gas generator sets market Size and Forecasts Research Report 2021-2025

In September 2020, Caterpillar Inc., a key player in the global gas generator sets market, launched the Cat G3412 natural gas generator set with the United States EPA Stationary Emergency Certification which ranked at 500 kW for 60 Hz markets. The product has been engineered for meeting an entire suite of critical market requirements, comprising quick loading and starting capability, being UL 2200 listed, and meeting the NFPA 110 Level 1 Type 10 standards.

The Cat G3412 features Caterpillar’s EMCP 4.4 generator set controller and easily combines with building management systems. The solution’s extended set of features includes simplified wiring connections, additional paralleling options, package-mounted radiator, and a gas train. Such developments are expected to enhance product penetration, impelling gas generator industry landscape over the forthcoming years.

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According to the latest research by Global Market Insights, Inc., the global gas generator sets market size is anticipated to surpass USD 9 billion by 2025.

Prominent gas generator set manufacturers comprise Kohler, Mahindra Powerol, Generac, FG Wilson, Clarke Energy, Himoinsa Cooper Corporation, Cummins, Caterpillar, Stemac, and MTU, amongst others.

Few key trends propelling gas generator sets industry expansion include:

Surging inclination towards lower emission power sources in the UK

The UK is witnessing a considerable rise in the adoption of lower emission power sources having dual fuel and natural gas configurations. These units are increasingly being preferred for supporting the integration of renewable sources in the grid.

The UK gas generator sets market is poised to exhibit commendable growth over the estimated span, owing to stringent emission and environmental compliances, including the Stage V limits, introduced by the European Union.

Increasing efforts towards economic diversification in the Middle East

Several countries in the Middle East, comprising Saudi Arabia and the UAE, determined the diversification of their oil-based economy with initiatives into other segments. On this note, the ongoing developments in regional infrastructure are estimated to foster the growth of the Middle East gas generator sets market through 2025.

These gas generators are also expected to be deployed in large numbers in mega events in the region for supporting the primary and backup power requirements. These events comprise the Dubai World Expo, which was held in 2020, and the upcoming Qatar FIFA World Cup 2022.

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Escalating demand for industrial gas generator sets

Increasing regulatory pressure for the improvement of environmental performance and sustainability is slated to boost the deployment of industrial gas generator sets over the projected period. The relatively stable and competitive price of natural gas and the low emission combustion of natural gas generators are expected to advance the utilization of these units as an affordable and effective step for maintaining the security of supply.

Industrial gas generator sets also account for a substantial share of the diesel generators market, hampering the deployment of renewable generation to a certain extent.

In essence, the increasing stringency of regulatory compliances and the escalating concerns over carbon emissions will bolster the augmentation of the global gas generator sets industry through the assessment span.

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.