Gas Generator Set Market Dynamics 2021-2031
A gas generator set, also known as genset may be defined as an electrical equipment consisting a generator, a gas engine, and other ancillaries, which produce electrical power. The product is primarily deployed to supply emergency power during a grid failure or to provide primary power in sites where grid access is unavailable. Increasing dependency on electricity and security of supply will stimulate the product demand across residential, commercial, and industrial applications.
MARKET DYNAMICS
Several factors which are responsible for fuelling the growth of global gas genset market include the enhanced efficiency when compared with the diesel genset and low operating cost. The increasing carbon emissions in the surrounding is leading to the demand for gas genset and hence driving the growth of global gas genset market in the forecast period. The increasing industries leading to a high demand for electricity, easy configuration and the rising concern for environment is leading to the rise in demand for the gas genset in the market globally. The factors responsible for restraining the growth of global gas genset market includes the limited availability of gases along with disruption of gases during the natural calamities.
MARKET SCOPE
The ˜Global Gas Generator Set Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the gas generator set market with detailed market segmentation by fuel type, power rating and end-user. The global gas generator set market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading gas generator set market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Fuel Type: The global market is segmented into Natural Gas, Biogas, and Others.
2. By power rating: The global market is segmented into REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Gas Generator Set Market - By Fuel Type
1.3.2Gas Generator Set Market - By Power Rating
1.3.3Gas Generator Set Market - By End-User
1.3.4Gas Generator Set Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.GAS GENERATOR SET MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.GAS GENERATOR SET MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.GAS GENERATOR SET MARKET - GLOBAL MARKET ANALYSIS
6.1.GAS GENERATOR SET - GLOBAL MARKET OVERVIEW
6.2.GAS GENERATOR SET - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.GAS GENERATOR SET MARKET - REVENUE AND FORECASTS TO 2028 " FUEL TYPE
7.1.OVERVIEW
7.2.FUEL TYPE MARKET FORECASTS AND ANALYSIS
7.3.NATURAL GAS
7.3.1.Overview
7.3.2.Natural Gas Market Forecast and Analysis
7.4.BIOGAS
7.4.1.Overview
7.4.2.Biogas Market Forecast and Analysis
7.5.OTHERS
7.5.1.Overview
7.5.2.Others Market Forecast and Analysis
8.GAS GENERATOR SET MARKET - REVENUE AND FORECASTS TO 2028 " POWER RATING
8.1.OVERVIEW
8.2.POWER RATING MARKET FORECASTS AND ANALYSIS
8.3.BELOW 100 KVA
8.3.1.Overview
8.3.2.Below 100 KVA Market Forecast and Analysis
8.4.100-350 KVA
8.4.1.Overview
8.4.2.100-350 KVA Market Forecast and Analysis
8.5.350-1000 KVA
8.5.1.Overview
8.5.2.350-1000 KVA Market Forecast and Analysis
8.6.ABOVE 1000 KVA.
8.6.1.Overview
8.6.2.Above 1000 KVA. Market Forecast and Analysis
9.GAS GENERATOR SET MARKET - REVENUE AND FORECASTS TO 2028 " END-USER
9.1.OVERVIEW
9.2.END-USER MARKET FORECASTS AND ANALYSIS
9.3.RESIDENTIAL
9.3.1.Overview
9.3.2.Residential Market Forecast and Analysis
9.4.INDUSTRIAL
9.4.1.Overview
9.4.2.Industrial Market Forecast and Analysis
9.5.COMMERCIAL
9.5.1.Overview
9.5.2.Commercial Market Forecast and Analysis
9.6.POWER AND ENERGY
9.6.1.Overview
9.6.2.Power and Energy Market Forecast and Analysis
9.7.OTHERS.
