Gas Generator Sets Market Technology 2019: Business Growth, Trend and Forecast 2025

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2019 Gas Generator Sets Market - Regional
Revenue, Trend and Growth Forecast-2025
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Global Market Scenario of Gas Generator Sets
Industry

• Industrial gas gensets market is set to witness
  an appreciable growth owing to intensifying
  regulatory pressure to improve sustainability and
  environmental performance across diverse
  production facilities.
• Moreover, relatively stable and competitive price
  of natural gas along with low emission combustion
  will accelerate the deployment of these units as
  an effective and affordable step toward
  compliance with stringent emission standards
  while maintaining security of supply. These units
  are poised to capture a significant share of
  diesel gensets industry while restraining the
  deployment of renewable generation to an extent.
• Global Gas Generator Sets Market is set to exceed
  USD 9 Billion by 2025. Growing implications for
  energy security and rising concerns over carbon
  emissions coupled with rising stringency of
  environmental regulations will drive the global
  gas generator sets market. For instance, the U.S.
  EPA has set minimum emissions standards for
  generator sets with an objective to limit the
  emission of air pollutants.

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• These gensets' characteristic of relatively lower
  emission of pollutants including carbon, NOX and
  particulate matters will allow the technology to
  occupy a substantial share of diesel gensets
  along with restraining the penetration of
  distributed renewable generation to a certain
  extent over the forecast timeframe.
• The U.S. gas generator sets market is anticipated
  to reach over USD 1.7 billion by 2025. The
  development of hydraulic fracturing technology
  has provided access to vast reserves of shale
  gas, implying to a greater penetration of
  natural-gas operated equipment, including gas
  gensets. The industry is shifting toward
  gas-fired power generation on account of
  augmented production of shale gas and their
  reduced carbon emissions. For instance, the CO2
  produced by natural gas is nearly half of that
  produced by coal for same amount of thermal
  output.
• Standby gas generator sets market will witness a
  robust growth driven by progressive development
  and innovation of low-emission gas operated
  engines. Additionally, modifications in gas fired
  engines' ability to adapt with load acceptance
  standards and code-driven start time will boost
  the business growth. The adoption of these units
  for electric power security has been dramatically
  stimulated by the reconfiguration capability of
  gas engines for standby applications.

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U.S. Gas Generator Sets Market Size, By End Use,
2018 2025 (USD Million)
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enerator-sets-market
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360 Industry Analysis

• The Middle East gas gensets market will witness a
  remarkable growth owing to the growing efforts
  toward economic diversification and ongoing
  development in the regional infrastructure.
  Upcoming mega events, most notably the Qatar FIFA
  World Cup 2022 and Dubai World Expo 2020 will
  necessitate the massive deployment of these units
  to support the prime and backup power needs.
  Furthermore, countries including UAE and Saudi
  Arabia are determined to diversify their
  oil-based economy with endeavors into other
  segments which will positively influence the
  industry growth.
• The UK gas gensets market is anticipated to
  witness appreciable growth on account of rigorous
  emission environmental compliances including
  the Stage V limits introduced by the EU.
  Furthermore, shifting trend of industries toward
  lower emission power sources which includes
  natural-gas and dual fuel configurations is
  anticipated to positively influence the industry
  landscape. The adoption of these units to support
  the integration of renewable sources in the grid
  is another evolving factor driving the industry
  growth.

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Industry Background
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