China Natural Gas Generator Market Size & Outlook
China natural gas generator market, 2018-2030 (US$M)
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China natural gas generator market highlights
- The China natural gas generator market generated a revenue of USD 761.3 million in 2021 and is expected to reach USD 2,462.5 million by 2030.
- The China market is expected to grow at a CAGR of 13.9% from 2022 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2021.
- Low 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 761.3 million |
| Market revenue in 2030 | USD 2,462.5 million |
| Growth rate | 13.9% (CAGR from 2021 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Low 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, China accounted for 10.7% 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 Asia Pacific, China natural gas generator market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,320.5 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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China 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 43.25% in 2021. Horizon Databook has segmented the China 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.
China is recognized as one of the fastest-growing economies in the sub-continental region owing to the rapidly growing manufacturing sector supported by favorable government norms. The telecom industry in the country has grown in the last couple of years and the trend is expected to continue in the coming years owing to the robust mobile network services and improving internet infrastructure.
With the growing telecom industry in the country, the demand for generator set is also expected to grow from 2019 to 2025 as back-up power system is an integral part of the telecom industry, as communication or cell phone site loses power even momentary, calls are dropped, and data flow is interrupted while ground equipment goes through the reset process.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China natural gas generator market , including forecasts for subscribers. This country databook contains high-level insights into China natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China natural gas generator market size, by power rating, 2018-2030 (US$M)
China Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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