Germany Natural Gas Generator Market Size & Outlook
Germany natural gas generator market, 2018-2030 (US$M)
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Germany natural gas generator market highlights
- The Germany natural gas generator market generated a revenue of USD 512.1 million in 2021 and is expected to reach USD 1,435.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 12.1% 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 512.1 million |
| Market revenue in 2030 | USD 1,435.3 million |
| Growth rate | 12.1% (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, Germany accounted for 7.2% 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 Europe, Germany natural gas generator market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,435.3 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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Germany 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 43.39% in 2021. Horizon Databook has segmented the Germany 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 country is expected to progress at the highest CAGR over the forecast period due to growing demand for back-up power systems from expanding manufacturing and other industrial end users. Germany is considered as a manufacturing hub for automobile industry owing to the presence of leading automobile companies such as Volkswagen, BMW, Mercedes-Benz, and others.
These companies require back-up power systems for emergency operations, which is expected to boost the demand for generator sets. However, Germany has been among the major countries when it comes to high carbon dioxide emissions.
The country has engaged itself in research & development for finding ways to reduce carbon dioxide emissions. Thus, it is giving more emphasis on generating power from renewable sources instead of non-renewable sources. All these factors contribute to the growth of natural gas genset over conventional diesel genset in Germany.
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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 Germany natural gas generator market , including forecasts for subscribers. This country databook contains high-level insights into Germany natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany natural gas generator market size, by power rating, 2018-2030 (US$M)
Germany Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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