Global Distributed Natural Gas Fueled Generation Market Size & Outlook
The global distributed natural gas fueled generation market size was estimated at USD 102,591.6 million in 2023 and is projected to reach USD 160,175.6 million by 2030, growing at a CAGR of 6.6% from 2024 to 2030.
Revenue, 2023 (US$M)
$102,591.6
Forecast, 2030 (US$M)
$160,175.6
CAGR, 2024 - 2030
6.6%
Report Coverage
Worldwide
Global distributed natural gas fueled generation market, 2018-2030 (US$M)
Related Markets
Global distributed natural gas fueled generation market highlights
- The global distributed natural gas fueled generation market generated a revenue of USD 102,591.6 million in 2023 and is expected to reach USD 160,175.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.6% by 2030.
- In terms of segment, internal combustion engine gas accounted for a revenue of USD 102,591.6 million in 2023.
- Internal Combustion Engine Gas is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 102,591.6 million |
| Market revenue in 2030 | USD 160,175.6 million |
| Growth rate | 6.6% (CAGR from 2024 to 2030) |
| Largest segment | Internal combustion engine gas |
| Fastest growing segment | Internal Combustion Engine Gas |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Internal Combustion Engine Gas |
Other key industry trends
- In terms of revenue, the North America accounted for 33.2% of the global distributed natural gas fueled generation market in 2023.
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Distributed natural Gas Fueled Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Doosan | View profile | 10001+ | Crawley, West Sussex, United Kingdom, Europe | https://www.doosanpowersystems.com |
| Rolls-Royce | View profile | 10001+ | London, England, United Kingdom, Europe | http://www.rolls-royce.com |
| MAN Energy Solutions | View profile | 10001+ | Munich, Bayern, Germany, Europe | https://www.man-es.com/ |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
Global distributed natural gas fueled generation market size, by regions, 2018-2030 (US$M)
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