Canada Natural Gas Generator Market Size & Outlook
Canada natural gas generator market, 2018-2030 (US$M)
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Canada natural gas generator market highlights
- The Canada natural gas generator market generated a revenue of USD 268.0 million in 2021 and is expected to reach USD 566.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.7% from 2022 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2021.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
Natural gas generator market data book summary
| Market revenue in 2021 | USD 268.0 million |
| Market revenue in 2030 | USD 566.7 million |
| Growth rate | 8.7% (CAGR from 2021 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, HighPower Gensets |
| Key market players worldwide | Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Mitsubishi Heavy Industries Ltd, Kohler, GE Aerospace, MTU Onsite Energy, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, Canada accounted for 3.8% of the global natural gas generator market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. natural gas generator market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,284.3 million by 2030.
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Natural Gas Generator Market Scope
Natural Gas Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 38.73% in 2021. Horizon Databook has segmented the Canada 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.
The commercial and industrial sectors generate the highest demand for back-up power systems in the country. Numerous energy-intensive industrial activities are the key catalysts for the growing electricity demand from industrial sector.
This trend is expected to continue as the country seeks to increase its oil & gas pipeline infrastructure, which is expected to fuel the demand for additional refineries requiring a tremendous amount of back-up power systems for standby power in an emergency.
The demand for backup power systems in industrial and commercial applications is projected to drive the product demand in the country over the forecast period. Moreover, the Western Canadian Sedimentary Basin comprising Alberta, British Columbia, and Saskatchewan is a major natural gas producing area in Canada.
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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 country-level data and insights on the Canada natural gas generator market , including forecasts for subscribers. This country databook contains high-level insights into Canada natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada natural gas generator market size, by power rating, 2018-2030 (US$M)
Canada Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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