Gas Generator Sets Market

Global Gas Generator Sets Market Analysis and Opportunity Assessment by Power Rating, End-User, Application, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 7,065.62Mn between 2022 and 2032

Category: Chemicals & Materials

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ID: CVC-00532

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Format: PDF+Excel Dataset

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Published Date: November 2022

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Pages: 320

Gas Generator Sets Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Gas Generator Sets Market grew at a CAGR of 6.1% between 2017-2021 and is estimated to be US$ 7,305.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.0% and is expected to reach a valuation of US$ 14,371.2Mn by 2032 end.

Rising data center outage costs and increased natural gas development would support the growth of the gas generator set market. The growing emphasis will impact product demand on electricity security and the ongoing shale gas revolution.

As gas prices are declining and pollution regulations point to the long-term utility of newer installations, these units are ready to capture a sizeable market share. Rising power consumption, an unreliable grid infrastructure, the need for emergency backup power options, and the demand for reliable power delivery are some drivers driving the market for gas generator sets.

Market Dynamic

THE DEMAND FOR GOODS AND SERVICES IS EXPANDING DUE TO INCREASED URBANIZATION, MOVING THE MANUFACTURING SECTOR FORWARD

The manufacturing sector has greatly aided various Asian Pacific nations’ economic progress. Additionally, many Asian governments have signed extra-regional trade agreements to position themselves as major industrial hubs. According to the ASEAN Economic Community (AEC), if implemented effectively, the Regional Comprehensive Economic Partnership (RCEP) would be a step toward a larger Asia Pacific Free Trade Area (FTAAP).

It can work as a suitable intergovernmental platform for free trade, fostering the growth of various industries and supporting the expansion of the region’s manufacturing sector. The expanding manufacturing industry has fueled the demand for power generation systems and generators like Caterpillars.

HARMFUL EFFECTS ON THE ENVIRONMENT

There are several uses for diesel generators, including industrial, commercial, and household ones. Nitrogen oxides, carbon monoxide, and particulates are emitted during diesel burning. These contaminants are instantly released into the atmosphere, damaging the local ecosystem and the inhabitants.

Several regulations have been put into place to reduce Cummins’s biogas generator set to noise and air pollution. Each nation has created its air pollution laws and policies in response to growing environmental concerns. Manufacturers of ship components place a high premium on developing marine propulsion systems that adhere to various environmental criteria governments around the globe set. The local and emerging enterprises in the 700 kW natural gas generator industry face a considerable challenge.

TO IDENTIFY ALTERNATIVE ENERGY SOURCES TO REPLACE TRADITIONAL FOSSIL FUELS, NEW AND CREATIVE FUEL SOURCES ARE PRESENTLY BEING CREATED

New and inventive fuel sources are now being developed to find alternative energy sources to replace conventional fossil fuels. Hybrid generators, essentially internal combustion engines with a battery, are now available from many manufacturers. When there is a heavy load, the hybrid generators transmit power straight to the engine; when there is a light load, the battery provides power.

They reduce fuel use, noise, and run time for gas turbine generator sets. Gas generator sets have several advantages over conventional generator sets. They are projected to become more popular in portable generator sets, mostly used in remote locations, on construction sites in cities, and in the mining industry. Bi-fuel generators improve backup power by combining the advantages of gas and diesel generators.

Gas Generator Sets Market

Market Segments Covered in Report

By Power Rating:

  • ≤ 50 kVA
  • > 50 kVA – 125 kVA
  • > 125 kVA – 200 kVA
  • > 200 kVA – 330 kVA
  • > 330 kVA – 750 kVA
  • > 750 kVA

By End-User:

  • Residential
  • Commercial
  • Industrial

By Application:

  • Standby
  • Peak Shaving
  • Prime/Continuous

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is the > 50 kVA – 125 kVA segment expected to grow with the highest CAGR during the forecast period?

Due to their rising demand from small-scale companies, restaurants, and cafés, as well as the residential and commercial sectors, gas generator sets with a power rating of > 50 kVA – 125 kVA are expected to grow at a CAGR of more than 7.5% during the projection period. Due to their affordable prices and high demand, these generator sets experience significant sales. They aid in providing power backup during blackouts and power connections to remote locations with poor access to electricity.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • The Asia Pacific Region held more than 42.0% of the market. The expansion and development of manufacturing facilities for various industries, the wide distribution of commercial offices and technology parks, the rising demand and supply gap, and the increasing number of infrastructure development projects are all major contributors to the market growth in this area.
  • Natural gas consumption in North America has increased by 25% over the past ten years. The availability of plentiful natural gas resources across shale regions will likely increase demand for gas generators during the forecast period. As a result, the natural gas industry in the region has changed by unprecedented magnitude and pace.

