Natural Gas Generator Set Market to Reach Nearly $10 Billion by 2018

February 12, 2013

Natural gas generator sets (gensets) are distributed power generation units that use reciprocating internal combustion engines to produce useable energy from gaseous fuels.  Distributed generation has several advantages over traditional large centralized power stations, including going online more quickly, reducing demand pressure on the electrical grid, and reducing inefficiencies that are common in centralized power generation, transmission, and distribution.  According to a new report from Pike Research, a part of Navigant’s Energy Practice, installations of natural gas gensets from 2013 to 2018 will total 60 gigawatts of capacity, producing almost $10 billion in annual revenue, by 2018.

“Until recently, the natural gas genset market has experienced steady growth, but a boom in unconventional gas resources and tightening regulations limiting stationary generator emissions point to accelerating growth over the next decade,” says senior research analyst Mackinnon Lawrence.  “The number of specialized segments within the genset market – spanning power classes, applications, and end-use customers – offers a rich ecosystem of opportunities for market participants.”

The vast majority of power generation technologies used in distributed applications are reciprocating engines, according to the report.  Reciprocating engines are well-suited for distributed power generation.  They are widely used in the United States and Europe, and are supported by a highly developed sales and service infrastructure.  Reciprocating engines start quickly, follow load well, have good part-load efficiencies, maintain efficiency and output under harsh conditions, and are generally highly reliable.

The report, “Natural Gas Generator Sets”, analyzes the global market potential for natural gas gensets, from less than 15 kilowatts to six megawatts for residential, commercial, and industrial applications.  The study includes in-depth assessments of global regions for capacity installations, an analysis of global gas resource development, and profiles of the key industry players engaged in this market.  Regional market forecasts are provided through 2018 for annual installations and revenue, segmented by power class as well as for power generation and combine heat and power applications.  An Executive Summary of the report is available for free download on the Pike Research website.

Contact: Richard Martin

+1.303.997.7609

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Natural Gas Generator Sets,” is a summary and reflects Pike Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Utilities and Grid Operators Will Invest More than $42 Billion in Flexible Alternating Current Transmission Systems from 2014 to 2022
July 29, 2014The growth in distributed renewable energy resources is driving demand for large-scale FACTS deployments, report concludes • The first flexible alternating current transmission systems (FACTS), which mitigated voltage drops on the…
Read More »
Shipments of Smart City Communications Nodes Will Reach Nearly 55 Million Annually by 2020
July 28, 2014Fragmentation across sectors and departments is a persistent problem, report finds • Ubiquitous and embedded communication services lie at the heart of the innovations in energy,…
Read More »
Commercial Building Owners and Managers Will Invest Nearly $960 Billion in Energy Efficiency Retrofits from 2014-2023
July 24, 2014 Payback periods remain a critical factor for decision-makers on retrofit projects, report finds • Because the existing building stock dwarfs the amount of building space that is added…
Read More »
Lithium Ion Batteries for Consumer Electric Vehicles Will Surpass $24 Billion in Annual Revenue by 2023
July 22, 2014Automakers have yet to agree on battery performance standards, report finds • Lithium ion (Li-ion) batteries have emerged as the leading battery technology for a wide…
Read More »
View All News

{"userID":"","pageName":"Natural Gas Generator Set Market to Reach Nearly $10 Billion by 2018","path":"\/newsroom\/natural-gas-generator-set-market-to-reach-nearly-10-billion-by-2018","date":"7\/29\/2014"}