Natural Gas Generator Global Market Report 2024

Description

“Natural Gas Generator Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on natural gas generator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for natural gas generator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The natural gas generator market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Standby; Prime
2) By Power Rating: Low Power Genset; Medium Power Genset; High Power Genset
3) By Phase: Single Phase; 3 Phase
4) By Material: Aluminum; Composite; Steel
5) By End User: Industrial; Commercial; Residential
Companies Mentioned: Caterpillar Inc.; Generac Power System; Cummins Inc.; General Electric Company.; Kohler Co. Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A natural gas generator operates by using natural gas instead of petrol or diesel to generate electricity through a combustion process involving a mixture of fuel and air.

The primary types of natural gas generators include standby and prime models. Standby generators serve as backup power sources, ensuring continuous electricity supply to businesses, commercial and industrial applications, or facilities during power outages. They come in various power ratings such as low, medium, and high in both single-phase and three-phase configurations, constructed using materials such as aluminum, composite, or steel. These generators cater to the needs of industrial, commercial, and residential end-users.

The natural gas generator market research report is one of a series of new reports from The Business Research Company that provides natural gas generator market statistics, including the natural gas generator industry's global market size, regional shares, competitors with a natural gas generator market share, detailed natural gas generator market segments, market trends, and opportunities, and any further data you may need to thrive in the natural gas generator industry. This natural gas generator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The natural gas generator market size has grown strongly in recent years. It will grow from $7.56 billion in 2023 to $8.27 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. Historical growth can be largely attributed to several factors including an increasing focus on clean energy sources, the pursuit of energy security and reliability, the boom in shale gas exploration, the implementation of strict emission regulations, and a heightened demand for distributed power generation solutions.

The natural gas generator market size is expected to see strong growth in the next few years. It will grow to $12.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. Anticipated growth in the upcoming period is connected to the shift toward renewable natural gas (RNG), increased integration with renewable energy sources, a growing demand for microgrid solutions, government incentives promoting clean energy adoption, and a focus on grid resilience and energy security.

The escalating demand for electricity across multiple sectors is a driving force behind the natural gas generator market. These generators, known for their cost-efficiency and environmental benefits, cater to various end-use sectors' needs for reliable power supply. According to the International Energy Agency's 2023 data, global electricity demand is projected to experience an average 3% annual growth from 2022 to 2025, thus stimulating the natural gas generators market.

The increasing production of natural gas is poised to fuel the growth of the natural gas generator market. As a significant fossil fuel primarily comprising methane, natural gas generators play a pivotal role in bolstering the efficiency, reliability, and sustainability of natural gas production processes. Notably, in December 2022, US dry natural gas production surpassed pre-pandemic records, exceeding 100 billion cubic feet per day (Bcf/d) in consecutive months, signifying the pivotal role of rising natural gas production in driving the natural gas generator market.

Investments emerge as a key trend shaping the landscape of the natural gas generators market. Major companies are channeling investments into technological advancements and assets within this sector to expand market reach. For instance, Cummins Inc., in February 2023, made significant investments in 175kW and 200kW natural gas standby generator sets, offering advanced features and compliance standards. Additionally, in May 2022, the National Pension Service and the Korean Teachers' Credit Union invested $390 million in Calpine Corp., highlighting the substantial financial interests in natural gas generator manufacturers.

Strategic partnerships play a pivotal role in shaping the landscape of mobile natural gas generator sets within the industry. Companies are leveraging these partnerships to maximize strengths and resources for mutual benefits and progress. For instance, Mesa Solutions and Alterra Power Systems entered a partnership in September 2023, aiming to revolutionize power generation and electrical services. This collaboration underscores their commitment to offering clients innovative and comprehensive power solutions, leveraging their collective expertise and dedication to customer satisfaction. Alterra Power Systems specializes in natural gas power generation systems, amplifying the strategic emphasis on partnership-driven advancements within the natural gas generator sector.

In March 2023, Brookfield Renewable Partners, a prominent UK-based renewable energy company, joined forces with other entities to complete the acquisition of Origin Energy for $10.21 billion. This strategic acquisition significantly broadens Brookfield's renewable energy portfolio, encompassing natural gas generation alongside various renewable power technologies. Origin Energy, an Australia-based energy company, holds expertise in manufacturing natural gas generators, thus enhancing Brookfield's array of renewable energy offerings.

