"Actionable Insights to Fuel Your Growth"

Russia Gas Generator Market Size, Share and COVID-19 Impact Analysis, By Power Rating (Up to 100 kVA, 100-350 kVA, 350-750 kVA, 750-1000 kVA, 1000-2000 kVA, 2000-3000 kVA, and Above 3000 kVA), By End-user (Mining, Data Centers, Construction, Manufacturing, Tourism/Hospitality, Oil & Gas, Residential, Agricultural/Greenhouse, Water Treatment/Landfill, Power Utilities, Cold Storage Warehouse, and Others) and Forecast, 2021-2028

Region : Russian Federation | Format: PDF | Report ID: FBI105130

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The Russia gas generator market size was USD 126.20 million in 2020. The global impact of COVID-19 has been unprecedented and staggering, with gas generators witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, this market will exhibit a huge decline of 10.86% in 2020. The market is expected to grow from USD 136.22 million in 2021 to USD 196.09 million in 2028 at a CAGR of 5.3% in the 2021-2028 period. The sudden rise in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over.


Generators are mainly used as backup power generators in several major sectors. Generators mostly run on natural gas, propane, or diesel generator. Gas generators provide a cleaner and eco-friendly option for consumers. In Russia, these are gaining more traction than other types as they are playing an important role in reducing greenhouse gas (GHG) emissions. Furthermore, the increasing acceptance of these generators from numerous major end-users for uninterrupted power supply is contributing immensely to the growth of the market.


Disruptions in Supply Chains amid COVID-19 Pandemic to Impact New Projects


The global health emergency created by the  COVID-19 pandemic has put a halt on manufacturing and trade operations across industries and geographies. Several countries across the globe have witnessed abrupt spikes in the number of affected people. Russia's economy is largely dependent on oil and natural gas exports. In 2020, Russian oil production declined for the first time since 2008, following a global deal to cut output and sluggish demand caused by the coronavirus. Recently, Gazprom, the Russian state-owned gas giant, admitted an almost 10% drop in its total gas production in 2020 because of the Covid-19 economic impact.


Moreover, the Russia gas generator market growth has been intermediately affected by the outcome of this global outbreak. These generators are broadly integrated across various sectors to provide extra power to lessen the chances of outages and maintain operations, reducing downtime. The difficulty in the initiation of new end-user projects due to the unavailability of necessary capital in heavy-duty operations, such as exploration and production of hydrocarbons, mining of new assets, construction activities, setup of new commercial infrastructures, among many others also provide negative influence on the Russia gas generator market.


LATEST TRENDS


Request a Free sample to learn more about this report.


Growing Adoption of Renewable Energy to Boost the Demand for Backup Power Facilities


Russia, a part of emerging economies, is one of the leading countries in electricity production and consumption in the world. But, more than half of electric power in the country is produced by thermal power plants. For the last few years, renewable energy has been gaining momentum in the Russian power generation mix.


The Russian government adopted the renewable energy-supporting mechanism in 2013, which targets the installation of 5.5 GW of wind, solar, and small hydropower plants by the year 2024. Under existing plans and policies, renewables would reach nearly 5% of the total final energy consumption by 2030. However,  solar energy can be produced only during the daytime, while wind energy can be produced only when the wind is blowing with a certain force. Therefore, backup power sources are needed for these resources. Thus, the growing adoption of renewable energy in Russia is expected to provide new opportunities to the gas generator market in the near future.


DRIVING FACTORS


Rising Incidents of Power Outages to Fuel Market Growth


Russian electrification rate has improved over the last decade. However, power outage incidences have also increased. A power outage generally occurs due to transmission line failure and faults in the power generation station or substation equipment, among others. In the past, there have been instances of major blackouts which have left millions of people without any power. For example, in June 2018, Crimea was stunned by a massive power outage. Russia's emergency management service informed TASS that the accident at the Taman substation in the Krasnodar Territory is the primary reason for the power outage.


Such power outages reduce industrial output and also cause discomfort and loss of productivity in residential, commercial, governmental, and other facilities. These generators supply power to such facilities during power outages. Thus, the rising number of power outage instances is expected to fuel the market growth.


