Gas Genset Market

Gas Genset market wxpected to grow at a higher CAGR rate of 3.2% during forecast period.

Gas Genset market Overview

Gas genset is a device that comprises of a generator and gas engine. The mechanical energy is produced by converting the chemical energy by using the gas engine and then this mechanical energy produced is used for spinning the alternator rotor and hence further converting the mechanical energy into the electrical energy. The genset find their best application in the geographical areas with regular power outages and in the areas not connected to the power grid which enables them to be used as a main source of energy or also as a supplementary source of power.

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Major Gas Genset market Drivers

Several factors which are responsible for fuelling the growth of global gas genset market include the enhanced efficiency when compared with the diesel genset and low operating cost. The increasing carbon emissions in the surrounding is leading to the demand for gas genset and hence driving the growth of global gas genset market in the forecast period. The increasing industries leading to a high demand for electricity, easy configuration and the rising concern for environment is leading to the rise in demand for the gas genset in the market globally. The factors responsible for restraining the growth of global gas genset market includes the limited availability of gases along with disruption of gases during the natural calamities.

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The factors responsible for boosting the growth of Asia-pacific includes the fast globalization, rising natural gas production in this region. The enhancing economic rate leading to an increased demand for the power generation is driving the growth of gas genset market in this region. North America also saw a significant growth owing to high natural gas availability and reducing natural gas prices. The rising green manufacturing practices leading to increasing demand for cleaner fuel is leading to the demand for the gas genset.

Top Market Players

Various notable players operating in the global gas genset market including Caterpillar, General Electric, Cummins Inc., Himoinsa, MTU Onsite Energy, Generac Power Systems Inc., Wartsila, Siemens AG, ABB and Dresser-Rand among others.

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Segments covered in the Report:

The global gas genset market has been segmented on the basis of fuel, power rating, application, end user and key geographies. Based on fuel, the market is segmented into natural gas, biogas and others. Based on power rating, the market is segmented into <100 KVA, 100-350 KVA, 350-1000 KVA and above 1000 KVA. Based on application, the market is segmented into standby, peak shaving and continuous. Based on end user, the market is segmented into residential, industrial, commercial, power& energy and others.

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Market Segmentation

By Fuel
• Natural Gas
• Biogas
• Others

By Power Rating

• <100 KVA
• 100-350 KVA
• 350-1000 KVA
• above 1000 KVA

By Application

• Standby
• Peak Shaving
• Continuous

By End User

• Residential
• Industrial
• Commercial
• Power& Energy
• Others

By Geography

• North America
As a part of the customization
o By Fuel
o By Power Rating
o By Application
o By End User
o US
o Canada
o Mexico

• Europe
As a part of the customization
o By Fuel
o By Power Rating
o By Application
o By End User
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization
o By Fuel
o By Power Rating
o By Application
o By End User
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization
o By Fuel
o By Power Rating
o By Application
o By End User
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• Caterpillar
• General Electric
• Cummins Inc.
• Himoinsa
• MTU Onsite Energy
• Generac Power Systems Inc.
• Wartsila
• Siemens AG
• ABB
• Dresser-Rand