Market
Highlights
Gas Generator is a device normally used in
engineering that generates electricity by utilizing the chemical energy from a
gaseous fuel medium. The increasing acceptance of gas generators around all the
end-users is immensely contributing towards the growing demand of gas
generator. The gradual downfall in internal oil & gas prices has created a
huge potential for gas generator market to grow in forecast period.
The growing need for uninterrupted power supply
during power outages and power failure has boosted the adoption of gas
generator in all major sectors. Phenomenal growth in healthcare infrastructure,
rising demand for data centers & IT facilities and rapid urbanization in
developing countries are driving the global gas generator market. However,
limited power generation capacity, high maintenance & operating cost and
rise in transmission & distribution expenditure may hinder the global gas
generator market.
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Industry
Overview
A Gas Generator is a device normally used to
generate electricity, by propelling the gas over the turbine in a compressed
state. Gas generators have been in use as auxiliary power equipment for a long
time in residential households.
Currently, the market is experiencing strong demand
for generators with capacity less than 300 kW and above 1 MW. Generators with
capacity less than 300 kW are primarily used in small-scale industries where
the total load is less and the operation is of short timeline. The demand for these
categories of generators is likely to come from emerging industries in the
developing nations such as, China and India, as these countries are the center
of small cost-driven businesses who are slowing grasping market. Also, the
growing power outage rates in this country have certainly increased the demand
for gas generators.
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Key
Players
The key players of global gas generator market are
APR Energy (USA), Siemens Ltd. (Germany), General Electric Company (USA),
Aggreko plc (U.K), Toshiba Corporation (Japan), Hyundai Heavy Industries Co.,
Ltd. (South Korea), Mitsubishi Electric Corporation (Japan), Hyosung
Corporation (South Korea), Bharat Heavy Electricals Limited (India) and Perkins
Engines Company Limited (U.K).
Asia-Pacific
region is expected to grow at the fastest rate
The gas generator market in the Asia-Pacific region
is currently leading and is followed by Europe market. The rapid industrial
development in the countries such as India and China, where there are issues
with continuous electricity supply, is driving the market for power
transformers. Also R&D and utilization of ultra-high voltage transformers
in China and India will drive power transformer market.
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