PUBLISHER: Allied Market Research | PRODUCT CODE: 1179731
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179731
The global natural gas generator market size was valued at $5.5 billion in 2021 and is projected to reach $10.4 billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031.
Natural gas generators, as the name suggests, use natural gas, which includes the propane used for backyard grills or the methane that utilities supply through underground lines, to generate electricity. An internal combustion engine injects a mixture of fuel and air into a combustion chamber, where a piston compresses the mix. A spark plug ignites the fuel, driving the piston down and turning a crankshaft. The crankshaft, in turn, spins the generator's rotor in an electromagnetic field, generating an electric current that can charge batteries, power appliances, or even run high-wattage tools, depending on the generator's size. Proponents of natural gas generators tout a number of benefits.
Natural gas is easier to access during a disaster (like the hurricane scenario) because it is carried in the underground, wind- and stormproof lines, and is readily available anywhere. It is also easier to store than diesel or gasoline. In addition, diesel generators can grow fungus, become gelled or develop sediment if stored improperly. According to the Natural Gas Supply Association, as long as a propane container remains intact, the gas can remain useable for an indefinite period of time. The natural gas generator market is segmented on the basis of application, power rating, end user, and region. On the basis of application, the market is categorized into standby and continuous. On the basis of power rating, it is divided into Less than 75 kVA, 75-375 kVA, and Above 375 kVA. On the basis of end users, it is classified into commercial, residential and industrial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global natural gas generator market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Weichai Group (China), Kohler Co. (US), Atlas Copco (Sweden), Denyo (Japan), Wacker Neuson (Germany), Doosan (South Korea), Greaves Cotton Limited (India), Kirloskar Oil Engines Ltd. (India), Siemens (Germany), Aksa Energy (Turkey), Wartsila (Finland), Honda (Japan), Briggs & Stratton (US), ABB (Germany) and Yanmar (Japan).
Key Benefits For Stakeholders
By Application
By Power Rating
By End User
By Region