Gas
genset consists of a gas engine and generator. The engine converts the chemical
energy of a fuel to mechanical energy and this mechanical energy is used to
spin the alternator rotor, thereby converting the mechanical energy to
electrical energy. The alternator consists of two parts i.e. a rotor and
stator. The various fuel includes natural gas, biogas, and others. 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. So,
gensets can be used either as a main source of energy or as a supplementary
source of power. The gas gensets are environment friendly and produces
lower carbon, sulfur, and nitrogen emissions.
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The
growing demand for Gas Genset is attributed to increasing industrialization,
especially in developing countries such as China and India. Generators are
becoming popular in commercial and industrial applications as they provide
uninterrupted power supply which is an important aspect of any manufacturing
facility for uninterrupted production activities. Moreover, factors such as
extreme weather conditions, stringent environmental norms, and infrastructural
developments are likely to drive the gas genset market. Asia-Pacific and North
America are expected to witness a strong growth for gas gensets as there is
abundant natural gas available in these regions.
Key Players
The
key players of the global Gas Genset market are Caterpillar,
Cummins, Wartsila, Siemens AG, General Electric, ABB Ltd., Generac Power
Systems, MTU Onsite Energy GmbH, PARAMAC, Sudhir Power, and Himoinsa, among
others.
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Segmental Overview
The
market for Gas Genset is segmented based on fuel as natural gas, biogas, and
others. The natural gas segment dominates the market. Natural gas industry in
North America has transformed in the last decade due to shale gas exploration
which has dramatically revitalized natural gas exploration and production.
Moreover, natural gas is rapidly moving from being a commodity traded between
certain regions towards the commodity traded globally on a much larger scale.
Regional Outlook
Region wise, North America held
the largest market share of the global gas genset market in 2017 owing to huge
availability of natural gas in the region. The global gas genset market in
North America is dominated by US owing to growth of natural gas and decline in
natural gas prices in the US. It is estimated that Asia-Pacific region would be
the fastest growing market during the forecast period, mainly due to the rising
natural gas production in the region. The gas genset market would be mainly
driven by the favorable government regulations against greenhouse gas
emissions.
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