Global Gas Genset Market 2018-2024: Market Forecast By KVA Ratings, Applications, Regions, Key Countries, and Competitive Landscape - ResearchAndMarkets.com
The "Global
Gas Genset Market (2018-2024): Market Forecast By KVA Ratings, By
Applications, By Regions, By Key Countries, and Competitive Landscape"
report has been added to ResearchAndMarkets.com's
offering.
The Global Gas Genset market is projected to grow at a CAGR of 5.6%
during 2018-24.
Growing demand for gensets in power plants, oil & gas fields, the rapid
growth of industrial sector across various countries as well as low
operational cost are the key factors which are driving the growth over
the past few years. Furthermore, exploration of newer and proven natural
gas reserves in the African countries, Russia, the United States,
Azerbaijan and Turkey are further leading to the development of gas
infrastructure for subsequent supply to other parts of the world.
Widening electricity demand-supply gap, rising industrialization, low
operational cost as well as growing demand for clean and reliable power
supply and expansion of gas pipeline infrastructure by several countries
such as China, the United States, Russia and India would drive the
growth for gas gensets in several regions of the world.
Moreover, high power losses in many Asian and Latin American countries
due to inefficient power generation infrastructure would also surge the
demand for efficient power backup equipment such as gensets over the
years to come. Upcoming projects such as Google Data Centre, Facebook
Data Centre and FBI Data Centre would also drive the demand for gas
gensets in the commercial sector.
Markets Covered:
By KVA Ratings:
-
Up to 100 KVA
-
100.1-375 KVA
-
375.1-1000 KVA
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Above 1000 KVA
By Applications:
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Residential
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Industrial (Manufacturing and Production)
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Commercial (Offices, museum, hospitality, retail, education, Data
Centre etc.)
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Power & Energy (Oil & gas, Electricity)
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Others (Transportation Infrastructure, educational buildings,
government buildings, agriculture etc.)
Companies Mentioned
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APR Energy Limited
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Briggs & Stratton Corporation
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Caterpillar Inc.
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Cummins Inc.
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Facebook
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FBI
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GE Power
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Generac Power Systems, Inc
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Google
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HIMOINSA S.L.
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Kohler Power Systems
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MTU Onsite Energy Corporation
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Wrtsil Corporation
For more information about this report visit https://www.researchandmarkets.com/research/jcwzhd/global_gas_genset?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181203005827/en/
Copyright Business Wire 2018
Source: Business Wire
(December 3, 2018 - 1:11 PM EST)
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