Portable Generator Market Size, Share, Trend, Analysis

The Natural Gas Generator Global Market Report 2023, provides comprehensive information on the natural gas generator market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Natural Gas Generator Global Market Report 2023, the market size is expected to grow from $6.93 billion in 2022 to $7.56 billion in 2023 at a compound annual growth rate (CAGR) of 9.04%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global natural gas generator market size is expected to reach $10.46 billion in 2027 at a CAGR of 9.52%.

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Investments are the key trend gaining popularity in the natural gas generators market. Major companies operating in the natural gas generators market are focusing on investing in natural gas generator technologies and assets to expand the market. For instance, in February 2023, Cummins Inc., a US-based manufacturer of power generation products invested 175kW and 200kW natural gas standby generator sets. The generators offer a tough 6-cylinder spark-ignited QSJ8.9G petrol engine for dependable power that responds quickly to load changes, the PowerCommand 2.3 control for automatic remote starting/stopping, precise frequency and voltage regulation, alarm and status message display, and output metering with NFPA 110 Level 1 compliance, a standard cooling package that provides reliable running up to 122 degrees F, and an aesthetically appealing enclosure incorporating special designs. In May 2022, National Pension Service (NPS), a South Korea-based public pension fund, and Korean Teachers’ Credit Union (KTCU), a South Korea-based public pension fund for teachers, invested $390 million in Calpine Corp., a US-based manufacturer of natural gas generators.

The natural gas generator market is segmented:

1) By Type: Standby, Prime

2) By Power Rating: Low Power Genset, Medium Power Genset, High Power Genset

3) By Phase: Single Phase, 3 Phase

4) By Material: Aluminum, Composite, Steel

5) By End User: Industrial, Commercial, Residential

North America was the largest region in the natural gas generator market in 2022.

The table of contents in TBRC’s natural gas generator market report includes:

1. Executive Summary
2. Natural Gas Generator Market Characteristics
3. Natural Gas Generator Market Trends And Strategies
4. Natural Gas Generator Market – Macro Economic Scenario
5. Natural Gas Generator Market Size And Growth

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26. Africa Natural Gas Generator Market
27. Natural Gas Generator Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Natural Gas Generator Market
29. Natural Gas Generator Market Future Outlook and Potential Analysis
30. Appendix

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