Natural Gas Generator Market Share & Trends Analysis Report By Rating (Low Rating, Medium Rating, High Rating), By Application (Industrial, Residential, Commercial), And Segment Forecasts, 2019 - 2025

Published: Dec, 2019 | Pages: 95 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)

The global natural gas generator market size is projected to reach USD 10.87 Billion by 2025, registering a CAGR of 10.7% over the forecast period, according to a new report by Grand View Research, Inc. growing demand for back-up power coupled with increasing government regulation to reduce the carbon emission caused by diesel generator is likely to strengthen the growth for the natural gas genset market during the forecast period.

The global electricity demand is anticipated to witness an increase of nearly two-thirds the current demand over the forecast period. The current availability of natural gas in large quantities and its relatively lower prices, especially in regions such as North America and Europe, have led to an increase in power generation using natural gas.

Increasing focus on electricity generation through cleaner sources and environmental concerns arising from diesel generators are the factors anticipated to increase the share of natural gas generator set in the coming years.

Conventional generators such as diesel generator emit harmful gases including nitrogen oxide, hydrocarbons, and carbon monoxide due to the combustion of diesel. Due to this, different regulatory bodies have imposed stringent regulations that pose a barrier to the usage of diesel generators. This, in turn, has resulted in the growth of eco-friendly alternatives of diesel generators such as natural gas generator.

Emerging economies in Asia Pacific region such as India, China, Japan and others have witnessed a strong growth in commercial sectors. IT, telecom and retail sector, resulting in the growth of demand for natural generators over diesel generator for back-up power application owing to the increasing stringent government regulation to curb greenhouse gas emission caused by diesel generator.

Further key findings from the report suggest:

• Low power generator accounted for the largest market share in power rating segment with USD 2,321.7 million in 2018. Low power generator are very popular for residential and commercial power backup operation. Due to growing urbanization, national grids are getting pressurized which is resulting in the increased demand supply gap for power which is eventually driving the demand for natural gas generator market.

• Medium power generator in power rating segment is projected to grow at highest CAGR during the forecast period. Increasing demand from emerging economies such as China, India and Brazil for back -up power system which uses clean fuel, for commercial and industrial application are a major driver for medium power generators.

• For application segment, commercial segment accounted for the largest market share in 2018 and is projected to grow at highest CAGR during the forecast period Developing economies in Asia Pacific have witnessed strong growth in commercial sectors. IT, telecom, and retail are some of the major sectors that are growing rapidly in developing countries of Asia Pacific, resulting in a high demand for natural gas generators as natural gas generator are crucial for back-up power in these facilities.

• North America accounted for the largest market share in 2018. The abundance of natural gas in the U.S. coupled with developed infrastructure for transportation of natural gas within the country has played a vital role in driving the demand for gas generator sets in the U.S.

• Asia Pacific market is forecasted to witness highest growth during the forecast period and is projected to be valued at USD 2.84 billion by 2025. High growth of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial generator sets in the region.

• The establishment of heavy equipment, oil & gas, and process companies in China owing to low labor and utility costs has been one of the factors responsible for the growing penetration of gas generator set in the region.

• Some of the significant industry participants include Cummins Inc., Caterpillar Inc., Kohler co. Inc., Mitsubishi Heavy Industries, Ltd., MTU Onsite Energy, Generac Power Systems, Inc., Cooper Corp., General Electric, Yanmar Co., Ltd, Mahindra Powerol, and others. These players have adopted various organic and inorganic growth strategies to expand there product portfolio and geographical footprint.