Competition Analysis

Prominent firms are concentrating on product innovation and mergers and acquisitions to keep up with the market’s severe competition.

The recent developments in the Global Gas Generator Sets Market:

  • In January 2022, the US EPA certified the Caterpillar Cat G3516 natural gas-fueled Fast Response generator set for use in emergency and non-emergency situations.
  • In January 2022, three MTU customized and containerized combined cooling, heat, and power plant (CCHP) trigeneration units were delivered by Rolls-Royce and its distribution partner Knopf & Wallisch (K&W) to ClusterPower, a Romanian cloud service provider.

A list of some of the key suppliers present in the market are:

  • Cummins
  • Briggs & Stratton Corporation
  • Kohler
  • Generac Power Systems
  • Caterpillar
  • Rolls-Royce
  • HIMOINSA
  • Mahindra Powerol
  • Genmac
  • Aggreko
  • Eaton
  • Champion Power Equipment
  • DuroMax Power Equipment
  • FIRMAN Power Equipment
  • Westinghouse Electric Corporation

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Power Rating, End-User, Application, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request

 

  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 7.0%.

 

The demand for goods and services is expanding due to increased urbanization, moving the manufacturing sector forward.

 

Major global Gas Generator Sets Market players are Cummins, Briggs & Stratton Corporation, Kohler, Generac Power Systems, Caterpillar, Rolls-Royce, HIMOINSA, Mahindra Powerol, Genmac, Aggreko, Eaton, Champion Power Equipment, DuroMax Power Equipment, FIRMAN Power Equipment, Westinghouse Electric Corporation.

 

Harmful effects on the environment restrain the market rise.

 

Asia Pacific Region is expected to account for the largest market revenue share in the Global Gas Generator Sets market.

 

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Gas Generator Sets Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global Gas Generator Sets Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Power Rating W.R.T. Packaging Power Rating
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Power Rating Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of Packagings
      • Packagings Consumption Analysis
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Packaging Landscape
  10. Global Gas Generator Sets Market 2017 – 2032 by Power Rating
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Power Rating [Value (US$ Mn) and Volume (Tons) Analysis]
      • ≤ 50 kVA
      • > 50 kVA – 125 kVA
      • > 125 kVA – 200 kVA
      • > 200 kVA – 330 kVA
      • > 330 kVA – 750 kVA
      • > 750 kVA
    • Market Attractiveness Analysis by Power Rating
  11. Global Gas Generator Sets Market 2017 – 2032 by End-User
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-User [Value (US$ Mn) and Volume (Tons) Analysis]
      • Residential
      • Commercial
      • Industrial
    • Market Attractiveness Analysis by End-User
  12. Global Gas Generator Sets Market 2017 – 2032 by Application
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
      • Standby
      • Peak Shaving
      • Prime/Continuous
    • Market Attractiveness Analysis by Application
  13. Global Gas Generator Sets Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  14. North America Gas Generator Sets Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By Power Rating
      • By End-User
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Power Rating
      • By End-User
      • By Application
  1. Latin America Gas Generator Sets Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Power Rating
      • By End-User
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Power Rating
      • By End-User
      • By Application
  1. Europe Gas Generator Sets Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Power Rating
      • By End-User
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Power Rating
      • By End-User
      • By Application
  1. Asia-Pacific Gas Generator Sets Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Power Rating
      • By End-User
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Power Rating
      • By End-User
      • By Application
  1. Middle East Gas Generator Sets Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By Power Rating
      • By End-User
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Power Rating
      • By End-User
      • By Application
  1. Africa Gas Generator Sets Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Power Rating
      • By End-User
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Power Rating
      • By End-User
      • By Application
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Packaging Power Rating Analysis
    • Company Footprint Analysis
      • Packaging Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • Brand Preference Analysis
    • Competition Dashboard
  3. Company Profiles
    • Cummins
      • Company Overview
      • Packaging & Financial Portfolio
      • Packaging Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • Briggs & Stratton Corporation
    • Kohler
    • Generac Power Systems
    • Caterpillar
    • Rolls-Royce
    • HIMOINSA
    • Mahindra Powerol
    • Genmac
    • Aggreko
    • Eaton
    • Champion Power Equipment
    • DuroMax Power Equipment
    • FIRMAN Power Equipment
    • Westinghouse Electric Corporation
  4. Assumptions and Acronyms

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