Natural Gas Generator Market to Reach $7.71 Billion by 2026; Increasing Efforts Taken by Governing Bodies Across the World Will Fuel Product Demand

The global natural gas generator market size is projected to reach USD 7.71 billion by the end of 2026. The increasing awareness regarding the use of natural gas and sustainable products will emerge in favor of market growth. According to a report by Fortune Business Insights, titled “Natural Gas Generator Market Size, Share and Industry Analysis, By Power Rating (Below 75kVA, 75-375kVA, 375-750kVA, Above 750kVA), By Application (Stand-by and Continuous), By End-User (Residential, Commercial, and Industrial), and Regional Forecast, 2019 - 2026,” the market was worth USD 4.81 billion in 2018 and will exhibit a CAGR of 6.2% during the forecast period, 2019-2026.

A natural gas generator is a device that generates electricity for backup and power shortage cases with the help of natural gases such as methane and propane. Recent advancements in manufacturing of natural gas generators have allowed improved efficacies. The increasing efforts put in to maximize the use of natural gases, accounting to the harmful emissions due to normal combustible fuels, will emerge in favor of the companies operating in this market. The increasing investment towards the research and development of natural gas generators will yield products of the highest calibre. Moreover, the increasing awareness regarding the use of combustion fuels and adverse effects such as global warming and climate change will lead to a wider products adoption. The presence of several large scale companies will bode well for the market in the forthcoming years.

Stadwerke Kiel New Natural Gas-driven Product Will Have a Massive Global Impact

The report highlights a few of the major industry developments of recent times and discusses their impact on the growth of the market. Owing to the adverse effects of conventional fuels on the climate, several companies are looking to adopt natural gas generators. In January 2020, Stadwerke Kiel announced the launch of a new flexible natural gas engine-based power plant. The product will deliver a huge amount of output and will operate in a cost-effective manner. This step will not only influence the growth of the regional market, but will have a direct positive impact on the growth of the global market in the coming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/natural-gas-generators-market-100145

Growing Demand for Uninterrupted Power Supply Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the high demand for uninterrupted power supply has made a huge impact on the growth of the market. The use of generators across numerous industry verticals is primarily driven by its ability to provide continuous power supply. Moreover, the use of natural gas in these cases will fuel the demand for the product across the world. The high emphasis on the development of sustainable products will emerge in favor of the companies operating in the market.

Few Major Companies Likely to Account for Maximum Market Share

The market is a bit consolidated in nature, with a few major companies accounting for the maximum market share. Major companies continue to build on the massive investment towards the development of sustainable products. Moreover, these companies look to adopt newer strategies with a bid to establishing further dominance. A few of the leading companies that are operating in the market include:

• Atlas Copco (Sweden)


• Caterpillar Inc. (United States)


• Kohler-SDMO (France)


• Cummins Inc. (United States)


• Himoinsa (Spain)


• Ingersoll Rand (Ireland)


• American Honda Motor Company, Inc (United States)


• Kirloskar Electric Co. Ltd (India)


• Inmesol S.L.U (Spain)


• Generac Power Systems (United States)


• FG Wilson (United Kingdom)


• Briggs & Stratton (United States)


• Aggreko (United Kingdom)


• John Deere (United States)


• PRAMAC (Italy)

Further Report Findings:

• The report analyzes the natural gas generator market trends across five major regions. The market in Asia Pacific is set to witness considerable growth in the coming years. The efforts put in by countries such as China and Japan towards the adoption of sustainable energy will aid the growth of the regional market.


• High investment towards harnessing renewable energy sources by Indian government will encourage several companies based in this country.

Industry Developments:

August 2018 – Aggreko announced that it has signed a three-year contract with the island of St Croix, a US Virgin Island for the development of a LPG driven power plant.

The global natural gas generator market is segmented on the basis of: