Natural gas generator market to grow

Boulder, Colorado - Natural gas (NG) generator sets (gensets) tend to be reciprocating internal combustion motors that are used worldwide with regard to distributed power production. Like a source of emergency standby, perfect, peaking, or continuous energy, NG-fueled gensets are ready for rapid growth, especially in markets where affordable NG is widely available.

However, NG gensets cannot match up the performance or ease of diesel gensets since diesel powered has a higher energy content material and is easier to transport compared to NG. Today, though, the fishing line between NG and diesel-powered gensets is becoming blurred using the increasing popularity of dual-fuel gensets, which offer the performance associated with diesel while taking advantage of and may provide a price and low emissions of NG. In growing economies, the key obstacle towards the spread of NG gensets is a lack of adequate NG infrastructure. Once again, dual-fuel gensets provide an interesting middle floor, and they are seeing growth marketplaces in developing countries in which the NG infrastructure is likely to follow. According to Navigant Investigation, annual NG genset installs are expected to reach 27. 2GW by 2024 and produce $146. 8 billion within cumulative revenue between 2015 and 2024.

This Navigant Research report analyzes the worldwide market for NG gensets from less than 15kW in order to 20MW for residential, industrial, industrial, and utility programs. The study includes in-depth exams of global regions for NG genset capacity installations, a break down of market segments through power class, an evaluation of global gas resource advancement, and profiles of the crucial industry players engaged in the foreign exchange market. Global market forecasts which project the capacity and income of NG gensets within the 15kW - 6MW dimension range, segmented by area and country, extend via 2024.

www.yuchaiie.com