Major companies operating in the natural gas generator market report are Caterpillar Inc., Generac Power System, Cummins Inc., General Electric Company., Kohler Co. Inc., Mahindra Powerol, MTU-onsite Energy GMBH, Yanmar Co. Ltd., Coopercorp Generators, Mitsubishi Heavy Industries Ltd., Aggreko Plc., APR Energy Inc., Jinan Diesel Engine Co.Ltd., Shandong Naipute Gas Power Co.Ltd., Zibo Diesel Engine Parent Company, Himonsa S.L., Ettes Power Technology Co. Ltd., Wartsila Corporation, Siemens Aktiengesellschaft, Rolls-Royce Power Systems AG, Doosan Corporation, Dresser-Rand Group Inc., INNIO Group Holding GmbH, JFE Engineering Corporation, MAN Energy Solutions SE, Kawasaki Heavy Industries Ltd., Liebherr-International AG, Perkins Engines Company Limited, Atlas Copco AB., Briggs & Stratton Corporation

North America was the largest region in the natural gas generators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global natural gas generator market report during the forecast period. The regions covered in the natural gas generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the natural gas generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The natural gas generators market consists of sales of engines, fuel systems, voltage regulators, cooling systems, and exhaust systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11953

1. Executive Summary

2. Natural Gas Generator Market Characteristics

3. Natural Gas Generator Market Trends And Strategies

4. Natural Gas Generator Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Natural Gas Generator Market Size and Growth

5.1. Global Natural Gas Generator Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Natural Gas Generator Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Natural Gas Generator Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Natural Gas Generator Market Segmentation

6.1. Global Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Standby
Prime
6.2. Global Natural Gas Generator Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Low Power Genset
Medium Power Genset
High Power Genset
6.3. Global Natural Gas Generator Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Single Phase

3 Phase

6.4. Global Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Aluminum
Composite
Steel
6.5. Global Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Industrial
Commercial
Residential

7. Natural Gas Generator Market Regional And Country Analysis

7.1. Global Natural Gas Generator Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Natural Gas Generator Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Natural Gas Generator Market

8.1. Asia-Pacific Natural Gas Generator Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Natural Gas Generator Market

9.1. China Natural Gas Generator Market Overview
9.2. China Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Natural Gas Generator Market

10.1. India Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Natural Gas Generator Market

11.1. Japan Natural Gas Generator Market Overview
11.2. Japan Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Natural Gas Generator Market

12.1. Australia Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Natural Gas Generator Market

13.1. Indonesia Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Natural Gas Generator Market

14.1. South Korea Natural Gas Generator Market Overview
14.2. South Korea Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Natural Gas Generator Market

15.1. Western Europe Natural Gas Generator Market Overview
15.2. Western Europe Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Natural Gas Generator Market

16.1. UK Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Natural Gas Generator Market

17.1. Germany Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Natural Gas Generator Market

18.1. France Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Natural Gas Generator Market

19.1. Italy Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Natural Gas Generator Market

20.1. Spain Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Natural Gas Generator Market

21.1. Eastern Europe Natural Gas Generator Market Overview
21.2. Eastern Europe Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Natural Gas Generator Market

22.1. Russia Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Natural Gas Generator Market

23.1. North America Natural Gas Generator Market Overview
23.2. North America Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Natural Gas Generator Market

24.1. USA Natural Gas Generator Market Overview
24.2. USA Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Natural Gas Generator Market

25.1. Canada Natural Gas Generator Market Overview
25.2. Canada Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Natural Gas Generator Market

26.1. South America Natural Gas Generator Market Overview
26.2. South America Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Natural Gas Generator Market

27.1. Brazil Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Natural Gas Generator Market

28.1. Middle East Natural Gas Generator Market Overview
28.2. Middle East Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Natural Gas Generator Market

29.1. Africa Natural Gas Generator Market Overview
29.2. Africa Natural Gas Generator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Natural Gas Generator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Natural Gas Generator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Natural Gas Generator Market Competitive Landscape And Company Profiles

30.1. Natural Gas Generator Market Competitive Landscape
30.2. Natural Gas Generator Market Company Profiles
- 30.2.1. Caterpillar Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Generac Power System
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Cummins Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. General Electric Company.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Kohler Co. Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Natural Gas Generator Market Competitive Benchmarking

32. Global Natural Gas Generator Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Natural Gas Generator Market

34. Natural Gas Generator Market Future Outlook and Potential Analysis

34.1 Natural Gas Generator Market In 2028 - Countries Offering Most New Opportunities
34.2 Natural Gas Generator Market In 2028 - Segments Offering Most New Opportunities
34.3 Natural Gas Generator Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer