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Global Gas Genset Market: Scope , Applications and Growth Framework 2019 鈥?2026
by nikitamanwar · November 9, 2019
Gas genset聽is a device that comprises of a generator and gas engine. The mechanical energy is produced by converting the chemical energy by using the gas engine and then this mechanical energy produced is used for spinning the alternator rotor and hence further converting the mechanical energy into the electrical energy. The genset find their best application in the geographical areas with regular power outages and in the areas not connected to the power grid which enables them to be used as a main source of energy or also as a supplementary source of power.
Get Exclusive Sample Copy of This Report @ 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聽gas genset聽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.
The factors responsible for boosting the growth of Asia-pacific includes the fast globalization, rising natural gas production in this region. The enhancing economic rate leading to an increased demand for the power generation is driving the growth of gas genset market in this region. North America also saw a significant growth owing to high natural gas availability and reducing natural gas prices. The rising green manufacturing practices leading to increasing demand for cleaner fuel is leading to the demand for the gas genset.
Various notable players operating in the聽global gas genset market聽including Caterpillar , General Electric, Cummins Inc., Himoinsa, MTU Onsite Energy , Generac Power Systems Inc., Wartsila, Siemens AG, ABB and Dresser-Rand among others.
The聽global gas genset market聽has been segmented on the basis of fuel , power rating, application, end user and key geographies. Based on fuel, the market is segmented into natural gas , biogas and others. Based on power rating, the market is segmented into <100 KVA, 100-350 KVA, 350-1000 KVA and above 1000 KVA. Based on application , the market is segmented into standby, peak shaving and continuous. Based on end user, the market is segmented into residential, industrial , commercial, power& energy and others.
Request for the Customization of the report: Key questions answered in this research report:
1- At what pace is global gas genset market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global gas genset market?
4- What are the various application areas and how they are poised to grow?
Market Segmentation
By Fuel
鈥?Natural Gas
鈥?Biogas
鈥?Others
By Power Rating
鈥?<100 KVA
鈥?100-350 KVA
鈥?350-1000 KVA
鈥?above 1000 KVA
By Application
鈥?Standby
鈥?Peak Shaving
鈥?Continuous
By End User
鈥?Residential
鈥?Industrial
鈥?Commercial
鈥?Power& Energy
鈥?Others
By Geography
鈥?North America
As a part of the customization
o By Fuel
o By Power Rating
o By Application
o By End User
o US
o Canada
o Mexico
鈥?Europe
As a part of the customization
o By Fuel
o By Power Rating
o By Application
o By End User
o UK
o Germany
o Spain
o Rest of Europe
鈥?Asia-Pacific
As a part of the customization
o By Fuel
o By Power Rating
o By Application
o By End User
o China
o Australia
o India
o Rest of APAC
鈥?ROW
As a part of the customization
o By Fuel
o By Power Rating
o By Application
o By End User
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)
Leading market players
鈥?Caterpillar
鈥?General Electric
鈥?Cummins Inc.
鈥?Himoinsa
鈥?MTU Onsite Energy
鈥?Generac Power Systems Inc.
鈥?Wartsila
鈥?Siemens AG
鈥?ABB
鈥?Dresser-Rand
Read Comprehensive Overview of Report @ About GMI Research
GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.
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