Market Data: Dual-Fuel Generator Sets

Stationary Dual-Fuel Gensets and Retrofits for Commodity Extraction, Commercial and Industrial, and Utility Applications:
Global Market Analysis and Forecasts

Dual-fuel generator sets (DFGSs) are defined as compression-ignited diesel units that can also run on some proportion of natural gas (NG). Today, they are positioned to take a growing share of the global generator set (genset) market. Despite a major slowdown since 2014 with the fall of both diesel prices and oil & gas (O&G) production, several persistent trends are opening opportunities for this technology. These include requirements for emissions reductions, demand for fuel flexibility to extend runtime, and the high and often volatile spread between NG and diesel prices.

Customers in developed countries are embracing DFGS technology to cut fuel costs and in some cases limit emissions, while demand in the developing world is often driven by volatility in the price or supply of fuel. With the recent slowdown in O&G, DFGS companies have the opportunity to capture anticipatory market share, as less capitalized participants may close up shop or be purchased. Another area for partnerships will be gas companies, especially smaller-scale liquefied NG (LNG) sellers that are looking for new markets for their products. Further education is needed on the benefits of DFGSs, so targeted marketing to facility owners and specifying engineers will open new opportunities. According to Navigant Research, the global market for DFGS installations and retrofits is expected to grow from nearly 1.1 GW in 2016 to more than 2.0 GW annually by 2025.

This Navigant Research report analyzes the global market for DFGSs for commodity extraction, commercial and industrial (C&I), and utility applications. The study provides an analysis of key market and technology developments related to DFGSs. Global market forecasts for capacity and revenue, broken out by segment and region, extend through 2025. The report also examines the key demand drivers and market challenges associated with DFGSs, as well as the competitive landscape.

Key Questions Addressed:
  • What are the key demand drivers for dual-fuel gensets (DFGSs) in each market segment?
  • What are the key hurdles to the adoption of DFGSs in each segment?
  • What opportunities are emerging beyond the oil & gas segment?
  • How are oil and gas prices expected to affect the DFGS market?
  • What strategies will best position OEMs to capture growing market share in the DFGS market?
  • How is electricity demand growth in the developing world affecting demand for DFGSs?
Who needs this report?
  • Generator set (genset) vendors
  • Large industrial power users
  • Microgrid operators
  • Natural gas and liquefied natural gas (LNG) sellers
  • Oil & gas exploration firms
  • Utilities
  • Investor community

Table of Contents

1. Executive Summary

1.1  Overview

1.2  Global Forecast

2. Market Issues

2.1  Key Segments

2.2  Demand Drivers

2.2.1  Price Spread Between Diesel and NG

2.2.2  Demand for Extended Runtime During Natural Disasters

2.2.3  Regulatory Drivers Related to Emissions

2.3  Key Market Challenges

2.3.1  Slowdown in O&G Segment

2.3.2  Availability of NG

2.4  Dual-Fuel Technology and Competitive Landscape

3. Market Forecasts

3.1  Market Forecast Key Assumptions

3.1.1  DFGS Installation Forecasts

3.1.2  DFG Retrofit Forecasts

3.2  DFGS Segment Forecasts

3.2.1  Commodity Extraction Segment Forecasts

3.2.2  C&I Segment Forecasts

3.2.3  Utility Segment Forecasts

3.3  Conclusions and Recommendations

4. Acronym and Abbreviation List
5. Table of Contents
6. Table of Charts and Figures
7. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Typical DFGS Configuration
  • Total Annual DFGS Installation and Retrofit Capacity and Revenue by Region, World Markets: 2016-2025
  • NG and Diesel Prices, United States: 2007-2016
  • Grid Disturbances, Demand Loss, and Billion-Dollar Weather and Climate Disasters, United States: 2000-2016
  • Active North American Rotary O&G Rigs as Percentage of Relative Peak, Last Three Downturns
  • DFGS Installation Capacity and Revenue by Region, World Markets: 2016-2025
  • DFGS Retrofit Capacity and Revenue by Region, World Markets: 2016-2025
  • Annual Commodity Extraction DFGS Installation and Retrofit Capacity by Region, World Markets: 2016-2025
  • Annual C&I DFGS Installation and Retrofit Capacity by Region, World Markets: 2016-2025
  • Annual Utility DFGS Installation and Retrofit Capacity by Region, World Markets: 2016-2025

List of Tables

  • Diesel Gensets SWOT Analysis
  • NG Gensets SWOT Analysis
  • DFGS Installations and Retrofits SWOT Analysis
  • Total Annual DFGS Installation and Retrofit Capacity by Region, World Markets: 2016-2025
  • Annual Commodity Extraction DFGS Installation Capacity by Region, World Markets: 2016-2025
  • Annual C&I DFGS Installation Capacity by Region, World Markets: 2016-2025
  • Annual Utility DFGS Installation Capacity by Region, World Markets: 2016-2025
  • Annual DFGS Installation Capacity by Region, World Markets: 2016-2025
  • Annual Commodity Extraction DFGS Retrofit Capacity by Region, World Markets: 2016-2025
  • Annual C&I DFGS Retrofit Capacity by Region, World Markets: 2016-2025
  • Annual Utility DFGS Retrofit Capacity by Region, World Markets: 2016-2025
  • Annual DFGS Retrofit Capacity by Region, World Markets: 2016-2025
  • Total Annual DFGS Installation and Retrofit Revenue by Region, World Markets: 2016-2025
  • Annual Commodity Extraction DFGS Installation Revenue by Region, World Markets: 2016-2025
  • Annual C&I DFGS Installation Revenue by Region, World Markets: 2016-2025
  • Annual Utility DFGS Installation Revenue by Region, World Markets: 2016-2025
  • Annual DFGS Installation Revenue by Region, World Markets: 2016-2025
  • Annual Commodity Extraction DFGS Retrofit Revenue by Region, World Markets: 2016-2025
  • Annual C&I DFGS Retrofit Revenue by Region, World Markets: 2016-2025
  • Annual Utility DFGS Retrofit Revenue by Region, World Markets: 2016-2025
  • Annual DFGS Retrofit Revenue by Region, World Markets: 2016-2025
  • Total Annual Commodity Extraction DFGS Installation and Retrofit Capacity by Region, World Markets: 2016-2025
  • Total Annual C&I DFGS Installation and Retrofit Capacity by Region, World Markets: 2016-2025
  • Total Annual Utility DFGS Installation and Retrofit Capacity by Region, World Markets: 2016-2025
  • Total Annual Commodity Extraction DFGS Installation and Retrofit Revenue by Region, World Markets: 2016-2025
  • Total Annual C&I DFGS Installation and Retrofit Revenue by Region, World Markets: 2016-2025
  • Total Annual Utility DFGS Installation and Retrofit Revenue by Region, World Markets: 2016-2025

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