 Table of Contents

Chapter 1 Methodology & Scope
                 1.1 Market Segmentation & Scope
                 1.2 Market Definitions
                 1.3 Assumptions
                 1.4 Information Procurement
                     1.4.1 Purchased Database
                     1.4.2 GVR's Internal Database
                     1.4.3 Secondary Sources
                     1.4.4 Third Party Perspective
                     1.4.5 Primary Research
                 1.5 Information Analysis
                     1.5.1 Data Analysis Models
                 1.6 Market Formulation and Data Visualization
                 1.7 Data Validation and Publishing
Chapter 2 Executive Summary
                 2.1 Market Outlook
                 2.2 Segmental Outlook
                 2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
                 3.1 Market Lineage Outlook
                     3.1.1 Global generator Market Outlook
                 3.2 Penetration & Growth Prospect Mapping
                 3.3 Industry Value Chain Analysis
                     3.3.1 Raw Material Trends
                         3.3.1.1 Major Raw Materials Analysis
                             3.3.1.1.1 Copper
                             3.3.1.1.2 Steel
                         3.3.1.2 Procurement Best Practices
                     3.3.2 Manufacturing Trends
                         3.3.2.1 Technology Trends
                         3.3.2.2 Cost Structure Analysis
                     3.3.3 Sales Channel Analysis
                     3.3.4 Vendor Selection Criteria Analysis
                     3.3.5 Profit Margin Analysis
                     3.3.6 List of potential Key End-Users
                 3.4 Technology Overview
                     3.4.1 Technology Timeline
                 3.5 Regulatory Framework
                     3.5.1 Product classification code:
                     3.5.2 Standard & Compliances:
                     3.5.3 Safety
                 3.6 Market Dynamics
                     3.6.1 Market Driver Analysis
                         3.6.1.1 Reduction in the prices of natural gas
                         3.6.1.2 Growing demand for electric power through clean energy sources
                     3.6.2 Market Restraint Analysis
                         3.6.2.1 Limited natural gas reserves
                         3.6.2.2 High cost of gas generator and presence of substitutes
                     3.6.3 Opportunity Assessment
                 3.7 Business Environment Analysis: Natural Gas Generator Market
                     3.7.1 Industry Analysis - Porter's
                     3.7.2 PESTEL analysis
                 3.8 Market Entry Strategies
Chapter 4 Global Natural Gas Generator Market: Power Rating Estimates & Trend Analysis
                 4.1 Power Rating Movement Analysis & Market Share, 2018 & 2025
                 4.2 Low Power Generator
                     4.2.1 Market estimates and forecasts for low power generator, 2014 - 2025 (USD Million)
                 4.3 Medium Power Generator
                     4.3.1 Market estimates and forecasts for medium power generator, 2014 - 2025 (USD Million)
                 4.4 High Power Generator
                     4.4.1 Market estimates and forecasts for high power generator, 2014 - 2025 (USD Million)
Chapter 5 Global Natural Gas Generator Market: Application Estimates & Trend Analysis
                 5.1 Application Movement Analysis & Market Share, 2018 & 2025
                 5.2 Industrial
                     5.2.1 Market estimates and forecasts for Industrial Application, 2014 - 2025 (USD Million)
                 5.3 Commercial
                     5.3.1 Market estimates and forecasts for Commercial Application, 2014 - 2025 (USD Million)
                 5.4 Residential
                     5.4.1 Market estimates and forecasts for Residential Application, 2014 - 2025 (USD Million)
Chapter 6 Global Natural Gas Generator Market: Regional Estimates & Trend Analysis
                 6.1 Global Natural Gas Generator Market: Regional Movement Analysis, 2018 & 2025
                 6.2 North America
                     6.2.1 Market estimates and forecasts, by Power Rating 2014 - 2025 (USD Million)
                     6.2.2 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                     6.2.4 U.S.
                         6.2.4.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.2.4.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.2.5 Canada
                         6.2.5.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.2.5.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.2.6 Mexico
                         6.2.6.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.2.6.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                 6.3 Europe
                     6.3.1 Market estimates and forecasts, by Power Rating 2014 - 2025 (USD Million)
                     6.3.2 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                     6.3.3 UK
                         6.3.3.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.3.3.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.3.4 Germany
                         6.3.4.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.3.4.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.3.5 Russia
                         6.3.5.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.3.5.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.3.6 France
                         6.3.6.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.3.6.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                 6.4 Asia Pacific
                     6.4.1 Market estimates and forecasts, by Power Rating 2014 - 2025 (USD Million)
                     6.4.2 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                     6.4.3 China
                         6.4.3.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.4.3.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.4.4 Japan
                         6.4.4.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.4.4.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.4.5 India
                         6.4.5.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.4.5.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.4.6 South Korea
                         6.4.6.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.4.6.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                 6.5 Central & South America
                     6.5.1 Market estimates and forecasts, by Power Rating 2014 - 2025 (USD Million)
                     6.5.2 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                     6.5.3 Brazil
                         6.5.3.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.5.3.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.5.4 Argentina
                         6.5.4.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.5.4.1 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                 6.6 Middle East & Africa
                     6.6.1 Market estimates and forecasts, by Power Rating 2014 - 2025 (USD Million)
                     6.6.2 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                     6.6.3 Saudi Arabia
                         6.6.3.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.6.3.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
                     6.6.4 UAE
                         6.6.4.1 Market estimates and forecasts, by power rating 2014 - 2025 (USD Million)
                         6.6.4.2 Market estimates and forecasts, by application 2014 - 2025 (USD Million)
Chapter 7 Competitive Landscape
                 7.1 Key Global Players & Recent Developments & Their Impact on the Industry
                 7.2 Vendor Landscape
                     7.2.1 List of Key Distributors and Channel Partners
                     7.2.2 Key Company Market Ranking Analysis, 2018
                         7.2.2.1 Competitive Heat Map Analysis
                     7.2.3 Company Market Position Analysis
                 7.3 Competitive Landscape
                 7.4 Strategic Framework
Chapter 8 Company Profiles
                 8.1 Caterpillar Inc.
                     8.1.1 Company Overview
                     8.1.2 Product Benchmarking
                     8.1.3 Financial Performance
                     8.1.4 Strategic Initiatives
                 8.2 Cummins Inc.
                     8.2.1 Company Overview
                     8.2.2 Product Benchmarking
                     8.2.3 Financial Performance
                     8.2.4 Strategic Initiatives
                 8.3 Generac Power Systems
                     8.3.1 Company Overview
                     8.3.2 Product Benchmarking
                     8.3.3 Financial Performance
                     8.3.4 Strategic Initiatives
                 8.4 Mitsubishi Heavy Industries, Ltd.
                     8.4.1 Company Overview
                     8.4.2 Product Benchmarking
                     8.4.3 Financial Performance
                     8.4.4 Strategic Initiatives
                 8.5 Kohler Co., Inc.
                     8.5.1 Company Overview
                     8.5.2 Product Benchmarking
                     8.5.3 Strategic Initiatives
                 8.6 General Electric
                     8.6.1 Company Overview
                     8.6.2 Product Benchmarking
                     8.6.3 Financial Performance
                     8.6.4 Strategic Initiatives
                 8.7 MTU Onsite Energy GmbH
                     8.7.1 Company Overview
                     8.7.2 Product Benchmarking
                     8.7.3 Strategic Initiatives
                 8.8 Mahindra Powerol
                     8.8.1 Company Overview
                     8.8.2 Product Benchmarking
                     8.8.3 Strategic Initiatives
                 8.9 Yanmar Co., Ltd.
                     8.9.1 Company Overview
                     8.9.2 Product Benchmarking
                     8.9.3 Financial Performance
                 8.10 Coopercorp Generators
                     8.10.1 Company Overview
                     8.10.2 Product Benchmarking

