Aftermarket Natural Gas Generator Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Application, By Region, By Competition, 2020-2030F

Description

The Global Aftermarket Natural Gas Generator Market, valued at USD 12.18 Billion in 2024, is projected to experience a CAGR of 7.75% to reach USD 19.06 Billion by 2030. The global aftermarket natural gas generator market encompasses the provision of products and services dedicated to the maintenance, repair, upgrading, and enhancement of natural gas-powered generators after their initial installation. Key market drivers supporting this growth include the escalating global demand for reliable power amid increasing grid instability, coupled with stringent environmental regulations that promote cleaner-burning natural gas alternatives.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 12.18 Billion
Market Size 2030	USD 19.06 Billion
CAGR 2025-2030	7.75%
Fastest Growing Segment	Commercial
Largest Market	North America

Key Market Drivers

The increasing demand for reliable backup power is a significant market driver. Global power grids increasingly contend with disruptions from extreme weather, cyber threats, and aging infrastructure, necessitating dependable alternative power solutions. Businesses and critical facilities face considerable financial losses and operational setbacks from even brief power interruptions. This dynamic accelerates investment in robust natural gas generator systems, known for their rapid start-up and consistent performance. According to Opengear research published in June 2023, 91% of global businesses experienced at least one network outage quarterly, with many US organizations reporting losses between $2,501 and $5,000 per minute of disruption. This continuous requirement for uninterrupted operations directly sustains aftermarket demand for generator maintenance and upgrades.

Key Market Challenges

The inherent vulnerability of natural gas pipeline infrastructure to natural disasters presents a significant market challenge. Such vulnerabilities lead to widespread fuel supply disruptions, directly impacting the operational continuity of natural gas-powered generators. When catastrophic weather events or other natural disasters compromise pipelines, the consistent flow of natural gas to power generation facilities is interrupted, causing unexpected downtime for these critical assets.

This instability in fuel supply directly hampers the growth of the aftermarket natural gas generator market. Reduced operational hours from unreliable fuel delivery diminish demand for routine maintenance, component replacements, and performance upgrades. According to the Interstate Natural Gas Association of America, natural gas accounted for over 42% of electricity generation in the United States in 2023, a 7% increase from 2022. If these generators frequently experience outages due to fuel unavailability, businesses are less inclined to invest in aftermarket services for equipment that cannot consistently perform. This uncertainty regarding future operational reliability directly discourages expenditure on asset lifespan extension or efficiency enhancements, hindering aftermarket expansion.

Key Market Trends

The growing integration of IoT for predictive maintenance and remote monitoring is transforming aftermarket services for natural gas generators. By deploying interconnected sensors and advanced analytics, operators can shift from reactive to proactive maintenance, anticipating potential failures to minimize unplanned downtime and optimize efficiency. According to Inmarsat, October 2023, 74 percent of oil and gas companies had already implemented some form of IoT technology. This trend drives demand for sophisticated digital services and specialized technicians. A notable example is, according to GE Vernova, May 2024, the company announced a cloud-based computer vision software solution for autonomous inspection, which aimed to bring 20% O&M savings to energy asset inspections. Such integration ultimately enhances asset reliability and extends operational lifespan.

Key Market Players

Caterpillar Inc.
Cummins Inc.
Generac Holdings Inc.
General Electric Company
Siemens AG
Wartsila Corporation
Yanmar Holding Co., Ltd.
Mitsubishi Heavy Industries Ltd.
Rolls-Royce plc
Kohler Co.

Report Scope:

In this report, the Global Aftermarket Natural Gas Generator Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Aftermarket Natural Gas Generator Market, By Type:

Service & Maintenance
Repair
Overhaul & Remanufacturing
Upgrades & Modifications

Aftermarket Natural Gas Generator Market, By Application:

Commercial
Industrial
Residential

Aftermarket Natural Gas Generator Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Aftermarket Natural Gas Generator Market.

Available Customizations:

Global Aftermarket Natural Gas Generator Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Aftermarket Natural Gas Generator Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Service & Maintenance, Repair, Overhaul & Remanufacturing, Upgrades & Modifications)
- 5.2.2. By Application (Commercial, Industrial, Residential)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
5.3. Market Map

6. North America Aftermarket Natural Gas Generator Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Aftermarket Natural Gas Generator Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Application
- 6.3.2. Canada Aftermarket Natural Gas Generator Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Application
- 6.3.3. Mexico Aftermarket Natural Gas Generator Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Application

7. Europe Aftermarket Natural Gas Generator Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Aftermarket Natural Gas Generator Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Application
- 7.3.2. France Aftermarket Natural Gas Generator Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Application
- 7.3.3. United Kingdom Aftermarket Natural Gas Generator Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Application
- 7.3.4. Italy Aftermarket Natural Gas Generator Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Application
- 7.3.5. Spain Aftermarket Natural Gas Generator Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Application

8. Asia Pacific Aftermarket Natural Gas Generator Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Aftermarket Natural Gas Generator Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Application
- 8.3.2. India Aftermarket Natural Gas Generator Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Application
- 8.3.3. Japan Aftermarket Natural Gas Generator Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Application
- 8.3.4. South Korea Aftermarket Natural Gas Generator Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Application
- 8.3.5. Australia Aftermarket Natural Gas Generator Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Application

9. Middle East & Africa Aftermarket Natural Gas Generator Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Aftermarket Natural Gas Generator Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Application
- 9.3.2. UAE Aftermarket Natural Gas Generator Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Application
- 9.3.3. South Africa Aftermarket Natural Gas Generator Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Application

10. South America Aftermarket Natural Gas Generator Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Aftermarket Natural Gas Generator Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Application
- 10.3.2. Colombia Aftermarket Natural Gas Generator Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Application
- 10.3.3. Argentina Aftermarket Natural Gas Generator Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Aftermarket Natural Gas Generator Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Caterpillar Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Cummins Inc.
15.3. Generac Holdings Inc.
15.4. General Electric Company
15.5. Siemens AG
15.6. Wartsila Corporation
15.7. Yanmar Holding Co., Ltd.
15.8. Mitsubishi Heavy Industries Ltd.
15.9. Rolls-Royce plc
15.10. Kohler Co.