Russia Natural Gas Generator Market Size & Outlook
Russia natural gas generator market, 2018-2030 (US$M)
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Russia natural gas generator market highlights
- The Russia natural gas generator market generated a revenue of USD 324.9 million in 2021 and is expected to reach USD 663.2 million by 2030.
- The Russia market is expected to grow at a CAGR of 8.3% 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 324.9 million |
| Market revenue in 2030 | USD 663.2 million |
| Growth rate | 8.3% (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, Russia accounted for 4.6% 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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Russia 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 42.32% in 2021. Horizon Databook has segmented the Russia 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.
Russia is one of the largest producers of dry natural gas and a major energy exporter. Its economy is mainly dependent on natural gas and oil revenues, which account for over one-third of the federal budget.
Natural gas genset market in Russia is largely driven by unmet demand for generator sets in various applications coupled with the emergence of various growth opportunities in the country owing large manufacturing sector in the country.
The growth of Russian economy is likely to boost the demand for gensets in the coming years. The surging demand for electricity combined with the unreliability of the grid, soaring grid prices, and low penetration of alternative power sources have resulted in the growth of Russian genset market.
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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 Russia natural gas generator market , including forecasts for subscribers. This country databook contains high-level insights into Russia natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia natural gas generator market size, by power rating, 2018-2030 (US$M)
Russia Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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