List of Tables

Table 1 Global natural gas generator market estimates and forecasts in low power generator 2014 - 2025 (USD Million)
Table 2 Global natural gas generator market estimates and forecasts for medium power generator 2014 - 2025 (USD Million)
Table 3 Global natural gas generator market estimates and forecasts for medium power generator2014 - 2025 (USD Million)
Table 4 Global natural gas generator market estimates and forecasts in industrial application 2014 - 2025 (USD Million)
Table 5 Global natural gas generator market estimates and forecasts for commercial application 2014 - 2025 (USD Million)
Table 6 Global natural gas generator market estimates and forecasts for residential application 2014 - 2025 (USD Million)
Table 7 North America natural gas generator market volume, by power rating, 2014 - 2025 (USD Million))
Table 8 North America natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 9 U.S. natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 10 U.S. natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 11 Canada natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 12 Canada natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 13 Mexico natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 14 Mexico natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 15 Europe natural gas generator market volume, by power rating, 2014 - 2025 (USD Million))
Table 16 Europe natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 17 UK. natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 18 UK natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 19 Germany natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 20 Germany natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 21 Russian natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 22 Russian natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 23 France natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 24 France natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 25 Asia Pacific natural gas generator market volume, by power rating, 2014 - 2025 (USD Million))
Table 26 Asia Pacific natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 27 China natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 28 China natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 29 Japan natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 30 Japan. natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 31 India natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 32 India natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 33 South Korea natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 34 South Korea natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 35 Central & South America natural gas generator market volume, by power rating, 2014 - 2025 (USD Million))
Table 36 Central & South America natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 37 Brazil natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 38 Brazil natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 39 Argentina natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 40 Argentina natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 41 Middle East & Africa natural gas generator market volume, by power rating, 2014 - 2025 (USD Million))
Table 42 Middle East & Africa natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 43 Saudi Arabia natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 44 Saudi Arabia natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 45 UAE natural gas generator market revenue, by power rating, 2014 - 2025 (USD Million)
Table 46 UAE natural gas generator market revenue, by application, 2014 - 2025 (USD Million)
Table 47 Major players with recent development

List of Figures

Fig. 1 Natural gas generator market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Global generator market- estimates and forecast, 2014 - 2025 (USD Million)
Fig. 7 Natural gas generator market - Penetration & growth prospect mapping
Fig. 8 Natural gas generator market - Industry value chain analysis
Fig. 9 Global copper consumption, 2015 - 2022 (kilo ton)
Fig. 10 Global crude steel production, 2000 - 2017 (Million tons)
Fig. 11 Cost Structure Analysis (2019)
Fig. 12 Technology Timeline
Fig. 13 Market driver impact analysis
Fig. 14 Henry Hub natural gas prices
Fig. 15 Market restraint impact analysis
Fig. 16 Proven natural gas reserve by region
Fig. 17 Natural gas generator market analysis - Porter's
Fig. 18 Natural gas generator market analysis - PESTEL analysis
Fig. 19 Global natural gas generator market share by power rating, 2018 & 2025 (USD Million)
Fig. 20 Global natural gas generator market share by Application, 2018 & 2025 (USD Million)
Fig. 21 Global Natural Gas Generator Market - Regional Movement Analysis, 2018 & 2025
Fig. 22 Four quadrant positioning of vendors
Fig. 23 Strategic Framework