Natural gas generator market to grow

Gas (NG) generator sets (gensets) are reciprocating internal ignition engines that are used globally for distributed power creation. 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. 2GW by 2024 and also generate $146. 8 billion dollars in cumulative revenue among 2015 and 2024.

This particular Navigant Research report evaluates the global market for NG gensets from less than 15kW to 20MW for home, commercial, industrial, and power applications. The study includes complex assessments of global regions with regard to 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 along with revenue of NG gensets in the 15kW - 6MW size range, segmented through region and country, lengthen through 2024.

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