The Natural Gas Genset Market can also benefit from the rising awareness about greenhouse gas emissions and volatility within the oil & gas market. As gas gensets are eco-friendly and are known for lower carbon, sulfur and nitrogen emissions, their demand is expected to mount in the forthcoming years.

1. Market Overview
Market Research Future (MRFR) believes that the global gas genset market has the potential
to achieve a CAGR of 5.00% during the forecast period (2016-2023).
Primary Drivers and Key Challenges
Gas gensets can be described as a reciprocating internal combustion engine, which is used for
distributed power production. These make use of natural gas for powering generators and
producing electricity. At present, diesel gensets enjoy the highest demand in the gensets
market. However, a number of countries now implement several norms that aim at reducing
the high levels of harmful emissions originating from diesel-powered gensets. This factor is
touted to have a lucrative effect on the global gas gensets market in the years to come.
Rising demand for gas gensets is the result of the widening electricity demand-supply gap along
with increasing industrialization and surge in carbon emissions. Gas gensets are used
extensively in numerous end-user segments like communication & transportation systems,
pharmaceutical & health care industries, manufacturing & water treatment facilities, and
landfill sites. Gas gensets are used as a back-up power source when there is a grid failure or a
power outage.
The Natural Gas Genset Market can also benefit from the rising awareness about greenhouse
gas emissions and volatility within the oil & gas market. As gas gensets are eco-friendly and
are known for lower carbon, sulfur and nitrogen emissions, their demand is expected to mount
in the forthcoming years.
Market Segmentation
The global gas genset market has been studied considering the primary segments like fuel,
power rating, application and end-user.
Fuel-wise, the market is split into natural gas, biogas, and others. Natural gas segment is at the
top position in the market with the largest share, primarily due to large-scale availability of
natural gas across various regions in the world.
The global gas genset market, with respect to the power rating, can be divided into up to 100
KVA, 100-350 KVA, 350-1000, and Above 1000 KVA.
In terms of the application, the global gas genset market includes standby, peak shaving, and
continuous. In 2017, the standby segment had held the biggest share in the gas genset market.
The global gas genset market, with regard to end-user, includes industrial, residential, and
commercial. Residential segment can attain the highest growth rate in the global gas genset
market in the years ahead.
Regional Outlook
North America, the Middle East and Africa, South America, Asia Pacific and Europe are the
primary markets for gas gensets.
North America can gain traction in the global market at the fastest growth, estimates MRFR.
The fast-paced market growth in the region is in response to the surging production of natural
gas as well as shale gas. The United States (US) is at the vanguard of the market growth in the

2. region, given the declining prices of natural gas combined with the carbon emission reduction
targets.
APAC has a strong potential for growth, with most of the developing countries showing
immense promise. Countries like India, Japan, and China are now making their presence felt
in the global arena, which benefits the market as well. Poor distribution and management of
power grids which is leading to power outages in developing nations can favor the regional
market.
Europe also has a huge share in the global gas gensets market. In the region, gas gensets are
generally used as standby power sources. Renowned players in the region with expertise in gas
gensets, are now focusing on developing advanced products to expand their position.
Moreover, rising use of eco-friendly fuels, given the increasing restriction and regulations by
governments will lead the gas gensets market to greater heights in the following years.
In MEA, rising need to power generation via clean energy sources, stringent environmental
regulations, inadequate power infrastructure, and burgeoning pipeline infrastructure can
stimulate growth of the gas genset market.
Leading Players
The players that are leading the worldwide gas genset market include ABB, Himoinsa, Sudhir
Power, Siemens AG, GE, Genrac Power Systems, MTU Onsite Energy GmbH, PARAMAC,
Caterpillar, Cummins, Wartsila, among others.
Latest News
September 2019
MAN Engines is set to present a gas genset engine catergozied in the 500 kW class at
PowerGen International 2019. The MAN E3262 LE252 is the latest engine development which
is based on the E3262 gas engine platform that was launched in the year 2012.
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