NATURAL GAS GENERATOR SETS: RECIPROCATING INTERNAL COMBUSTION ENGINES FOR CONTINUOUS, PRIME, AND STANDBY/BACKUP POWER: GLOBAL MARKET ANALYSIS AND FORECASTS

Gas (NG) generator sets (gensets) are reciprocating internal ignition engines that are used globally for distributed power creation. Despite a short-term collapse due to volatility in the essential oil & gas market, the actual NG genset market is likely to show healthy growth throughout the next 10 years. As a supply of emergency standby, prime, peaking, or continuous power, NG-fueled gensets are poised with regard to rapid growth, particularly within markets where inexpensive NG is widely available.

Yet, NG gensets cannot match the particular performance or convenience of diesel powered gensets since diesel features a higher energy content and it is easier to transport than NG. Today, though, the line among NG and diesel gensets is becoming blurred with the growing popularity of dual-fuel gensets, that offer the performance of diesel-powered while taking advantage of the low cost and low emissions associated with NG. In emerging financial systems, the key obstacle to the distribute of NG gensets is really a lack of adequate NG facilities. Once again, dual-fuel gensets offer an interesting middle ground, plus they are seeing growth markets inside developing countries where the NG infrastructure is expected to stick to. According to Navigant Research, yearly NG genset installations are required to reach 27. 2 GW by 2024 and produce $146. 8 billion throughout cumulative revenue between 2015 and 2024.

This Navigant Research report analyzes the worldwide market for NG gensets from less than 15 kW to 20 MW for home, commercial, industrial, and power applications. The study includes complex assessments of global regions regarding NG genset capacity installs, a breakdown of market sections by power class, a good analysis of global gas reference development, and profiles from the key industry players done this market. Global market predictions that project the capacity as well as revenue of NG gensets in the 15 kW-6 MW size range, segmented through region and country, lengthen through 2024.

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