads.
Growth opportunities and latent adjacency in Global Natural Gas Generator Sales Market