Gas
Genset Market Scenario
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.
Scope
of the Report
This report provides an in-depth analysis of the
global gas genset market, tracking four market segments across five geographic
regions. The report studies key players, providing a five-year annual trend
analysis that highlights market size, and share for North America, Asia-Pacific
(APAC), Europe, the Middle East & Africa, South America. The report also
provides a forecast, focusing on the market opportunities for the next five
years for each region. The scope of the study segments the
gas genset market by
its fuel, power rating, application, end-user, and region.
Industry
Segmentation
Global gas genset market has been segmented based on
fuel, power rating, application, end-user, and region. Based on fuel, the
market is classified into natural gas, biogas, and others. Natural gas segment
is leading the market and has the largest market share, mainly due to
availability of natural gas. The global gas genset market is further segmented
based on power rating into up to 100 KVA, 100-350 KVA, 350-1000, and Above 1000
KVA. Based on application, the global
gas genset market is segmented into standby, peak shaving, and continuous. Standby segment led the global gas genset
market in 2017. The global gas genset market is segmented by end-user into
industrial, residential, and commercial. Residential segment is estimated to
register the highest growth rate in the global gas genset market during the
forecast period.
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.
Prominent
Players
The key players of the global gas genset market are
Caterpillar, Cummins, Wartsila, Siemens AG, GE, ABB, Genrac Power Systems, MTU
Onsite Energy GmbH, PARAMAC, Himoinsa, and Sudhir Power. among others.
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