Growing Demand for Gas Generators from End-use Industries to Drive the Market


A gas generator has a broad application reach, which includes numerous major end-use industries. The uninterrupted power supply has high importance in industries such as mining, oil & gas, and manufacturing. In Russia, the mining industry is growing at a significant pace owing to the abundance of mineral resources. Presently, most of the gold mines in Russia are located in remote locations. For example, the Kupol gold mine is an underground mine situated in the Chukotka region of Far East Russia. In such areas, a generator is the only option for continuous power supply. Thus, the demand for these generators is continuously increasing from the mining sector.


Russia is one of the major oil & gas producers in Europe. Russia’s currency is mainly dependent on oil & gas exports. Despite the decrease in crude oil prices, there has been a rise in the demand for oil and gas around the world. This will increase the need for oil and gas production and exploration activities, in turn boosting the demand for generators from the oil and gas industry. Hence, the growing demand for these generators from end-use industries will drive the growth of the market.


RESTRAINING FACTORS


Prevalence of Rental Market for Portable Generators to Hinder Market Growth


In Russia, portable generators are more often rented than bought owing to their advantages. Their lightweight and small size allow them to be handled and transported easily. Moreover, portable generators also require low amounts of fuel. In Russia, various sectors, such as event management and construction, are likely to opt for rental generators, as they need portability and easy handling of equipment. Also, for short periods, renting a generator is a more pocket-friendly option than buying the equipment. Hence, the prevalent practice of renting generators is a key factor that hinders the sale of such generators in Russia.


SEGMENTATION


By Power Rating Analysis


To know how our report can help streamline your business, Speak to Analyst


1000-2000 kVA Segment to Grow at the Highest  Rate during 2021-2028


Based on power rating, this market is segmented into up to 100 kVA, 100-350 kVA, 350-750 kVA, 750-1000 kVA, 1000-2000 kVA, 2000-3000 kVA, and Above 3000 kVA. The 1000-2000 kVA segment held a dominant share of the Russian market in 2020. These generators are majorly installed in power plants, large manufacturing facilities, and in the mining industry, where a continuous power supply is essential. Moreover, they are also mounted in remote locations for power generation and distribution where there is no grid connection.


The 350kVA-750 kVA segment is expected to hold a considerable share during the forecast period owing to the increasing demand for backup power systems from commercial and small industrial applications. Below 100 kVA are majorly used for power backup solutions in residential homes.


By End-user Analysis


Agriculture Segment Held Dominant Share of the Russia Market


Based on end-user, the market is segmented into mining, data centers, construction, manufacturing, tourism/hospitality, oil & gas, residential, agricultural, water treatment/landfill, power utilities, cold storage warehouses, and others. The agriculture segment is gaining more traction in the Russia  market. The farming industry heavily depends on an uninterrupted electric power supply. Almost every farming and agricultural business uses automated systems to keep its production activities running. Recently, in 2020,  GREENTECH ENERGY  completed the third stage of the power center project of TK TyumenAgro LLC. The power center, with a total capacity of 63 MW, was built in 3 stages. The third phase involved the delivery and launch of 11 Jenbacher gas piston plants: JMS 420×1, JMS 620×2, and JMS 624×8, with a total capacity of 43.3 MW.


Oil & gas and mining are the other major segments of the market and are expected to witness considerable growth during the forecast period. Russia is one of the top 3 countries with the largest reserves of diamonds, gold, platinum and palladium, coal, and iron ore. The country is the world's largest producer of palladium and diamonds and is the second-largest producer of aluminum, platinum, and nickel. Since the country’s most oilfields and mining sites are remotely located and have a limited supply of power,  gas generators are vital for continuous and smooth operations.


KEY INDUSTRY PLAYERS


Key Participants are Concentrating on Product Innovation and Expanding Sales Horizons


The market is fragmented owing to the large number of players operating in the market. Currently, Janbacher, Caterpillar Inc., and Cummins Inc. account for a significant market share owing to their extensive product portfolios, along with a  strong brand value. The key players in the market are employing various strategies to consolidate their position. One of the preferred strategies is the development of innovative solutions, which will help players to diversify their product portfolios and expand their sales horizons.


