Gas Genset Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00130315
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:8.49
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.49
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Gas Genset Market Analysis By Application (Standby Power, Prime/Continuous Power), By Type (Natural Gas, Biogas, LPG), and By Region Forecast to 2032:

The Gas Genset Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the need for reliable power generation, environmental concerns, and the growing adoption of gas-based energy solutions.

Gas Genset Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Gas Genset Market is the need for standby and prime/continuous power generation. Gas gensets provide a reliable source of electricity during grid outages or in remote areas where grid access is limited. This reliability makes them essential for various industries and critical facilities.

Environmental concerns and the shift toward cleaner energy sources contribute to market growth. Gas gensets, especially those running on natural gas, biogas, or LPG, offer lower emissions compared to traditional diesel gensets, aligning with sustainability goals and regulations.

Trends:

An emerging trend in the Gas Genset Market is the increasing use of biogas as a fuel source. Biogas, produced from organic waste, is a renewable and environmentally friendly fuel option. Its utilization in gas gensets supports both waste management and clean energy generation.

Restraints:

One of the key challenges hindering the growth of the Gas Genset Market is the dependency on gas infrastructure. The availability and accessibility of natural gas, biogas, or LPG can vary by region, affecting the feasibility of gas genset deployment.

Gas Genset Market Segmentation By Application:

  • Standby Power: Gas gensets used for standby power generation provide electricity during grid failures, ensuring uninterrupted operations in critical facilities such as hospitals and data centers.
  • Prime/Continuous Power: Prime or continuous power gensets are designed for ongoing, long-term power generation and are used in industries, commercial establishments, and remote areas with unreliable grid access.

Gas Genset Market Segmentation By Type:

  • Natural Gas: Gensets running on natural gas are a popular choice due to the abundance and relatively low cost of natural gas. They offer a cleaner alternative to diesel gensets.
  • Biogas: Biogas gensets use methane produced from organic waste, making them an eco-friendly option. They support waste-to-energy initiatives.
  • LPG (Liquefied Petroleum Gas): LPG gensets offer a versatile fuel source suitable for various applications, including residential, commercial, and industrial.

Regional Overview:


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  • North America is expected to be a key contributor to the global Gas Genset Market, driven by the need for reliable power backup solutions in industries and commercial sectors.
  • Europe places a strong emphasis on renewable energy integration and emissions reduction, supporting the adoption of gas gensets, especially those running on biogas and natural gas.

Gas Genset Market Customer Landscape:

The Gas Genset Market serves a wide range of customers, including industrial facilities, commercial establishments, healthcare institutions, data centers, and residential users. Understanding the specific power generation needs of these customers is essential for market players.

Major Gas Genset Market Companies:

Companies in the gas genset market focus on developing efficient and environmentally friendly genset solutions to meet the evolving demands of customers.

Example companies include:

  1. Cummins Inc: Cummins offers a range of gas gensets that run on natural gas and biogas, providing reliable and clean power solutions.
  2. Caterpillar Inc: Caterpillar manufactures gas gensets known for their durability and efficiency, suitable for various applications.
  3. Kohler Co: Kohler provides LPG and natural gas gensets for residential, commercial, and industrial use, emphasizing energy efficiency and reliability.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • Generac Power Systems
  • Wärtsilä Corporation
  • Mitsubishi Heavy Industries, Ltd.
  • Siemens AG
  • Rolls-Royce Power Systems AG
  • Doosan Corporation
  • GE Energy
  • INNIO Group
  • Yanmar Co., Ltd.
  • Briggs & Stratton Corporation

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their product offerings and market share.

Segment Overview:

The Gas Genset Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Standby Power
    • Prime/Continuous Power
  • Type Outlook (USD Million, 2019 - 2032):
    • Natural Gas
    • Biogas
    • LPG (Liquefied Petroleum Gas)
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Rest of Asia-Pacific
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

TABLE OF CONTENTS: GLOBAL GAS GENSET MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. GAS GENSET MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Gas Genset Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. GAS GENSET MARKET BY Fuel INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Natural Gas

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Biogas

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. GAS GENSET MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Standby

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Peak Shaving

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Continuous

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. GAS GENSET MARKET REGIONAL OUTLOOK

7.1. Gas Genset Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Gas Genset Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Gas Genset Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Gas Genset Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Gas Genset Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Gas Genset Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Caterpillar

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Cummins

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Wartsila

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. Siemens AG

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. GE

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. ABB

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. Genrac Power Systems

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. MTU Onsite Energy GmbH

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. PARAMAC

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Himoinsa

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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