Gas Genset Market Research Report – Global Forecast till 2027

Gas Genset Market Research Report: Information by Fuel (Natural Gas, Biogas, Others), Power Rating (Up to 100 KVA, 100-350 KVA, 350-1000 KVA, Above 1000 KVA), Application (Standby, Peak Shaving, Continuous), End-User and Region - Global Forecast till 2027

ID: MRFR/E&P/5828-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2016-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Gas genset consists of a gas engine and generator. The engine converts the chemical energy of a fuel to mechanical energy and this mechanical energy is used to spin the alternator rotor, thereby converting the mechanical energy to electrical energy. The alternator consists of two parts i.e. a rotor and stator. The various fuel includes natural gas, biogas, and others. The other components of genset are fuel day tank, basecamp, cooling system, and an enclosure, if needed. Gensets provide energy mostly in geographical areas which are not connected to power grid and in areas with frequent power outages. So, gensets can be used either as a main source of energy or as a supplementary source of power.  The gas gensets are environment friendly and produces lower carbon, sulfur, and nitrogen emissions.


Rising carbon emissions, low operational cost, and more efficiency of gas genset compared to diesel genset are the factors expected to drive the global gas genset market. The annual carbon emissions remained stable from 2014 to 2016. But emissions grew by 1.6% in 2017. So, rising carbon emissions are expected to drive the gas genset market during the forecast period. The factors such as increasing electricity demand-supply gap and carbon emission reduction targets globally are expected to offer promising business opportunities to the global gas genset market. Both developed and developing countries are planning to reduce carbon emissions. For instance, carbon emission reduction targets of US are 25 to 31% reduction by 2030 compared to 1990 levels. Similarly, targets for Japan are 38% to 48%, for Canada are 26% to 41%, and 14 to 27% for Russia. The targets for developing countries include 19% to 34% for China, 30% to 37% for Mexico, 12% to 21% for Indonesia, 13% to 17% for India, 32% to 49% for Brazil, and 12% to 21% for Indonesia by 2030 compared to 1990 levels.


Global gas genset market has been segmented based on fuel, power rating, application, end-user, and region. Based on fuel, the market is classified into natural gas, biogas, and others. Natural gas segment is leading the market and has the largest market share, mainly due to availability of natural gas. The global gas genset market is further segmented based on power rating into up to 100 KVA, 100-350 KVA, 350-1000, and Above 1000 KVA.  Based on application, the global gas genset market is segmented into standby, peak shaving, and continuous.  Standby segment led the global gas genset market in 2017. The global gas genset market is segmented by end-user into industrial, residential, and commercial. Residential segment is estimated to register the highest growth rate in the global gas genset market during the forecast period. 


The global gas genset market is expected to grow at ~5.00 % CAGR during the forecast period.  


Market Segmentation


Gas genset market


Global Gas genset market


Global gas genset market is expected to witness substantial growth during the forecast period owing to minimization of carbon footprint and availability of natural gas. North America is expected to be the fastest-growing market, by region, during the forecast period. This is due to the rising production of natural gas and shale gas in the region. US is expected to dominate the gas genset market in North America owing to declining prices of natural gas and due to carbon emission reduction targets. Asia-Pacific also offers promising business opportunities in the gas genset market owing to rising natural gas production in Southeast Asian countries in the region.   


Key Players


The key players of global gas genset market are Caterpillar, Cummins, Wartsila, Siemens AG, GE, ABB, Genrac Power Systems, MTU Onsite Energy GmbH, PARAMAC, Himoinsa, and Sudhir Power. among others. 



Frequently Asked Questions (FAQ) :


The rising carbon emissions, low operational cost, and more efficiency of gas genset compared to diesel genset are the factors driving the global gas genset market.

Global gas genset market’s segments are listed as fuel, power rating, application, end-user,

5.00 % is the CAGR of the company.

Asia-Pacific is the region that offers promising business opportunities in the gas genset market.

Cummins, Wartsila, Caterpillar, GE, ABB, Genrac Power Systems, Siemens AG, PARAMAC, Himoinsa, MTU Onsite Energy GmbH, and Sudhir Power are the key players.

Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market size Estimation

3.4 Forecast Model

3.5 List of Assumptions

3.6 Limitations of the study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat of New Entrants

5.5.2 Bargaining Power of Buyers

5.5.3 Bargaining Power of Suppliers

5.5.4 Threat of Substitutes

5.5.5 Intensity of Rivalry

5.6 Value Chain/Supply Chain Analysis

6 Global Gas Genset Market, By Fuel

6.1 Introduction

6.2 Natural Gas

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, By Region, 2020-2027

6.3 Biogas

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, By Region, 2020-2027

6.4 Others

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, By Region, 2020-2027

7 Global Gas Genset Market, By Power Rating

7.1 Introduction

7.2 Up to 100 KVA

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, By Region, 2020-2027

7.3 100 to 350 KVA

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, By Region, 2020-2027

7.4 350-1000 KVA

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, By Region, 2020-2027

7.5 Above 1000 KVA

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, By Region, 2020-2027

8 Global Gas Genset Market, By Application

8.1 Introduction

8.2 Standby

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, By Region, 2020-2027

8.3 Peak Shaving

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, By Region, 2020-2027

8.4 Continuous

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, By Region, 2020-2027

9 Global Gas Genset Market, By End-User

9.1 Introduction

9.2 Industrial

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast, By Region, 2020-2027

9.3 Commercial

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast, By Region, 2020-2027

9.4 Residential

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast, By Region, 2020-2027

10 Global Gas Genset Market, By Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, By Product, 2020-2027

10.2.2 Market Estimates & Forecast, By Application, 2020-2027

10.2.3 Market Estimates & Forecast, By Country, 2020-2027

10.2.4 US

10.2.4.1 Market Estimates & Forecast, By Product, 2020-2027

10.2.4.2 Market Estimates & Forecast, By Application, 2020-2027

10.2.5 Canada

10.2.5.1 Market Estimates & Forecast, By Product, 2020-2027

10.2.5.2 Market Estimates & Forecast, By Application, 2020-2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, By Product, 2020-2027

10.2.6.2 Market Estimates & Forecast, By Application, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, By Product, 2020-2027

10.3.2 Market Estimates & Forecast, By Application, 2020-2027

10.3.3 Market Estimates & Forecast, By Country, 2020-2027

10.3.4 Germany

10.3.4.1 Market Estimates & Forecast, By Product, 2020-2027

10.3.4.2 Market Estimates & Forecast, By Application, 2020-2027

10.3.5 UK

10.3.5.1 Market Estimates & Forecast, By Product, 2020-2027

10.3.5.2 Market Estimates & Forecast, By Application, 2020-2027

10.3.6 France

10.3.6.1 Market Estimates & Forecast, By Product, 2020-2027

10.3.6.2 Market Estimates & Forecast, By Application, 2020-2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, By Product, 2020-2027

10.3.7.2 Market Estimates & Forecast, By Application, 2020-2027

10.3.8 Rest of Europe

10.3.8.1 Market Estimates & Forecast, By Product, 2020-2027

10.3.8.2 Market Estimates & Forecast, By Application, 2020-2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, By Product, 2020-2027

10.4.2 Market Estimates & Forecast, By Application, 2020-2027

10.4.3 Market Estimates & Forecast, By Country, 2020-2027

10.4.4 China

10.4.4.1 Market Estimates & Forecast, By Product, 2020-2027

10.4.4.2 Market Estimates & Forecast, By Application, 2020-2027

10.4.5 Japan

10.4.5.1 Market Estimates & Forecast, By Product, 2020-2027

10.4.5.2 Market Estimates & Forecast, By Application, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, By Product, 2020-2027

