The global industrial gas generator market size reached US$ 2.7 billion in 2023. The market is projected to reach US$ 5.4 billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2023-2032.
Gas generators are used for driving a turbine or generating combustible gases from a liquid or solid source. The gases which are created by the generator consist of the products of complete combustion of the fuel which include carbon dioxide and water. As they act as the source of backup or emergency power, gas generators have gained immense popularity across the industrial sector. Currently, they are available in different types of engines which vary in terms of their functionality and operating power.
Over the years, the adoption of gas generators across the industrial sector has increased owing to the need for uninterrupted power supply due to an increase in power outages and faults in electric networks. Additionally, a strong demand from emerging regions such as the Middle East and Asia on account of rapid urbanisation and industrialisation has fuelled the growth of the global industrial gas generators market. Moreover, technological advancements such as the installation of remote monitoring systems has further broadened the growth prospects of the market.
2. What is the expected growth rate of the global industrial gas generator market during 2024-2032?
3. What are the key factors driving the global industrial gas generator market?
4. What has been the impact of COVID-19 on the global industrial gas generator market?
5. What is the breakup of the global industrial gas generator market based on the end-use?
6. What are the key regions in the global industrial gas generator market?
7. Who are the key players/companies in the global industrial gas generator market?
Gas generators are used for driving a turbine or generating combustible gases from a liquid or solid source. The gases which are created by the generator consist of the products of complete combustion of the fuel which include carbon dioxide and water. As they act as the source of backup or emergency power, gas generators have gained immense popularity across the industrial sector. Currently, they are available in different types of engines which vary in terms of their functionality and operating power.
Over the years, the adoption of gas generators across the industrial sector has increased owing to the need for uninterrupted power supply due to an increase in power outages and faults in electric networks. Additionally, a strong demand from emerging regions such as the Middle East and Asia on account of rapid urbanisation and industrialisation has fuelled the growth of the global industrial gas generators market. Moreover, technological advancements such as the installation of remote monitoring systems has further broadened the growth prospects of the market.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global industrial gas generator market report, along with forecasts at the global and regional level from 2023-2032. The report has categorized the market based on type and end-use.Breakup by Type:
- 20KW to 100KW
- 101KW to 500KW
- 501KW to 1MW
- 1 MW to 2 MW
- 2 MW to 5 MW
Breakup by End-Use:
- Chemical Industry
- Breeding Industry
- Petroleum and Gas Industry
- Mining Industry
- Others
Breakup by Region:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
Competitive Landscape
- The competitive landscape of the market has also been examined with some of the key players being Caterpillar, Cummins Inc., General Electric Company, Kohler Power, Himoinsa SL, Generac Power Systems, Shandong Lvhuan Power Co., Ltd., Rolls-Royce Motor Cars Ltd., Multiquip Inc., and Jinan Diesel Engine Co., Ltd.
Key Questions Answered in This Report
1. What was the size of the global industrial gas generator market in 2023?2. What is the expected growth rate of the global industrial gas generator market during 2024-2032?
3. What are the key factors driving the global industrial gas generator market?
4. What has been the impact of COVID-19 on the global industrial gas generator market?
5. What is the breakup of the global industrial gas generator market based on the end-use?
6. What are the key regions in the global industrial gas generator market?
7. Who are the key players/companies in the global industrial gas generator market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Industrial Gas Generator Market
6 Market Breakup by Type
7 Market Breakup by End-Use
8 Market Breakup by Region
9 Industrial Gas Generator Manufacturing Process
10 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Caterpillar
- Cummins Inc.
- General Electric Company
- Kohler Power
- Himoinsa SL
- Generac Power Systems
- Shandong Lvhuan Power Co. Ltd.
- Rolls-Royce Motor Cars Ltd.
- Multiquip Inc.
- Jinan Diesel Engine Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 2.7 Billion |
| Forecasted Market Value ( USD | $ 5.4 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
