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What Is the Projected Growth of The Global Distributed Natural Gas-Fueled Generation Market?
The distributed natural gas-fueled generation market size has grown rapidly in recent years, escalating from $33.27 billion in 2024 to $36.88 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. Rampant growth in the historic period can be attributed to energy security concerns, economic viability, grid resilience and reliability, energy independence, environmental considerations.
Further projections suggest that the distributed natural gas-fueled generation market size is expected to see a substantial surge in the upcoming years. The market is estimated to reach $57.82 billion in 2029 at a compound annual growth rate (CAGR) of 11.9%. The steep growth in the forecast period can be attributed to renewable natural gas integration, grid decentralization initiatives, energy storage integration, government incentives and policies, and resilience planning. Major trends bolstering the forecast period include technological innovations in microgrids, advancements in gas turbine technology, technology advancements, integration with renewables, and environmental considerations.
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What are the Key Drivers for the Distributed Natural Gas-Fueled Generation Market?
The rising usage of natural gas is a significant factor expected to catalyze the growth of the distributed natural gas-fueled generation market moving forward. As a versatile energy source, natural gas is being increasingly leveraged for heating, cooking, mobility, and power generation. The use of natural gas in generation creates beneficial thermal output and electricity. For instance, in July 2022, the France-based International Energy Agency projected that global natural gas consumption would increase by a total of 140 billion cubic meters between 2021 and 2025. Thus, the increased usage of natural gas is expected to stimulate the growth of the distributed natural gas-fueled generation market.
What Are the Key Segments of The Global Distributed Natural Gas-Fueled Generation Market?
1) By Technology: Natural Gas Gensets, Micro Turbine, Stationary Fuel Cells
2) By Scale: Microgeneration, Small-Scale Generation, Medium-Scale Generation, Large-Scale Generation
3) By End User: Residential, Commercial And Industrial, Building And Institutional
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Which Key Companies Are Operating in The Distributed Natural Gas-Fueled Generation Market?
Prominent companies operating in the distributed natural gas-fueled generation market include General Electric Company, MWM GmbH, ABB Group, Cummins Inc., Shandong Lvhuan Power Equipment Co. Ltd., Redox Power Systems, Caterpillar Inc., Generac Power Systems, Mitsubishi Heavy Industries Ltd., Kohler Co. Inc., MTU Onsite Energy GmbH, Mahindra Powerol Ltd., Yanmar Co. Ltd., Coopercorp Generators, Siemens AG, Rolls-Royce Holdings PLC, Wärtsilä Corporation, MAN Energy Solutions SE, Kawasaki Heavy Industries Ltd., Sinopec, British Petroleum Company p.l.c, Chevron Corporation, Lukoil, Occidental Petroleum Corporation, ExxonMobil Corporation, Dakota Gasification Company, NRG Energy Inc., Baker Hughes Company, Halliburton, Honeywell International Inc., Royal Dutch Shell, and Calix Limited.
What Emerging Trends Are Influencing The Distributed Natural Gas-Fueled Generation Market?
Technological advancements emerge as a pivotal trend shaping the distributed natural gas-fueled generation market. Businesses in this sector are increasingly integrating innovative technologies to fortify their foothold in the market. For instance, in September 2023, Germany-based Motoren Werke Mannheim AG launched the TCG 3020 gas engine series with retrofit kits designed for hydrogen operation, permitting an admixture of up to 25 vol% hydrogen. This development aligns well with the burgeoning demands for sustainable energy solutions while adhering to strict emissions regulations.
What are the Regional Analysis for The Distributed Natural Gas-Fueled Generation Market?
North America dominated the distributed natural gas-fueled generation market in 2024, with Asia-Pacific looming as the fastest-growing region in the global distributed natural gas-fueled generation market during the forecast period. Other analyzed regions in the distributed natural gas-fueled generation market report comprise Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Distributed Natural Gas-Fueled Generation Market Report 2025 Offer?
Distributed natural gas-fueled generation refers to the distribution pipelines and the metering and regulating equipment at metering-regulating stations run by a local distribution company within a single state or an independent, municipally owned distribution system. The Distributed Natural Gas-Fueled Generation Market research report from The Business Research Company offers comprehensive insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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