10.4.6.2 Market Estimates & Forecast, By Application, 2020-2027

10.4.7 Australia

10.4.7.1 Market Estimates & Forecast, By Product, 2020-2027

10.4.7.2 Market Estimates & Forecast, By Application, 2020-2027

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast, By Product, 2020-2027

10.4.8.2 Market Estimates & Forecast, By Application, 2020-2027

10.5 Middle East & Africa

10.5.1 Market Estimates & Forecast, By Product, 2020-2027

10.5.2 Market Estimates & Forecast, By Application, 2020-2027

10.5.3 Market Estimates & Forecast, By Country, 2020-2027

10.5.4 Saudi Arabia

10.5.4.1 Market Estimates & Forecast, By Product, 2020-2027

10.5.4.2 Market Estimates & Forecast, By Application, 2020-2027

10.5.5 UAE

10.5.5.1 Market Estimates & Forecast, By Product, 2020-2027

10.5.5.2 Market Estimates & Forecast, By Application, 2020-2027

10.5.6 South Africa

10.5.6.1 Market Estimates & Forecast, By Product, 2020-2027

10.5.6.2 Market Estimates & Forecast, By Application, 2020-2027

10.5.7 Rest of the Middle East & Africa

10.5.7.1 Market Estimates & Forecast, By Product, 2020-2027

10.5.7.2 Market Estimates & Forecast, By Application, 2020-2027

10.6 South America

10.6.1 Market Estimates & Forecast, By Product, 2020-2027

10.6.2 Market Estimates & Forecast, By Application, 2020-2027

10.6.3 Market Estimates & Forecast, By Country, 2020-2027

10.6.4 Brazil

10.6.4.1 Market Estimates & Forecast, By Product, 2020-2027

10.6.4.2 Market Estimates & Forecast, By Application, 2020-2027

10.6.5 Argentina

10.6.5.1 Market Estimates & Forecast, By Product, 2020-2027

10.6.5.2 Market Estimates & Forecast, By Application, 2020-2027

10.6.6 Rest of South America

10.6.6.1 Market Estimates & Forecast, By Product, 2020-2027

10.6.6.2 Market Estimates & Forecast, By Application, 2020-2027

11 Competitive Landscape

11.1 Competitive Scenario

11.2 Competitive Benchmarking of the Global Gas Genset Market

11.3 Major Growth Strategy in the Global Gas Genset Market

11.4 Market Share Analysis: Global Gas Genset Market

11.5 Caterpillar: The Leading Player in terms of Number of Developments in Global Gas Genset Market

11.6 New Product Development in Gas Genset Market

11.7 Mergers & Acquisitions in Gas Genset Market

11.8 Contracts & Agreements in Gas Genset Market

11.9 Expansions & Investments in Gas Genset Market

12 Company Profile

12.1 Caterpillar

12.1.1 Company Overview

12.1.2 Product/Services Offering

12.1.3 Financial Overview

12.1.4 Key Developments

12.1.5 Strategy

12.1.6 SWOT Analysis

12.2 Cummins

12.2.1 Company Overview

12.2.2 Product /Services Offering

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 Strategy

12.2.6 SWOT Analysis

12.3 Wartsila

12.3.1 Company Overview

12.3.2 Product /Services Offering

12.3.3 Financial Overview

12.3.4 Key Developments

12.3.5 Strategy

12.3.6 SWOT Analysis

12.4 Siemens AG

12.4.1 Company Overview

12.4.2 Product /Services Offering

12.4.3 Financial Overview

12.4.4 Key Developments

12.4.5 Strategy

12.4.6 SWOT Analysis

12.5 GE

12.5.1 Company Overview

12.5.2 Product /Services Offering

12.5.3 Financial Overview

12.5.4 Key Developments

12.5.5 Strategy

12.5.6 SWOT Analysis

12.6 ABB

12.6.1 Company Overview

12.6.2 Product /Services Offering

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 Strategy

12.6.6 SWOT Analysis

12.7 Generac Power Systems

12.7.1 Company Overview

12.7.2 Product /Services Offering

12.7.3 Financial Overview

12.7.4 Key Developments

12.7.5 Strategy

12.7.6 SWOT Analysis

12.8 MTU Onsite Energy GmbH

12.8.1 Company Overview

12.8.2 Product /Services Offering

12.8.3 Financial Overview

12.8.4 Key Developments

12.8.5 Strategy

12.8.6 SWOT Analysis

12.9 PARAMAC

12.9.1 Company Overview

12.9.2 Product /Services Offering

12.9.3 Financial Overview

12.9.4 Key Developments

12.9.5 Strategy

12.9.6 SWOT Analysis

12.10 Sudhir Power

12.10.1 Company Overview

12.10.2 Product /Services Offering

12.10.3 Financial Overview

12.10.4 Key Developments

12.10.5 Strategy

12.10.6 SWOT Analysis

12.11 Himoinsa

12.11.1 Company Overview

12.11.2 Product /Services Offering

12.11.3 Financial Overview

12.11.4 Key Developments

12.11.5 Strategy

12.11.6 SWOT Analysis


List of Tables

Table 1 Global Gas Genset Market, By Region, 2020-2027 (USD Million)

