Global Natural Gas Generator Market Size & Outlook
Global natural gas generator market, 2018-2030 (US$M)
Related Markets
Global natural gas generator market highlights
- The global natural gas generator market generated a revenue of USD 7,129.6 million in 2021 and is expected to reach USD 18,667.3 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 11.3% by 2030.
- In terms of segment, low power gensets accounted for a revenue of USD 3,107.2 million in 2021.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 7,129.6 million |
| Market revenue in 2030 | USD 18,667.3 million |
| Growth rate | 11.3% (CAGR from 2021 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, HighPower Gensets |
Other key industry trends
- In terms of revenue, the North America accounted for 30.6% of the global natural gas generator market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 203.1 million by 2030.
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Natural Gas Generator Market Scope
Natural Gas Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global natural gas generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to natural gas generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 43.58% in 2021. Horizon Databook has segmented the Global natural gas generator market based on low power gensets, medium power gensets, highpower gensets covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Natural Gas Generator Power Rating Outlook (Revenue, USD Million, 2018-2030)
- Low Power Gensets
- Medium Power Gensets
- HighPower Gensets
- Global Natural Gas Generator Application Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Commercial
- Residential
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Our clientele includes a mix of natural gas generator market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global natural gas generator market , including forecasts for subscribers. This global databook contains high-level insights into Global natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global natural gas generator market size, by region, 2018-2030 (US$M)
Top 10 countries: Natural gas generator market size, 2021 (US$M)
Global natural gas generator market share, by power rating, 2021 & 2030 (%, US$M)
Natural gas generator market: Opportunity assessment by country
Global natural gas generator market, by region, 2021 (US$M)
| Power Rating | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,680.8 | 1,827.2 | 1,808.5 | 2,181.8 | 2,417.2 | 2,641.6 | 2,921.8 | 3,243.2 | 3,593.2 | 3,982.7 | 4,414.3 | 4,892.5 | 5,422.4 | 10.6% |
| Europe | 1,493.0 | 1,647.5 | 1,634.5 | 2,013.9 | 2,223.9 | 2,474.9 | 2,749.0 | 3,054.8 | 3,388.4 | 3,760.0 | 4,172.4 | 4,629.9 | 5,137.4 | 11.0% |
| Asia Pacific | 1,204.0 | 1,346.0 | 1,334.5 | 1,700.0 | 1,920.5 | 2,178.4 | 2,481.2 | 2,838.5 | 3,239.4 | 3,696.4 | 4,215.6 | 4,805.2 | 5,474.5 | 13.9% |
| Latin America | 719.1 | 781.7 | 778.0 | 927.9 | 1,013.1 | 1,107.8 | 1,213.0 | 1,330.0 | 1,455.3 | 1,592.6 | 1,742.3 | 1,905.3 | 2,082.9 | 9.4% |
| MEA | 249.6 | 267.1 | 302.9 | 306.0 | 314.2 | 351.0 | 376.0 | 403.1 | 430.5 | 459.2 | 488.8 | 519.1 | 550.1 | 6.7% |
| Overall | 5,346.5 | 5,869.4 | 5,858.3 | 7,129.6 | 7,888.9 | 8,753.6 | 9,741.0 | 10,869.6 | 12,106.8 | 13,490.9 | 15,033.3 | 16,752.0 | 18,667.3 | 11.3% |
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