India Natural Gas Generator Market Size & Outlook
India natural gas generator market, 2018-2030 (US$M)
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India natural gas generator market highlights
- The India natural gas generator market generated a revenue of USD 377.6 million in 2021 and is expected to reach USD 1,320.5 million by 2030.
- The India market is expected to grow at a CAGR of 14.9% 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 377.6 million |
| Market revenue in 2030 | USD 1,320.5 million |
| Growth rate | 14.9% (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, India accounted for 5.3% 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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India 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 47.25% in 2021. Horizon Databook has segmented the India 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 natural gas genset market in India has experienced challenges over the past few years as a result of stringent pollution regulations, limited consumer awareness, and fluctuation in gas prices. However, the market is projected to grow in coming years as natural gas genset manufacturers are making efforts to come up with standard products that are compliant with the Central Pollution Control Board (CPCB) II emission norms.
Moreover, growing consumer awareness for clean fuel for the generation of electricity is projected to drive the demand for natural gas genset over diesel genset in India. India is one of the fastest growing economies globally owing to the rising middle-class population, increasing disposable income of younger generation, and business-friendly government reforms. Healthcare is already one of the country’s largest sectors.
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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 country-level data and insights on the India natural gas generator market , including forecasts for subscribers. This country databook contains high-level insights into India natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India natural gas generator market size, by power rating, 2018-2030 (US$M)
India Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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