Table 2 North America Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 3 Europe Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 4 Asia-Pacific Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 5 Middle East & Africa Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 6 South America Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 7 Global Solar Water Heater y Market, By Product, 2020-2027 (USD Million)

Table 8 North America Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 9 Europe Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 10 Asia-Pacific Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 11 Middle East & Africa Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 12 South America Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 13 Global Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 14 North America Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 15 Europe Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 16 Asia-Pacific Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 17 Middle East & Africa Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 18 South America Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 19 Global Gas Genset Market: By Region, 2020-2027 (USD Million)

Table 20 North America Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 21 North America Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 22 North America Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 23 US Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 24 US Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 25 Canada Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 26 Canada Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 27 Mexico Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 28 Mexico Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 29 Europe Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 30 Europe Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 31 Europe Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 32 Germany Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 33 Germany Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 34 UK Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 35 UK Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 36 France Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 37 France Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 38 Italy Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 39 Italy Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 40 Rest of Europe Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 41 Rest of Europe Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 42 Asia-Pacific Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 43 Asia-Pacific Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 44 Asia-Pacific Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 45 China Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 46 China Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 47 Japan Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 48 Japan Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 49 India Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 50 India Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 51 Australia Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 52 Australia Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 53 Rest of Asia-Pacific Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 54 Rest of Asia-Pacific Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 55 Middle East & Africa Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 56 Middle East & Africa Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 57 Middle East & Africa Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 58 Saudi Arabia Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 59 Saudi Arabia Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 60 UAE Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 61 UAE Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 62 South Africa Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 63 South Africa Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 64 Rest of the Middle East & Africa Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 65 Rest of the Middle East & Africa Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 66 South America Gas Genset Market, By Country, 2020-2027 (USD Million)

Table 67 South America Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 68 South America Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 69 Brazil Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 70 Brazil Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 71 Argentina Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 72 Argentina Gas Genset Market, By Application, 2020-2027 (USD Million)

Table 73 Rest of South America Gas Genset Market, By Product, 2020-2027 (USD Million)

Table 74 Rest of South America Gas Genset Market, By Application, 2020-2027 (USD Million) 

List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL GAS GENSET MARKET SHARE, BY PRODUCT, 2020 (%)

FIGURE 9 GLOBAL GAS GENSET MARKET, BY PRODUCT, 2020-2027 (USD Million)

FIGURE 10 GLOBAL GAS GENSET MARKET SHARE, BY APPLICATION, 2020 (%)

FIGURE 11 GLOBAL GAS GENSET MARKET, BY APPLICATION, 2020-2027 (USD Million)

FIGURE 12 GLOBAL GAS GENSET MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL GAS GENSET MARKET, BY REGION, 2020-2027 (USD Million)

FIGURE 14 NORTH AMERICA GAS GENSET MARKET SHARE (%), BY COUNTRY, 2020

FIGURE 15 NORTH AMERICA GAS GENSET MARKET, BY COUNTRY, 2020-2027 (USD Million)

FIGURE 16 EUROPE GAS GENSET MARKET SHARE (%), BY COUNTRY, 2020

FIGURE 17 EUROPE GAS GENSET MARKET, BY COUNTRY, 2020-2027 (USD Million)

FIGURE 18 ASIA PACIFIC GAS GENSET MARKET SHARE (%), BY COUNTRY, 2020

FIGURE 19 ASIA PACIFIC GAS GENSET MARKET, BY COUNTRY, 2020-2027 (USD Million)

FIGURE 20 MIDDLE EAST & AFRICA GAS GENSET MARKET SHARE (%), BY COUNTRY, 2020

FIGURE 21 MIDDLE EAST & AFRICA GAS GENSET MARKET, BY COUNTRY, 2020-2027 (USD Million)

FIGURE 22 SOUTH AMERICA GAS GENSET MARKET SHARE (%), BY COUNTRY, 2020

FIGURE 23 SOUTH AMERICA GAS GENSET MARKET, BY COUNTRY, 2020-2027 (USD Million)