Synopsis: The global natural gas generator market has experienced a lucrative growth over the past few years and is projected to witness significant growth prospects over the coming years. The purposeful turn toward the adoption of natural gas gensets can be attributed to the surging need for large-scale standby electric power. Diesel generators have dominated the market over several decades and natural gas alternatives were seldom considered. However, the later was widely accepted for applications such as combined heat & power (CHP) and load management. Drivers: Gas engines, when compared to diesel engines has higher first cost and lower power density. These were mainly designed for extended duty. Maintenance cost fuel cost, and emissions remained the key concerns in this particular application. However, recent events and research studies have exposed some restraining factors of diesel engines in specific applications. Owing to the significant development in gas-fueled generation abilities to meet the expected load acceptance and code-driven start time standards, the market is booming and is estimated to surpass the capabilities of diesel engines over the next few years. Furthermore, its growing applicability for standby duty has made natural gas generators squarely into mainstream industry and are being absorbed into industrial security and commercial facilities. Restraints: High investment and purchasing costs are the key restraining factors hindering the market growth. Several efforts are been undertaken by the industry players to manufacture these at acceptable prices and enable the facility managers to mandate its installation. Another challenge that prevailed was the attempt to operate these at fairly light loads during routine testing and exercising procedures. To combat this challenge, the industry players are manufacturing standby engines that are pre-configured not allow operation load for more than one hour every month. Segmentations: On the basis type, the market has been segmented into composite, aluminum, and steel. Based on the application/end-use type, the market categorization includes residential, commercial, and industrial. The commercial business has recognized the benefits of LP or natural gas generators. The commercial line in the industry has an extensive range of applications such as televisions & radio stations, assisted living complex, fire & police, clinic, convenience store, stations, hardware store, gas station, office building, hotel, pharmacy, retail store, restaurant, school, and warehouse. Regional Outlook: Geographically, the natural gas generator market has been segmented into North America, Asia Pacific, Europe, Latin America, and MEA. North America dominated the global market space over the recent years, and this can be attributed to the developed industrial infrastructure, large shale gas reserves, and the growing government focus on cost reduction of standby electrical supplies. U.S. is the key contributor for the region’s growth as there is a growing focus on clean energy resources and the existence of a large number of generator OEMs. Competitive Landscape: Some of the key players operating in this market comprise of Kirloskar Oil Engines Ltd.; Briggs & Stratton Corporation; Cummins Inc.; Generac Holdings Inc.; Doosan Corporation; HIMOINSA S.L.; Caterpillar Inc.; and Kohler Co., Inc., among many others. The market players are adopting numerous expansion strategies such as collaborations, partnerships, and mergers & acquisitions. For instance, in November 2019, Rolls-Royce and VPower Group entered into a strategic partnership with each other to expand their foothold over the market by the development of MTU gas gensets. The fleet is being developed to deploy support key business streams such as LNG-to-power, distributed & fast track power solutions of VPower Group. Furthermore, a voluntary collaborative activity among natural gas purchasers is focusing on responsible and promote safe practices. The current members of the Natural Gas Supply Collaborative (NGSC) include Calpine Corporation, Austin Energy, Consolidated Edison Company of New York, Vermont Gas, DTE Energy, CPS Energy, Énergir, National Grid, Los Angeles Department of Water and Power, NRG Energy, Pacific Gas and Electric Company, NW Natural, and Xcel Energy. The analysts forecast the global natural gas generator market to exhibit a CAGR of 8.04% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global natural gas generator for 2019-2024. To calculate the market size, the report considers the natural gas generator sales volume and revenue. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, types, and applications. Geographically, the global natural gas generator market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024. - North America (U.S., Canada, Mexico, etc.) - Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.) - Europe (Germany, UK, France, Italy, Russia, Spain, etc.) - Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.) - South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.) On the basis of type, the global natural gas generator market is segmented into: - Aluminum - Composite - Steel Based on application, the natural gas generator market is segmented into: - Commercial - Residential - Industrial The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global natural gas generator market are: - Briggs & Stratton Corporation - Caterpillar Inc. - Cummins Inc. - Doosan Corporation - Generac Holdings Inc. - HIMOINSA S.L. - Kirloskar Oil Engines Ltd. - Kohler Co., Inc. - request free sample to get a complete list of companies Objective of the study: - To analyze and forecast the market size of global natural gas generator market. - To classify and forecast global natural gas generator market based on product type, application and region. - To identify drivers and challenges for global natural gas generator market. - To examine competitive developments such as expansions, mergers & acquisitions, etc., in global natural gas generator market. - To conduct pricing analysis for global natural gas generator market. - To identify and analyze the profile of leading players operating in global natural gas generator market. The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are: - Manufacturers of natural gas generator - Raw material suppliers - Market research and consulting firms - Government bodies such as regulating authorities and policy makers - Organizations, forums and alliances related to natural gas generator The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with natural gas generator suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.
Table of Contents 1. Summary 2. List of Abbreviations 3. Scope of the Report 4. Market Research Methodology 5. Introduction 5.1 Overview 5.2 Value Chain 6. Market Landscape 6.1 Market Size and Forecast 7. Market Segmentation by Product 7.1 Global Natural Gas Generator Market by Product 2014-2024 7.2 Global Aluminum Market 7.3 Global Composite Market 7.4 Global Steel Market 8. Market Segmentation by End-users 8.1 Global Natural Gas Generator Market by End-users 2014-2024 8.2 Global Natural Gas Generator Market by Commercial Segment 8.3 Global Natural Gas Generator Market by Residential Segment 8.4 Global Natural Gas Generator Market by Industrial Segment 9. Drivers & Challenges 9.1 Market Growth Drivers 9.2 Market Challenges 9.3 Market Trends 10. Natural Gas Generator Market in North America 10.1 Market Size and Forecast 10.2 Market Segmentation by End-users 10.3 Market Segmentation by Countries 11. Natural Gas Generator Market in Europe 11.1 Market Size and Forecast 11.2 Market Segmentation by End-users 11.3 Market Segmentation by Countries 12. Natural Gas Generator Market in Asia-Pacific 12.1 Market Size and Forecast 12.2 Market Segmentation by End-users 12.3 Market Segmentation by Countries 13. Natural Gas Generator Market in MEA 13.1 Market Size and Forecast 13.2 Market Segmentation by End-users 13.3 Market Segmentation by Countries 14. Natural Gas Generator Market in South America 14.1 Market Size and Forecast 14.2 Market Segmentation by End-users 14.3 Market Segmentation by Countries 15. Key Vendor Analysis 15.1 Briggs & Stratton Corporation 15.2 Caterpillar Inc. 15.3 Cummins Inc. 15.4 Doosan Corporation 15.5 Generac Holdings Inc. 15.6 HIMOINSA S.L. 15.7 Kirloskar Oil Engines Ltd. 15.8 Kohler Co., Inc.
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