Natural Gas Generator Sets: Reciprocating Internal Combustion Engines for Continuous, Prime, and Standby/Backup Power: Global Market Analysis and Forecasts - Reportlinker Review

NY, Sept. 17, 2015 /PRNewswire/ -- Natural gas (NG) power generator sets (gensets) are reciprocating internal combustion engines which are used worldwide for dispersed power production. Despite the short-term slowdown due to unpredictability in the oil & fuel market, the NG genset market is expected to show healthful growth during the next ten years. As a source of emergency life, prime, peaking, or constant power, NG-fueled gensets tend to be poised for rapid development, particularly in markets wherever inexpensive NG is accessible.

Yet, NG gensets are not able to match the performance or even convenience of diesel gensets because diesel has a higher power content and is easier to transportation than NG. Today, although, the line between NG as well as diesel gensets is becoming blurry with the increasing popularity of dual-fuel gensets, which offer the overall performance of diesel while benefiting from the low price and lower emissions of NG. Within emerging economies, the key barrier to the spread of NG gensets is a lack of sufficient NG infrastructure. Once again, dual-fuel gensets provide an interesting center ground, and they are seeing progress markets in developing nations where the NG infrastructure is actually expected to follow. According to Navigant Research, annual NG genset installations are expected to reach twenty-seven. 2 GW by 2024 and generate $146. eight billion in cumulative income between 2015 and 2024.

This Navigant Research statement analyzes the global market with regard to NG gensets from under 15 kW to 20 MW for residential, commercial, commercial, and utility applications. The research includes in-depth assessments of worldwide regions for NG genset capacity installations, a breakdown associated with market segments by energy class, an analysis of world gas resource development, and also profiles of the key business players engaged in this market. Worldwide market forecasts that task the capacity and revenue regarding NG gensets in the fifteen kW-6 MW size variety, segmented by region along with country, extend through 2024.

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