For instance, Cummins Inc. announced the introduction of its latest and advanced gas product called the C25G gas generator series in March 2020. It was introduced in the global power generation markets during the 2020 Middle East Energy (MEE) show. This series is engineered to deliver high-quality fuel efficiency with a power density of around 500kW and 580kW from a 25L Liebherr G9512 engine while offering lesser maintenance costs/kWh. This product launch is expected to propel the growth of the market.


LIST OF KEY COMPANIES PROFILED:



  • Caterpillar Inc. (The U.S.)

  • Cummins Inc. (The U.S.)

  • HIMOINSA (Spain)

  • Generac Power Systems  (The U.S.)

  • KOHLER-SDMO (France)

  • FG Wilson  (The U.K)

  • Atlas Copco (Sweden)

  • TSS Group (Russia)

  • Yanmar Holdings Co., Ltd. (Japan)


KEY INDUSTRY DEVELOPMENTS:



  • In September 2020, Caterpillar Inc. introduced the Cat G3412 natural gas-fueled generator set with the U.S. EPA Stationary Emergency Certification rated at 500 kW for 60 Hz markets. The skin-tight and canopy enclosure options make the G3412 ideally suited for standby applications, such as data centers, healthcare, office buildings, retail complexes, and government facilities. Thus, this product launch would help to grow the market.

  • In March 2019, Cummins Inc. introduced the HSK78G natural gas generator series during the 2019 Middle East Electricity Show at the Dubai World Trade Centre. The HSK78G generators are suitable for a diverse set of industries, from mining to manufacturing to shopping malls and hospitals, and have been designed to operate in extreme conditions while achieving a low total cost of ownership. This development would provide a positive influence on the growth of the market.

  • In September 2020, General Electric (GE) won an order to supply its 9HA.02 gas turbine and related equipment for the Zainskaya State District Power Plant (SDPP), located in Russia. The other equipment that the company will supply includes the STF-D650 steam turbine, one triple pressure with RH Heat Recovery Steam Generator and H78, and A78 generators.


REPORT COVERAGE


An Infographic Representation of Russia Gas Generator Market

To get information on various segments, share your queries with us



The Russia gas generator market research report include a detailed industry analysis and focuses on key aspects, such as leading companies, and leading power ratings, and end-users of the product. Besides this, the report offers insights into the current market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over recent years.


REPORT SCOPE & SEGMENTATION














































  ATTRIBUTE



  DETAILS



Study Period



   2017-2028



Base Year



  2020



Forecast Period



   2021-2028



Historical Period



  2017-2019



Unit



   Value (USD Million)



Segmentation



By Power Rating and End-user



By Power Rating




  • Up to 100 kVA

  • 100-350 kVA

  • 350-750 kVA

  • 750-1000 kVA

  • 1000-2000 kVA

  • 2000-3000 kVA

  • Above 3000 kVA



By End-user




  • Mining

  • Data Centers

  • Construction

  • Manufacturing

  • Tourism/Hospitality

  • Oil & Gas

  • Residential

  • Agricultural

  • Water Treatment/Landfill

  • Power Utilities

  • Cold Storage Warehouses

  • Others



By Country




  • Russia

    • By Power Rating

    • By End-user





Frequently Asked Questions

Fortune Business Insights says that the Russia market size was USD 126.20 million in 2020.

The Russia market is projected to grow at a CAGR of 5.3% in the forecast period.

The agriculture end-user segment is expected to be the leading segment in this market during the forecast period.

The Russia market size is anticipated to reach USD 196.09 million by 2028.

The growing number of infrastructure projects for residential and commercial spaces, as well as increasing investments in mining and oil & gas activities, are anticipated to boost the growth of the market.

The 1000 kVA-2000 kVA segment dominated the market share in 2020.

Janbacher, Caterpillar Inc., Cummins Inc., and Generac Holdings are the major players in the market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
Russia Gas Generator Market Size, Share and Global Industry Trend Forecast till 2026
  • Apr, 2021
  • 2020
  • 2017-2019
  • 117

    CHOOSE LICENSE TYPE

  • $3850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X