9.7.1.Overview
9.7.2.Others. Market Forecast and Analysis
10.GAS GENERATOR SET MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Gas Generator Set Market Overview
10.1.2North America Gas Generator Set Market Forecasts and Analysis
10.1.3North America Gas Generator Set Market Forecasts and Analysis - By Fuel Type
10.1.4North America Gas Generator Set Market Forecasts and Analysis - By Power Rating
10.1.5North America Gas Generator Set Market Forecasts and Analysis - By End-User
10.1.6North America Gas Generator Set Market Forecasts and Analysis - By Countries
10.1.6.1United States Gas Generator Set Market
10.1.6.1.1United States Gas Generator Set Market by Fuel Type
10.1.6.1.2United States Gas Generator Set Market by Power Rating
10.1.6.1.3United States Gas Generator Set Market by End-User
10.1.6.2Canada Gas Generator Set Market
10.1.6.2.1Canada Gas Generator Set Market by Fuel Type
10.1.6.2.2Canada Gas Generator Set Market by Power Rating
10.1.6.2.3Canada Gas Generator Set Market by End-User
10.1.6.3Mexico Gas Generator Set Market
10.1.6.3.1Mexico Gas Generator Set Market by Fuel Type
10.1.6.3.2Mexico Gas Generator Set Market by Power Rating
10.1.6.3.3Mexico Gas Generator Set Market by End-User
10.2.EUROPE
10.2.1Europe Gas Generator Set Market Overview
10.2.2Europe Gas Generator Set Market Forecasts and Analysis
10.2.3Europe Gas Generator Set Market Forecasts and Analysis - By Fuel Type
10.2.4Europe Gas Generator Set Market Forecasts and Analysis - By Power Rating
10.2.5Europe Gas Generator Set Market Forecasts and Analysis - By End-User
10.2.6Europe Gas Generator Set Market Forecasts and Analysis - By Countries
10.2.6.1Germany Gas Generator Set Market
10.2.6.1.1Germany Gas Generator Set Market by Fuel Type
10.2.6.1.2Germany Gas Generator Set Market by Power Rating
10.2.6.1.3Germany Gas Generator Set Market by End-User
10.2.6.2France Gas Generator Set Market
10.2.6.2.1France Gas Generator Set Market by Fuel Type
10.2.6.2.2France Gas Generator Set Market by Power Rating
10.2.6.2.3France Gas Generator Set Market by End-User
10.2.6.3Italy Gas Generator Set Market
10.2.6.3.1Italy Gas Generator Set Market by Fuel Type
10.2.6.3.2Italy Gas Generator Set Market by Power Rating
10.2.6.3.3Italy Gas Generator Set Market by End-User
10.2.6.4Spain Gas Generator Set Market
10.2.6.4.1Spain Gas Generator Set Market by Fuel Type
10.2.6.4.2Spain Gas Generator Set Market by Power Rating
10.2.6.4.3Spain Gas Generator Set Market by End-User
10.2.6.5United Kingdom Gas Generator Set Market
10.2.6.5.1United Kingdom Gas Generator Set Market by Fuel Type
10.2.6.5.2United Kingdom Gas Generator Set Market by Power Rating
10.2.6.5.3United Kingdom Gas Generator Set Market by End-User
10.2.6.6Russia Gas Generator Set Market
10.2.6.6.1Russia Gas Generator Set Market by Fuel Type
10.2.6.6.2Russia Gas Generator Set Market by Power Rating
10.2.6.6.3Russia Gas Generator Set Market by End-User
10.2.6.7Rest of Europe Gas Generator Set Market
10.2.6.7.1Rest of Europe Gas Generator Set Market by Fuel Type
10.2.6.7.2Rest of Europe Gas Generator Set Market by Power Rating
10.2.6.7.3Rest of Europe Gas Generator Set Market by End-User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Gas Generator Set Market Overview
10.3.2Asia-Pacific Gas Generator Set Market Forecasts and Analysis
10.3.3Asia-Pacific Gas Generator Set Market Forecasts and Analysis - By Fuel Type
10.3.4Asia-Pacific Gas Generator Set Market Forecasts and Analysis - By Power Rating
10.3.5Asia-Pacific Gas Generator Set Market Forecasts and Analysis - By End-User
10.3.6Asia-Pacific Gas Generator Set Market Forecasts and Analysis - By Countries
10.3.6.1Australia Gas Generator Set Market
10.3.6.1.1Australia Gas Generator Set Market by Fuel Type
10.3.6.1.2Australia Gas Generator Set Market by Power Rating
10.3.6.1.3Australia Gas Generator Set Market by End-User
10.3.6.2China Gas Generator Set Market
10.3.6.2.1China Gas Generator Set Market by Fuel Type
10.3.6.2.2China Gas Generator Set Market by Power Rating
10.3.6.2.3China Gas Generator Set Market by End-User
10.3.6.3India Gas Generator Set Market
10.3.6.3.1India Gas Generator Set Market by Fuel Type
10.3.6.3.2India Gas Generator Set Market by Power Rating
10.3.6.3.3India Gas Generator Set Market by End-User
10.3.6.4Japan Gas Generator Set Market
10.3.6.4.1Japan Gas Generator Set Market by Fuel Type
