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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