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Extreme Power Outages, Unreliable Grid System and Expanding Gas Infrastructure Drive the Market for Gas Generators
21-Feb-2019
North America
Market Research
PA32-01-00-00-00
EG01960-NA-MR_22879
Gas generators will continue to play an important role in the energy mix, despite the rise of renewable energy based power generation. The fastest growth is expected in Asia-Pacific (APAC) as nations there are expected to diversify their power mix—away from coal an1d towards a more carbon-free form of power. The focus of this research service is to analyse the drivers and restraints that affect the growth of the global gas generator set market. Factors including increased power outages, natural disasters and expanding gas infrastructure are likely to drive the demand for gas generator sets from 2017 to 2022.
Frost & Sullivan valued the global gas generator set market at $5.53 billion in 2017. Market growth is anticipated to be bolstered by the liquefied natural gas (LNG) and shale gas boom. APAC is forecast be the fastest-growing market as countries in this region are gearing up to diversify their power mix—away from coal and towards a more carbon-free form of power. Commercial and industrial segments play a critical role in the gas generator set market. A number of small- and medium-scale industries that rely on generators for continuous power supply are on the rise. Further, the booming middle-class population in Asian and African countries has created a surge in economic activities. As more electronic devices are integrated into the lives of people, gas generators will see increased installations towards providing uninterrupted power. This factor will fuel a steady increase in demand for residential generators (capacity below 30kW) during 2017-2022. However, increasing investments into substitute technologies like solar, wind, batteries and smart grid solution like demand response are projected to restrain market growth.
Research Highlights
This study addresses the future and present market opportunities globally as well as challenges faced by industry participants in a rapidly changing environment. It highlights the competitive forces driving the market globally. It further provides information on the regions to look at for future investment along with growth strategies. Market metrics are provided for North America, Latin America, Europe, APAC, and Africa and the Middle East.
The study covers the global gas generator sets market from three basic angles
- Output Power Range: Up to 30kW, 30.1-60kW, 60.1-150kW, 150.1-300kW, 300.1-500kW, 500.1-1000kW, 1000.1-3000kW.
- End-user: Residential, Commercial, Industrial
- Application: Stand-by Power, Prime Power, Peak-Shaving
Key Issues Addressed
- Is the market growing and at what rate? What is the anticipated growth between 2017 and 2022?
- Are the existing competitors structured correctly to meet customer needs?
- How will the structure of the market change with time?
- Is there any development with the products/segments offered today?
- Are the generator sets offered today meeting customers’ needs, or is additional development needed?
- Are the vendors in the space ready to go it alone, or do they need partnerships to take their business to the next level?
Key Findings
Key Findings (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Key Regional Highlights
Key Natural Gas Market Trends
Key Natural Gas Market Trends (continued)
New Gas Supply Landscape—Technically Recoverable Reserves
New Gas Supply Landscape—Technically Recoverable Reserves (continued)
Definitions
Definitions (continued)
Definitions (continued)
Definitions (continued)
Key Questions this Study will Answer
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Restraints Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Total Gas Generator Set Market—Unit Shipment and Revenue Forecast
Unit Shipment and Revenue Forecast—Discussion
Revenue Forecast by Output Power Range
Unit Shipment Forecast by Output Power Range
Unit Shipment and Revenue Forecast by Output Power Range—Discussion
Revenue Forecast by Region
Revenue Forecast by Region—Discussion
Revenue Forecast by End User
Revenue Forecast by End User—Discussion
Revenue Forecast by Application
Revenue Forecast by Application—Discussion
Region in Focus—North America
Gas Generator Set Market—Unit Shipment and Revenue Forecast
Revenue Forecast by Output Power Range
Unit Shipment Forecast by Output Power Range
Unit Shipment and Revenue Forecast—Discussion
Unit Shipment and Revenue Forecast—Discussion (continued)
Unit Shipment and Revenue Forecast—Discussion (continued)
Market Share
Market Share Analysis
Competitive Environment
Region in Focus—Latin America
Gas Generator Set Market—Unit Shipment and Revenue Forecast
Revenue Forecast by Output Power Range
Unit Shipment Forecast by Output Power Range
Unit Shipment and Revenue Forecast—Discussion
Unit Shipment and Revenue Forecast—Discussion (continued)
Market Share
Market Share Analysis
Competitive Environment
Region in Focus—Europe
Generator Set Market—Unit Shipment and Revenue Forecast
Revenue Forecast by Output Power Range
Unit Shipment Forecast by Output Power Range
Unit Shipment and Revenue Forecast—Discussion
Unit Shipment and Revenue Forecast—Discussion (continued)
Market Share
Market Share Analysis
Competitive Environment
Region in Focus—Asia-Pacific
Gas Generator Set Market—Unit Shipment and Revenue Forecast
Revenue Forecast by Output Power Range
Unit Shipment Forecast by Output Power Range
Unit Shipment and Revenue Forecast—Discussion
Unit Shipment and Revenue Forecast—Discussion (continued)
Unit Shipment and Revenue Forecast—Discussion (continued)
Market Share
Market Share Analysis
Competitive Environment
Region in Focus—Middle East and Africa
Gas Generator Set Market—Unit Shipment and Revenue Forecast
Revenue Forecast by Output Power Range
Unit Shipment Forecast by Output Power Range
Unit Shipment and Revenue Forecast—Discussion
Unit Shipment and Revenue Forecast—Discussion (continued)
Unit Shipment and Revenue Forecast—Discussion (continued)
Market Share
Market Share Analysis
Competitive Environment
Market Share
Market Share Analysis
Competitive Forces
Growth Opportunity 1—Residential Segment
Growth Opportunity 2—Oil and Gas Segment
Growth Opportunity 3—Data Centres Segment
Growth Opportunity 4—Healthcare Segment
Growth Opportunity 5—Office Building Segment
Strategic Imperatives for Success and Growth
The Last Word—3 Big Predictions
Legal Disclaimer
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
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Research Highlights
This study addresses the future and present market opportunities globally as well as challenges faced by industry participants in a rapidly changing environment. It highlights the com
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Sambhavy Shrestha |
| Industries | Energy |
| WIP Number | PA32-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9AFF-A4,9B00-A4,9851 |
Global Gas Generator Set Market, Forecast to 2022
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