10.3.6.4.2Japan Gas Generator Set Market by Power Rating
10.3.6.4.3Japan Gas Generator Set Market by End-User
10.3.6.5South Korea Gas Generator Set Market
10.3.6.5.1South Korea Gas Generator Set Market by Fuel Type
10.3.6.5.2South Korea Gas Generator Set Market by Power Rating
10.3.6.5.3South Korea Gas Generator Set Market by End-User
10.3.6.6Rest of Asia-Pacific Gas Generator Set Market
10.3.6.6.1Rest of Asia-Pacific Gas Generator Set Market by Fuel Type
10.3.6.6.2Rest of Asia-Pacific Gas Generator Set Market by Power Rating
10.3.6.6.3Rest of Asia-Pacific Gas Generator Set Market by End-User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Gas Generator Set Market Overview
10.4.2Middle East and Africa Gas Generator Set Market Forecasts and Analysis
10.4.3Middle East and Africa Gas Generator Set Market Forecasts and Analysis - By Fuel Type
10.4.4Middle East and Africa Gas Generator Set Market Forecasts and Analysis - By Power Rating
10.4.5Middle East and Africa Gas Generator Set Market Forecasts and Analysis - By End-User
10.4.6Middle East and Africa Gas Generator Set Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Gas Generator Set Market
10.4.6.1.1South Africa Gas Generator Set Market by Fuel Type
10.4.6.1.2South Africa Gas Generator Set Market by Power Rating
10.4.6.1.3South Africa Gas Generator Set Market by End-User
10.4.6.2Saudi Arabia Gas Generator Set Market
10.4.6.2.1Saudi Arabia Gas Generator Set Market by Fuel Type
10.4.6.2.2Saudi Arabia Gas Generator Set Market by Power Rating
10.4.6.2.3Saudi Arabia Gas Generator Set Market by End-User
10.4.6.3U.A.E Gas Generator Set Market
10.4.6.3.1U.A.E Gas Generator Set Market by Fuel Type
10.4.6.3.2U.A.E Gas Generator Set Market by Power Rating
10.4.6.3.3U.A.E Gas Generator Set Market by End-User
10.4.6.4Rest of Middle East and Africa Gas Generator Set Market
10.4.6.4.1Rest of Middle East and Africa Gas Generator Set Market by Fuel Type
10.4.6.4.2Rest of Middle East and Africa Gas Generator Set Market by Power Rating
10.4.6.4.3Rest of Middle East and Africa Gas Generator Set Market by End-User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Gas Generator Set Market Overview
10.5.2South and Central America Gas Generator Set Market Forecasts and Analysis
10.5.3South and Central America Gas Generator Set Market Forecasts and Analysis - By Fuel Type
10.5.4South and Central America Gas Generator Set Market Forecasts and Analysis - By Power Rating
10.5.5South and Central America Gas Generator Set Market Forecasts and Analysis - By End-User
10.5.6South and Central America Gas Generator Set Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Gas Generator Set Market
10.5.6.1.1Brazil Gas Generator Set Market by Fuel Type
10.5.6.1.2Brazil Gas Generator Set Market by Power Rating
10.5.6.1.3Brazil Gas Generator Set Market by End-User
10.5.6.2Argentina Gas Generator Set Market
10.5.6.2.1Argentina Gas Generator Set Market by Fuel Type
10.5.6.2.2Argentina Gas Generator Set Market by Power Rating
10.5.6.2.3Argentina Gas Generator Set Market by End-User
10.5.6.3Rest of South and Central America Gas Generator Set Market
10.5.6.3.1Rest of South and Central America Gas Generator Set Market by Fuel Type
10.5.6.3.2Rest of South and Central America Gas Generator Set Market by Power Rating
10.5.6.3.3Rest of South and Central America Gas Generator Set Market by End-User
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.GAS GENERATOR SET MARKET, KEY COMPANY PROFILES
12.1.CATERPILLAR INC.
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.GENERAL ELECTRIC
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.CUMMINS INC.
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.HIMOINSA
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.MTU ONSITE ENERGY
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.GENERAC POWER SYSTEMS INC.
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.WARTSILA
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.SIEMENS AG
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.ABB
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.DRESSER-RAND
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1.Caterpillar Inc.
2.General Electric
3.Cummins Inc.
4.Himoinsa
5.MTU Onsite Energy
6.Generac Power Systems Inc.
7.Wartsila
8.Siemens AG
9.ABB
10.Dresser-Rand
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For