Europe Natural Gas Generator Market Size & Outlook
Europe natural gas generator market, 2018-2030 (US$M)
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Europe natural gas generator market highlights
- The Europe natural gas generator market generated a revenue of USD 2,013.9 million in 2021.
- The market is expected to grow at a CAGR of 11% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 2,013.9 million |
| Market revenue in 2030 | USD 5,137.4 million |
| Growth rate | 11% (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 |
| 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, Europe region accounted for 28.2% of the global natural gas generator market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,474.5 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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Europe 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 43.65% in 2021. Horizon Databook has segmented the Europe 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.
Europe, led by Germany, France, Russia, and the UK, emerged as the second-largest regional market in 2018, accounting for over 27.92% of the global natural gas generator set market share. The region has a well-established gas generator set market.
Major end-use industries for gas generator set in Europe include power generation, oil & gas, and manufacturing. Rising population is a major factor influencing the power generation market in the region. In addition, growing GDP of the region is projected to attract various end-use players looking to expand their consumer bases.
Growing population provides a constant inflow of customers, which positively impacts a wide range of industries by creating more competition among the participants. Instead of fighting for existing customers, companies are attracting new customers by offering innovative products and services to fulfill their expectations.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the Europe natural gas generator market , including forecasts for subscribers. This continent databook contains high-level insights into Europe natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe natural gas generator market size, by country, 2018-2030 (US$M)
Europe Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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