Gas
Generator Market Synopsis
Gas
generators are used to generate electricity by using chemical energy from gas
fuels. It is gaining popularity as an alternative source of electricity. Market
Research Future (MRFR) has studied the global gas generator market on a
detailed segmental and regional basis. It unfolds that the global market is expanding
at a rapid pace and is anticipated to mark a CAGR of 8% across the forecast
period. The Gas
Generator Market is likely to earn considerable amount of
revenue over the next couple of years. A gradual decline in prices of fuel is
anticipated to boost the great of the market in the years to come.
Developing
nations exhibit immense potential for the growth of the gas generator market.
The rapid industrialization in these economies requires huge investments for
continuous supply of power. It is anticipated to impact the gas generator
market positively in the coming years. In addition, the rising demand for
electricity in these regions is also poised to influence the boom in the gas
generator market across the assessment period. The rising urban population of
the regions is projected to drive the growth of the gas generator market in the
forthcoming years. It is anticipated to fuel the demand for electricity, which
in turn, is poised to catalyze the demand for gas generators.
Regional
Analysis:
The
global gas generator market has been assessed in detail on the basis of four
key regional segments - Europe, Asia Pacific ( APAC), North America, and the
Rest of the world (RoW). These regions are further assessed on the basis of key
countries present. According to the report, currently, Asia Pacific is dictating
the growth pattern of the gas generator market. The region houses some of the
fastest growing economies that exhibit huge demand for electricity. It is
anticipated to drive the expansion of the gas generator market in the upcoming
years. Also, the rising production of the product in China is expected to play
a key role in the development of the gas generator market across the forecast
period.
Market
Segmentation:
By power capacity,
the gas generator market has been segmented into > 300 KW, 301 KW - 1 MW,
and < 1 MW.
On the basis of end-user, the gas generator market has
been segmented into commercial & industrial, residential, and utility.
Competitive
Dashboard:
APR Energy (USA), General
Electric Company (USA), Siemens Ltd. (Germany), Aggreko plc (U.K), Hyundai
Heavy Industries Co., Ltd. (South Korea), Toshiba Corporation (Japan), Mitsubishi
Electric Corporation (Japan), Bharat Heavy Electricals Limited (India), Hyosung
Corporation (South Korea), and Perkins Engines Company Limited (U.K) are some of
the major players of the global gas generator market.
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
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