According to a new report published by KD Market Insights, titled, “Natural Gas Generator Market Insights, Trends, Opportunity & Forecast, 2021–2026,” the global natural gas generator market size is anticipated to witness a single digit growth during the forecast period i.e. 2021-2026.

The market of natural gas generator is expected to thrive on the back of rising environmental concerns among consumers. Additionally, government across the globe is encouraging consumers to adopt eco-friendly technologies such as natural gas generator. Further, the rising adoption of natural gas generators in different industries such as oil & gas, telecom and others is escalating the growth of the global natural gas generators market. The increasing infrastructural development in the emerging economies owing to rising urbanization is encouraging the adoption of natural gas generators for electrical power generation purposes, which in turn is likely to drive the growth of the global natural gas generator market during the forecast period.

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The North American region held the largest market share in 2020 and is expected to retain its dominance in the market over the forecast period.  This can be attributed to the abundance of natural gas in the U.S. coupled with the presence of developed infrastructure for transportation of natural gas in the country. However, the Asia Pacific region is expected to witness the highest growth during the forecast period.

According to power range, the 750 KVA and above segment is expected to witness substantial growth over the forecast period. This can be attributed to the increasing conversion of coal-fired power plants into gas-fired power stations to mitigate the rising GHG emissions. According to application, the commercial segment held the largest market share in 2020 and is predicted to grow at highest CAGR during the forecast period owing to the robust growth in commercial sectors in the developing countries of Asia Pacific.

The global natural gas generator market is segmented into power range, application, phase and region. Based on power range, the market is bifurcated into 0-100 KVA, 101-350 KVA, 351-750 KVA and 750 KVA and above. Based on application, it is classified into commercial, residential and industrial. Based on phase, it is classified into single phase and 3 phase.

The global natural gas generator market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Natural Gas Generator Market

  • On the basis of power range, the 750 KVA and above segment is expected to witness substantial growth over the forecast period.
  • On the basis of application, the commercial segment held the largest market share in 2020 and is predicted to grow at highest CAGR during the forecast period.
  • On the basis of region, the North American region held the largest market share in 2020 and is expected to retain its dominance in the market over the forecast period. .
  • On the basis of region, the Asia Pacific region is expected to witness the highest growth during the forecast period.

Some of the major natural gas generator companies profiled in the report include Caterpillar Inc., Cummins, Generac Power Systems Inc., Kohler Co., Himoinsa S.L., Doosan Corporation, Kirloskar Oil Engines Ltd., Aggreko Plc., APR Energy Inc. and MQ Power Corporation.

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By saddam

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