Gas Generator Market 2019 Opportunities, Trends, Share, Demand, Forecast, Competitive Landscape, Drivers and Challenges Till 2023
Gas Generator Market report is helpful for future strategy development, and to know about Market Challenges, Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Pune, India – February 28, 2019 /MarketersMedia/ —
Global Gas Generator Market Overview
The global gas generator market is expected to grow at a CAGR of more than 8% during the forecast period. Gas Generator is a device normally used in engineering that generates electricity by utilizing the chemical energy from a gaseous fuel medium. The growing need for uninterrupted power supply during power outages and power failure has boosted the adoption of gas generator in all major sectors. Phenomenal growth in healthcare infrastructure, rising demand for data centers & IT facilities and rapid urbanization in developing countries are driving the global gas generator market. However, limited power generation capacity, high maintenance & operating cost and rise in transmission & distribution expenditure may hinder the global gas generator market.
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Competitive Landscape:
The key players of global gas generator market are APR Energy (USA), Siemens Ltd. (Germany), General Electric Company (USA), Aggreko plc (U.K), Toshiba Corporation (Japan), Hyundai Heavy Industries Co., Ltd. (South Korea), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Bharat Heavy Electricals Limited (India) and Perkins Engines Company Limited (U.K).
Industry Highlights:
Currently, the market is experiencing strong demand for generators with capacity less than 300 kW and above 1 MW. Generators with capacity less than 300 kW are primarily used in small-scale industries where the total load is less and the operation is of short timeline. The demand for these category of generators is likely to come from emerging industries in the developing nations such as, China and India, as these countries are the center of small cost-driven businesses who are slowing grasping market. Also, the growing power outage rates in this countries have certainly increased the demand for gas generators.
Gas Generator Market Segments Analysis:
Global Gas Generator Market, By Power Capacity
> 300 kW
301 kW-1 MW
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