Gas Genset Market Insights, Deep Analysis of Key Vendor in the Industry 2019-2026

Gas genset consists of a gas engine and generator. The engine converts the chemical energy of a fuel to mechanical energy and uses it to spin the alternator rotor, thereby producing electrical energy. The alternator consists of two parts i.e. a rotor and stator. The other components of genset are fuel day tank, basecamp, cooling system, and an enclosure, if needed. Gensets provide energy mostly in geographical areas which are not connected to power grid and in areas with frequent power outages. Thus, gensets can be used either as a main source of energy or as a supplementary source of power. They are environment friendly and produces lower carbon, sulphur, and nitrogen emissions.
The major factors driving the growth of the global gas genset market include the improved efficiency of gas gensets as compared to diesel gensets and its low operational cost. The rising electricity demand-supply gap and increasing carbon emission across the globe, is encouraging the end-users to opt for gas gensets for a continuous supply of electricity. Gas genset are often used across numerous industries, such as healthcare & pharmaceutical industries, transportation & communication, and in water treatment plants as a back-up resource during power outage or grid failure. The growing usage of gas gensets in various application is expected to drive the growth of gas genset market. Moreover, the rising environmental concerns, growing awareness about green house gas emission, and increasing fluctuation in oil & gas industries will have a positive impact on the growing demand of the market over the coming years. However, the limited availability of gases along with disruption of gases during the natural calamities are the factors hampering the growth of gas genset market.
Based on the region, Asia-Pacific is expected to grow at a higher CAGR during forecast period due to the increasing production of natural gases and rapid globalization in emerging economies such as China, Japan and India. In addition, lack of power distribution management and increasing power outages in developing countries are some other factors that are anticipated to drive the growth of gas genset market in this region.
The global gas genset market has been segmented on the basis of fuel, power rating, application and end user. Based on fuel, the market is segmented into natural gas, biogas and others. Based on power rating, the market is segmented into Up to 100 KVA, 100-350 KVA, 350-1000 KVA and Above 1000 KVA. Based on application, the market is segmented into standby, peak shaving and continuous. Based on end user, the market is segmented into residential, industrial, commercial and others.
Some of the major players of global gas genset market are ABB, Siemens AG, General Electric, Cummins Inc., Caterpillar, Himoinsa, Rolls-Royce Power Systems AG, Generac Power Systems Inc., Wartsila and Sudhir among others.
Market Segmentation:
Global Gas Genset Market by Fuel
  • Natural Gas
  • Biogas
  • Others
Global Gas Genset Market by Power Rating
  • Up to 100 KVA
  • 100-350 KVA
  • 350-1000 KVA
  • Above 1000 KVA
Global Gas Genset Market by Application
  • Standby
  • Peak Shaving
  • Continuous
Global Gas Genset Market by End User
  • Residential
  • Industrial
  • Commercial
  • Others
Global Gas Genset Market by Region
  • North America Gas Genset Market
  • Europe Gas Genset Market
  • Asia-Pacific Gas Genset Market
  • ROW Gas Genset Market
Leading Market Players
  • ABB
  • Siemens AG
  • General Electric
  • Cummins Inc.
  • Caterpillar
  • Himoinsa
  • Rolls-Royce Power Systems AG
  • Generac Power Systems Inc.
  • Wartsila
  • Sudhir
About Noah Research
Noah Research is a market research and advisory company based out of India. The company provides syndicated reports, customized reports as well as consulting services to small and medium companies as well as large corporations worldwide. We analyse high growth niche markets and provide you with accurate trends and forecasts. Our in-house database features thousands of datapoints and in-depth analysis on 13 industries in major countries globally. Our dedicated team of analysts helps to you garner hidden insights in each market, so that you can plan your next strategic move and take your company’s future to a higher level.
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